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 on Wednesday, August 5th. The stock was sold at an average price of $324.88, for a total value of $487,320.00. Following the transaction, the chief technology officer directly owned 66,516 shares of the company’s stock, valued at $21,609,718.08. The trade was a 2.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available 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, July 6th, Rajesh Pankaj sold 1,500 shares of InterDigital stock. The shares were sold at an average price of $286.00, for a total value of $429,000.00.
• On Thursday, June 11th, Rajesh Pankaj sold 1,500 shares of InterDigital stock. The stock was sold at an average price of $290.00, for a total value of $435,000.00.
• On Friday, June 5th, Rajesh Pankaj sold 750 shares of InterDigital stock. The shares were sold at an average price of $258.38, for a total transaction of $193,785.00.

InterDigital Price Performance

NASDAQ:IDCC opened at $344.56 on Friday. The firm has a market cap of $8.89 billion, a price-to-earnings ratio of 39.74 and a beta of 1.43. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.01. The company’s 50-day moving average is $277.69 and its two-hundred day moving average is $311.54. InterDigital, Inc. has a 12-month low of $249.14 and a 12-month high of $412.60.

InterDigital (NASDAQ:IDCC) last issued its quarterly earnings results on Thursday, July 30th. The Wireless communications provider reported $4.62 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $3.72. The business had revenue of $260.17 million during the quarter, compared to the consensus estimate of $143.10 million. InterDigital had a net margin of 38.32% and a return on equity of 28.17%. The company’s quarterly revenue was down 13.4% compared to the same quarter last year. During the same period in the previous year, the firm 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 expect that InterDigital, Inc. will post 7.41 EPS for the current year.

InterDigital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 22nd. Investors of record on Wednesday, July 8th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, July 8th. This represents a $2.80 annualized dividend and a yield of 0.8%. InterDigital’s dividend payout ratio is 32.30%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on IDCC. Zacks Research upgraded shares of InterDigital from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. Weiss Ratings downgraded shares of InterDigital from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, June 12th. One investment analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $416.67.

Institutional Trading of InterDigital

Large investors have recently modified their holdings of the business. Kemnay Advisory Services Inc. purchased a new position in InterDigital in the fourth quarter valued at about $26,000. Anchor Investment Management LLC purchased a new stake in InterDigital during the 1st quarter worth approximately $30,000. Leonteq Securities AG purchased a new stake in InterDigital during the 4th quarter worth approximately $35,000. Financial Consulate Inc. acquired a new position in shares of InterDigital in the 4th quarter valued at approximately $41,000. Finally, Hantz Financial Services Inc. raised its position in shares of InterDigital by 219.0% in the 4th quarter. Hantz Financial Services Inc. now owns 134 shares of the Wireless communications provider’s stock valued at $43,000 after purchasing an additional 92 shares in the last quarter. 99.83% of the stock is currently owned by institutional investors and hedge funds.

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.