InterDigital, Inc. (IDCC) To Go Ex-Dividend on October 14th

InterDigital, Inc. (NASDAQ:IDCC) declared a quarterly dividend on Wednesday, September 9th. Stockholders of record on Wednesday, October 14th will be given a dividend of 0.75 per share by the Wireless communications provider on Wednesday, October 28th. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Wednesday, October 14th. This is a 7.1% increase from InterDigital’s previous quarterly dividend of $0.70.

InterDigital has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 3 consecutive years. InterDigital has a dividend payout ratio of 42.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect InterDigital to earn $9.02 per share next year, which means the company should continue to be able to cover its $2.80 annual dividend with an expected future payout ratio of 31.0%.

InterDigital Price Performance

Shares of InterDigital stock opened at $346.44 on Friday. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $8.94 billion, a PE ratio of 39.96 and a beta of 1.43. The business’s 50-day moving average price is $308.92 and its 200-day moving average price is $310.67. InterDigital has a 12 month low of $249.14 and a 12 month high of $412.60.

InterDigital (NASDAQ:IDCC) last released its earnings results on Thursday, July 30th. The Wireless communications provider reported $4.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $3.72. The company had revenue of $260.17 million during the quarter, compared to the consensus estimate of $143.10 million. InterDigital had a return on equity of 28.17% and a net margin of 38.32%.InterDigital’s quarterly revenue was down 13.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.52 EPS. InterDigital has set its FY 2026 guidance at 10.850-12.810 EPS and its Q3 2026 guidance at 1.940-2.130 EPS. Sell-side analysts forecast that InterDigital will post 9.76 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CTO Rajesh Pankaj sold 1,500 shares of the stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $338.00, for a total transaction of $507,000.00. Following the completion of the sale, the chief technology officer owned 65,016 shares in the company, valued at approximately $21,975,408. This trade represents a 2.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John Markley, Jr. sold 400 shares of InterDigital stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $300.00, for a total transaction of $120,000.00. Following the completion of the sale, the director owned 11,735 shares in the company, valued at approximately $3,520,500. This represents a 3.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 5,200 shares of company stock worth $1,642,638. Company insiders own 3.50% of the company’s stock.

Hedge Funds Weigh In On InterDigital

Hedge funds and other institutional investors have recently made changes to their positions in the company. California State Teachers Retirement System raised its stake in shares of InterDigital by 27,779.5% in the second quarter. California State Teachers Retirement System now owns 8,412,642 shares of the Wireless communications provider’s stock worth $2,381,871,000 after purchasing an additional 8,382,467 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in InterDigital by 62.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,222,111 shares of the Wireless communications provider’s stock valued at $707,477,000 after acquiring an additional 854,845 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of InterDigital by 18.6% in 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. Reinhart Partners LLC. grew its holdings in shares of InterDigital by 9.0% during the second quarter. Reinhart Partners LLC. now owns 460,404 shares of the Wireless communications provider’s stock worth $130,359,000 after purchasing an additional 38,115 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of InterDigital by 24.8% during the 4th quarter. Invesco Ltd. now owns 450,863 shares of the Wireless communications provider’s stock valued at $143,546,000 after buying an additional 89,647 shares in the last quarter. Institutional investors own 99.83% of the company’s stock.

About InterDigital

InterDigital, Inc is a wireless technology research and development company that designs and develops advanced technologies used in mobile and other connected devices. Its work spans cellular communications, including 2G, 3G, 4G LTE and 5G, as well as wireless connectivity, video technologies and the Internet of Things.

The company primarily generates revenue by licensing its intellectual property to manufacturers of wireless products and other technology companies. Its portfolio includes patents and technical contributions related to wireless standards, network performance, spectrum efficiency, device connectivity and multimedia communications.