These are top 10 stocks traded on the Robinhood UK platform in July
InterDigital , Inc. (NASDAQ:IDCC) Chief Technology Officer Pankaj Rajesh recently sold shares of the company’s common stock, according to a filing with the Securities and Exchange Commission. On February 5, Rajesh sold 700 shares at a price of $185 each, totaling $129,500. The stock has since continued its upward momentum, rising to $211.79, marking a significant 15.74% gain over the past week. According to InvestingPro analysis, the stock is currently trading near its 52-week high of $213.37, with technical indicators suggesting overbought conditions. This transaction was conducted under a Rule 10b5-1 trading plan that Rajesh adopted on May 9, 2024. Following the sale, he retains ownership of approximately 52,396 shares. The company, currently valued at $5.37 billion, maintains impressive gross profit margins of 80.51%. For deeper insights into InterDigital’s valuation and performance metrics, InvestingPro subscribers can access a comprehensive Pro Research Report, one of 1,400+ detailed company analyses available on the platform.
In other recent news, InterDigital Inc. has been the focus of positive developments in its financial performance and future outlook. The company significantly exceeded analyst expectations in its fourth-quarter earnings, reporting adjusted earnings per share of $5.15, surpassing the analyst consensus of $0.91. Revenue for the quarter came in at $252.8 million, beating the consensus estimate of $244.24 million, a 140% increase compared to the same quarter last year.
InterDigital also provided an upbeat full-year outlook for 2025, expecting revenue of $660 million to $760 million, well above the consensus estimate of $533 million. In addition, Jefferies analysts have revised their outlook on InterDigital, raising the price target to $210 from the previous $195, while maintaining a hold rating on the company’s shares.
This revision follows InterDigital’s announcement of another catch-up payment received in the fourth quarter, with expectations of additional payments in 2025. The firm noted InterDigital’s steady stream of catch-up payments, suggesting a stronger financial position moving forward. These recent developments highlight InterDigital’s consistent performance and potential for future revenue growth.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.