InterDigital (NASDAQ:IDCC) Director Samir Armaly Sells 470 Shares

InterDigital, Inc. (NASDAQ:IDCCGet Free Report) Director Samir Armaly sold 470 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $276.64, for a total value of $130,020.80. Following the completion of the sale, the director owned 4,608 shares of the company’s stock, valued at approximately $1,274,757.12. The trade was a 9.26% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

InterDigital Stock Performance

Shares of IDCC opened at $287.15 on Wednesday. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.01. The business has a 50-day simple moving average of $299.42 and a two-hundred day simple moving average of $325.26. The stock has a market cap of $7.42 billion, a price-to-earnings ratio of 27.04 and a beta of 1.43. InterDigital, Inc. has a 52 week low of $213.06 and a 52 week high of $412.60.

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

InterDigital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 8th will be given a $0.70 dividend. The ex-dividend date is Wednesday, July 8th. This represents a $2.80 dividend on an annualized basis and a yield of 1.0%. InterDigital’s dividend payout ratio is presently 26.37%.

Key Headlines Impacting InterDigital

Here are the key news stories impacting InterDigital this week:

Institutional Trading of InterDigital

Institutional investors have recently made changes to their positions in the business. Pictet Asset Management Holding SA grew its position in shares of InterDigital by 293.5% during the fourth quarter. Pictet Asset Management Holding SA now owns 14,098 shares of the Wireless communications provider’s stock worth $4,489,000 after purchasing an additional 10,515 shares in the last quarter. PFA Pension Forsikringsaktieselskab purchased a new stake in shares of InterDigital during the fourth quarter worth about $1,852,000. Principal Financial Group Inc. grew its position in shares of InterDigital by 4.6% during the fourth quarter. Principal Financial Group Inc. now owns 146,320 shares of the Wireless communications provider’s stock worth $46,585,000 after purchasing an additional 6,494 shares in the last quarter. Inceptionr LLC purchased a new stake in shares of InterDigital during the third quarter worth about $1,101,000. Finally, Bernardo Wealth Planning LLC purchased a new stake in shares of InterDigital during the fourth quarter worth about $1,230,000. Hedge funds and other institutional investors own 99.83% of the company’s stock.

Analyst Upgrades and Downgrades

IDCC has been the subject of a number of analyst reports. Jefferies Financial Group restated a “buy” rating on shares of InterDigital in a research report on Wednesday, March 18th. Wall Street Zen upgraded InterDigital from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, Weiss Ratings cut InterDigital from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $416.67.

Read Our Latest Stock Report on IDCC

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.

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

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