InterDigital (NASDAQ:IDCC) CTO Sells $326,260.00 in Stock

InterDigital, Inc. (NASDAQ:IDCC) CTO Rajesh Pankaj sold 1,000 shares of InterDigital stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $326.26, for a total value of $326,260.00. Following the transaction, the chief technology officer directly owned 61,196 shares in the company, valued at approximately $19,965,806.96. This trade represents a 1.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Rajesh Pankaj also recently made the following trade(s):

• On Monday, January 5th, Rajesh Pankaj sold 1,000 shares of InterDigital stock. The stock was sold at an average price of $326.75, for a total transaction of $326,750.00.

InterDigital Stock Up 3.6%

IDCC stock opened at $363.90 on Thursday. InterDigital, Inc. has a 12 month low of $180.60 and a 12 month high of $412.60. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.84 and a quick ratio of 1.84. The company has a market cap of $9.35 billion, a price-to-earnings ratio of 30.50 and a beta of 1.58. The company has a fifty day moving average price of $332.61 and a 200 day moving average price of $326.81.

InterDigital (NASDAQ:IDCC) last announced its earnings results on Thursday, February 5th. The Wireless communications provider reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.47. InterDigital had a net margin of 48.76% and a return on equity of 41.09%. The business had revenue of $158.23 million during the quarter, compared to analysts’ expectations of $155.57 million. During the same period in the prior year, the company earned $5.15 earnings per share. The business’s revenue was down 37.4% compared to the same quarter last year. InterDigital has set its Q1 2026 guidance at 2.390-2.680 EPS. Sell-side analysts expect that InterDigital, Inc. will post 9.21 earnings per share for the current year.

InterDigital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 28th. Stockholders of record on Wednesday, January 14th were issued a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, January 14th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.8%. InterDigital’s payout ratio is presently 23.47%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on IDCC. Roth Mkm reissued a “buy” rating on shares of InterDigital in a research note on Tuesday, January 20th. UBS Group set a $425.00 target price on shares of InterDigital in a report on Monday, December 1st. Weiss Ratings cut shares of InterDigital from a “buy (a-)” rating to a “buy (b+)” rating in a report on Monday, December 29th. Jefferies Financial Group set a $475.00 price objective on InterDigital and gave the company a “buy” rating in a report on Thursday, October 30th. Finally, Zacks Research downgraded InterDigital from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 21st. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $416.67.

Institutional Investors Weigh In On InterDigital

Hedge funds and other institutional investors have recently modified their holdings of the stock. Stirlingshire Investments Inc. acquired a new stake in shares of InterDigital in the 4th quarter worth approximately $292,000. Smithbridge Asset Management Inc. DE boosted its position in InterDigital by 97.5% during the fourth quarter. Smithbridge Asset Management Inc. DE now owns 15,800 shares of the Wireless communications provider’s stock worth $5,030,000 after purchasing an additional 7,800 shares in the last quarter. Townsquare Capital LLC grew its holdings in InterDigital by 9.6% in the fourth quarter. Townsquare Capital LLC now owns 651 shares of the Wireless communications provider’s stock valued at $207,000 after purchasing an additional 57 shares during the last quarter. Illinois Municipal Retirement Fund grew its holdings in InterDigital by 37.0% in the fourth quarter. Illinois Municipal Retirement Fund now owns 16,904 shares of the Wireless communications provider’s stock valued at $5,382,000 after purchasing an additional 4,562 shares during the last quarter. Finally, Deutsche Bank AG increased its position in shares of InterDigital by 10.0% in the fourth quarter. Deutsche Bank AG now owns 31,818 shares of the Wireless communications provider’s stock valued at $10,130,000 after buying an additional 2,884 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.