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

InterDigital, Inc. (NASDAQ:IDCC) CTO Rajesh Pankaj sold 1,500 shares of the business’s stock in a transaction on Monday, October 5th. The shares were sold at an average price of $334.32, for a total transaction of $501,480.00. Following the completion of the transaction, the chief technology officer owned 63,516 shares in the company, valued at approximately $21,234,669.12. The trade was a 2.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 Tuesday, September 8th, Rajesh Pankaj sold 1,500 shares of InterDigital stock. The stock was sold at an average price of $338.00, for a total value of $507,000.00.
• 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 value of $487,320.00.

InterDigital Stock Down 2.5%

Shares of NASDAQ:IDCC opened at $330.80 on Thursday. The company has a market capitalization of $8.54 billion, a price-to-earnings ratio of 38.15 and a beta of 1.43. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.74 and a quick ratio of 1.74. The business’s 50-day moving average is $334.15 and its 200-day moving average is $306.36. InterDigital, Inc. has a 1 year low of $249.14 and a 1 year high of $412.60.

InterDigital (NASDAQ:IDCC) last announced its earnings results on Thursday, July 30th. The Wireless communications provider reported $4.62 EPS 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 company had revenue of $260.17 million for the quarter, compared to analyst estimates of $143.10 million. During the same quarter in the prior year, the company earned $6.52 EPS. The firm’s revenue for the quarter was down 13.4% compared to the same quarter last year. 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 research analysts predict that InterDigital, Inc. will post 9.52 earnings per share for the current year.

InterDigital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 28th. Shareholders of record on Wednesday, October 14th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Wednesday, October 14th. This is a positive change from InterDigital’s previous quarterly dividend of $0.70. InterDigital’s dividend payout ratio (DPR) is currently 32.30%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Reinhart Partners LLC. grew its stake in InterDigital by 9.0% in the second quarter. Reinhart Partners LLC. now owns 460,404 shares of the Wireless communications provider’s stock valued at $130,359,000 after acquiring an additional 38,115 shares during the period. Congress Asset Management Co. raised its position in shares of InterDigital by 8.7% during the third quarter. Congress Asset Management Co. now owns 458,053 shares of the Wireless communications provider’s stock worth $149,357,000 after purchasing an additional 36,620 shares during the period. Bank of America Corp DE raised its position in shares of InterDigital by 31.3% during the first quarter. Bank of America Corp DE now owns 266,724 shares of the Wireless communications provider’s stock worth $80,551,000 after purchasing an additional 63,524 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of InterDigital by 135.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 219,388 shares of the Wireless communications provider’s stock worth $66,255,000 after purchasing an additional 126,328 shares during the period. Finally, Royal Bank of Canada lifted its holdings in shares of InterDigital by 375.7% in the 1st quarter. Royal Bank of Canada now owns 199,655 shares of the Wireless communications provider’s stock worth $60,297,000 after purchasing an additional 157,687 shares in the last quarter. 99.83% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on IDCC shares. Zacks Research upgraded shares of InterDigital from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. Weiss Ratings upgraded shares of InterDigital from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, September 18th. One research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $450.00.

InterDigital Company Profile

InterDigital, Inc is a research and development company that designs and develops advanced wireless, video and related technologies. Its work supports cellular communications, including 2G, 3G, 4G and 5G networks, as well as Wi-Fi, video coding, artificial intelligence and other connected-device applications. The company’s technologies are incorporated into mobile phones, network equipment, consumer electronics and other wireless products.

InterDigital primarily commercializes its innovations through a patent-licensing business.