InterDigital (NASDAQ:IDCC) CTO Sells $193,785.00 in Stock

InterDigital, Inc. (NASDAQ:IDCC) CTO Rajesh Pankaj sold 750 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $258.38, for a total transaction of $193,785.00. Following the completion of the transaction, the chief technology officer owned 70,976 shares of the company’s stock, valued at $18,338,778.88. This trade represents a 1.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Rajesh Pankaj also recently made the following trade(s):

• On Monday, April 6th, Rajesh Pankaj sold 1,500 shares of InterDigital stock. The shares were sold at an average price of $313.30, for a total transaction of $469,950.00.

InterDigital Price Performance

Shares of IDCC stock traded down $5.04 during trading hours on Monday, reaching $255.60. The stock had a trading volume of 344,306 shares, compared to its average volume of 367,575. The stock’s fifty day simple moving average is $303.95 and its 200 day simple moving average is $328.69. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.01. InterDigital, Inc. has a 12 month low of $213.06 and a 12 month high of $412.60. The firm has a market capitalization of $6.60 billion, a PE ratio of 24.07 and a beta of 1.43.

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. InterDigital had a net margin of 44.20% and a return on equity of 35.25%. The company had revenue of $205.42 million during the quarter, compared to analyst estimates of $196.85 million. During the same period last year, the business earned $3.45 earnings per share. InterDigital’s revenue was down 2.4% compared to the same quarter last year. 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 predict that InterDigital, Inc. will post 7.41 EPS for the current year.

InterDigital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 8th were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Wednesday, April 8th. InterDigital’s dividend payout ratio (DPR) is 26.37%.

Institutional Trading of InterDigital

A number of hedge funds have recently bought and sold shares of the company. Pictet Asset Management Holding SA grew its stake in shares of InterDigital by 293.5% during 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 buying an additional 10,515 shares during the last quarter. PFA Pension Forsikringsaktieselskab bought a new position in InterDigital during the 4th quarter worth approximately $1,852,000. Principal Financial Group Inc. increased its stake in InterDigital by 4.6% in the 4th quarter. Principal Financial Group Inc. now owns 146,320 shares of the Wireless communications provider’s stock worth $46,585,000 after purchasing an additional 6,494 shares during the period. Inceptionr LLC purchased a new position in InterDigital in the 3rd quarter worth approximately $1,101,000. Finally, Bernardo Wealth Planning LLC bought a new stake in InterDigital in the fourth quarter valued at approximately $1,230,000. Institutional investors own 99.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on IDCC. Weiss Ratings restated a “buy (b)” rating on shares of InterDigital in a research report on Friday, May 1st. Jefferies Financial Group reissued a “buy” rating on shares of InterDigital in a report on Wednesday, March 18th. Finally, Wall Street Zen upgraded shares of InterDigital from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, InterDigital presently 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.