Insider Selling: InterDigital (NASDAQ:IDCC) CTO Sells 1,500 Shares of Stock

InterDigital, Inc. (NASDAQ:IDCC) CTO Rajesh Pankaj sold 1,500 shares of the company’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $338.00, for a total transaction of $507,000.00. Following the completion of the sale, the chief technology officer directly owned 65,016 shares in the company, valued at approximately $21,975,408. The trade was a 2.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 Wednesday, August 5th, Rajesh Pankaj sold 1,500 shares of InterDigital stock. The shares were sold at an average price of $324.88, for a total transaction of $487,320.00.
• On Monday, July 6th, Rajesh Pankaj sold 1,500 shares of InterDigital stock. The shares were sold at an average price of $286.00, for a total transaction of $429,000.00.
• 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.

InterDigital Price Performance

Shares of NASDAQ IDCC traded down $1.60 during mid-day trading on Wednesday, hitting $339.34. 209,023 shares of the stock were exchanged, compared to its average volume of 340,776. The company has a market cap of $8.76 billion, a P/E ratio of 39.14 and a beta of 1.43. The stock’s fifty day simple moving average is $306.48 and its two-hundred day simple moving average is $310.82. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.74 and a current ratio of 1.74. InterDigital, Inc. has a twelve month low of $249.14 and a twelve month high of $412.60.

InterDigital (NASDAQ:IDCC) last announced its earnings results on Thursday, July 30th. The Wireless communications provider reported $4.62 EPS for the quarter, topping the consensus estimate of $0.90 by $3.72. The business had revenue of $260.17 million for the quarter, compared to the consensus estimate of $143.10 million. InterDigital had a return on equity of 28.17% and a net margin of 38.32%.InterDigital’s revenue was down 13.4% compared to the same quarter last year. During the same period in the previous year, the business earned $6.52 EPS. InterDigital has set its FY 2026 guidance at 10.850-12.810 EPS and its Q3 2026 guidance at 1.940-2.130 EPS. As a group, analysts forecast that InterDigital, Inc. will post 9.76 EPS for the current fiscal year.

InterDigital Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Weiss Ratings lowered shares of InterDigital from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. Zacks Research raised shares of InterDigital from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $416.67.

Institutional Investors Weigh In On InterDigital

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. California State Teachers Retirement System lifted its stake in InterDigital by 27,779.5% in the second quarter. California State Teachers Retirement System now owns 8,412,642 shares of the Wireless communications provider’s stock valued at $2,381,871,000 after buying an additional 8,382,467 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of InterDigital by 62.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,222,111 shares of the Wireless communications provider’s stock worth $707,477,000 after buying an additional 854,845 shares during the period. Norges Bank bought a new stake in shares of InterDigital in the 4th quarter valued at about $128,918,000. Bank of America Corp DE bought a new stake in shares of InterDigital in the 2nd quarter valued at about $46,953,000. Finally, Royal Bank of Canada raised its position in shares of InterDigital by 375.7% in the 1st quarter. Royal Bank of Canada now owns 199,655 shares of the Wireless communications provider’s stock valued at $60,297,000 after acquiring an additional 157,687 shares during the period. Institutional investors own 99.83% of the company’s stock.

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.