On November 5, 2024, Rajesh Pankaj, Chief Technology Officer of InterDigital Inc (IDCC, Financial), sold 700 shares of the company at a price of $164.66 per share. The transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 54,396.6625 shares of InterDigital Inc.
InterDigital Inc (IDCC, Financial) specializes in mobile technology and develops mobile technologies that are at the core of devices, networks, and services worldwide. The company has a strong focus on delivering more efficient wireless networks and richer multimedia experiences, fostering innovation throughout the mobile ecosystem.
Over the past year, Rajesh Pankaj has sold a total of 6,000 shares of the company and has not made any purchases. 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.
The shares of InterDigital Inc were trading at $164.66 on the day of the sale, giving the company a market cap of approximately $4.493 billion. The price-earnings ratio of the company stands at 18.94, which is below both the industry median of 26.3 and the company’s historical median.
According to the GF Value, the intrinsic value of InterDigital Inc is estimated at $130.73 per share, making the stock significantly overvalued with a price-to-GF-Value ratio of 1.26.
This valuation is based on historical trading multiples like the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted by GuruFocus for past returns and growth, and supplemented with future business performance estimates from Morningstar analysts.
The recent insider selling activity could be of interest to current and potential investors, providing insights into the insider's perspective on the stock's 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.
