Insider Selling: InterDigital (NASDAQ:IDCC) CTO Sells $501,480.00 in Stock

InterDigital, Inc. (NASDAQ:IDCC) CTO Rajesh Pankaj sold 1,500 shares of InterDigital stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $334.32, for a total transaction of $501,480.00. Following the completion of the transaction, the chief technology officer directly owned 63,516 shares of the company’s stock, valued at approximately $21,234,669.12. This trade represents a 2.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 Tuesday, September 8th, Rajesh Pankaj sold 1,500 shares of InterDigital stock. The shares were sold at an average price of $338.00, for a total transaction of $507,000.00.
• 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.

InterDigital Trading Down 0.8%

InterDigital stock opened at $328.30 on Friday. The stock has a 50-day simple moving average of $334.65 and a 200 day simple moving average of $306.38. The stock has a market capitalization of $8.47 billion, a P/E ratio of 37.87 and a beta of 1.43. 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 52 week low of $249.14 and a 52 week high of $412.60.

InterDigital (NASDAQ:IDCC) last released its quarterly earnings data on Thursday, July 30th. The Wireless communications provider reported $4.62 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $143.10 million. During the same quarter in the prior year, the company earned $6.52 earnings per share. The business’s revenue for the quarter 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. Analysts expect that InterDigital, Inc. will post 9.52 earnings per share for the current year.

InterDigital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 28th. Investors of record on Wednesday, October 14th will be paid a $0.75 dividend. This is a boost from InterDigital’s previous quarterly dividend of $0.70. The ex-dividend date is Wednesday, October 14th. This represents a $3.00 dividend on an annualized basis and a yield of 0.9%. InterDigital’s dividend payout ratio (DPR) is currently 32.30%.

Hedge Funds Weigh In On InterDigital

Hedge funds have recently bought and sold shares of the business. Bank of America Corp DE bought a new position in shares of InterDigital during the second quarter worth approximately $46,953,000. Royal Bank of Canada boosted its stake in shares of InterDigital by 375.7% in the first quarter. Royal Bank of Canada now owns 199,655 shares of the Wireless communications provider’s stock valued at $60,297,000 after buying an additional 157,687 shares during the period. Neumeier Poma Investment Counsel LLC bought a new stake in shares of InterDigital in the second quarter valued at approximately $42,350,302. Arrowstreet Capital Limited Partnership grew its position in InterDigital by 135.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 219,388 shares of the Wireless communications provider’s stock worth $66,255,000 after buying an additional 126,328 shares in the last quarter. Finally, Pacer Advisors Inc. grew its position in InterDigital by 2,700.1% during the fourth quarter. Pacer Advisors Inc. now owns 68,659 shares of the Wireless communications provider’s stock worth $21,860,000 after buying an additional 66,207 shares in the last quarter. 99.83% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on IDCC shares. Weiss Ratings raised shares of InterDigital from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, September 18th. Zacks Research upgraded shares of InterDigital from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. According to MarketBeat, InterDigital currently has a consensus rating of “Buy” and a consensus price target of $450.00.

About InterDigital

InterDigital, Inc is a research and development company that designs and develops advanced wireless, video and related technologies. Its work supports cellular communications, including 2G, 3G, 4G and 5G networks, as well as Wi-Fi, video coding, artificial intelligence and other connected-device applications. The company’s technologies are incorporated into mobile phones, network equipment, consumer electronics and other wireless products.

InterDigital primarily commercializes its innovations through a patent-licensing business.