InterDigital (NASDAQ:IDCC) Director Sells $100,973.60 in Stock

InterDigital, Inc. (NASDAQ:IDCC) Director Jean Rankin sold 365 shares of InterDigital stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $276.64, for a total value of $100,973.60. Following the transaction, the director owned 28,938 shares of the company’s stock, valued at $8,005,408.32. This trade represents a 1.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

InterDigital Stock Up 1.8%

IDCC stock opened at $288.87 on Tuesday. The firm has a market capitalization of $7.46 billion, a PE ratio of 27.20 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. InterDigital, Inc. has a twelve month low of $213.06 and a twelve month high of $412.60. The stock’s 50 day moving average is $299.94 and its 200-day moving average is $325.77.

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

InterDigital Dividend Announcement

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

Hedge Funds Weigh In On InterDigital

Institutional investors have recently added to or reduced their stakes in the stock. Keybank National Association OH increased its holdings in InterDigital by 4.5% during the first quarter. Keybank National Association OH now owns 704 shares of the Wireless communications provider’s stock worth $213,000 after buying an additional 30 shares during the last quarter. Amundi boosted its stake in InterDigital by 0.3% in the fourth quarter. Amundi now owns 10,084 shares of the Wireless communications provider’s stock valued at $3,210,000 after acquiring an additional 30 shares during the last quarter. Kestra Private Wealth Services LLC boosted its stake in InterDigital by 2.0% in the fourth quarter. Kestra Private Wealth Services LLC now owns 1,956 shares of the Wireless communications provider’s stock valued at $623,000 after acquiring an additional 39 shares during the last quarter. MGO One Seven LLC grew its position in shares of InterDigital by 5.2% during the 4th quarter. MGO One Seven LLC now owns 835 shares of the Wireless communications provider’s stock valued at $266,000 after acquiring an additional 41 shares during the period. Finally, J2 Capital Management Inc grew its position in shares of InterDigital by 3.0% during the 1st quarter. J2 Capital Management Inc now owns 1,451 shares of the Wireless communications provider’s stock valued at $438,000 after acquiring an additional 42 shares during the period. Institutional investors own 99.83% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on IDCC shares. Jefferies Financial Group reaffirmed a “buy” rating on shares of InterDigital in a research report on Wednesday, March 18th. Weiss Ratings cut shares of InterDigital from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday. Finally, Wall Street Zen raised InterDigital from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus 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.