InterDigital (NASDAQ:IDCC) Director Sells $99,318.00 in Stock

InterDigital, Inc. (NASDAQ:IDCC) Director Joan Gillman sold 300 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $331.06, for a total transaction of $99,318.00. Following the completion of the transaction, the director directly owned 22,736 shares in the company, valued at approximately $7,526,980.16. This represents a 1.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

InterDigital Price Performance

Shares of NASDAQ:IDCC opened at $351.43 on Thursday. The firm has a 50 day moving average of $282.97 and a 200-day moving average of $311.90. InterDigital, Inc. has a 12 month low of $249.14 and a 12 month high of $412.60. 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 stock has a market capitalization of $9.07 billion, a PE ratio of 40.53 and a beta of 1.43.

InterDigital (NASDAQ:IDCC) last posted its quarterly earnings results on Thursday, July 30th. The Wireless communications provider reported $4.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $3.72. The business had revenue of $260.17 million for the quarter, compared to analyst estimates of $143.10 million. InterDigital had a net margin of 38.32% and a return on equity of 28.17%. The firm’s revenue for the quarter was down 13.4% on a year-over-year basis. During the same quarter last year, the business posted $6.52 EPS. InterDigital has set its FY 2026 guidance at 10.850-12.810 EPS and its Q3 2026 guidance at 1.940-2.130 EPS. On average, equities research analysts predict that InterDigital, Inc. will post 7.41 EPS for the current fiscal year.

InterDigital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 8th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Wednesday, July 8th. InterDigital’s dividend payout ratio (DPR) is currently 32.30%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on IDCC shares. Zacks Research raised InterDigital from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. Weiss Ratings lowered InterDigital from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $416.67.

Institutional Trading of InterDigital

A number of hedge funds have recently added to or reduced their stakes in the stock. Keating Financial Advisory Services Inc. bought a new position in shares of InterDigital in the 2nd quarter valued at $25,000. Kemnay Advisory Services Inc. bought a new position in InterDigital in the fourth quarter valued at about $26,000. Anchor Investment Management LLC bought a new position in InterDigital in the first quarter valued at about $30,000. Leonteq Securities AG acquired a new stake in shares of InterDigital during the fourth quarter valued at about $35,000. Finally, Hantz Financial Services Inc. boosted its stake in shares of InterDigital by 219.0% during the fourth 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. Institutional investors and hedge funds own 99.83% of the company’s stock.

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.