Insider Selling: InterDigital (NASDAQ:IDCC) Director Sells 365 Shares of Stock

InterDigital, Inc. (NASDAQ:IDCC) Director John Kritzmacher sold 365 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $276.64, for a total transaction of $100,973.60. Following the completion of the sale, the director directly owned 16,359 shares in the company, valued at approximately $4,525,553.76. This trade represents a 2.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

InterDigital Stock Performance

Shares of NASDAQ:IDCC opened at $288.87 on Tuesday. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.01. The company has a 50-day moving average price of $299.94 and a 200-day moving average price of $325.77. The company has a market cap of $7.46 billion, a price-to-earnings ratio of 27.20 and a beta of 1.43. InterDigital, Inc. has a 12 month low of $213.06 and a 12 month high of $412.60.

InterDigital (NASDAQ:IDCC) last posted its earnings results on Thursday, April 30th. The Wireless communications provider reported $2.57 earnings per share (EPS) 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 company had revenue of $205.42 million for the quarter, compared to analysts’ expectations of $196.85 million. During the same period last year, the firm earned $3.45 earnings per share. InterDigital’s quarterly revenue 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. As a group, equities analysts anticipate that InterDigital, Inc. will post 7.41 EPS for the current year.

InterDigital Announces Dividend

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

Wall Street Analyst Weigh In

IDCC has been the subject of a number of recent analyst reports. Wall Street Zen upgraded InterDigital from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Weiss Ratings cut shares of InterDigital from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday. Finally, Jefferies Financial Group restated a “buy” rating on shares of InterDigital in a report on Wednesday, March 18th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $416.67.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in IDCC. Pictet Asset Management Holding SA lifted its position 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 purchasing an additional 10,515 shares during the period. PFA Pension Forsikringsaktieselskab bought a new stake in InterDigital in the 4th quarter worth approximately $1,852,000. Principal Financial Group Inc. grew its position in InterDigital by 4.6% in the 4th quarter. Principal Financial Group Inc. now owns 146,320 shares of the Wireless communications provider’s stock worth $46,585,000 after purchasing an additional 6,494 shares during the period. 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. Hedge funds and other 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.