InterDigital (NASDAQ:IDCC) CTO Sells $429,000.00 in Stock

InterDigital, Inc. (NASDAQ:IDCC) CTO Rajesh Pankaj sold 1,500 shares of InterDigital stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $286.00, for a total transaction of $429,000.00. Following the sale, the chief technology officer directly owned 67,976 shares in the company, valued at $19,441,136. The trade was a 2.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, June 11th, Rajesh Pankaj sold 1,500 shares of InterDigital stock. The stock was sold at an average price of $290.00, for a total transaction of $435,000.00.
• On Friday, June 5th, Rajesh Pankaj sold 750 shares of InterDigital stock. The stock was sold at an average price of $258.38, for a total transaction of $193,785.00.

InterDigital Stock Down 2.1%

IDCC traded down $5.88 on Tuesday, hitting $277.01. The company had a trading volume of 15,332 shares, compared to its average volume of 379,126. The stock has a fifty day simple moving average of $279.28 and a 200-day simple moving average of $318.36. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.88 and a quick ratio of 1.88. The firm has a market capitalization of $7.16 billion, a P/E ratio of 26.08 and a beta of 1.42. InterDigital, Inc. has a 52-week low of $213.06 and a 52-week high of $412.60.

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

InterDigital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 8th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Wednesday, July 8th. InterDigital’s dividend payout ratio is presently 26.37%.

Hedge Funds Weigh In On InterDigital

Several large investors have recently modified their holdings of IDCC. Kemnay Advisory Services Inc. bought a new position in InterDigital during the fourth quarter valued at approximately $26,000. Anchor Investment Management LLC bought a new position in shares of InterDigital during the 1st quarter valued at $30,000. Leonteq Securities AG bought a new position in shares of InterDigital during the 4th quarter valued at $35,000. Financial Consulate Inc. purchased a new position in shares of InterDigital in the 4th quarter worth $41,000. Finally, Hantz Financial Services Inc. grew its holdings in shares of InterDigital by 219.0% in the fourth quarter. Hantz Financial Services Inc. now owns 134 shares of the Wireless communications provider’s stock worth $43,000 after acquiring an additional 92 shares during the period. Hedge funds and other institutional investors own 99.83% of the company’s stock.

Analyst Upgrades and Downgrades

IDCC has been the topic of a number of research reports. Weiss Ratings cut shares of InterDigital from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, June 12th. Jefferies Financial Group reissued a “buy” rating on shares of InterDigital in a research report on Wednesday, March 18th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $416.67.

About InterDigital

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.