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

InterDigital, Inc. (NASDAQ:IDCC) CTO Rajesh Pankaj sold 1,500 shares of the stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $286.00, for a total value of $429,000.00. Following the completion of the sale, the chief technology officer directly owned 67,976 shares of the company’s stock, valued at approximately $19,441,136. The trade was a 2.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible 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 value of $435,000.00.
• On Friday, June 5th, Rajesh Pankaj sold 750 shares of InterDigital stock. The shares were sold at an average price of $258.38, for a total transaction of $193,785.00.

InterDigital Stock Down 2.4%

Shares of NASDAQ IDCC opened at $276.02 on Wednesday. The company’s 50 day moving average price is $277.43 and its 200-day moving average price is $318.02. 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, Inc. has a 52-week low of $213.06 and a 52-week high of $412.60. The company has a market capitalization of $7.13 billion, a P/E ratio of 25.99 and a beta of 1.42.

InterDigital (NASDAQ:IDCC) last posted its quarterly earnings data on Thursday, April 30th. The Wireless communications provider reported $2.57 earnings per share for the quarter, topping 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 net margin of 44.20% and a return on equity of 35.25%. InterDigital’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period in the prior year, the company posted $3.45 earnings per share. 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 forecast that InterDigital, Inc. will post 7.41 earnings per share for the current year.

InterDigital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors 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 annualized dividend and a dividend yield of 1.0%. InterDigital’s dividend payout ratio is presently 26.37%.

Institutional Investors Weigh In On InterDigital

Hedge funds have recently added to or reduced their stakes in the company. Kemnay Advisory Services Inc. acquired a new position in shares of InterDigital during the fourth quarter worth approximately $26,000. Anchor Investment Management LLC bought a new stake in InterDigital during the 1st quarter valued at $30,000. Leonteq Securities AG acquired a new position in InterDigital during the fourth quarter worth $35,000. Financial Consulate Inc. acquired a new position in InterDigital during the fourth quarter worth $41,000. Finally, Hantz Financial Services Inc. lifted its stake in shares of InterDigital by 219.0% in 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 and hedge funds own 99.83% of the company’s stock.

Wall Street Analyst Weigh In

IDCC has been the topic of several recent analyst reports. Jefferies Financial Group reissued a “buy” rating on shares of InterDigital in a research note on Wednesday, March 18th. Weiss Ratings downgraded shares of InterDigital from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, June 12th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.