Insider Selling: InterDigital (NASDAQ:IDCC) Director Sells $130,020.80 in Stock

InterDigital, Inc. (NASDAQ:IDCCGet Free Report) Director Samir Armaly sold 470 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $276.64, for a total value of $130,020.80. Following the completion of the transaction, the director directly owned 4,608 shares in the company, valued at $1,274,757.12. The trade was a 9.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

InterDigital Stock Up 3.5%

Shares of InterDigital stock opened at $296.04 on Friday. The stock has a market capitalization of $7.65 billion, a P/E ratio of 27.88 and a beta of 1.43. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.01. The stock has a 50 day moving average price of $298.47 and a two-hundred day moving average price of $324.31. InterDigital, Inc. has a 12-month low of $213.06 and a 12-month high of $412.60.

InterDigital (NASDAQ:IDCCGet Free Report) last announced its quarterly earnings results on Thursday, April 30th. The Wireless communications provider reported $2.57 EPS for the quarter, beating 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 the consensus estimate of $196.85 million. During the same quarter last year, the company posted $3.45 earnings per share. The company’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. Equities analysts expect that InterDigital, Inc. will post 7.41 earnings per share for the current year.

InterDigital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 8th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 0.9%. The ex-dividend date is Wednesday, July 8th. InterDigital’s dividend payout ratio (DPR) is 26.37%.

Institutional Investors Weigh In On InterDigital

Several hedge funds have recently made changes to their positions in IDCC. Kemnay Advisory Services Inc. acquired a new stake in InterDigital during the fourth quarter worth about $26,000. Anchor Investment Management LLC acquired a new position in InterDigital in the 1st quarter valued at approximately $30,000. Leonteq Securities AG acquired a new position in InterDigital in the 4th quarter valued at approximately $35,000. Aster Capital Management DIFC Ltd lifted its position in shares of InterDigital by 186.8% in the 3rd quarter. Aster Capital Management DIFC Ltd now owns 109 shares of the Wireless communications provider’s stock worth $38,000 after acquiring an additional 71 shares during the period. Finally, Financial Consulate Inc. bought a new stake in shares of InterDigital in the 4th quarter worth approximately $41,000. Institutional investors own 99.83% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on IDCC shares. Wall Street Zen raised InterDigital from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Weiss Ratings cut InterDigital from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, June 12th. Finally, Jefferies Financial Group restated a “buy” rating on shares of InterDigital in a research note on Wednesday, March 18th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $416.67.

View Our Latest Stock Analysis on IDCC

Key Stories Impacting InterDigital

Here are the key news stories impacting InterDigital this week:

About InterDigital

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for InterDigital (NASDAQ:IDCC)

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