InterDigital (NASDAQ:IDCC) Director Sells $100,973.60 in Stock

InterDigital, Inc. (NASDAQ:IDCC) Director John Kritzmacher sold 365 shares of the stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $276.64, for a total value of $100,973.60. Following the completion of the transaction, the director directly owned 16,359 shares in the company, valued at approximately $4,525,553.76. This represents a 2.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

InterDigital Trading Up 1.8%

Shares of NASDAQ:IDCC opened at $288.87 on Tuesday. The stock’s 50-day simple moving average is $299.94 and its two-hundred day simple moving average is $325.77. The stock has a market capitalization of $7.46 billion, a price-to-earnings ratio of 27.20 and a beta of 1.43. InterDigital, Inc. has a 52-week low of $213.06 and a 52-week high of $412.60. 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 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 firm had revenue of $205.42 million for 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%. The business’s quarterly revenue was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $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 expect that InterDigital, Inc. will post 7.41 EPS for the current year.

InterDigital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 8th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, July 8th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.0%. InterDigital’s payout ratio is presently 26.37%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on IDCC. Jefferies Financial Group reaffirmed a “buy” rating on shares of InterDigital in a report on Wednesday, March 18th. Wall Street Zen upgraded InterDigital from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, Weiss Ratings cut InterDigital from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $416.67.

Institutional Trading of InterDigital

A number of hedge funds and other institutional investors have recently modified their holdings of the company. NewEdge Advisors LLC raised its position in shares of InterDigital by 54.9% during the 1st quarter. NewEdge Advisors LLC now owns 9,239 shares of the Wireless communications provider’s stock valued at $2,790,000 after purchasing an additional 3,274 shares during the period. Bank of America Corp DE boosted its stake in shares of InterDigital by 31.3% in the first quarter. Bank of America Corp DE now owns 266,724 shares of the Wireless communications provider’s stock worth $80,551,000 after acquiring an additional 63,524 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of InterDigital by 58.8% in the first quarter. EverSource Wealth Advisors LLC now owns 397 shares of the Wireless communications provider’s stock worth $120,000 after acquiring an additional 147 shares during the period. California State Teachers Retirement System grew its position in shares of InterDigital by 18.6% during the first quarter. California State Teachers Retirement System now owns 30,175 shares of the Wireless communications provider’s stock worth $9,113,000 after purchasing an additional 4,737 shares in the last quarter. Finally, Royal Bank of Canada grew its position in shares of InterDigital by 375.7% during the first quarter. Royal Bank of Canada now owns 199,655 shares of the Wireless communications provider’s stock worth $60,297,000 after purchasing an additional 157,687 shares in the last quarter. 99.83% of the stock is owned by hedge funds and other institutional investors.

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.