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

InterDigital, Inc. (NASDAQ:IDCC) has been assigned a consensus recommendation of “Moderate Buy” from the five brokerages that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $416.6667.

Separately, Weiss Ratings lowered shares of InterDigital from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, June 12th.

Insider Buying and Selling at InterDigital

In related news, Director Derek K. Aberle sold 522 shares of the firm’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 $144,406.08. Following the completion of the transaction, the director directly owned 7,620 shares of the company’s stock, valued at $2,107,996.80. This trade represents a 6.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Rajesh Pankaj sold 1,500 shares of InterDigital stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $286.00, for a total value of $429,000.00. Following the transaction, the chief technology officer directly owned 67,976 shares in the company, valued at $19,441,136. The trade was a 2.16% 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. Insiders sold 5,872 shares of company stock worth $1,654,159 over the last 90 days. Company insiders own 3.50% of the company’s stock.

Hedge Funds Weigh In On InterDigital

A number of hedge funds and other institutional investors have recently made changes to their positions in IDCC. Kemnay Advisory Services Inc. bought a new stake in InterDigital in the fourth quarter valued at approximately $26,000. Anchor Investment Management LLC bought a new position in InterDigital during the 1st quarter worth approximately $30,000. Leonteq Securities AG acquired a new position in shares of InterDigital in the 4th quarter worth approximately $35,000. Financial Consulate Inc. acquired a new position in shares of InterDigital in the 4th quarter worth approximately $41,000. Finally, Hantz Financial Services Inc. boosted its stake in shares of InterDigital by 219.0% in the 4th quarter. Hantz Financial Services Inc. now owns 134 shares of the Wireless communications provider’s stock valued at $43,000 after purchasing an additional 92 shares during the last quarter. 99.83% of the stock is owned by institutional investors and hedge funds.

InterDigital Stock Down 0.9%

Shares of NASDAQ IDCC opened at $258.18 on Tuesday. The company has a 50 day simple moving average of $269.88 and a 200 day simple moving average of $313.94. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.88 and a quick ratio of 1.88. InterDigital has a 1 year low of $213.06 and a 1 year high of $412.60. The firm has a market cap of $6.67 billion, a PE ratio of 24.31 and a beta of 1.42.

InterDigital (NASDAQ:IDCC) last posted its earnings results 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. InterDigital had a net margin of 44.20% and a return on equity of 35.25%. The firm had revenue of $205.42 million for the quarter, compared to analyst estimates of $196.85 million. During the same period in the previous year, the firm posted $3.45 EPS. The company’s revenue for the quarter was down 2.4% compared to the same quarter last year. 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, research analysts forecast that InterDigital will post 7.41 EPS for the current year.

InterDigital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 8th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Wednesday, July 8th. InterDigital’s dividend payout ratio is presently 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.