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

InterDigital, Inc. (NASDAQ:IDCC) CTO Rajesh Pankaj sold 1,500 shares of the stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $338.00, for a total transaction of $507,000.00. Following the transaction, the chief technology officer owned 65,016 shares in the company, valued at $21,975,408. This trade represents a 2.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 Wednesday, August 5th, Rajesh Pankaj sold 1,500 shares of InterDigital stock. The stock was sold at an average price of $324.88, for a total transaction of $487,320.00.
• 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 transaction 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 transaction of $435,000.00.

InterDigital Stock Performance

Shares of IDCC stock opened at $339.34 on Thursday. The stock has a market capitalization of $8.76 billion, a price-to-earnings ratio of 39.14 and a beta of 1.43. InterDigital, Inc. has a one year low of $249.14 and a one year high of $412.60. The company’s 50-day simple moving average is $307.62 and its 200-day simple moving average is $310.76. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.74 and a current ratio of 1.74.

InterDigital (NASDAQ:IDCC) last announced its quarterly earnings data 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. InterDigital had a return on equity of 28.17% and a net margin of 38.32%.The firm had revenue of $260.17 million during the quarter, compared to analyst estimates of $143.10 million. During the same period in the previous year, the company earned $6.52 earnings per share. InterDigital’s quarterly revenue was down 13.4% on a year-over-year basis. InterDigital has set its FY 2026 guidance at 10.850-12.810 EPS and its Q3 2026 guidance at 1.940-2.130 EPS. Equities analysts anticipate that InterDigital, Inc. will post 9.76 earnings per share for the current fiscal year.

InterDigital Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 28th. Investors of record on Wednesday, October 14th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Wednesday, October 14th. This represents a $3.00 annualized dividend and a dividend yield of 0.9%. This is an increase from InterDigital’s previous quarterly dividend of $0.70. InterDigital’s dividend payout ratio is currently 32.30%.

Wall Street Analyst Weigh In

IDCC has been the subject of a number of research reports. Zacks Research raised shares of InterDigital from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. Weiss Ratings cut shares of InterDigital from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, InterDigital currently has a consensus rating of “Buy” and an average price target of $416.67.

Hedge Funds Weigh In On InterDigital

Institutional investors have recently made changes to their positions in the stock. NewEdge Advisors LLC lifted its holdings in shares of InterDigital by 37.6% in the 1st quarter. NewEdge Advisors LLC now owns 3,911 shares of the Wireless communications provider’s stock worth $809,000 after purchasing an additional 1,069 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in InterDigital by 5.6% during the 1st 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 worth $15,933,000 after buying an additional 4,105 shares during the last quarter. Russell Investments Group Ltd. grew its stake in InterDigital by 85.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 6,407 shares of the Wireless communications provider’s stock worth $1,437,000 after buying an additional 2,958 shares during the last quarter. AXA S.A. increased its position in InterDigital by 12.4% in the second quarter. AXA S.A. now owns 34,283 shares of the Wireless communications provider’s stock worth $7,687,000 after buying an additional 3,788 shares during the period. Finally, Qube Research & Technologies Ltd increased its position in InterDigital by 2.9% in the second quarter. Qube Research & Technologies Ltd now owns 127,983 shares of the Wireless communications provider’s stock worth $28,698,000 after buying an additional 3,643 shares during the period. 99.83% of the stock is owned by institutional investors.

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.