InterDigital (NASDAQ:IDCC) CTO Rajesh Pankaj Sells 1,000 Shares

InterDigital, Inc. (NASDAQ:IDCC) CTO Rajesh Pankaj sold 1,000 shares of the stock in a transaction on Monday, October 6th. The stock was sold at an average price of $338.08, for a total value of $338,080.00. Following the sale, the chief technology officer owned 65,122 shares of the company’s stock, valued at approximately $22,016,445.76. This represents a 1.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

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

• On Friday, September 5th, Rajesh Pankaj sold 1,000 shares of InterDigital stock. The stock was sold at an average price of $289.78, for a total value of $289,780.00.
• On Wednesday, August 20th, Rajesh Pankaj sold 1,000 shares of InterDigital stock. The shares were sold at an average price of $261.03, for a total value of $261,030.00.

InterDigital Price Performance

NASDAQ IDCC opened at $340.87 on Wednesday. InterDigital, Inc. has a fifty-two week low of $143.31 and a fifty-two week high of $361.56. The stock’s 50-day moving average is $297.40 and its two-hundred day moving average is $243.50. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.96 and a quick ratio of 1.96. The firm has a market cap of $8.79 billion, a P/E ratio of 24.30, a price-to-earnings-growth ratio of 1.66 and a beta of 1.44.

InterDigital (NASDAQ:IDCC) last posted its earnings results on Thursday, July 31st. The Wireless communications provider reported $6.52 earnings per share for the quarter, beating the consensus estimate of $2.77 by $3.75. InterDigital had a return on equity of 53.44% and a net margin of 51.92%.The company had revenue of $300.60 million for the quarter, compared to analyst estimates of $167.93 million. During the same period last year, the company earned $4.57 earnings per share. The business’s revenue was up 34.5% compared to the same quarter last year. InterDigital has set its FY 2025 guidance at 14.170-14.770 EPS. Q3 2025 guidance at 1.520-1.720 EPS. On average, analysts anticipate that InterDigital, Inc. will post 9.21 earnings per share for the current fiscal year.

InterDigital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 8th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 0.8%. This is an increase from InterDigital’s previous quarterly dividend of $0.60. The ex-dividend date is Wednesday, October 8th. InterDigital’s dividend payout ratio is 17.11%.

Analysts Set New Price Targets

Several equities analysts have weighed in on IDCC shares. William Blair restated an “outperform” rating on shares of InterDigital in a report on Monday, September 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of InterDigital in a research report on Saturday, September 27th. Roth Capital raised their price target on InterDigital from $270.00 to $350.00 and gave the company a “buy” rating in a research report on Friday, September 12th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $340.00 price target on shares of InterDigital in a research report on Monday, September 29th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $345.00.

Institutional Investors Weigh In On InterDigital

Institutional investors have recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. boosted its holdings in shares of InterDigital by 0.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 11,649 shares of the Wireless communications provider’s stock worth $4,022,000 after acquiring an additional 63 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of InterDigital by 5.3% in the 3rd quarter. GAMMA Investing LLC now owns 1,997 shares of the Wireless communications provider’s stock worth $689,000 after acquiring an additional 101 shares in the last quarter. Rydar Equities Inc. acquired a new position in shares of InterDigital in the 2nd quarter worth approximately $226,000. Corient Private Wealth LLC boosted its holdings in shares of InterDigital by 4.2% in the 2nd quarter. Corient Private Wealth LLC now owns 6,955 shares of the Wireless communications provider’s stock worth $1,559,000 after acquiring an additional 281 shares in the last quarter. Finally, Osaic Holdings Inc. boosted its holdings in shares of InterDigital by 22.8% in the 2nd quarter. Osaic Holdings Inc. now owns 21,245 shares of the Wireless communications provider’s stock worth $4,753,000 after acquiring an additional 3,949 shares in the last quarter. 99.83% of the stock is owned by institutional investors and hedge funds.

InterDigital Company Profile

InterDigital, Inc operates as a global research and development company with focus primarily on wireless, visual, artificial intelligence (AI), and related technologies. The company engages in the design and development of technologies that enable connected in a range of communications and entertainment products and services, which are licensed to companies providing such products and services, including makers of wireless communications, consumer electronics, IoT devices, and cars and other motor vehicles, as well as providers of cloud-based services, such as video streaming.