InterDigital (NASDAQ:IDCC) Upgraded by Wall Street Zen to “Hold” Rating

InterDigital (NASDAQ:IDCC) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

IDCC has been the subject of a number of other research reports. UBS Group set a $425.00 target price on shares of InterDigital in a research note on Monday, December 1st. Weiss Ratings lowered InterDigital from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday, December 29th. Zacks Research cut InterDigital from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. Finally, Roth Mkm reiterated a “buy” rating on shares of InterDigital in a research report on Tuesday, January 20th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, InterDigital has an average rating of “Moderate Buy” and an average target price of $416.67.

InterDigital Stock Down 1.8%

IDCC opened at $357.06 on Friday. The firm has a market cap of $9.17 billion, a price-to-earnings ratio of 29.93 and a beta of 1.57. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.84 and a current ratio of 1.84. The firm’s 50-day simple moving average is $340.46 and its 200-day simple moving average is $338.82. InterDigital has a twelve month low of $180.60 and a twelve month high of $412.60.

InterDigital (NASDAQ:IDCC) last announced its quarterly earnings results on Thursday, February 5th. The Wireless communications provider reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.65 by $0.47. The firm had revenue of $158.23 million during the quarter, compared to the consensus estimate of $155.57 million. InterDigital had a net margin of 48.76% and a return on equity of 41.09%. The firm’s quarterly revenue was down 37.4% on a year-over-year basis. During the same period last year, the firm posted $5.15 EPS. InterDigital has set its Q1 2026 guidance at 2.390-2.680 EPS. Equities research analysts anticipate that InterDigital will post 9.21 EPS for the current fiscal year.

Insider Activity

In other news, CTO Rajesh Pankaj sold 1,000 shares of InterDigital stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $368.10, for a total transaction of $368,100.00. Following the completion of the sale, the chief technology officer owned 60,196 shares in the company, valued at $22,158,147.60. The trade was a 1.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John D. Jr. Markley sold 700 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $374.95, for a total transaction of $262,465.00. Following the sale, the director directly owned 11,223 shares of the company’s stock, valued at approximately $4,208,063.85. This trade represents a 5.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 45,304 shares of company stock worth $15,134,779. Corporate insiders own 2.80% of the company’s stock.

Hedge Funds Weigh In On InterDigital

Hedge funds and other institutional investors have recently bought and sold shares of the business. Hsbc Holdings PLC raised its position in shares of InterDigital by 2,027.6% in the 4th quarter. Hsbc Holdings PLC now owns 18,170 shares of the Wireless communications provider’s stock valued at $5,820,000 after acquiring an additional 17,316 shares during the period. Caitong International Asset Management Co. Ltd increased its position in shares of InterDigital by 431.1% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 239 shares of the Wireless communications provider’s stock valued at $76,000 after buying an additional 194 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of InterDigital by 2,700.1% in the 4th quarter. Pacer Advisors Inc. now owns 68,659 shares of the Wireless communications provider’s stock valued at $21,860,000 after buying an additional 66,207 shares in the last quarter. Invesco Ltd. raised its stake in InterDigital by 24.8% during the 4th quarter. Invesco Ltd. now owns 450,863 shares of the Wireless communications provider’s stock worth $143,546,000 after buying an additional 89,647 shares during the period. Finally, Mercer Global Advisors Inc. ADV raised its stake in InterDigital by 10.0% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 3,483 shares of the Wireless communications provider’s stock worth $1,109,000 after buying an additional 316 shares during the period. 99.83% of the stock is owned by institutional investors.

InterDigital Company Profile

InterDigital, Inc is a mobile and video technology research and development company that designs and licenses wireless communications and video compression innovations. Its patent portfolio encompasses key standards across 3G, 4G LTE and 5G wireless networks, as well as video and multimedia technologies. By focusing on fundamental technology creation rather than device manufacturing, InterDigital delivers core intellectual property to smartphone manufacturers, chipset vendors and telecommunications operators worldwide.

The company’s principal services include patent licensing, technology evaluation and consulting.