Insider Selling: InterDigital (NASDAQ:IDCC) CTO Sells 1,500 Shares of Stock

Key Points

• InterDigital CTO Rajesh Pankaj sold 1,500 shares at an average price of $324.88, generating $487,320. The sale was made under a pre-arranged Rule 10b5-1 trading plan, leaving him with 66,516 shares.
• InterDigital reported quarterly EPS of $4.62, far exceeding the $0.90 consensus estimate, while revenue reached $260.17 million versus expectations of $143.10 million. However, revenue declined 13.4% year over year.
• The stock opened at $328.41, with analysts maintaining an overall “Buy” rating and an average price target of $416.67; the company also pays a quarterly dividend of $0.70, yielding about 0.9%.

InterDigital, Inc. (NASDAQ:IDCC - Get Free Report) CTO Rajesh Pankaj sold 1,500 shares of the business's stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $324.88, for a total transaction of $487,320.00. Following the completion of the sale, the chief technology officer directly owned 66,516 shares of the company's stock, valued at $21,609,718.08. This represents a 2.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 shares were sold at an average price of $290.00, for a total transaction of $435,000.00.
• On Friday, June 5th, Rajesh Pankaj sold 750 shares of InterDigital stock. The shares were sold at an average price of $258.38, for a total transaction of $193,785.00.

InterDigital Trading Down 0.6%

Shares of NASDAQ:IDCC opened at $328.41 on Friday. 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 $8.48 billion, a PE ratio of 37.88 and a beta of 1.43. InterDigital, Inc. has a 1 year low of $249.14 and a 1 year high of $412.60. The firm has a fifty day moving average price of $275.84 and a 200 day moving average price of $311.31.

InterDigital (NASDAQ:IDCC - Get Free Report) last posted its earnings results on Thursday, July 30th. The Wireless communications provider reported $4.62 earnings per share for the quarter, beating the consensus estimate of $0.90 by $3.72. InterDigital had a return on equity of 28.17% and a net margin of 38.32%.The company had revenue of $260.17 million for the quarter, compared to analyst estimates of $143.10 million. During the same period last year, the company earned $6.52 earnings per share. The business's revenue was down 13.4% compared to the same quarter last year. InterDigital has set its FY 2026 guidance at 10.850-12.810 EPS and its Q3 2026 guidance at 1.940-2.130 EPS. Analysts expect that InterDigital, Inc. will post 7.41 EPS for the current fiscal year.

InterDigital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 22nd. Investors of record on Wednesday, July 8th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Wednesday, July 8th. InterDigital's dividend payout ratio (DPR) is presently 32.30%.

Hedge Funds Weigh In On InterDigital

A number of institutional investors have recently made changes to their positions in IDCC. Kemnay Advisory Services Inc. bought a new stake in InterDigital during the 4th quarter valued at approximately $26,000. Anchor Investment Management LLC bought a new stake in shares of InterDigital in the first quarter valued at approximately $30,000. Leonteq Securities AG acquired a new stake in shares of InterDigital in the fourth quarter worth $35,000. Financial Consulate Inc. acquired a new position in InterDigital during the 4th quarter valued at $41,000. Finally, Hantz Financial Services Inc. raised its stake in InterDigital by 219.0% during the 4th 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 during the last quarter. 99.83% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

IDCC has been the subject of a number of recent analyst reports. Weiss Ratings cut InterDigital from a "buy (b)" rating to a "buy (b-)" rating in a research report on Friday, June 12th. Zacks Research upgraded shares of InterDigital from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. According to data from MarketBeat, the stock 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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