InterDigital CTO Rajesh Pankaj sells $487,320 in company stock By Investing.com

Rajesh Pankaj, Chief Technology Officer at InterDigital, Inc. (), sold 1,500 shares of the company’s common stock on August 5, 2026.

The shares were sold at a price of $324.88 per share, resulting in a total transaction value of $487,320. This sale was made pursuant to a Rule 10b5-1 trading plan, which Mr. Pankaj adopted on November 20, 2025. Following the transaction, Mr. Pankaj directly holds 66,515.7125 shares of InterDigital common stock.The insider sale comes as IDCC shares trade at $328.41, near the transaction price, with the stock delivering a 25% return over the past year. According to InvestingPro analysis, the stock currently appears overvalued relative to its Fair Value estimate. The company maintains an impressive gross profit margin of 82.5% and has raised its dividend for three consecutive years, according to InvestingPro Tips. Investors seeking deeper insights can access the comprehensive Pro Research Report, available for IDCC and 1,400+ other US equities.

In other recent news, InterDigital reported significantly better-than-expected second-quarter 2026 earnings, with non-GAAP earnings of $4.62 per share on revenue of $260.2 million. These figures surpassed Wall Street estimates, which had forecast earnings of $1.08 per share and revenue of $144.05 million. The company also raised its full-year guidance, indicating stronger anticipated revenue, EBITDA, and earnings for the rest of 2026. InterDigital’s performance was bolstered by new licensing agreements with Amazon and favorable court rulings against Disney, enhancing its streaming and cloud strategy. The company achieved a record annualized recurring revenue of $625.7 million, marking a 13% increase from the previous year. Additionally, the strong second-quarter results were attributed to robust licensing revenue across various sectors, including smartphones, consumer electronics, streaming, and cloud services. Adjusted EBITDA for the quarter reached $184.1 million, reflecting a 71% margin. These developments highlight InterDigital’s successful implementation of its subscription-based licensing model, which provides long-term revenue visibility.

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