Key Points
- CTO Rajesh Pankaj sold 1,500 InterDigital shares on April 6 at an average price of $313.30 for $469,950, reducing his stake by 2.03% to 72,449 shares; the sale was executed under a pre-arranged Rule 10b5-1 plan and disclosed in an SEC filing.
- InterDigital beat Q4 estimates, posting $2.12 EPS vs. $1.65 expected and $158.23M revenue (slightly above estimates) despite revenue being down 37.4% year-over-year, and the company set Q1 2026 guidance of $2.390–2.680 EPS while declaring a $0.70 quarterly dividend (0.9% yield, ex-dividend April 8).
InterDigital, Inc. (NASDAQ:IDCC - Get Free Report) CTO Rajesh Pankaj sold 1,500 shares of the company's stock in a transaction on Monday, April 6th. The stock was sold at an average price of $313.30, for a total transaction of $469,950.00. Following the completion of the transaction, the chief technology officer owned 72,449 shares of the company's stock, valued at $22,698,271.70. This trade represents a 2.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, 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 Thursday, March 5th, Rajesh Pankaj sold 1,000 shares of InterDigital stock. The stock was sold at an average price of $368.10, for a total transaction of $368,100.00.
- On Thursday, February 5th, Rajesh Pankaj sold 1,000 shares of InterDigital stock. The stock was sold at an average price of $326.26, for a total transaction of $326,260.00.
InterDigital Stock Up 0.4%
Shares of InterDigital stock opened at $315.42 on Wednesday. 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 50-day moving average of $344.63 and a 200 day moving average of $345.28. The firm has a market cap of $8.10 billion, a price-to-earnings ratio of 26.44 and a beta of 1.66. InterDigital, Inc. has a 1 year low of $181.05 and a 1 year high of $412.60.
InterDigital (NASDAQ:IDCC - Get Free Report) last issued its quarterly earnings results on Thursday, February 5th. The Wireless communications provider reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.47. The company had revenue of $158.23 million during the quarter, compared to analyst estimates of $155.57 million. InterDigital had a net margin of 48.76% and a return on equity of 41.09%. InterDigital's quarterly revenue was down 37.4% compared to the same quarter last year. During the same period last year, the business earned $5.15 EPS. InterDigital has set its Q1 2026 guidance at 2.390-2.680 EPS. As a group, sell-side analysts anticipate that InterDigital, Inc. will post 9.21 earnings per share for the current fiscal year.
InterDigital Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Investors of record on Wednesday, April 8th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Wednesday, April 8th. InterDigital's dividend payout ratio (DPR) is presently 23.47%.
Analysts Set New Price Targets
Several research analysts recently issued reports on the stock. Weiss Ratings lowered shares of InterDigital from a "buy (a-)" rating to a "buy (b+)" rating in a research note on Monday, December 29th. Roth Mkm reiterated a "buy" rating on shares of InterDigital in a research note on Tuesday, January 20th. Jefferies Financial Group reiterated a "buy" rating on shares of InterDigital in a research note on Wednesday, March 18th. Finally, Wall Street Zen upgraded shares of InterDigital from a "sell" rating to a "hold" rating in a research note on Saturday, March 7th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, InterDigital presently has a consensus rating of "Moderate Buy" and an average price target of $416.67.
Read Our Latest Stock Report on IDCC
Institutional Trading of InterDigital
A number of institutional investors have recently made changes to their positions in IDCC. Price T Rowe Associates Inc. MD boosted its holdings in shares of InterDigital by 62.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,222,111 shares of the Wireless communications provider's stock valued at $707,477,000 after acquiring an additional 854,845 shares during the last quarter. Norges Bank purchased a new stake in shares of InterDigital during the 4th quarter valued at about $128,918,000. Wedge Capital Management L L P NC purchased a new stake in shares of InterDigital during the 3rd quarter valued at about $67,282,000. Geode Capital Management LLC boosted its holdings in shares of InterDigital by 18.6% during the 4th quarter. Geode Capital Management LLC now owns 787,546 shares of the Wireless communications provider's stock valued at $251,250,000 after acquiring an additional 123,686 shares during the last quarter. Finally, M&T Bank Corp boosted its holdings in shares of InterDigital by 14,563.6% during the 4th quarter. M&T Bank Corp now owns 109,244 shares of the Wireless communications provider's stock valued at $34,781,000 after acquiring an additional 108,499 shares during the last quarter. Hedge funds and other institutional investors own 99.83% of the company's stock.
InterDigital Company Profile
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
