Insider Selling: InterDigital (NASDAQ:IDCC) Director Sells $120,000.00 in Stock

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

InterDigital Trading Down 0.3%

Shares of IDCC stock opened at $273.20 on Friday. The company has a market capitalization of $7.06 billion, a PE ratio of 25.73 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 business’s fifty day moving average is $291.86 and its 200 day moving average is $322.08. 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 announced its earnings results on Thursday, April 30th. The Wireless communications provider reported $2.57 earnings per share for the quarter, topping analysts’ consensus estimates of $2.54 by $0.03. InterDigital had a return on equity of 35.25% and a net margin of 44.20%.The business had revenue of $205.42 million for the quarter, compared to analyst estimates of $196.85 million. During the same period in the prior year, the company earned $3.45 EPS. The company’s quarterly 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 EPS for the current fiscal year.

InterDigital Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms have commented on IDCC. Jefferies Financial Group reissued a “buy” rating on shares of InterDigital in a research note on Wednesday, March 18th. Wall Street Zen upgraded shares of InterDigital from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, Weiss Ratings downgraded shares of InterDigital from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, June 12th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $416.67.

Institutional Trading of InterDigital

A number of hedge funds have recently bought and sold shares of the company. Pictet Asset Management Holding SA grew its holdings in shares of InterDigital by 293.5% in the fourth quarter. Pictet Asset Management Holding SA now owns 14,098 shares of the Wireless communications provider’s stock worth $4,489,000 after purchasing an additional 10,515 shares during the last quarter. Principal Financial Group Inc. raised its holdings in InterDigital by 4.6% during the 4th quarter. Principal Financial Group Inc. now owns 146,320 shares of the Wireless communications provider’s stock valued at $46,585,000 after buying an additional 6,494 shares during the last quarter. PFA Pension Forsikringsaktieselskab bought a new stake in InterDigital during the 4th quarter valued at $1,852,000. Inceptionr LLC purchased a new stake in InterDigital during the 3rd quarter valued at $1,101,000. Finally, Bernardo Wealth Planning LLC purchased a new stake in InterDigital during the 4th quarter valued at $1,230,000. Institutional investors own 99.83% of the company’s stock.

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.