On October 7, 2024, Rajesh Pankaj, Chief Technology Officer of InterDigital Inc (IDCC, Financial), executed a sale of 700 shares of the company. The transaction was filed on the same day with the SEC. Following this transaction, the insider now owns 54,983.6676 shares of InterDigital Inc.
InterDigital Inc (IDCC, Financial) specializes in mobile and video technology development, with a focus on advancing mobile communications and digital content delivery. The company's technologies are at the heart of mobile devices, networks, and services worldwide, helping to enhance the user experience and increase network efficiency across the telecommunications ecosystem.
Over the past year, Rajesh Pankaj has sold a total of 5,950 shares and has not made any purchases of the company's stock. This recent sale is part of a broader trend observed within the company, where there have been 24 insider sells and no insider buys over the past year.
Shares of InterDigital Inc were trading at $142.78 on the day of the sale. The company has a market cap of approximately $3.671 billion. The price-earnings ratio of InterDigital Inc stands at 14.70, which is below both the industry median of 26.735 and the company's historical median.
According to the GF Value, the intrinsic value of InterDigital Inc is estimated at $126.74 per share, making the stock Modestly Overvalued with a price-to-GF-Value ratio of 1.13.
This insider sale might interest investors tracking insider behaviors as an indicator of confidence levels regarding the company's current valuation and future prospects.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
