InterDigital (NASDAQ:IDCC) CTO Rajesh Pankaj Sells 1,000 Shares

InterDigital, Inc. (NASDAQ:IDCC) CTO Rajesh Pankaj sold 1,000 shares of the company’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $326.26, for a total transaction of $326,260.00. Following the sale, the chief technology officer directly owned 61,196 shares of the company’s stock, valued at approximately $19,965,806.96. This trade represents a 1.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Rajesh Pankaj also recently made the following trade(s):

• On Monday, January 5th, Rajesh Pankaj sold 1,000 shares of InterDigital stock. The stock was sold at an average price of $326.75, for a total value of $326,750.00.

InterDigital Stock Performance

Shares of NASDAQ:IDCC opened at $376.60 on Tuesday. The business’s 50-day simple moving average is $331.90 and its 200 day simple moving average is $325.66. The company has a market cap of $9.67 billion, a P/E ratio of 31.57 and a beta of 1.58. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.84 and a current ratio of 1.84. InterDigital, Inc. has a one year low of $180.60 and a one year high of $412.60.

InterDigital (NASDAQ:IDCC) last issued its quarterly earnings data on Thursday, February 5th. The Wireless communications provider reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.65 by $0.47. InterDigital had a net margin of 48.76% and a return on equity of 41.09%. The company had revenue of $158.23 million during the quarter, compared to the consensus estimate of $155.57 million. During the same quarter last year, the company earned $5.15 earnings per share. InterDigital’s revenue for the quarter was down 37.4% on a year-over-year basis. InterDigital has set its Q1 2026 guidance at 2.390-2.680 EPS. On average, sell-side analysts forecast that InterDigital, Inc. will post 9.21 earnings per share for the current fiscal year.

InterDigital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 28th. Shareholders of record on Wednesday, January 14th were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, January 14th. InterDigital’s dividend payout ratio is presently 23.47%.

Hedge Funds Weigh In On InterDigital

Several institutional investors have recently made changes to their positions in the stock. Root Financial Partners LLC bought a new stake in shares of InterDigital in the 3rd quarter worth approximately $30,000. Aster Capital Management DIFC Ltd lifted its stake in InterDigital by 186.8% in the third quarter. Aster Capital Management DIFC Ltd now owns 109 shares of the Wireless communications provider’s stock valued at $38,000 after buying an additional 71 shares during the last quarter. Leonteq Securities AG bought a new stake in InterDigital in the fourth quarter valued at $35,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of InterDigital during the second quarter valued at $28,000. Finally, Financial Consulate Inc. bought a new position in shares of InterDigital during the fourth quarter worth about $41,000. 99.83% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on IDCC. Roth Mkm reissued a “buy” rating on shares of InterDigital in a report on Tuesday, January 20th. Weiss Ratings downgraded shares of InterDigital from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday, December 29th. Jefferies Financial Group set a $475.00 price target on shares of InterDigital and gave the company a “buy” rating in a report on Thursday, October 30th. Zacks Research lowered shares of InterDigital from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. Finally, UBS Group set a $425.00 target price on shares of InterDigital in a research report on Monday, December 1st. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $416.67.

About InterDigital

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.