Key Points
- InterDigital CTO Rajesh Pankaj sold 1,500 shares on June 11 for about $435,000 at an average price of $290 per share. The sale was made under a pre-arranged Rule 10b5-1 plan, and he still holds about 69,476 shares.
- The stock was trading higher, opening at $283.73 and up 2.6% in the session cited. InterDigital has a market cap of $7.33 billion and has traded between $213.06 and $412.60 over the past 12 months.
- Fundamentals and shareholder returns remain solid, with the company beating quarterly EPS and revenue estimates, raising guidance, and declaring a $0.70 quarterly dividend. Analysts currently rate the stock a Moderate Buy with an average price target of $416.67.
InterDigital, Inc. (NASDAQ:IDCC - Get Free Report) CTO Rajesh Pankaj sold 1,500 shares of the company's stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $290.00, for a total value of $435,000.00. Following the completion of the sale, the chief technology officer owned 69,476 shares in the company, valued at approximately $20,148,040. This represents a 2.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible 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 Friday, June 5th, Rajesh Pankaj sold 750 shares of InterDigital stock. The stock was sold at an average price of $258.38, for a total value of $193,785.00.
- 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 Trading Up 2.6%
InterDigital stock opened at $283.73 on Friday. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.01. InterDigital, Inc. has a 12 month low of $213.06 and a 12 month high of $412.60. The stock's 50 day simple moving average is $300.42 and its two-hundred day simple moving average is $326.39. The firm has a market cap of $7.33 billion, a PE ratio of 26.72 and a beta of 1.43.
InterDigital (NASDAQ:IDCC - Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The Wireless communications provider reported $2.57 EPS 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 business had revenue of $205.42 million for the quarter, compared to analyst estimates of $196.85 million. During the same quarter in the prior year, the firm posted $3.45 EPS. The business's quarterly revenue was down 2.4% compared to the same quarter last year. InterDigital has set its Q2 2026 guidance at 1.410-1.600 EPS and its FY 2026 guidance at 8.740-11.840 EPS. Analysts anticipate that InterDigital, Inc. will post 7.41 earnings per share for the current year.
InterDigital Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 8th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.0%. The ex-dividend date is Wednesday, July 8th. InterDigital's dividend payout ratio is currently 26.37%.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in the business. Kemnay Advisory Services Inc. acquired a new position in InterDigital in the 4th quarter valued at $26,000. Anchor Investment Management LLC acquired a new stake in shares of InterDigital in the 1st quarter worth $30,000. Leonteq Securities AG acquired a new stake in shares of InterDigital in the 4th quarter worth $35,000. Aster Capital Management DIFC Ltd increased its stake in shares of InterDigital by 186.8% in the 3rd quarter. Aster Capital Management DIFC Ltd now owns 109 shares of the Wireless communications provider's stock worth $38,000 after acquiring an additional 71 shares during the last quarter. Finally, Financial Consulate Inc. acquired a new stake in shares of InterDigital in the 4th quarter worth $41,000. 99.83% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on the company. Weiss Ratings reaffirmed a "buy (b)" rating on shares of InterDigital in a research note on Friday, May 1st. Jefferies Financial Group reaffirmed a "buy" rating on shares of InterDigital in a research note on Wednesday, March 18th. Finally, Wall Street Zen raised InterDigital from a "sell" rating to a "hold" rating in a research note on Saturday, March 7th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, InterDigital has a consensus rating of "Moderate Buy" and an average price target of $416.67.
Get Our Latest Analysis on IDCC
Key InterDigital News
Here are the key news stories impacting InterDigital this week:
- Positive Sentiment: InterDigital announced a new patent license agreement with Amazon covering video services and devices, including Amazon Prime Video. This is a meaningful validation of InterDigital’s streaming/video IP portfolio and should support royalty revenue going forward. InterDigital and Amazon enter into new video services and devices license agreement
- Positive Sentiment: Analysts reacted favorably to the Amazon deal, with coverage calling InterDigital a buy and highlighting the agreement as a strong catalyst for the stock. InterDigital is a buy, this analyst says
- Positive Sentiment: The company also declared a regular quarterly cash dividend of $0.70 per share, underscoring shareholder returns and financial strength. InterDigital Declares Regular Quarterly Cash Dividend
- Neutral Sentiment: InterDigital CTO Rajesh Pankaj sold 1,500 shares under a pre-arranged 10b5-1 trading plan. While insider sales can draw attention, the transaction was small relative to his remaining stake and appears routine. SEC Form 4 filing
- Negative Sentiment: Zacks noted that despite the recent surge, rising earnings estimate revisions may not fully support continued upside in the near term, suggesting some caution after the sharp move. InterDigital (IDCC) Moves 9.0% Higher: Will This Strength Last?
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].
