InterDigital, Inc. (NASDAQ:IDCC) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of InterDigital, Inc. (NASDAQ:IDCC) have received an average rating of “Moderate Buy” from the five research firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $416.6667.

A number of analysts have recently commented on IDCC shares. Weiss Ratings reissued a “buy (b)” rating on shares of InterDigital in a research note on Friday, May 1st. Jefferies Financial Group reissued a “buy” rating on shares of InterDigital in a research note on Wednesday, March 18th. Finally, Wall Street Zen raised shares of InterDigital from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th.

Insider Transactions at InterDigital

In other news, insider Joshua D. Schmidt sold 6,000 shares of the business’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $348.21, for a total transaction of $2,089,260.00. Following the completion of the sale, the insider owned 25,889 shares of the company’s stock, valued at $9,014,808.69. The trade was a 18.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Rajesh Pankaj sold 1,500 shares of the business’s stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $313.30, for a total transaction of $469,950.00. Following the sale, the chief technology officer directly owned 72,449 shares of the company’s stock, valued at $22,698,271.70. This represents a 2.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 8,500 shares of company stock valued at $2,927,310 in the last three months. Corporate insiders own 2.30% of the company’s stock.

Institutional Trading of InterDigital

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Bank of America Corp DE increased its stake in shares of InterDigital by 31.3% during the first quarter. Bank of America Corp DE now owns 266,724 shares of the Wireless communications provider’s stock worth $80,551,000 after purchasing an additional 63,524 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in InterDigital by 58.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 397 shares of the Wireless communications provider’s stock valued at $120,000 after acquiring an additional 147 shares in the last quarter. California State Teachers Retirement System grew its stake in InterDigital by 18.6% during the 1st quarter. California State Teachers Retirement System now owns 30,175 shares of the Wireless communications provider’s stock valued at $9,113,000 after acquiring an additional 4,737 shares in the last quarter. Royal Bank of Canada grew its stake in InterDigital by 375.7% during the 1st quarter. Royal Bank of Canada now owns 199,655 shares of the Wireless communications provider’s stock valued at $60,297,000 after acquiring an additional 157,687 shares in the last quarter. Finally, Ashford Capital Management Inc. grew its stake in InterDigital by 89.5% during the 1st quarter. Ashford Capital Management Inc. now owns 55,724 shares of the Wireless communications provider’s stock valued at $16,829,000 after acquiring an additional 26,316 shares in the last quarter. Hedge funds and other institutional investors own 99.83% of the company’s stock.

InterDigital Stock Performance

Shares of InterDigital stock opened at $252.09 on Monday. The firm has a 50-day simple moving average of $310.17 and a two-hundred day simple moving average of $331.96. The company has a market cap of $6.51 billion, a P/E ratio of 23.74 and a beta of 1.43. InterDigital has a fifty-two week low of $210.88 and a fifty-two week high of $412.60. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.88 and a current ratio of 1.88.

InterDigital (NASDAQ:IDCC) last issued its quarterly earnings data on Thursday, April 30th. The Wireless communications provider reported $2.57 earnings per share for the quarter, topping analysts’ consensus estimates of $2.54 by $0.03. The business had revenue of $205.42 million during the quarter, compared to the consensus estimate of $196.85 million. InterDigital had a net margin of 44.20% and a return on equity of 35.25%. The company’s revenue was down 2.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.45 earnings per share. InterDigital has set its Q2 2026 guidance at 1.410-1.600 EPS and its FY 2026 guidance at 8.740-11.840 EPS. As a group, equities analysts predict that InterDigital will post 7.59 earnings per share for the current fiscal year.

InterDigital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 8th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, April 8th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.1%. InterDigital’s payout ratio is currently 26.37%.

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.