Insider Selling: InterDigital (NASDAQ:IDCC) CTO Sells 750 Shares of Stock

InterDigital, Inc. (NASDAQ:IDCC) CTO Rajesh Pankaj sold 750 shares of the company’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $258.38, for a total transaction of $193,785.00. Following the sale, the chief technology officer owned 70,976 shares of the company’s stock, valued at $18,338,778.88. This represents a 1.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, April 6th, Rajesh Pankaj sold 1,500 shares of InterDigital stock. The stock was sold at an average price of $313.30, for a total transaction of $469,950.00.

InterDigital Trading Down 1.9%

InterDigital stock traded down $5.04 during trading hours on Monday, reaching $255.60. The stock had a trading volume of 344,306 shares, compared to its average volume of 367,575. The stock has a market cap of $6.60 billion, a PE ratio of 24.07 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 current ratio of 1.88 and a quick ratio of 1.88. The company has a fifty day simple moving average of $303.95 and a 200-day simple moving average of $328.69.

InterDigital (NASDAQ:IDCC) last announced its quarterly earnings results on Thursday, April 30th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.54 by $0.03. The business had revenue of $205.42 million for the quarter, compared to analyst estimates of $196.85 million. InterDigital had a net margin of 44.20% and a return on equity of 35.25%. The company’s revenue was down 2.4% on a year-over-year basis. During the same quarter last year, the firm 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 forecast that InterDigital, Inc. will post 7.41 EPS for the current fiscal year.

InterDigital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 8th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, April 8th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.1%. InterDigital’s payout ratio is presently 26.37%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of IDCC. Kemnay Advisory Services Inc. purchased a new position in InterDigital during the 4th quarter valued at about $26,000. Anchor Investment Management LLC purchased a new position in InterDigital during the 1st quarter valued at about $30,000. Leonteq Securities AG purchased a new position in InterDigital during the 4th quarter valued at about $35,000. Aster Capital Management DIFC Ltd lifted its position in InterDigital by 186.8% during the 3rd quarter. Aster Capital Management DIFC Ltd now owns 109 shares of the Wireless communications provider’s stock valued at $38,000 after acquiring an additional 71 shares during the period. Finally, Financial Consulate Inc. purchased a new position in InterDigital during the 4th quarter valued at about $41,000. 99.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of InterDigital in a research note on Friday, May 1st. Wall Street Zen raised shares of InterDigital from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of InterDigital in a research note on Wednesday, March 18th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $416.67.

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.