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

InterDigital, Inc. (NASDAQ:IDCC) CTO Rajesh Pankaj sold 1,500 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $290.00, for a total value of $435,000.00. Following the transaction, the chief technology officer owned 69,476 shares in the company, valued at $20,148,040. This trade represents a 2.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 stock was sold at an average price of $258.38, for a total value 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 value of $469,950.00.

InterDigital Stock Performance

Shares of IDCC opened at $283.73 on Friday. InterDigital, Inc. has a 12-month low of $213.06 and a 12-month high of $412.60. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.88 and a quick ratio of 1.88. The business’s fifty day moving average price is $300.42 and its 200 day moving average price is $326.39. The stock has a market capitalization of $7.33 billion, a PE ratio of 26.72 and a beta of 1.43.

InterDigital (NASDAQ:IDCC) last issued its earnings results on Thursday, April 30th. The Wireless communications provider reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.54 by $0.03. InterDigital had a return on equity of 35.25% and a net margin of 44.20%.The firm had revenue of $205.42 million for the quarter, compared to analyst estimates of $196.85 million. During the same period last year, the company earned $3.45 earnings per share. The firm’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. Equities research analysts forecast that InterDigital, Inc. will post 7.41 EPS for the current year.

InterDigital Dividend Announcement

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Pictet Asset Management Holding SA boosted its stake in InterDigital by 293.5% during the fourth quarter. Pictet Asset Management Holding SA now owns 14,098 shares of the Wireless communications provider’s stock valued at $4,489,000 after buying an additional 10,515 shares in the last quarter. PFA Pension Forsikringsaktieselskab bought a new position in InterDigital during the fourth quarter valued at about $1,852,000. Principal Financial Group Inc. boosted its stake in InterDigital by 4.6% during the fourth 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 in the last quarter. Inceptionr LLC bought a new position in InterDigital during the third quarter valued at about $1,101,000. Finally, Bernardo Wealth Planning LLC bought a new position in InterDigital during the fourth quarter valued at about $1,230,000. 99.83% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have weighed in on IDCC shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of InterDigital in a research report on Friday, May 1st. Jefferies Financial Group reaffirmed a “buy” rating on shares of InterDigital in a research 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 research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $416.67.

Trending Headlines about 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?

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.