Insider Selling: InterDigital (NASDAQ:IDCC) Director Sells $99,318.00 in Stock

InterDigital, Inc. (NASDAQ:IDCC) Director Joan Gillman sold 300 shares of the stock in a transaction on Friday, August 7th. The shares were sold at an average price of $331.06, for a total transaction of $99,318.00. Following the completion of the sale, the director directly owned 22,736 shares in the company, valued at approximately $7,526,980.16. This represents a 1.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

InterDigital Price Performance

IDCC opened at $344.56 on Monday. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.01. The business’s fifty day simple moving average is $277.69 and its 200-day simple moving average is $311.56. The company has a market capitalization of $8.89 billion, a price-to-earnings ratio of 39.74 and a beta of 1.43. InterDigital, Inc. has a 12-month low of $249.14 and a 12-month high of $412.60.

InterDigital (NASDAQ:IDCC) last issued its quarterly earnings data on Thursday, July 30th. The Wireless communications provider reported $4.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $3.72. The company had revenue of $260.17 million for the quarter, compared to analyst estimates of $143.10 million. InterDigital had a net margin of 38.32% and a return on equity of 28.17%. InterDigital’s revenue was down 13.4% compared to the same quarter last year. During the same period last year, the company posted $6.52 earnings per share. InterDigital has set its FY 2026 guidance at 10.850-12.810 EPS and its Q3 2026 guidance at 1.940-2.130 EPS. On average, equities research analysts anticipate that InterDigital, Inc. will post 7.41 earnings per share for the current fiscal year.

InterDigital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 22nd. Investors of record on Wednesday, July 8th were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Wednesday, July 8th. InterDigital’s dividend payout ratio is 32.30%.

Hedge Funds Weigh In On InterDigital

A number of large investors have recently added to or reduced their stakes in IDCC. Price T Rowe Associates Inc. MD grew its position in shares of InterDigital by 62.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,222,111 shares of the Wireless communications provider’s stock valued at $707,477,000 after purchasing an additional 854,845 shares during the period. Geode Capital Management LLC lifted its position in shares of InterDigital by 18.6% in the fourth 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 in the last quarter. Reinhart Partners LLC. boosted its stake in shares of InterDigital by 9.0% in the second quarter. Reinhart Partners LLC. now owns 460,404 shares of the Wireless communications provider’s stock worth $130,359,000 after acquiring an additional 38,115 shares during the last quarter. Invesco Ltd. grew its holdings in shares of InterDigital by 24.8% during the fourth quarter. Invesco Ltd. now owns 450,863 shares of the Wireless communications provider’s stock worth $143,546,000 after buying an additional 89,647 shares in the last quarter. Finally, Norges Bank acquired a new stake in InterDigital in the 4th quarter valued at about $128,918,000. 99.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

IDCC has been the topic of several analyst reports. Zacks Research upgraded InterDigital from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. Weiss Ratings lowered InterDigital from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target 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.