InterDigital (NASDAQ:IDCC) Director John Kritzmacher Sells 365 Shares

InterDigital, Inc. (NASDAQ:IDCCGet Free Report) Director John Kritzmacher sold 365 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $276.64, for a total value of $100,973.60. Following the transaction, the director owned 16,359 shares in the company, valued at approximately $4,525,553.76. This represents a 2.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

InterDigital Trading Down 0.6%

NASDAQ:IDCC opened at $287.15 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.88 and a current ratio of 1.88. InterDigital, Inc. has a one year low of $213.06 and a one year high of $412.60. The business’s 50-day simple moving average is $299.42 and its 200 day simple moving average is $325.26. The stock has a market cap of $7.42 billion, a price-to-earnings ratio of 27.04 and a beta of 1.43.

InterDigital (NASDAQ:IDCCGet Free Report) last announced its quarterly earnings data on Thursday, April 30th. The Wireless communications provider reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.54 by $0.03. The firm had revenue of $205.42 million during the quarter, compared to analyst estimates of $196.85 million. InterDigital had a return on equity of 35.25% and a net margin of 44.20%.InterDigital’s quarterly revenue was down 2.4% on a year-over-year basis. During the same period in the previous year, the company earned $3.45 earnings per share. InterDigital has set its Q2 2026 guidance at 1.410-1.600 EPS and its FY 2026 guidance at 8.740-11.840 EPS. As a group, sell-side analysts predict that InterDigital, Inc. will post 7.41 earnings per share for the current fiscal year.

InterDigital Announces Dividend

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

Key InterDigital News

Here are the key news stories impacting InterDigital this week:

Institutional Investors Weigh In On InterDigital

Institutional investors and hedge funds have recently modified their holdings of the stock. Pictet Asset Management Holding SA boosted its holdings in 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 acquiring an additional 10,515 shares during the period. PFA Pension Forsikringsaktieselskab bought a new stake in InterDigital during the fourth quarter valued at about $1,852,000. Principal Financial Group Inc. boosted its holdings 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 valued at $46,585,000 after acquiring an additional 6,494 shares during the period. Inceptionr LLC bought a new stake in InterDigital during the third quarter valued at about $1,101,000. Finally, Bernardo Wealth Planning LLC bought a new stake in InterDigital during the fourth quarter valued at about $1,230,000. Institutional investors and hedge funds own 99.83% of the company’s stock.

Analysts Set New Price Targets

IDCC has been the subject of several analyst reports. Weiss Ratings downgraded InterDigital from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday. Wall Street Zen upgraded InterDigital from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of InterDigital in a research report on Wednesday, March 18th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, InterDigital has an average rating of “Moderate Buy” and an average price target of $416.67.

View Our Latest Stock Report on InterDigital

About InterDigital

(Get Free Report)

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.

Featured Articles

Insider Buying and Selling by Quarter for InterDigital (NASDAQ:IDCC)

Receive News & Ratings for InterDigital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for InterDigital and related companies with MarketBeat.com's FREE daily email newsletter.