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

InterDigital, Inc. (NASDAQ:IDCC) CTO Rajesh Pankaj sold 1,500 shares of InterDigital stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $324.88, for a total value of $487,320.00. Following the sale, the chief technology officer directly owned 66,516 shares in the company, valued at $21,609,718.08. The trade was a 2.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, July 6th, Rajesh Pankaj sold 1,500 shares of InterDigital stock. The shares were sold at an average price of $286.00, for a total transaction of $429,000.00.
• On Thursday, June 11th, Rajesh Pankaj sold 1,500 shares of InterDigital stock. The stock was sold at an average price of $290.00, for a total transaction of $435,000.00.
• 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.

InterDigital Price Performance

Shares of InterDigital stock opened at $328.41 on Friday. The stock has a market capitalization of $8.48 billion, a price-to-earnings ratio of 37.88 and a beta of 1.43. InterDigital, Inc. has a 1-year low of $249.14 and a 1-year high of $412.60. The firm’s 50-day moving average price is $275.84 and its two-hundred day moving average price is $311.31. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.01.

InterDigital (NASDAQ:IDCC) last issued its quarterly earnings data on Thursday, July 30th. The Wireless communications provider reported $4.62 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $3.72. InterDigital had a net margin of 38.32% and a return on equity of 28.17%. The firm had revenue of $260.17 million for the quarter, compared to analyst estimates of $143.10 million. During the same quarter in the prior year, the firm earned $6.52 EPS. The company’s revenue was down 13.4% on a year-over-year basis. InterDigital has set its FY 2026 guidance at 10.850-12.810 EPS and its Q3 2026 guidance at 1.940-2.130 EPS. On average, 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 was paid on Wednesday, July 22nd. Investors of record on Wednesday, July 8th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Wednesday, July 8th. InterDigital’s dividend payout ratio is currently 32.30%.

Hedge Funds Weigh In On InterDigital

Several institutional investors and hedge funds have recently made changes to their positions in IDCC. Kemnay Advisory Services Inc. bought a new stake in shares of InterDigital in the 4th quarter valued at $26,000. Anchor Investment Management LLC bought a new position in InterDigital during the first quarter worth about $30,000. Leonteq Securities AG acquired a new position in InterDigital in the fourth quarter valued at about $35,000. Financial Consulate Inc. acquired a new position in InterDigital in the fourth quarter valued at about $41,000. Finally, Hantz Financial Services Inc. increased its holdings 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 worth $43,000 after acquiring an additional 92 shares in the last quarter. Institutional investors and hedge funds own 99.83% of the company’s stock.

Analyst Ratings Changes

IDCC has been the topic of a number of recent analyst reports. Weiss Ratings cut InterDigital from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, June 12th. Zacks Research raised InterDigital from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and an average 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.