InterDigital (NASDAQ:IDCC) CTO Sells $368,100.00 in Stock

InterDigital, Inc. (NASDAQ:IDCC) CTO Rajesh Pankaj sold 1,000 shares of the stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $368.10, for a total transaction of $368,100.00. Following the completion of the transaction, the chief technology officer directly owned 60,196 shares of the company’s stock, valued at approximately $22,158,147.60. The trade was a 1.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Rajesh Pankaj also recently made the following trade(s):

• On Thursday, February 5th, Rajesh Pankaj sold 1,000 shares of InterDigital stock. The stock was sold at an average price of $326.26, for a total transaction of $326,260.00.
• On Monday, January 5th, Rajesh Pankaj sold 1,000 shares of InterDigital stock. The stock was sold at an average price of $326.75, for a total value of $326,750.00.

InterDigital Price Performance

Shares of IDCC opened at $357.06 on Monday. The company has a market capitalization of $9.17 billion, a P/E ratio of 29.93 and a beta of 1.57. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.01. InterDigital, Inc. has a twelve month low of $180.60 and a twelve month high of $412.60. The firm has a 50 day moving average of $340.46 and a 200 day moving average of $339.93.

InterDigital (NASDAQ:IDCC) last issued its quarterly earnings data on Thursday, February 5th. The Wireless communications provider reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.65 by $0.47. InterDigital had a net margin of 48.76% and a return on equity of 41.09%. The company had revenue of $158.23 million for the quarter, compared to the consensus estimate of $155.57 million. During the same quarter in the prior year, the firm earned $5.15 earnings per share. The firm’s revenue for the quarter was down 37.4% compared to the same quarter last year. InterDigital has set its Q1 2026 guidance at 2.390-2.680 EPS. As a group, equities research analysts anticipate that InterDigital, Inc. will post 9.21 earnings per share for the current fiscal year.

Hedge Funds Weigh In On InterDigital

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IDCC. Kemnay Advisory Services Inc. purchased a new stake in InterDigital in the 4th quarter valued at about $26,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of InterDigital in the 2nd quarter valued at approximately $28,000. Root Financial Partners LLC acquired a new position in shares of InterDigital during the 3rd quarter worth about $30,000. Leonteq Securities AG acquired a new stake in InterDigital during the 4th quarter worth $35,000. Finally, Aster Capital Management DIFC Ltd increased its holdings in shares of InterDigital by 186.8% in the 3rd quarter. Aster Capital Management DIFC Ltd now owns 109 shares of the Wireless communications provider’s stock valued at $38,000 after acquiring an additional 71 shares during the period. Institutional investors and hedge funds own 99.83% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Roth Mkm restated a “buy” rating on shares of InterDigital in a report on Tuesday, January 20th. Wall Street Zen raised shares of InterDigital from a “sell” rating to a “hold” rating in a research note on Saturday. Zacks Research lowered InterDigital from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 21st. UBS Group set a $425.00 price objective on shares of InterDigital in a research note on Monday, December 1st. Finally, Weiss Ratings lowered InterDigital from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Monday, December 29th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $416.67.

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.