Insider Selling: InterDigital (NASDAQ:IDCC) CTO Sells $507,000.00 in Stock

InterDigital, Inc. (NASDAQ:IDCC) CTO Rajesh Pankaj sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $338.00, for a total transaction of $507,000.00. Following the completion of the transaction, the chief technology officer owned 65,016 shares of the company’s stock, valued at $21,975,408. This trade represents a 2.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 Wednesday, August 5th, Rajesh Pankaj sold 1,500 shares of InterDigital stock. The stock was sold at an average price of $324.88, for a total transaction of $487,320.00.
• On Monday, July 6th, Rajesh Pankaj sold 1,500 shares of InterDigital stock. The stock was 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 shares were sold at an average price of $290.00, for a total transaction of $435,000.00.

InterDigital Price Performance

Shares of NASDAQ IDCC opened at $350.13 on Friday. The firm has a market cap of $9.04 billion, a PE ratio of 40.38 and a beta of 1.43. 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, Inc. has a 1-year low of $249.14 and a 1-year high of $412.60. The company has a fifty day moving average price of $310.29 and a 200 day moving average price of $310.95.

InterDigital (NASDAQ:IDCC) last released its earnings results on Thursday, July 30th. The Wireless communications provider reported $4.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $3.72. The firm had revenue of $260.17 million during the quarter, compared to analysts’ expectations of $143.10 million. InterDigital had a return on equity of 28.17% and a net margin of 38.32%.The company’s revenue was down 13.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $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. Research analysts predict that InterDigital, Inc. will post 9.76 earnings per share for the current fiscal year.

InterDigital Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Investors of record on Wednesday, October 14th will be given a $0.75 dividend. The ex-dividend date of this dividend is Wednesday, October 14th. This represents a $3.00 dividend on an annualized basis and a yield of 0.9%. This is a boost from InterDigital’s previous quarterly dividend of $0.70. InterDigital’s payout ratio is 32.30%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Weiss Ratings downgraded InterDigital from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Zacks Research raised shares of InterDigital from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $450.00.

Hedge Funds Weigh In On InterDigital

Hedge funds and other institutional investors have recently made changes to their positions in the company. Tidal Investments LLC increased its holdings in InterDigital by 19.0% during the second quarter. Tidal Investments LLC now owns 78,161 shares of the Wireless communications provider’s stock worth $22,130,000 after buying an additional 12,501 shares during the last quarter. Integrated Wealth Concepts LLC lifted its stake in InterDigital by 5.0% in the second quarter. Integrated Wealth Concepts LLC now owns 1,447 shares of the Wireless communications provider’s stock valued at $410,000 after acquiring an additional 69 shares during the last quarter. IFP Advisors Inc grew its position in shares of InterDigital by 3.7% in the 2nd quarter. IFP Advisors Inc now owns 1,292 shares of the Wireless communications provider’s stock valued at $366,000 after acquiring an additional 46 shares during the period. Nykredit A S bought a new position in shares of InterDigital in the 2nd quarter valued at about $259,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of InterDigital during the 2nd quarter worth about $2,534,000. 99.83% of the stock is owned by institutional investors.

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.