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

InterDigital, Inc. (NASDAQ:IDCC) CTO Rajesh Pankaj sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $290.00, for a total transaction of $435,000.00. Following the completion of the transaction, the chief technology officer owned 69,476 shares of the company’s stock, valued at approximately $20,148,040. The trade was a 2.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

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

InterDigital Stock Performance

NASDAQ:IDCC traded up $7.07 during trading hours on Friday, reaching $283.73. The company had a trading volume of 611,098 shares, compared to its average volume of 374,974. InterDigital, Inc. has a 52 week low of $213.06 and a 52 week high of $412.60. The firm’s 50 day moving average price is $300.87 and its 200-day moving average price is $326.69. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.01. The firm has a market cap of $7.33 billion, a price-to-earnings ratio of 26.72 and a beta of 1.43.

InterDigital (NASDAQ:IDCC) last issued its quarterly earnings data on Thursday, April 30th. The Wireless communications provider reported $2.57 earnings per share (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 firm had revenue of $205.42 million during the quarter, compared to the consensus estimate of $196.85 million. During the same quarter in the previous year, the firm posted $3.45 EPS. The company’s revenue for the quarter 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, analysts forecast that InterDigital, Inc. will post 7.41 EPS for the current year.

InterDigital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 8th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, July 8th. This represents a $2.80 annualized dividend and a yield of 1.0%. InterDigital’s dividend payout ratio is currently 26.37%.

Institutional Trading of InterDigital

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Keybank National Association OH grew its position in shares of InterDigital by 4.5% in the first quarter. Keybank National Association OH now owns 704 shares of the Wireless communications provider’s stock valued at $213,000 after purchasing an additional 30 shares during the period. Amundi raised its stake in InterDigital by 0.3% during the fourth quarter. Amundi now owns 10,084 shares of the Wireless communications provider’s stock worth $3,210,000 after purchasing an additional 30 shares during the period. Kestra Private Wealth Services LLC raised its stake in shares of InterDigital by 2.0% in the 4th quarter. Kestra Private Wealth Services LLC now owns 1,956 shares of the Wireless communications provider’s stock valued at $623,000 after acquiring an additional 39 shares during the period. MGO One Seven LLC raised its stake in shares of InterDigital by 5.2% in the 4th quarter. MGO One Seven LLC now owns 835 shares of the Wireless communications provider’s stock valued at $266,000 after acquiring an additional 41 shares during the period. Finally, J2 Capital Management Inc raised its stake in shares of InterDigital by 3.0% in the 1st quarter. J2 Capital Management Inc now owns 1,451 shares of the Wireless communications provider’s stock valued at $438,000 after acquiring an additional 42 shares during the period. Institutional investors and hedge funds own 99.83% of the company’s stock.

Wall Street Analysts Forecast Growth

IDCC has been the subject of several research reports. Weiss Ratings reissued a “buy (b)” rating on shares of InterDigital in a report on Friday, May 1st. Wall Street Zen upgraded shares of InterDigital from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of InterDigital in a research note on Wednesday, March 18th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, InterDigital 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.