Insider Selling: InterDigital (NASDAQ:IDCC) Director Sells $120,000.00 in Stock

InterDigital, Inc. (NASDAQ:IDCC) Director John Jr. Markley sold 400 shares of the firm’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $300.00, for a total transaction of $120,000.00. Following the completion of the sale, the director owned 11,735 shares in the company, valued at $3,520,500. The trade was a 3.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

InterDigital Stock Up 0.6%

Shares of NASDAQ IDCC opened at $297.84 on Tuesday. The business has a 50-day moving average of $296.46 and a two-hundred day moving average of $323.64. The company has a market capitalization of $7.70 billion, a price-to-earnings ratio of 28.05 and a beta of 1.43. InterDigital, Inc. has a 1 year low of $213.06 and a 1 year high of $412.60. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.88 and a quick ratio of 1.88.

InterDigital (NASDAQ:IDCC) last released its quarterly earnings data 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 business had revenue of $205.42 million for 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%.The business’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter in the prior 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. On average, analysts forecast that InterDigital, Inc. will post 7.41 earnings per share for the current fiscal year.

InterDigital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 8th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, July 8th. This represents a $2.80 annualized dividend and a dividend yield of 0.9%. InterDigital’s dividend payout ratio (DPR) is presently 26.37%.

Analyst Ratings Changes

IDCC has been the topic of several research reports. Jefferies Financial Group reissued a “buy” rating on shares of InterDigital in a research report on Wednesday, March 18th. Wall Street Zen upgraded InterDigital from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, Weiss Ratings downgraded shares of InterDigital from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, June 12th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, InterDigital has an average rating of “Moderate Buy” and an average target price of $416.67.

Hedge Funds Weigh In On InterDigital

Several institutional investors and hedge funds have recently modified their holdings of the company. NewEdge Advisors LLC lifted its stake in shares of InterDigital by 37.6% during the 1st quarter. NewEdge Advisors LLC now owns 3,911 shares of the Wireless communications provider’s stock worth $809,000 after purchasing an additional 1,069 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in InterDigital by 5.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 77,066 shares of the Wireless communications provider’s stock worth $15,933,000 after buying an additional 4,105 shares during the period. Russell Investments Group Ltd. increased its holdings in InterDigital by 85.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 6,407 shares of the Wireless communications provider’s stock valued at $1,437,000 after purchasing an additional 2,958 shares in the last quarter. AXA S.A. grew its position in InterDigital by 12.4% in the second quarter. AXA S.A. now owns 34,283 shares of the Wireless communications provider’s stock valued at $7,687,000 after acquiring an additional 3,788 shares in the last quarter. Finally, Qube Research & Technologies Ltd grew its stake in shares of InterDigital by 2.9% during the second quarter. Qube Research & Technologies Ltd now owns 127,983 shares of the Wireless communications provider’s stock valued at $28,698,000 after acquiring an additional 3,643 shares in the last quarter. Hedge funds and other institutional investors own 99.83% of the company’s stock.

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.