InterDigital, Inc. (NASDAQ:IDCC - Get Free Report) CTO Rajesh Pankaj sold 650 shares of InterDigital stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $103.87, for a total transaction of $67,515.50. Following the sale, the chief technology officer now owns 64,517 shares of the company's stock, valued at $6,701,380.79. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Rajesh Pankaj also recently made the following trade(s):
- On Friday, April 5th, Rajesh Pankaj sold 650 shares of InterDigital stock. The stock was sold at an average price of $95.33, for a total transaction of $61,964.50.
InterDigital Stock Performance
Shares of NASDAQ IDCC opened at $105.43 on Wednesday. The company has a market capitalization of $2.66 billion, a PE ratio of 15.50, a price-to-earnings-growth ratio of 0.85 and a beta of 1.35. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.34 and a current ratio of 1.34. The company's fifty day moving average price is $101.64 and its 200 day moving average price is $101.28. InterDigital, Inc. has a 1 year low of $74.65 and a 1 year high of $119.86.
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InterDigital (NASDAQ:IDCC - Get Free Report) last released its quarterly earnings results on Thursday, February 15th. The Wireless communications provider reported $1.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.00 by $0.16. The firm had revenue of $105.52 million for the quarter, compared to analysts' expectations of $104.31 million. InterDigital had a net margin of 31.18% and a return on equity of 32.57%. On average, research analysts predict that InterDigital, Inc. will post 7.02 earnings per share for the current year.
InterDigital Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th were issued a dividend of $0.40 per share. The ex-dividend date was Tuesday, April 9th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.52%. InterDigital's payout ratio is currently 23.53%.
Institutional Trading of InterDigital
A number of institutional investors have recently made changes to their positions in IDCC. Brown Advisory Inc. lifted its holdings in InterDigital by 0.8% in the 3rd quarter. Brown Advisory Inc. now owns 36,839 shares of the Wireless communications provider's stock valued at $2,956,000 after purchasing an additional 299 shares in the last quarter. New York State Teachers Retirement System raised its holdings in InterDigital by 2.1% in the 3rd quarter. New York State Teachers Retirement System now owns 28,634 shares of the Wireless communications provider's stock valued at $2,298,000 after acquiring an additional 596 shares during the last quarter. Inspire Advisors LLC purchased a new position in InterDigital in the 3rd quarter worth approximately $356,000. Inspire Investing LLC boosted its holdings in shares of InterDigital by 17.9% during the 3rd quarter. Inspire Investing LLC now owns 3,839 shares of the Wireless communications provider's stock worth $308,000 after purchasing an additional 582 shares during the last quarter. Finally, TD Asset Management Inc grew its position in shares of InterDigital by 49.1% in the third quarter. TD Asset Management Inc now owns 8,500 shares of the Wireless communications provider's stock valued at $682,000 after purchasing an additional 2,800 shares in the last quarter. 99.83% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on the company. Bank of America reaffirmed an "underperform" rating and set a $100.00 price target (down from $140.00) on shares of InterDigital in a research report on Monday, April 1st. StockNews.com cut InterDigital from a "buy" rating to a "hold" rating in a research report on Tuesday.
Read Our Latest Stock Analysis on InterDigital
InterDigital Company Profile
(
Get Free Report)
InterDigital, Inc operates as a global research and development company with focus primarily on wireless, visual, artificial intelligence (AI), and related technologies. The company engages in the design and development of technologies that enable connected in a range of communications and entertainment products and services, which are licensed to companies providing such products and services, including makers of wireless communications, consumer electronics, IoT devices, and cars and other motor vehicles, as well as providers of cloud-based services, such as video streaming.
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