Samir Armaly, a director at InterDigital, Inc. (NASDAQ:IDCC), sold 470 shares of the company’s common stock for a total of $130,020. The shares were sold at a price of $276.64 each.
The transaction occurred on June 12, 2026. Following this sale, Armaly directly holds 4,608 shares of InterDigital common stock. The stock currently trades at $288.87, up 12% over the past week, with the company maintaining a market capitalization of $7.47 billion.
The sale was executed under a Rule 10b5-1 trading plan, which was adopted on August 8, 2025. This plan was established to cover estimated tax obligations related to the vesting of restricted stock units.According to InvestingPro analysis, InterDigital is trading near its Fair Value with a "GREAT" financial health score. For deeper insights into IDCC’s valuation and comprehensive analysis, investors can access the detailed Pro Research Report available exclusively on InvestingPro.
In other recent news, InterDigital Inc. reported impressive first-quarter 2026 results, exceeding both earnings and revenue expectations. The company posted an earnings per share of $2.57, significantly higher than the projected $1.64, and revenue of $205 million, surpassing the forecast of $167.35 million. Additionally, InterDigital announced a patent license agreement with Amazon, covering services and devices such as Amazon Prime Video, while resolving existing legal disputes through binding arbitration. The company also secured an IoT patent license agreement with a fintech firm in the payments sector, which includes coverage for point-of-sale devices under various cellular and Wi-Fi standards.
In a legal development, the Mannheim Local Division of the Unified Patent Court granted an injunction against Disney for infringing on InterDigital’s video encoding patent related to HEVC. Disney has the option to appeal this decision. Furthermore, InterDigital’s Board of Directors declared a regular quarterly cash dividend of $0.70 per share, payable in July 2026 to shareholders of record. These recent developments indicate active engagement in both legal and business agreements for InterDigital.
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