Key Points
- InterDigital CTO Rajesh Pankaj sold 1,500 shares at an average price of $334.32, generating $501,480. The transaction was conducted under a pre-arranged Rule 10b5-1 plan, leaving him with 63,516 shares.
- InterDigital reported quarterly EPS of $4.62, substantially above the $0.90 analyst consensus, while revenue reached $260.17 million. Analysts maintain a consensus “Buy” rating with a $450 price target.
- The company increased its quarterly dividend to $0.75 per share, up from $0.70, implying a $3.00 annualized payout and a 0.9% yield.
InterDigital, Inc. (NASDAQ:IDCC - Get Free Report) CTO Rajesh Pankaj sold 1,500 shares of InterDigital stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $334.32, for a total transaction of $501,480.00. Following the sale, the chief technology officer directly owned 63,516 shares of the company's stock, valued at $21,234,669.12. This represents a 2.31% decrease in their position. The transaction was disclosed in a 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 Tuesday, September 8th, Rajesh Pankaj sold 1,500 shares of InterDigital stock. The stock was sold at an average price of $338.00, for a total value of $507,000.00.
- 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 value of $487,320.00.
InterDigital Trading Up 0.3%
Shares of NASDAQ IDCC opened at $339.29 on Wednesday. InterDigital, Inc. has a twelve month low of $249.14 and a twelve month high of $412.60. The firm has a market cap of $8.76 billion, a PE ratio of 39.13 and a beta of 1.43. The business has a fifty day simple moving average of $332.75 and a two-hundred day simple moving average of $306.52. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.01.
InterDigital (NASDAQ:IDCC - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The Wireless communications provider reported $4.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.90 by $3.72. The business had revenue of $260.17 million for the quarter, compared to the consensus estimate of $143.10 million. InterDigital had a return on equity of 28.17% and a net margin of 38.32%.The business's revenue was down 13.4% compared to the same quarter last year. During the same quarter in the prior year, the company 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. Analysts expect that InterDigital, Inc. will post 9.52 earnings per share for the current fiscal year.
InterDigital Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Shareholders of record on Wednesday, October 14th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 0.9%. The ex-dividend date is Wednesday, October 14th. This is a positive change from InterDigital's previous quarterly dividend of $0.70. InterDigital's dividend payout ratio (DPR) is currently 32.30%.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on IDCC shares. Zacks Research upgraded shares of InterDigital from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 30th. Weiss Ratings upgraded shares of InterDigital from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, September 18th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $450.00.
Get Our Latest Report on InterDigital
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in IDCC. Congress Asset Management Co. raised its stake in InterDigital by 8.7% in the third quarter. Congress Asset Management Co. now owns 458,053 shares of the Wireless communications provider's stock valued at $149,357,000 after buying an additional 36,620 shares during the last quarter. Reinhart Partners LLC. grew its stake in shares of InterDigital by 9.0% during the second quarter. Reinhart Partners LLC. now owns 460,404 shares of the Wireless communications provider's stock worth $130,359,000 after acquiring an additional 38,115 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of InterDigital by 31.3% during the first quarter. Bank of America Corp DE now owns 266,724 shares of the Wireless communications provider's stock valued at $80,551,000 after acquiring an additional 63,524 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of InterDigital by 135.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 219,388 shares of the Wireless communications provider's stock valued at $66,255,000 after purchasing an additional 126,328 shares during the last quarter. Finally, Royal Bank of Canada raised its position in shares of InterDigital by 375.7% in the 1st 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 last quarter. 99.83% of the stock is owned by institutional investors and hedge funds.
InterDigital Company Profile
(
Get Free Report)
InterDigital, Inc is a research and development company that designs and develops advanced wireless, video and related technologies. Its work supports cellular communications, including 2G, 3G, 4G and 5G networks, as well as Wi-Fi, video coding, artificial intelligence and other connected-device applications. The company's technologies are incorporated into mobile phones, network equipment, consumer electronics and other wireless products.
InterDigital primarily commercializes its innovations through a patent-licensing business.
Featured Stories
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].
