InterDigital (NASDAQ:IDCC) Director John Jr. Markley Sells 400 Shares

InterDigital, Inc. (NASDAQ:IDCC) Director John Jr. Markley sold 400 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $300.00, for a total transaction of $120,000.00. Following the completion of the transaction, the director directly owned 11,735 shares of the company’s stock, valued at approximately $3,520,500. This represents a 3.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

InterDigital Price Performance

Shares of NASDAQ:IDCC opened at $279.17 on Wednesday. The company’s fifty day moving average price is $295.00 and its 200-day moving average price is $323.20. 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 firm has a market capitalization of $7.21 billion, a price-to-earnings ratio of 26.29 and a beta of 1.43. InterDigital, Inc. has a one year low of $213.06 and a one year high of $412.60.

InterDigital (NASDAQ:IDCC) last posted its quarterly earnings data 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. InterDigital had a net margin of 44.20% and a return on equity of 35.25%. The company had revenue of $205.42 million during the quarter, compared to the consensus estimate of $196.85 million. During the same period in the previous year, the firm posted $3.45 EPS. The firm’s revenue 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. On average, equities research analysts anticipate that InterDigital, Inc. will post 7.41 earnings per share for the current fiscal year.

InterDigital Announces Dividend

The company also recently disclosed 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 26.37%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Jefferies Financial Group restated a “buy” rating on shares of InterDigital in a research report on Wednesday, March 18th. Weiss Ratings cut shares of InterDigital from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, June 12th. Finally, Wall Street Zen raised shares of InterDigital from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Four research 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.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $416.67.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of IDCC. Pictet Asset Management Holding SA grew its position in InterDigital by 293.5% during the 4th quarter. Pictet Asset Management Holding SA now owns 14,098 shares of the Wireless communications provider’s stock worth $4,489,000 after acquiring an additional 10,515 shares during the last quarter. Principal Financial Group Inc. increased its stake in InterDigital by 4.6% in the 4th quarter. Principal Financial Group Inc. now owns 146,320 shares of the Wireless communications provider’s stock worth $46,585,000 after purchasing an additional 6,494 shares during the period. PFA Pension Forsikringsaktieselskab bought a new stake in InterDigital in the fourth quarter valued at approximately $1,852,000. Inceptionr LLC bought a new stake in InterDigital in the third quarter valued at approximately $1,101,000. Finally, Bernardo Wealth Planning LLC purchased a new stake in shares of InterDigital during the fourth quarter valued at approximately $1,230,000. 99.83% of the stock is owned by institutional investors.

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.