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

InterDigital, Inc. (NASDAQ:IDCC) Director Jean Rankin sold 365 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $276.64, for a total value of $100,973.60. Following the completion of the sale, the director directly owned 28,938 shares of the company’s stock, valued at $8,005,408.32. This represents a 1.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

InterDigital Trading Up 1.8%

Shares of IDCC opened at $288.87 on Tuesday. The business has a 50-day moving average of $299.94 and a 200 day moving average of $325.77. InterDigital, Inc. has a fifty-two week low of $213.06 and a fifty-two week high of $412.60. The firm has a market cap of $7.46 billion, a P/E ratio of 27.20 and a beta of 1.43. 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 earnings results on Thursday, April 30th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.54 by $0.03. InterDigital had a net margin of 44.20% and a return on equity of 35.25%. The business had revenue of $205.42 million for the quarter, compared to analysts’ expectations of $196.85 million. During the same quarter in the previous year, the firm posted $3.45 EPS. The business’s revenue for the quarter was down 2.4% compared to the same quarter last year. InterDigital has set its Q2 2026 guidance at 1.410-1.600 EPS and its FY 2026 guidance at 8.740-11.840 EPS. As a group, research analysts forecast that InterDigital, Inc. will post 7.41 EPS for the current year.

InterDigital Announces Dividend

The business also recently declared 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 is Wednesday, July 8th. This represents a $2.80 annualized dividend and a dividend yield of 1.0%. InterDigital’s dividend payout ratio is currently 26.37%.

Analyst Ratings Changes

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

Institutional Trading of InterDigital

A number of large investors have recently modified their holdings of the business. Kemnay Advisory Services Inc. purchased a new stake in InterDigital in the fourth quarter valued at approximately $26,000. Anchor Investment Management LLC bought a new stake in InterDigital during the first quarter valued at approximately $30,000. Aster Capital Management DIFC Ltd grew its stake in InterDigital by 186.8% in the 3rd quarter. Aster Capital Management DIFC Ltd now owns 109 shares of the Wireless communications provider’s stock worth $38,000 after buying an additional 71 shares in the last quarter. Leonteq Securities AG purchased a new position in InterDigital in the 4th quarter worth approximately $35,000. Finally, Financial Consulate Inc. bought a new position in shares of InterDigital in the 4th quarter worth $41,000. Institutional investors own 99.83% of the company’s stock.

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.