InterDigital (NASDAQ:IDCC) Director Derek Aberle Sells 522 Shares

InterDigital, Inc. (NASDAQ:IDCC) Director Derek Aberle sold 522 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $276.64, for a total value of $144,406.08. Following the completion of the transaction, the director owned 7,620 shares in the company, valued at $2,107,996.80. This represents a 6.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

InterDigital Price Performance

NASDAQ IDCC opened at $288.87 on Tuesday. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $7.46 billion, a PE ratio of 27.20 and a beta of 1.43. InterDigital, Inc. has a 12-month low of $213.06 and a 12-month high of $412.60. The company has a 50 day moving average price of $299.94 and a two-hundred day moving average price of $325.77.

InterDigital (NASDAQ:IDCC) last announced its quarterly 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 net margin of 44.20% and a return on equity of 35.25%. The company had revenue of $205.42 million for the quarter, compared to analyst estimates of $196.85 million. During the same quarter in the prior year, the business posted $3.45 EPS. InterDigital’s quarterly revenue was down 2.4% on a year-over-year basis. 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, equities analysts predict that InterDigital, Inc. will post 7.41 earnings per share for the current fiscal year.

InterDigital Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.0%. InterDigital’s dividend payout ratio is currently 26.37%.

Analysts Set New Price Targets

Several research firms recently weighed in on IDCC. Jefferies Financial Group restated a “buy” rating on shares of InterDigital in a report on Wednesday, March 18th. Wall Street Zen upgraded InterDigital from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Finally, Weiss Ratings lowered shares of InterDigital from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $416.67.

Hedge Funds Weigh In On InterDigital

A number of institutional investors have recently made changes to their positions in IDCC. Kemnay Advisory Services Inc. bought a new stake in InterDigital during the 4th quarter valued at approximately $26,000. Anchor Investment Management LLC acquired a new position in shares of InterDigital during the first quarter worth approximately $30,000. Aster Capital Management DIFC Ltd lifted its holdings in shares of InterDigital by 186.8% during the third quarter. Aster Capital Management DIFC Ltd now owns 109 shares of the Wireless communications provider’s stock worth $38,000 after buying an additional 71 shares during the last quarter. Leonteq Securities AG bought a new stake in shares of InterDigital in the fourth quarter valued at approximately $35,000. Finally, Financial Consulate Inc. acquired a new stake in shares of InterDigital in the fourth quarter worth $41,000. 99.83% of the stock is currently owned by institutional investors.

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.