InterDigital (NASDAQ:IDCC) CTO Rajesh Pankaj Sells 1,500 Shares of Stock

InterDigital, Inc. (NASDAQ:IDCC) CTO Rajesh Pankaj sold 1,500 shares of the firm’s stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $334.32, for a total value of $501,480.00. Following the sale, the chief technology officer directly owned 63,516 shares in the company, valued at approximately $21,234,669.12. This represents a 2.31% decrease in their ownership of the stock. 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 Tuesday, September 8th, Rajesh Pankaj sold 1,500 shares of InterDigital stock. The stock was sold at an average price of $338.00, for a total value of $507,000.00.
• On Wednesday, August 5th, Rajesh Pankaj sold 1,500 shares of InterDigital stock. The shares were sold at an average price of $324.88, for a total value of $487,320.00.

InterDigital Stock Up 0.3%

NASDAQ IDCC opened at $339.29 on Wednesday. The stock’s 50 day moving average is $332.75 and its 200 day moving average is $306.52. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.01. InterDigital, Inc. has a 12 month low of $249.14 and a 12 month high of $412.60. The stock has a market cap of $8.76 billion, a PE ratio of 39.13 and a beta of 1.43.

InterDigital (NASDAQ:IDCC) last posted its earnings results on Thursday, July 30th. The Wireless communications provider reported $4.62 earnings per share for the quarter, beating the consensus estimate of $0.90 by $3.72. The company had revenue of $260.17 million during the quarter, compared to analysts’ expectations of $143.10 million. InterDigital had a net margin of 38.32% and a return on equity of 28.17%. InterDigital’s quarterly revenue was down 13.4% on a year-over-year basis. 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. Research analysts predict that InterDigital, Inc. will post 9.52 EPS for the current fiscal year.

InterDigital Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Wednesday, October 14th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 0.9%. This is a positive change from InterDigital’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Wednesday, October 14th. InterDigital’s payout ratio is presently 32.30%.

Wall Street Analyst Weigh In

A number of research firms recently commented on IDCC. Zacks Research raised InterDigital from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. Weiss Ratings raised InterDigital from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, September 18th. One analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company. Based on data from MarketBeat.com, InterDigital has a consensus rating of “Buy” and an average price target of $450.00.

Institutional Investors Weigh In On InterDigital

A number of institutional investors and hedge funds have recently modified their holdings of the business. Keating Financial Advisory Services Inc. purchased a new stake in InterDigital in the second quarter worth $25,000. Anchor Investment Management LLC purchased a new stake in shares of InterDigital during the first quarter valued at $30,000. Polaris Financial Partners bought a new position in shares of InterDigital in the third quarter worth about $33,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of InterDigital by 431.1% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 239 shares of the Wireless communications provider’s stock worth $76,000 after purchasing an additional 194 shares during the last quarter. Finally, Allworth Financial LP purchased a new position in InterDigital in the 2nd quarter worth about $95,000. 99.83% of the stock is owned by institutional investors.

About InterDigital

InterDigital, Inc is a research and development company that designs and develops advanced wireless, video and related technologies. Its work supports cellular communications, including 2G, 3G, 4G and 5G networks, as well as Wi-Fi, video coding, artificial intelligence and other connected-device applications. The company’s technologies are incorporated into mobile phones, network equipment, consumer electronics and other wireless products.

InterDigital primarily commercializes its innovations through a patent-licensing business.