Key Points
- InterDigital CTO Rajesh Pankaj sold 1,500 shares at an average price of $338, generating $507,000. The transaction was made under a pre-arranged Rule 10b5-1 plan and reduced his direct ownership by 2.26%.
- InterDigital reported quarterly EPS of $4.62, exceeding estimates of $0.90, while revenue reached $260.17 million versus expectations of $143.10 million. However, revenue declined 13.4% year over year.
- The company increased its quarterly dividend to $0.75 per share, or $3.00 annualized, representing a 0.9% yield. Analysts maintain an overall “Buy” rating with an average price target of $416.67.
InterDigital, Inc. (NASDAQ:IDCC - Get Free Report) CTO Rajesh Pankaj sold 1,500 shares of the business's stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $338.00, for a total transaction of $507,000.00. Following the transaction, the chief technology officer directly owned 65,016 shares of the company's stock, valued at $21,975,408. The trade was a 2.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 Wednesday, August 5th, Rajesh Pankaj sold 1,500 shares of InterDigital stock. The stock was sold at an average price of $324.88, for a total transaction of $487,320.00.
- On Monday, July 6th, Rajesh Pankaj sold 1,500 shares of InterDigital stock. The shares were sold at an average price of $286.00, for a total transaction 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.
InterDigital Stock Performance
Shares of NASDAQ IDCC opened at $339.34 on Thursday. InterDigital, Inc. has a 12-month low of $249.14 and a 12-month high of $412.60. The company has a market cap of $8.76 billion, a PE ratio of 39.14 and a beta of 1.43. The stock has a 50 day simple moving average of $307.62 and a 200-day simple moving average of $310.76. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.01.
InterDigital (NASDAQ:IDCC - Get Free Report) last posted its earnings results on Thursday, July 30th. The Wireless communications provider reported $4.62 EPS for the quarter, beating 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 was down 13.4% compared to the same quarter last year. During the same period last year, the firm earned $6.52 EPS. InterDigital has set its FY 2026 guidance at 10.850-12.810 EPS and its Q3 2026 guidance at 1.940-2.130 EPS. On average, equities research analysts forecast that InterDigital, Inc. will post 9.76 EPS for the current year.
InterDigital Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Wednesday, October 14th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.9%. This is a positive change from InterDigital's previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Wednesday, October 14th. InterDigital's dividend payout ratio is 32.30%.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the company. Keybank National Association OH raised its position in InterDigital by 4.5% in the first quarter. Keybank National Association OH now owns 704 shares of the Wireless communications provider's stock worth $213,000 after acquiring an additional 30 shares in the last quarter. Amundi raised its holdings in shares of InterDigital by 0.3% in the 4th quarter. Amundi now owns 10,084 shares of the Wireless communications provider's stock worth $3,210,000 after purchasing an additional 30 shares in the last quarter. MGO One Seven LLC raised its holdings in shares of InterDigital by 5.2% in the 4th quarter. MGO One Seven LLC now owns 835 shares of the Wireless communications provider's stock worth $266,000 after purchasing an additional 41 shares in the last quarter. J2 Capital Management Inc lifted its stake in InterDigital by 3.0% during the first quarter. J2 Capital Management Inc now owns 1,451 shares of the Wireless communications provider's stock valued at $438,000 after purchasing an additional 42 shares during the last quarter. Finally, Abel Hall LLC increased its holdings in shares of InterDigital by 5.0% in the fourth quarter. Abel Hall LLC now owns 879 shares of the Wireless communications provider's stock valued at $280,000 after buying an additional 42 shares in the last quarter. Institutional investors own 99.83% of the company's stock.
Analyst Ratings Changes
Several research firms recently weighed in on IDCC. Weiss Ratings downgraded shares of InterDigital from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, August 11th. Zacks Research raised shares of InterDigital from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $416.67.
Read Our Latest Stock Report on IDCC
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.
Further Reading
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