InterDigital (NASDAQ:IDCC) CTO Rajesh Pankaj Sells 1,500 Shares

InterDigital, Inc. (NASDAQ:IDCC) CTO Rajesh Pankaj sold 1,500 shares of the business’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $286.00, for a total value of $429,000.00. Following the sale, the chief technology officer owned 67,976 shares of the company’s stock, valued at approximately $19,441,136. This represents a 2.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 shares were 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 Performance

Shares of NASDAQ:IDCC traded down $5.88 during midday trading on Tuesday, hitting $277.01. The company had a trading volume of 15,332 shares, compared to its average volume of 379,126. InterDigital, Inc. has a 12-month low of $213.06 and a 12-month high of $412.60. The company has a fifty day moving average of $279.28 and a two-hundred day moving average of $318.36. The company has a market cap of $7.16 billion, a price-to-earnings ratio of 26.08 and a beta of 1.42. 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 posted its quarterly 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 net margin of 44.20% and a return on equity of 35.25%. The business had revenue of $205.42 million during the quarter, compared to analyst estimates of $196.85 million. During the same period in the prior year, the business posted $3.45 earnings per share. The company’s revenue 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. On average, equities research analysts expect that InterDigital, Inc. will post 7.41 EPS for the current fiscal year.

InterDigital Dividend Announcement

The firm 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 dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, July 8th. This represents a $2.80 dividend on an annualized basis and a yield of 1.0%. InterDigital’s dividend payout ratio is presently 26.37%.

Hedge Funds Weigh In On InterDigital

Several hedge funds have recently added to or reduced their stakes in the company. Pictet Asset Management Holding SA lifted its stake in InterDigital by 293.5% in the fourth quarter. Pictet Asset Management Holding SA now owns 14,098 shares of the Wireless communications provider’s stock worth $4,489,000 after acquiring an additional 10,515 shares during the period. Principal Financial Group Inc. increased its position in InterDigital by 4.6% during the 4th quarter. Principal Financial Group Inc. now owns 146,320 shares of the Wireless communications provider’s stock valued at $46,585,000 after purchasing an additional 6,494 shares during the period. PFA Pension Forsikringsaktieselskab bought a new stake in shares of InterDigital in the 4th quarter valued at about $1,852,000. Inceptionr LLC bought a new stake in shares of InterDigital in the 3rd quarter valued at about $1,101,000. Finally, Bernardo Wealth Planning LLC purchased a new stake in shares of InterDigital in the 4th quarter worth approximately $1,230,000. 99.83% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on IDCC shares. Jefferies Financial Group restated a “buy” rating on shares of InterDigital in a report on Wednesday, March 18th. Weiss Ratings downgraded shares of InterDigital from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, June 12th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average 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.