Rajesh Pankaj Sells 750 Shares of InterDigital (NASDAQ:IDCC) Stock

InterDigital, Inc. (NASDAQ:IDCC) CTO Rajesh Pankaj sold 750 shares of the business’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $258.38, for a total transaction of $193,785.00. Following the sale, the chief technology officer directly owned 70,976 shares of the company’s stock, valued at $18,338,778.88. This represents a 1.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 transaction of $469,950.00.

InterDigital Stock Up 0.6%

NASDAQ:IDCC opened at $257.11 on Wednesday. InterDigital, Inc. has a 1-year low of $213.06 and a 1-year high of $412.60. The company has a 50-day moving average of $302.20 and a 200 day moving average of $327.57. The firm has a market cap of $6.64 billion, a PE ratio of 24.21 and a beta of 1.43. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.88 and a quick ratio of 1.88.

InterDigital (NASDAQ:IDCC) last released its quarterly earnings data 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 net margin of 44.20% and a return on equity of 35.25%. The company had revenue of $205.42 million during the quarter, compared to analyst estimates of $196.85 million. During the same period in the prior year, the firm earned $3.45 earnings per share. The firm’s revenue for the quarter 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. As a group, research analysts anticipate that InterDigital, Inc. will post 7.41 EPS for the current fiscal year.

InterDigital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 22nd. Investors of record on Wednesday, April 8th were paid a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, April 8th. This represents a $2.80 dividend on an annualized basis and a yield of 1.1%. InterDigital’s dividend payout ratio is 26.37%.

Analyst Ratings Changes

A number of research firms recently weighed in on IDCC. Jefferies Financial Group reaffirmed a “buy” rating on shares of InterDigital in a research note on Wednesday, March 18th. Wall Street Zen raised shares of InterDigital from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of InterDigital in a research note on Friday, May 1st. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $416.67.

Institutional Trading of InterDigital

Several hedge funds have recently modified their holdings of IDCC. NewEdge Advisors LLC lifted its position in shares of InterDigital by 37.6% during the first quarter. NewEdge Advisors LLC now owns 3,911 shares of the Wireless communications provider’s stock valued at $809,000 after buying an additional 1,069 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of InterDigital by 5.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 77,066 shares of the Wireless communications provider’s stock valued at $15,933,000 after buying an additional 4,105 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of InterDigital by 85.8% during the second quarter. Russell Investments Group Ltd. now owns 6,407 shares of the Wireless communications provider’s stock valued at $1,437,000 after buying an additional 2,958 shares during the last quarter. AXA S.A. lifted its position in shares of InterDigital by 12.4% during the second quarter. AXA S.A. now owns 34,283 shares of the Wireless communications provider’s stock valued at $7,687,000 after buying an additional 3,788 shares during the last quarter. Finally, Qube Research & Technologies Ltd lifted its position in shares of InterDigital by 2.9% during the second quarter. Qube Research & Technologies Ltd now owns 127,983 shares of the Wireless communications provider’s stock valued at $28,698,000 after buying an additional 3,643 shares during the last quarter. 99.83% of the stock is owned by hedge funds and other institutional investors.

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.