InterDigital (NASDAQ:IDCC) Director Sells $100,973.60 in Stock

InterDigital, Inc. (NASDAQ:IDCCGet Free Report) Director John Kritzmacher sold 365 shares of the business’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $276.64, for a total transaction of $100,973.60. Following the completion of the transaction, the director directly owned 16,359 shares in the company, valued at $4,525,553.76. This trade represents a 2.18% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

InterDigital Stock Performance

IDCC opened at $296.04 on Friday. The stock has a market capitalization of $7.65 billion, a price-to-earnings ratio of 27.88 and a beta of 1.43. The company has a fifty day moving average of $298.47 and a 200 day moving average of $324.31. InterDigital, Inc. has a fifty-two week low of $213.06 and a fifty-two week high of $412.60. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.88 and a current ratio of 1.88.

InterDigital (NASDAQ:IDCCGet Free Report) last announced its quarterly earnings results on Thursday, April 30th. The Wireless communications provider reported $2.57 EPS for the quarter, topping the consensus estimate of $2.54 by $0.03. The business had revenue of $205.42 million for the quarter, compared to analysts’ expectations of $196.85 million. InterDigital had a net margin of 44.20% and a return on equity of 35.25%. The business’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.45 EPS. InterDigital has set its Q2 2026 guidance at 1.410-1.600 EPS and its FY 2026 guidance at 8.740-11.840 EPS. As a group, sell-side analysts forecast that InterDigital, Inc. will post 7.41 earnings per share for the current fiscal year.

InterDigital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 8th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, July 8th. InterDigital’s payout ratio is 26.37%.

Hedge Funds Weigh In On InterDigital

Institutional investors and hedge funds have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD raised its holdings in InterDigital by 62.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,222,111 shares of the Wireless communications provider’s stock valued at $707,477,000 after buying an additional 854,845 shares during the period. Geode Capital Management LLC lifted its position in InterDigital by 18.6% in the fourth quarter. Geode Capital Management LLC now owns 787,546 shares of the Wireless communications provider’s stock worth $251,250,000 after buying an additional 123,686 shares during the last quarter. Invesco Ltd. boosted its stake in InterDigital by 24.8% during the fourth quarter. Invesco Ltd. now owns 450,863 shares of the Wireless communications provider’s stock worth $143,546,000 after buying an additional 89,647 shares during the period. Reinhart Partners LLC. boosted its stake in InterDigital by 1.3% during the fourth quarter. Reinhart Partners LLC. now owns 417,639 shares of the Wireless communications provider’s stock worth $132,973,000 after buying an additional 5,293 shares during the period. Finally, Norges Bank bought a new position in InterDigital during the fourth quarter valued at $128,918,000. Hedge funds and other institutional investors own 99.83% of the company’s stock.

Analyst Upgrades and Downgrades

IDCC has been the subject of several research analyst reports. Jefferies Financial Group restated a “buy” rating on shares of InterDigital in a report on Wednesday, March 18th. Wall Street Zen raised shares of InterDigital from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Finally, Weiss Ratings downgraded shares of InterDigital from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, June 12th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $416.67.

Check Out Our Latest Report on IDCC

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InterDigital Company Profile

(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

Insider Buying and Selling by Quarter for InterDigital (NASDAQ:IDCC)

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