Key Points
- InterDigital CTO Rajesh Pankaj sold 1,500 shares at an average price of $324.88, generating $487,320. The transaction, conducted under a pre-arranged Rule 10b5-1 plan, reduced his holdings by 2.21% to 66,516 shares.
- InterDigital reported quarterly EPS of $4.62, beating the $0.90 consensus estimate, while revenue of $260.17 million exceeded expectations of $143.10 million. However, revenue declined 13.4% year over year.
- The stock opened at $344.56, and analysts maintain a consensus “Buy” rating with a $416.67 price target. The company also pays a quarterly dividend of $0.70 per share, equivalent to a 0.8% yield.
InterDigital, Inc. (NASDAQ:IDCC - Get Free Report) CTO Rajesh Pankaj sold 1,500 shares of the business's stock in a transaction dated 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. The trade was a 2.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, 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, 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 value 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 value of $435,000.00.
- 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.
InterDigital Price Performance
Shares of IDCC opened at $344.56 on Friday. InterDigital, Inc. has a 52 week low of $249.14 and a 52 week high of $412.60. 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 firm has a market cap of $8.89 billion, a price-to-earnings ratio of 39.74 and a beta of 1.43. The stock has a 50 day moving average of $277.69 and a 200-day moving average of $311.54.
InterDigital (NASDAQ:IDCC - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The Wireless communications provider reported $4.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $3.72. The firm had revenue of $260.17 million for the quarter, compared to analysts' expectations of $143.10 million. InterDigital had a return on equity of 28.17% and a net margin of 38.32%.The firm's revenue for the quarter was down 13.4% on a year-over-year basis. During the same period last year, the business posted $6.52 earnings per share. InterDigital has set its FY 2026 guidance at 10.850-12.810 EPS and its Q3 2026 guidance at 1.940-2.130 EPS. As a group, analysts forecast that InterDigital, Inc. will post 7.41 EPS for the current year.
InterDigital Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 8th were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, July 8th. This represents a $2.80 annualized dividend and a dividend yield of 0.8%. InterDigital's dividend payout ratio is 32.30%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. Kemnay Advisory Services Inc. bought a new stake in shares of InterDigital during the fourth quarter valued at approximately $26,000. Anchor Investment Management LLC acquired a new position in shares of InterDigital during the first quarter worth approximately $30,000. Leonteq Securities AG bought a new position in InterDigital in the 4th quarter worth approximately $35,000. Financial Consulate Inc. bought a new position in InterDigital in the 4th quarter worth approximately $41,000. Finally, Hantz Financial Services Inc. increased its position in InterDigital by 219.0% in the 4th quarter. Hantz Financial Services Inc. now owns 134 shares of the Wireless communications provider's stock valued at $43,000 after acquiring an additional 92 shares during the period. Institutional investors own 99.83% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on the company. Zacks Research raised InterDigital from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 30th. Weiss Ratings downgraded InterDigital from a "buy (b)" rating to a "buy (b-)" rating in a research note on Friday, June 12th. One equities research 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.com, InterDigital has an average rating of "Buy" and a consensus target price of $416.67.
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About InterDigital
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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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