InterDigital, Inc. (NASDAQ:IDCC) Receives Consensus Recommendation of “Moderate Buy” from Analysts

InterDigital, Inc. (NASDAQ:IDCC) has received an average rating of “Moderate Buy” from the five analysts that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $416.6667.

IDCC has been the topic of several research reports. Weiss Ratings lowered InterDigital from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, June 12th. Wall Street Zen raised InterDigital from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of InterDigital in a research note on Wednesday, March 18th.

Insider Activity at InterDigital

In other news, Director John A. Kritzmacher sold 365 shares of InterDigital stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $276.64, for a total transaction of $100,973.60. Following the sale, the director owned 16,359 shares in the company, valued at $4,525,553.76. This trade represents a 2.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Samir Armaly sold 470 shares of the business’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $276.64, for a total transaction of $130,020.80. Following the transaction, the director directly owned 4,608 shares in the company, valued at approximately $1,274,757.12. The trade was a 9.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 5,872 shares of company stock valued at $1,695,109. 3.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On InterDigital

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IDCC. Pictet Asset Management Holding SA raised its stake in InterDigital by 293.5% during the fourth quarter. Pictet Asset Management Holding SA now owns 14,098 shares of the Wireless communications provider’s stock worth $4,489,000 after acquiring an additional 10,515 shares during the period. Principal Financial Group Inc. grew its holdings in shares of InterDigital by 4.6% during the fourth quarter. Principal Financial Group Inc. now owns 146,320 shares of the Wireless communications provider’s stock valued at $46,585,000 after purchasing an additional 6,494 shares during the last quarter. PFA Pension Forsikringsaktieselskab acquired a new stake in shares of InterDigital during the 4th quarter worth approximately $1,852,000. Inceptionr LLC bought a new stake in shares of InterDigital in the 3rd quarter worth approximately $1,101,000. Finally, Bernardo Wealth Planning LLC bought a new stake in shares of InterDigital in the 4th quarter worth approximately $1,230,000. 99.83% of the stock is owned by hedge funds and other institutional investors.

InterDigital Trading Down 0.3%

NASDAQ IDCC opened at $273.20 on Friday. InterDigital has a one year low of $213.06 and a one year high of $412.60. The company’s 50 day moving average price is $291.86 and its 200 day moving average price is $322.08. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.88 and a current ratio of 1.88. The firm has a market capitalization of $7.06 billion, a price-to-earnings ratio of 25.73 and a beta of 1.43.

InterDigital (NASDAQ:IDCC) last issued its earnings results on Thursday, April 30th. The Wireless communications provider reported $2.57 EPS for the quarter, beating analysts’ consensus estimates of $2.54 by $0.03. The business had revenue of $205.42 million for 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 business’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same quarter last year, the firm posted $3.45 EPS. InterDigital has set its Q2 2026 guidance at 1.410-1.600 EPS and its FY 2026 guidance at 8.740-11.840 EPS. On average, sell-side analysts predict that InterDigital will post 7.41 EPS for the current year.

InterDigital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 8th will be given a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, July 8th. This represents a $2.80 annualized dividend and a yield of 1.0%. InterDigital’s dividend payout ratio (DPR) is 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.