Insider Selling: InterDigital (NASDAQ:IDCC) CTO Sells $435,000.00 in Stock

InterDigital, Inc. (NASDAQ:IDCC) CTO Rajesh Pankaj sold 1,500 shares of the company’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $290.00, for a total transaction of $435,000.00. Following the completion of the transaction, the chief technology officer owned 69,476 shares in the company, valued at approximately $20,148,040. The trade was a 2.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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 Friday, June 5th, Rajesh Pankaj sold 750 shares of InterDigital stock. The shares were sold at an average price of $258.38, for a total transaction of $193,785.00.
• 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 Stock Performance

Shares of NASDAQ IDCC opened at $283.73 on Monday. The firm’s 50 day moving average price is $300.42 and its 200-day moving average price is $326.26. The company has a market cap of $7.33 billion, a PE ratio of 26.72 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 quick ratio of 1.88 and a current ratio of 1.88.

InterDigital (NASDAQ:IDCC) last posted its quarterly earnings results on Thursday, April 30th. The Wireless communications provider reported $2.57 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 firm had revenue of $205.42 million for the quarter, compared to analysts’ expectations of $196.85 million. During the same quarter in the prior year, the company posted $3.45 earnings per share. The business’s revenue for the quarter was down 2.4% on a year-over-year basis. 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 expect that InterDigital, Inc. will post 7.41 EPS for the current fiscal year.

InterDigital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 8th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, July 8th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.0%. InterDigital’s dividend payout ratio (DPR) is presently 26.37%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on IDCC shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of InterDigital in a report on Friday, May 1st. Jefferies Financial Group reiterated a “buy” rating on shares of InterDigital in a report on Wednesday, March 18th. Finally, Wall Street Zen raised InterDigital from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Four equities research 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 an average rating of “Moderate Buy” and an average price target of $416.67.

Institutional Investors Weigh In On InterDigital

A number of hedge funds have recently modified their holdings of the business. Price T Rowe Associates Inc. MD raised its holdings in InterDigital by 62.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,222,111 shares of the Wireless communications provider’s stock worth $707,477,000 after purchasing an additional 854,845 shares during the period. Norges Bank bought a new position in shares of InterDigital in the fourth quarter worth about $128,918,000. Royal Bank of Canada raised its stake in shares of InterDigital by 375.7% in the first quarter. Royal Bank of Canada now owns 199,655 shares of the Wireless communications provider’s stock worth $60,297,000 after buying an additional 157,687 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in shares of InterDigital by 135.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 219,388 shares of the Wireless communications provider’s stock valued at $66,255,000 after buying an additional 126,328 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of InterDigital by 18.6% during the 4th quarter. Geode Capital Management LLC now owns 787,546 shares of the Wireless communications provider’s stock valued at $251,250,000 after acquiring an additional 123,686 shares during the period. Institutional investors own 99.83% of the company’s stock.

Key Stories Impacting InterDigital

Here are the key news stories impacting InterDigital this week:

• Positive Sentiment: InterDigital announced a new patent license agreement with Amazon covering video services and devices, including Amazon Prime Video. This is a meaningful validation of InterDigital’s streaming/video IP portfolio and should support royalty revenue going forward. InterDigital and Amazon enter into new video services and devices license agreement
• Positive Sentiment: Analysts reacted favorably to the Amazon deal, with coverage calling InterDigital a buy and highlighting the agreement as a strong catalyst for the stock. InterDigital is a buy, this analyst says
• Positive Sentiment: The company also declared a regular quarterly cash dividend of $0.70 per share, underscoring shareholder returns and financial strength. InterDigital Declares Regular Quarterly Cash Dividend
• Neutral Sentiment: InterDigital CTO Rajesh Pankaj sold 1,500 shares under a pre-arranged 10b5-1 trading plan. While insider sales can draw attention, the transaction was small relative to his remaining stake and appears routine. SEC Form 4 filing
• Negative Sentiment: Zacks noted that despite the recent surge, rising earnings estimate revisions may not fully support continued upside in the near term, suggesting some caution after the sharp move. InterDigital (IDCC) Moves 9.0% Higher: Will This Strength Last?

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.