InterDigital (NASDAQ:IDCC) CTO Sells $507,000.00 in Stock

Key Points

• InterDigital CTO Rajesh Pankaj sold 1,500 shares for $507,000 at an average price of $338 under a pre-arranged Rule 10b5-1 trading plan. He retained 65,016 shares, representing a 2.26% reduction in his position.
• InterDigital shares recently traded at $339.34, with a $8.76 billion market capitalization and a 52-week range of $249.14 to $412.60. The stock’s average analyst rating is “Buy,” with a consensus price target of $416.67.
• The company reported quarterly EPS of $4.62, significantly exceeding the $0.90 consensus estimate, while revenue reached $260.17 million. InterDigital also pays a quarterly dividend of $0.70 per share, for an annualized yield of approximately 0.8%.

InterDigital, Inc. (NASDAQ:IDCC - Get Free Report) CTO Rajesh Pankaj sold 1,500 shares of the company's stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $338.00, for a total transaction of $507,000.00. Following the completion of the transaction, the chief technology officer owned 65,016 shares of the company's stock, valued at approximately $21,975,408. This trade represents a 2.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available 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 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 transaction of $487,320.00.
• On Monday, July 6th, Rajesh Pankaj sold 1,500 shares of InterDigital stock. The stock was sold at an average price of $286.00, for a total transaction of $429,000.00.
• On Thursday, June 11th, Rajesh Pankaj sold 1,500 shares of InterDigital stock. The stock was sold at an average price of $290.00, for a total value of $435,000.00.

InterDigital Price Performance

NASDAQ IDCC traded down $1.60 on Wednesday, reaching $339.34. The company's stock had a trading volume of 209,023 shares, compared to its average volume of 340,776. The stock has a market cap of $8.76 billion, a PE ratio of 39.14 and a beta of 1.43. InterDigital, Inc. has a twelve month low of $249.14 and a twelve month high of $412.60. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.74 and a current ratio of 1.74. The firm's 50 day moving average is $306.48 and its two-hundred day moving average is $310.82.

InterDigital (NASDAQ:IDCC - Get Free Report) last announced its earnings results on Thursday, July 30th. The Wireless communications provider reported $4.62 EPS for the quarter, topping the consensus estimate of $0.90 by $3.72. The company had revenue of $260.17 million during the quarter, compared to analysts' expectations of $143.10 million. InterDigital had a net margin of 38.32% and a return on equity of 28.17%. The business's revenue for the quarter was down 13.4% on a year-over-year basis. During the same period last year, the company posted $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, sell-side analysts predict that InterDigital, Inc. will post 9.76 EPS for the current year.

InterDigital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 8th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Wednesday, July 8th. InterDigital's dividend payout ratio is presently 32.30%.

Institutional Trading of InterDigital

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Kemnay Advisory Services Inc. bought a new stake in shares of InterDigital in the 4th quarter valued at approximately $26,000. Keating Financial Advisory Services Inc. bought a new position in shares of InterDigital during the 2nd quarter worth approximately $25,000. Anchor Investment Management LLC acquired a new stake in InterDigital in the 1st quarter valued at $30,000. Leonteq Securities AG acquired a new stake in InterDigital in the 4th quarter valued at $35,000. Finally, Hantz Financial Services Inc. grew its position in InterDigital by 219.0% in the fourth quarter. Hantz Financial Services Inc. now owns 134 shares of the Wireless communications provider's stock valued at $43,000 after acquiring an additional 92 shares during the period. Institutional investors own 99.83% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on IDCC. Weiss Ratings lowered shares of InterDigital from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, August 11th. Zacks Research upgraded shares of InterDigital from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $416.67.

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.

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