Key Points
- InterDigital Director Joan Gillman sold 300 shares for approximately $99,318 under a pre-arranged Rule 10b5-1 trading plan, reducing her holdings by 1.3% to 22,736 shares.
- InterDigital reported quarterly EPS of $4.62, substantially above the $0.90 consensus estimate, while revenue reached $260.17 million, though it declined 13.4% year over year.
- Analysts maintain an overall “Buy” rating with an average price target of $416.67; the company also pays a quarterly dividend of $0.70, equivalent to a 0.8% yield.
InterDigital, Inc. (NASDAQ:IDCC - Get Free Report) Director Joan Gillman sold 300 shares of the business's stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $331.06, for a total transaction of $99,318.00. Following the completion of the sale, the director owned 22,736 shares in the company, valued at $7,526,980.16. This represents a 1.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
InterDigital Stock Performance
NASDAQ:IDCC opened at $348.25 on Tuesday. 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 company has a market capitalization of $8.99 billion, a P/E ratio of 40.17 and a beta of 1.43. The firm has a 50-day moving average price of $279.48 and a two-hundred day moving average price of $311.72. InterDigital, Inc. has a twelve month low of $249.14 and a twelve month high of $412.60.
InterDigital (NASDAQ:IDCC - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The Wireless communications provider reported $4.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $3.72. InterDigital had a net margin of 38.32% and a return on equity of 28.17%. The company had revenue of $260.17 million for the quarter, compared to the consensus estimate of $143.10 million. During the same quarter in the prior year, the firm earned $6.52 earnings per share. The company's revenue for the quarter was down 13.4% compared to the same quarter last year. 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, research analysts expect that InterDigital, Inc. will post 7.41 earnings per share for the current fiscal year.
InterDigital Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 8th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Wednesday, July 8th. InterDigital's payout ratio is 32.30%.
Analysts Set New Price Targets
IDCC has been the subject of several analyst reports. Weiss Ratings downgraded shares of InterDigital from a "buy (b)" rating to a "buy (b-)" rating in a research note on Friday, June 12th. Zacks Research raised shares of InterDigital from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company's stock. According to data from MarketBeat.com, InterDigital presently has an average rating of "Buy" and an average price target of $416.67.
View Our Latest Stock Report on InterDigital
Institutional Investors Weigh In On InterDigital
A number of institutional investors have recently added to or reduced their stakes in the company. Kemnay Advisory Services Inc. acquired a new position in shares of InterDigital in the 4th quarter valued at about $26,000. Anchor Investment Management LLC acquired a new stake in InterDigital during the 1st quarter worth approximately $30,000. Leonteq Securities AG acquired a new stake in InterDigital during the 4th quarter worth approximately $35,000. Hantz Financial Services Inc. raised its holdings in InterDigital by 219.0% in the fourth quarter. Hantz Financial Services Inc. now owns 134 shares of the Wireless communications provider's stock valued at $43,000 after buying an additional 92 shares during the period. Finally, Greenline Wealth Management LLC acquired a new position in InterDigital during the fourth quarter valued at approximately $48,000. Hedge funds and other institutional investors own 99.83% of the company's stock.
About InterDigital
(
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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