John Jr. Markley Sells 700 Shares of InterDigital (NASDAQ:IDCC) Stock

InterDigital, Inc. (NASDAQ:IDCC) Director John Jr. Markley sold 700 shares of the company’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $374.95, for a total transaction of $262,465.00. Following the completion of the sale, the director directly owned 11,223 shares of the company’s stock, valued at $4,208,063.85. The trade was a 5.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

InterDigital Stock Up 3.6%

NASDAQ IDCC opened at $363.90 on Thursday. InterDigital, Inc. has a 12 month low of $180.60 and a 12 month high of $412.60. The company has a market capitalization of $9.35 billion, a P/E ratio of 30.50 and a beta of 1.58. The company’s 50 day simple moving average is $332.61 and its 200 day simple moving average is $326.81. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.84 and a quick ratio of 1.84.

InterDigital (NASDAQ:IDCC) last posted its quarterly earnings results on Thursday, February 5th. The Wireless communications provider reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.47. InterDigital had a net margin of 48.76% and a return on equity of 41.09%. The firm had revenue of $158.23 million for the quarter, compared to analyst estimates of $155.57 million. During the same quarter in the previous year, the business posted $5.15 earnings per share. The firm’s quarterly revenue was down 37.4% compared to the same quarter last year. InterDigital has set its Q1 2026 guidance at 2.390-2.680 EPS. Equities research analysts expect that InterDigital, Inc. will post 9.21 earnings per share for the current fiscal year.

InterDigital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 28th. Stockholders of record on Wednesday, January 14th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, January 14th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.8%. InterDigital’s payout ratio is 23.47%.

Institutional Trading of InterDigital

A number of institutional investors have recently added to or reduced their stakes in the business. Norges Bank acquired a new position in shares of InterDigital during the 4th quarter valued at about $128,918,000. Wedge Capital Management L L P NC bought a new stake in InterDigital during the third quarter worth approximately $67,282,000. Geode Capital Management LLC boosted its position in InterDigital by 18.6% during the fourth quarter. Geode Capital Management LLC now owns 787,546 shares of the Wireless communications provider’s stock worth $251,250,000 after purchasing an additional 123,686 shares during the period. M&T Bank Corp grew its holdings in InterDigital by 14,563.6% during the fourth quarter. M&T Bank Corp now owns 109,244 shares of the Wireless communications provider’s stock valued at $34,781,000 after purchasing an additional 108,499 shares during the last quarter. Finally, Empowered Funds LLC raised its position in shares of InterDigital by 303.1% in the second quarter. Empowered Funds LLC now owns 143,406 shares of the Wireless communications provider’s stock valued at $32,156,000 after purchasing an additional 107,828 shares during the period. 99.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Weiss Ratings cut InterDigital from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Monday, December 29th. Zacks Research downgraded shares of InterDigital from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 21st. UBS Group set a $425.00 price target on shares of InterDigital in a report on Monday, December 1st. Jefferies Financial Group set a $475.00 price objective on shares of InterDigital and gave the stock a “buy” rating in a research note on Thursday, October 30th. Finally, Roth Mkm reiterated a “buy” rating on shares of InterDigital in a research report on Tuesday, January 20th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has a consensus 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.