InterDigital (NASDAQ:IDCC) CTO Sells $193,785.00 in Stock

InterDigital, Inc. (NASDAQ:IDCC) CTO Rajesh Pankaj sold 750 shares of InterDigital stock in a transaction that occurred 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 in the company, valued at $18,338,778.88. This represents a 1.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 shares were sold at an average price of $313.30, for a total transaction of $469,950.00.

InterDigital Stock Down 1.2%

Shares of NASDAQ:IDCC opened at $253.91 on Thursday. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.01. The company has a fifty day simple moving average of $301.38 and a 200 day simple moving average of $327.05. The firm has a market cap of $6.56 billion, a PE ratio of 23.91 and a beta of 1.43. InterDigital, Inc. has a 12-month low of $213.06 and a 12-month high of $412.60.

InterDigital (NASDAQ:IDCC) last issued 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 during 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 business’s revenue was down 2.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.45 earnings per share. 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 EPS for the current fiscal year.

InterDigital Dividend Announcement

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

Institutional Trading of InterDigital

Several institutional investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC increased its stake in InterDigital by 54.9% during the first quarter. NewEdge Advisors LLC now owns 9,239 shares of the Wireless communications provider’s stock valued at $2,790,000 after purchasing an additional 3,274 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of InterDigital by 31.3% during the first quarter. Bank of America Corp DE now owns 266,724 shares of the Wireless communications provider’s stock valued at $80,551,000 after acquiring an additional 63,524 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of InterDigital by 58.8% during the first quarter. EverSource Wealth Advisors LLC now owns 397 shares of the Wireless communications provider’s stock valued at $120,000 after acquiring an additional 147 shares during the period. California State Teachers Retirement System boosted its holdings in shares of InterDigital by 18.6% during the first quarter. California State Teachers Retirement System now owns 30,175 shares of the Wireless communications provider’s stock valued at $9,113,000 after acquiring an additional 4,737 shares during the period. Finally, Royal Bank of Canada boosted its holdings in shares of InterDigital by 375.7% during the first quarter. Royal Bank of Canada now owns 199,655 shares of the Wireless communications provider’s stock valued at $60,297,000 after acquiring an additional 157,687 shares during the period. Institutional investors own 99.83% of the company’s stock.

Wall Street Analysts Forecast Growth

IDCC has been the subject of a number of research analyst reports. Jefferies Financial Group restated a “buy” rating on shares of InterDigital in a research note on Wednesday, March 18th. Weiss Ratings restated a “buy (b)” rating on shares of InterDigital in a research note on Friday, May 1st. Finally, Wall Street Zen upgraded 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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.