InterDigital (NASDAQ:IDCC) CTO Sells $326,260.00 in Stock

InterDigital, Inc. (NASDAQ:IDCC) CTO Rajesh Pankaj sold 1,000 shares of the stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $326.26, for a total value of $326,260.00. Following the completion of the transaction, the chief technology officer directly owned 61,196 shares in the company, valued at $19,965,806.96. This trade represents a 1.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Monday, January 5th, Rajesh Pankaj sold 1,000 shares of InterDigital stock. The shares were sold at an average price of $326.75, for a total value of $326,750.00.

InterDigital Trading Up 1.5%

NASDAQ:IDCC traded up $5.52 on Monday, hitting $376.60. 339,945 shares of the stock were exchanged, compared to its average volume of 295,273. The stock has a fifty day moving average of $331.39 and a 200-day moving average of $324.59. The stock has a market cap of $9.67 billion, a PE ratio of 31.57 and a beta of 1.58. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.01. InterDigital, Inc. has a fifty-two week low of $180.60 and a fifty-two week high of $412.60.

InterDigital (NASDAQ:IDCC) last issued its earnings results on Thursday, February 5th. The Wireless communications provider reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.65 by $0.47. InterDigital had a return on equity of 41.09% and a net margin of 48.76%.The business had revenue of $158.23 million during the quarter, compared to analysts’ expectations of $155.57 million. During the same quarter in the previous year, the business earned $5.15 EPS. The company’s revenue for the quarter was down 37.4% on a year-over-year basis. InterDigital has set its Q1 2026 guidance at 2.390-2.680 EPS. As a group, equities analysts expect that InterDigital, Inc. will post 9.21 earnings per share for the current fiscal year.

InterDigital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 28th. Stockholders of record on Wednesday, January 14th were given a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, January 14th. This represents a $2.80 annualized dividend and a dividend yield of 0.7%. InterDigital’s dividend payout ratio is presently 23.47%.

Wall Street Analyst Weigh In

IDCC has been the subject of several recent research reports. Jefferies Financial Group set a $475.00 price target on InterDigital and gave the company a “buy” rating in a report on Thursday, October 30th. Weiss Ratings downgraded InterDigital from a “buy (a-)” rating to a “buy (b+)” rating in a report on Monday, December 29th. UBS Group set a $425.00 price target on InterDigital in a report on Monday, December 1st. Roth Mkm reaffirmed a “buy” rating on shares of InterDigital in a research report on Tuesday, January 20th. Finally, Zacks Research cut shares of InterDigital from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 21st. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $416.67.

Hedge Funds Weigh In On InterDigital

Several institutional investors and hedge funds have recently made changes to their positions in IDCC. Geode Capital Management LLC increased its stake in shares of InterDigital by 1.9% in the second quarter. Geode Capital Management LLC now owns 658,877 shares of the Wireless communications provider’s stock worth $148,103,000 after buying an additional 12,223 shares during the last quarter. Reinhart Partners LLC. grew its holdings in InterDigital by 0.7% during the 3rd quarter. Reinhart Partners LLC. now owns 412,346 shares of the Wireless communications provider’s stock worth $142,360,000 after acquiring an additional 3,030 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of InterDigital by 18.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 368,323 shares of the Wireless communications provider’s stock worth $127,202,000 after purchasing an additional 58,660 shares during the last quarter. Invesco Ltd. raised its stake in shares of InterDigital by 12.6% in the 3rd quarter. Invesco Ltd. now owns 361,216 shares of the Wireless communications provider’s stock valued at $124,703,000 after purchasing an additional 40,335 shares in the last quarter. Finally, Congress Asset Management Co. lifted its position in shares of InterDigital by 2.7% during the third quarter. Congress Asset Management Co. now owns 353,017 shares of the Wireless communications provider’s stock worth $121,872,000 after purchasing an additional 9,265 shares during the last quarter. 99.83% of the stock is currently owned by hedge funds and other institutional investors.

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.