Insider Selling: InterDigital (NASDAQ:IDCC) Director Sells 470 Shares of Stock

InterDigital, Inc. (NASDAQ:IDCC) Director Samir Armaly sold 470 shares of the firm’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 $130,020.80. Following the sale, the director owned 4,608 shares in the company, valued at approximately $1,274,757.12. The trade was a 9.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

InterDigital Trading Up 1.8%

IDCC opened at $288.87 on Tuesday. The stock has a market capitalization of $7.46 billion, a P/E ratio of 27.20 and a beta of 1.43. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.01. InterDigital, Inc. has a 12 month low of $213.06 and a 12 month high of $412.60. The firm’s fifty day simple moving average is $299.94 and its 200 day simple moving average is $325.77.

InterDigital (NASDAQ:IDCC) last released its earnings results on Thursday, April 30th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.54 by $0.03. InterDigital had a return on equity of 35.25% and a net margin of 44.20%.The firm had revenue of $205.42 million during the quarter, compared to analysts’ expectations of $196.85 million. During the same quarter in the prior year, the company earned $3.45 EPS. The company’s revenue was down 2.4% on a year-over-year basis. 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, research analysts anticipate that InterDigital, Inc. will post 7.41 EPS for the current fiscal year.

InterDigital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 8th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Wednesday, July 8th. InterDigital’s dividend payout ratio (DPR) is currently 26.37%.

Institutional Investors Weigh In On InterDigital

Several large investors have recently made changes to their positions in IDCC. Kemnay Advisory Services Inc. bought a new position in shares of InterDigital in the fourth quarter valued at $26,000. Anchor Investment Management LLC bought a new stake in InterDigital during the first quarter worth $30,000. Leonteq Securities AG acquired a new stake in InterDigital in the fourth quarter valued at $35,000. 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 acquiring an additional 71 shares during the last quarter. Finally, Financial Consulate Inc. bought a new position in shares of InterDigital in the 4th quarter valued at about $41,000. Institutional investors and hedge funds own 99.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Jefferies Financial Group reaffirmed a “buy” rating on shares of InterDigital in a research report on Wednesday, March 18th. Weiss Ratings downgraded shares of InterDigital from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday. Finally, Wall Street Zen raised shares of InterDigital from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, InterDigital currently has a consensus rating of “Moderate Buy” and a consensus price target of $416.67.

InterDigital Company Profile

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.