InterDigital (NASDAQ:IDCC) CTO Rajesh Pankaj Sells 750 Shares

InterDigital, Inc. (NASDAQ:IDCC) CTO Rajesh Pankaj sold 750 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $258.38, for a total value of $193,785.00. Following the completion of the sale, the chief technology officer owned 70,976 shares of the company’s stock, valued at approximately $18,338,778.88. This trade represents a 1.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Rajesh Pankaj also recently made the following trade(s):

• On Monday, April 6th, Rajesh Pankaj sold 1,500 shares of InterDigital stock. The stock was sold at an average price of $313.30, for a total value of $469,950.00.

InterDigital Trading Down 1.9%

IDCC opened at $255.60 on Tuesday. The stock has a market cap of $6.60 billion, a PE ratio of 24.07 and a beta of 1.43. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.01. The business has a 50 day moving average of $303.08 and a 200-day moving average of $328.13. InterDigital, Inc. has a 52 week low of $213.06 and a 52 week high of $412.60.

InterDigital (NASDAQ:IDCC) last released its earnings results on Thursday, April 30th. The Wireless communications provider reported $2.57 EPS for the quarter, beating analysts’ consensus estimates of $2.54 by $0.03. The company had revenue of $205.42 million during the quarter, compared to analysts’ expectations of $196.85 million. InterDigital had a return on equity of 35.25% and a net margin of 44.20%.The firm’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same quarter last year, the business posted $3.45 EPS. InterDigital has set its Q2 2026 guidance at 1.410-1.600 EPS and its FY 2026 guidance at 8.740-11.840 EPS. Equities research analysts predict that InterDigital, Inc. will post 7.41 earnings per share for the current fiscal year.

InterDigital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 8th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Wednesday, April 8th. InterDigital’s dividend payout ratio (DPR) is presently 26.37%.

Institutional Trading of InterDigital

Several institutional investors have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its position in InterDigital by 62.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,222,111 shares of the Wireless communications provider’s stock valued at $707,477,000 after purchasing an additional 854,845 shares during the last quarter. Geode Capital Management LLC grew its position in InterDigital by 18.6% during the 4th quarter. Geode Capital Management LLC now owns 787,546 shares of the Wireless communications provider’s stock valued at $251,250,000 after purchasing an additional 123,686 shares during the last quarter. Invesco Ltd. grew its position in InterDigital by 24.8% during the 4th quarter. Invesco Ltd. now owns 450,863 shares of the Wireless communications provider’s stock valued at $143,546,000 after purchasing an additional 89,647 shares during the last quarter. Reinhart Partners LLC. grew its position in InterDigital by 1.3% during the 4th quarter. Reinhart Partners LLC. now owns 417,639 shares of the Wireless communications provider’s stock valued at $132,973,000 after purchasing an additional 5,293 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of InterDigital in the fourth quarter worth $128,918,000. 99.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on IDCC shares. Wall Street Zen upgraded InterDigital from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Jefferies Financial Group restated a “buy” rating on shares of InterDigital in a research note on Wednesday, March 18th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of InterDigital in a research note on Friday, May 1st. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $416.67.

InterDigital Company Profile

InterDigital, Inc is a mobile and video technology research and development company that designs and licenses wireless communications and video compression innovations. Its patent portfolio encompasses key standards across 3G, 4G LTE and 5G wireless networks, as well as video and multimedia technologies. By focusing on fundamental technology creation rather than device manufacturing, InterDigital delivers core intellectual property to smartphone manufacturers, chipset vendors and telecommunications operators worldwide.

The company’s principal services include patent licensing, technology evaluation and consulting.