InterDigital, Inc. (NASDAQ:IDCC - Get Free Report) CTO Rajesh Pankaj sold 750 shares of the business's stock in a transaction on Friday, June 5th. The stock was sold at an average price of $258.38, for a total value of $193,785.00. Following the completion of the transaction, the chief technology officer owned 70,976 shares of the company's stock, valued at $18,338,778.88. This represents a 1.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Rajesh Pankaj also recently made the following trade(s):
- On Monday, April 6th, Rajesh Pankaj sold 1,500 shares of InterDigital stock. The stock was sold at an average price of $313.30, for a total value of $469,950.00.
InterDigital Stock Down 1.9%
IDCC stock opened at $255.60 on Tuesday. InterDigital, Inc. has a 1-year low of $213.06 and a 1-year high of $412.60. The business has a fifty day moving average price of $303.08 and a 200-day moving average price of $328.13. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.88 and a quick ratio of 1.88. The stock has a market capitalization of $6.60 billion, a P/E ratio of 24.07 and a beta of 1.43.
InterDigital (NASDAQ:IDCC - Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The Wireless communications provider reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.54 by $0.03. InterDigital had a return on equity of 35.25% and a net margin of 44.20%.The firm had revenue of $205.42 million during the quarter, compared to analysts' expectations of $196.85 million. During the same quarter in the previous year, the business earned $3.45 earnings per share. The company's revenue was down 2.4% on a year-over-year basis. InterDigital has set its Q2 2026 guidance at 1.410-1.600 EPS and its FY 2026 guidance at 8.740-11.840 EPS. Equities analysts forecast that InterDigital, Inc. will post 7.41 earnings per share for the current fiscal year.
InterDigital Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 8th were paid a $0.70 dividend. The ex-dividend date was Wednesday, April 8th. This represents a $2.80 annualized dividend and a dividend yield of 1.1%. InterDigital's payout ratio is currently 26.37%.
Institutional Trading of InterDigital
Several large investors have recently modified their holdings of the company. NewEdge Advisors LLC grew its holdings in shares of InterDigital by 54.9% in the first quarter. NewEdge Advisors LLC now owns 9,239 shares of the Wireless communications provider's stock worth $2,790,000 after acquiring an additional 3,274 shares during the period. Bank of America Corp DE grew its holdings in shares of InterDigital by 31.3% in the first quarter. Bank of America Corp DE now owns 266,724 shares of the Wireless communications provider's stock worth $80,551,000 after acquiring an additional 63,524 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of InterDigital by 58.8% in the first quarter. EverSource Wealth Advisors LLC now owns 397 shares of the Wireless communications provider's stock worth $120,000 after acquiring an additional 147 shares during the period. California State Teachers Retirement System grew its holdings in shares of InterDigital by 18.6% in the first quarter. California State Teachers Retirement System now owns 30,175 shares of the Wireless communications provider's stock worth $9,113,000 after acquiring an additional 4,737 shares during the period. Finally, Royal Bank of Canada grew its holdings in InterDigital by 375.7% during the first quarter. Royal Bank of Canada now owns 199,655 shares of the Wireless communications provider's stock valued at $60,297,000 after purchasing an additional 157,687 shares during the period. Institutional investors own 99.83% of the company's stock.
Analyst Ratings Changes
Several research firms have recently weighed in on IDCC. Wall Street Zen upgraded InterDigital from a "sell" rating to a "hold" rating in a research note on Saturday, March 7th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of InterDigital in a report on Friday, May 1st. Finally, Jefferies Financial Group reaffirmed a "buy" rating on shares of InterDigital in a report on Wednesday, March 18th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $416.67.
Read Our Latest Analysis on IDCC
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.
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