InterDigital (NASDAQ:IDCC) CTO Sells $429,000.00 in Stock

InterDigital, Inc. (NASDAQ:IDCC) CTO Rajesh Pankaj sold 1,500 shares of InterDigital stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $286.00, for a total transaction of $429,000.00. Following the completion of the transaction, the chief technology officer directly owned 67,976 shares in the company, valued at approximately $19,441,136. This trade represents a 2.16% decrease in their ownership of the stock. The transaction 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.

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

• On Thursday, June 11th, Rajesh Pankaj sold 1,500 shares of InterDigital stock. The shares were sold at an average price of $290.00, for a total transaction of $435,000.00.
• 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.

InterDigital Price Performance

Shares of NASDAQ:IDCC opened at $266.28 on Friday. The company’s fifty day moving average is $273.80 and its two-hundred day moving average is $317.15. The company has a quick ratio of 1.88, a current 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 company has a market cap of $6.88 billion, a P/E ratio of 25.07 and a beta of 1.42.

InterDigital (NASDAQ:IDCC) last issued its earnings results on Thursday, April 30th. The Wireless communications provider reported $2.57 EPS for the quarter, topping the consensus estimate of $2.54 by $0.03. InterDigital had a return on equity of 35.25% and a net margin of 44.20%.The business had revenue of $205.42 million during the quarter, compared to analysts’ expectations of $196.85 million. During the same quarter last year, the firm posted $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. Equities analysts expect that InterDigital, Inc. will post 7.41 earnings per share for the current fiscal year.

InterDigital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 8th will be given a dividend of $0.70 per share. The ex-dividend date is Wednesday, July 8th. This represents a $2.80 dividend on an annualized basis and a yield of 1.1%. InterDigital’s dividend payout ratio (DPR) is presently 26.37%.

Institutional Investors Weigh In On InterDigital

Several large investors have recently made changes to their positions in IDCC. Kemnay Advisory Services Inc. bought a new position in InterDigital during the fourth quarter valued at approximately $26,000. Anchor Investment Management LLC bought a new position in shares of InterDigital during the 1st quarter valued at $30,000. Leonteq Securities AG acquired a new stake in shares of InterDigital in the 4th quarter valued at $35,000. Financial Consulate Inc. bought a new stake in InterDigital in the fourth quarter worth $41,000. Finally, Hantz Financial Services Inc. raised its holdings in InterDigital by 219.0% during the fourth quarter. Hantz Financial Services Inc. now owns 134 shares of the Wireless communications provider’s stock valued at $43,000 after buying an additional 92 shares in the last quarter. Institutional investors own 99.83% of the company’s stock.

Analyst Ratings Changes

IDCC has been the topic of a number of research reports. Weiss Ratings downgraded InterDigital from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, June 12th. Jefferies Financial Group restated a “buy” rating on shares of InterDigital in a 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 company’s stock. According to MarketBeat, InterDigital has an average rating of “Moderate Buy” and a consensus price target of $416.67.

About InterDigital

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.