Joan Gillman Sells 300 Shares of InterDigital (NASDAQ:IDCC) Stock

InterDigital, Inc. (NASDAQ:IDCC) Director Joan Gillman sold 300 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $331.06, for a total transaction of $99,318.00. Following the sale, the director directly owned 22,736 shares of the company’s stock, valued at $7,526,980.16. This represents a 1.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

InterDigital Trading Down 2.9%

InterDigital stock opened at $338.07 on Wednesday. The company has a 50 day moving average price of $281.07 and a 200 day moving average price of $311.75. InterDigital, Inc. has a 52 week low of $249.14 and a 52 week high of $412.60. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.74 and a current ratio of 1.74. The firm has a market capitalization of $8.73 billion, a price-to-earnings ratio of 38.99 and a beta of 1.43.

InterDigital (NASDAQ:IDCC) last announced its quarterly earnings data on Thursday, July 30th. The Wireless communications provider reported $4.62 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $3.72. InterDigital had a return on equity of 28.17% and a net margin of 38.32%.The firm had revenue of $260.17 million during the quarter, compared to analyst estimates of $143.10 million. During the same period last year, the company posted $6.52 EPS. The business’s quarterly revenue was down 13.4% compared to the same quarter last year. InterDigital has set its FY 2026 guidance at 10.850-12.810 EPS and its Q3 2026 guidance at 1.940-2.130 EPS. Research analysts forecast that InterDigital, Inc. will post 7.41 EPS for the current year.

InterDigital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 8th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, July 8th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.8%. InterDigital’s dividend payout ratio (DPR) is 32.30%.

Institutional Trading of InterDigital

A number of institutional investors and hedge funds have recently made changes to their positions in IDCC. Pictet Asset Management Holding SA boosted its position in shares of 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 valued at $4,489,000 after acquiring an additional 10,515 shares during the period. NewEdge Wealth LLC grew its stake in shares of InterDigital by 68.4% in the first quarter. NewEdge Wealth LLC now owns 13,783 shares of the Wireless communications provider’s stock worth $4,163,000 after acquiring an additional 5,599 shares during the last quarter. Principal Financial Group Inc. increased its position in InterDigital by 4.6% during the fourth quarter. Principal Financial Group Inc. now owns 146,320 shares of the Wireless communications provider’s stock worth $46,585,000 after acquiring an additional 6,494 shares during the period. PFA Pension Forsikringsaktieselskab acquired a new position in InterDigital during the 4th quarter valued at $1,852,000. Finally, Intech Investment Management LLC raised its stake in InterDigital by 39.9% during the 4th quarter. Intech Investment Management LLC now owns 25,678 shares of the Wireless communications provider’s stock valued at $8,175,000 after purchasing an additional 7,319 shares during the last quarter. Institutional investors and hedge funds own 99.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Zacks Research upgraded InterDigital from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. Weiss Ratings cut shares of InterDigital from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, June 12th. One analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. According to MarketBeat.com, InterDigital currently has an average rating of “Buy” and a consensus target price 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.