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

Key Points

• InterDigital CTO Rajesh Pankaj sold 1,500 shares at an average price of $334.32, generating $501,480. The sale was conducted under a pre-arranged Rule 10b5-1 trading plan, leaving him with 63,516 shares.
• InterDigital recently reported quarterly earnings of $4.62 per share, far exceeding the $0.90 analyst consensus, on revenue of $260.17 million. Analysts maintain an overall “Buy” rating with an average price target of $450.
• The company raised its quarterly dividend from $0.70 to $0.75 per share, equivalent to an annualized dividend of $3.00 and a 0.9% yield.

InterDigital, Inc. (NASDAQ:IDCC - Get Free Report) CTO Rajesh Pankaj sold 1,500 shares of the stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $334.32, for a total transaction of $501,480.00. Following 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 shares were sold at an average price of $338.00, for a total transaction 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 Trading Up 0.9%

IDCC opened at $338.19 on Tuesday. 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 firm has a market cap of $8.73 billion, a price-to-earnings ratio of 39.01 and a beta of 1.43. InterDigital, Inc. has a 12 month low of $249.14 and a 12 month high of $412.60. The stock has a fifty day moving average price of $331.17 and a 200-day moving average price of $306.60.

InterDigital (NASDAQ:IDCC - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The Wireless communications provider reported $4.62 earnings per share for the quarter, beating analysts' consensus estimates of $0.90 by $3.72. The company had revenue of $260.17 million for the quarter, compared to the consensus estimate of $143.10 million. InterDigital had a return on equity of 28.17% and a net margin of 38.32%.The firm's revenue for the quarter was down 13.4% compared to the same quarter last year. During the same quarter last year, the company earned $6.52 earnings per share. InterDigital has set its FY 2026 guidance at 10.850-12.810 EPS and its Q3 2026 guidance at 1.940-2.130 EPS. As a group, equities research analysts anticipate that InterDigital, Inc. will post 9.52 earnings per share for the current fiscal year.

InterDigital Increases Dividend

The company also recently announced 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 is a positive change from InterDigital's previous quarterly dividend of $0.70. This represents a $3.00 dividend on an annualized basis and a yield of 0.9%. InterDigital's dividend payout ratio is currently 32.30%.

Analyst Ratings Changes

IDCC has been the topic of a number of recent analyst reports. Weiss Ratings raised InterDigital from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, September 18th. Zacks Research upgraded InterDigital from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $450.00.

Institutional Trading of InterDigital

Several large investors have recently bought and sold shares of IDCC. Reinhart Partners LLC. boosted its stake in shares of InterDigital by 9.0% in the second quarter. Reinhart Partners LLC. now owns 460,404 shares of the Wireless communications provider's stock worth $130,359,000 after buying an additional 38,115 shares during the last quarter. NewEdge Wealth LLC raised its position in InterDigital by 68.4% during the first quarter. NewEdge Wealth LLC now owns 13,783 shares of the Wireless communications provider's stock valued at $4,163,000 after acquiring an additional 5,599 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in InterDigital by 104.7% in the first quarter. Renaissance Technologies LLC now owns 66,098 shares of the Wireless communications provider's stock valued at $19,962,000 after acquiring an additional 33,800 shares during the period. TD Asset Management Inc boosted its position in InterDigital by 19.9% in the 4th quarter. TD Asset Management Inc now owns 50,782 shares of the Wireless communications provider's stock worth $16,168,000 after purchasing an additional 8,420 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its position in InterDigital by 54.9% in the 1st quarter. NewEdge Advisors LLC now owns 9,239 shares of the Wireless communications provider's stock worth $2,790,000 after purchasing an additional 3,274 shares in the last quarter. Hedge funds and other institutional investors own 99.83% of the company's stock.

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.

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