Rajesh Pankaj Sells 1,500 Shares of InterDigital (NASDAQ:IDCC) Stock

InterDigital, Inc. (NASDAQ:IDCC) CTO Rajesh Pankaj sold 1,500 shares of the stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $290.00, for a total value of $435,000.00. Following the completion of the transaction, the chief technology officer directly owned 69,476 shares in the company, valued at approximately $20,148,040. This represents a 2.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 value of $193,785.00.
• On Monday, April 6th, Rajesh Pankaj sold 1,500 shares of InterDigital stock. The shares were sold at an average price of $313.30, for a total value of $469,950.00.

InterDigital Trading Up 2.6%

IDCC stock traded up $7.07 during trading on Friday, hitting $283.73. 611,098 shares of the company traded hands, compared to its average volume of 374,974. The firm has a market capitalization of $7.33 billion, a PE ratio of 26.72 and a beta of 1.43. InterDigital, Inc. has a 1 year low of $213.06 and a 1 year high of $412.60. The company has a 50-day moving average of $300.87 and a 200-day moving average of $326.69. 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 (NASDAQ:IDCC) last issued its earnings results 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 company had revenue of $205.42 million during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the prior year, the business posted $3.45 EPS. InterDigital has set its Q2 2026 guidance at 1.410-1.600 EPS and its FY 2026 guidance at 8.740-11.840 EPS. Analysts predict that InterDigital, Inc. will post 7.41 earnings per share for the current fiscal year.

InterDigital Dividend Announcement

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

Institutional Trading of InterDigital

Institutional investors and hedge funds have recently bought and sold shares of the stock. Kemnay Advisory Services Inc. purchased a new stake in InterDigital in the fourth quarter worth about $26,000. Anchor Investment Management LLC purchased a new stake in InterDigital in the first quarter worth about $30,000. Leonteq Securities AG purchased a new stake in InterDigital in the fourth quarter worth about $35,000. Aster Capital Management DIFC Ltd lifted its holdings in InterDigital by 186.8% in 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 period. Finally, Financial Consulate Inc. purchased a new stake in InterDigital in the fourth quarter worth about $41,000. 99.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on IDCC shares. Weiss Ratings restated a “buy (b)” rating on shares of InterDigital in a report on Friday, May 1st. Jefferies Financial Group restated a “buy” rating on shares of InterDigital in a report on Wednesday, March 18th. Finally, Wall Street Zen upgraded shares of InterDigital from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.