Rajesh Pankaj Sells 1,000 Shares of InterDigital (NASDAQ:IDCC) Stock

InterDigital, Inc. (NASDAQ:IDCC) CTO Rajesh Pankaj sold 1,000 shares of the business’s stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $368.10, for a total value of $368,100.00. Following the sale, the chief technology officer owned 60,196 shares in the company, valued at approximately $22,158,147.60. The trade was a 1.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Thursday, February 5th, Rajesh Pankaj sold 1,000 shares of InterDigital stock. The stock was sold at an average price of $326.26, for a total transaction of $326,260.00.
• On Monday, January 5th, Rajesh Pankaj sold 1,000 shares of InterDigital stock. The stock was sold at an average price of $326.75, for a total value of $326,750.00.

InterDigital Stock Down 2.6%

Shares of NASDAQ IDCC opened at $363.74 on Friday. The stock has a market capitalization of $9.34 billion, a P/E ratio of 30.49 and a beta of 1.57. The firm’s 50 day simple moving average is $339.93 and its two-hundred day simple moving average is $338.22. InterDigital, Inc. has a one year low of $180.60 and a one year high of $412.60. 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 released its quarterly earnings data on Thursday, February 5th. The Wireless communications provider reported $2.12 EPS for the quarter, topping the consensus estimate of $1.65 by $0.47. InterDigital had a return on equity of 41.09% and a net margin of 48.76%.The firm had revenue of $158.23 million for the quarter, compared to the consensus estimate of $155.57 million. During the same quarter in the previous year, the business earned $5.15 earnings per share. The company’s quarterly revenue was down 37.4% on a year-over-year basis. InterDigital has set its Q1 2026 guidance at 2.390-2.680 EPS. As a group, analysts expect that InterDigital, Inc. will post 9.21 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on IDCC. Zacks Research lowered shares of InterDigital from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. UBS Group set a $425.00 price objective on InterDigital in a research note on Monday, December 1st. Roth Mkm restated a “buy” rating on shares of InterDigital in a research report on Tuesday, January 20th. Wall Street Zen lowered shares of InterDigital from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. Finally, Weiss Ratings lowered shares of InterDigital from a “buy (a-)” rating to a “buy (b+)” rating in a report on Monday, December 29th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently 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 added to or reduced their stakes in IDCC. Caitong International Asset Management Co. Ltd raised its holdings in shares of InterDigital by 431.1% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 239 shares of the Wireless communications provider’s stock worth $76,000 after acquiring an additional 194 shares during the period. Pacer Advisors Inc. raised its stake in InterDigital by 2,700.1% during the 4th quarter. Pacer Advisors Inc. now owns 68,659 shares of the Wireless communications provider’s stock worth $21,860,000 after acquiring an additional 66,207 shares in the last quarter. Invesco Ltd. grew its position in shares of InterDigital by 24.8% during the fourth quarter. Invesco Ltd. now owns 450,863 shares of the Wireless communications provider’s stock worth $143,546,000 after acquiring an additional 89,647 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its stake in InterDigital by 10.0% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 3,483 shares of the Wireless communications provider’s stock valued at $1,109,000 after acquiring an additional 316 shares during the last quarter. Finally, First Citizens Bank & Trust Co. acquired a new position in InterDigital in the 4th quarter valued at $940,000. Hedge funds and other institutional investors own 99.83% of the company’s stock.

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.