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

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

Several equities analysts have recently weighed in on IDCC shares. Weiss Ratings reiterated a “buy (b)” rating on shares of InterDigital in a research report on Friday, May 1st. Wall Street Zen upgraded 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 report on Wednesday, March 18th.

Insider Activity

In related news, insider Joshua D. Schmidt sold 6,000 shares of the business’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $348.21, for a total transaction of $2,089,260.00. Following the completion of the transaction, the insider directly owned 25,889 shares in the company, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 value of $469,950.00. Following the transaction, the chief technology officer owned 72,449 shares of the company’s stock, valued at approximately $22,698,271.70. The trade was a 2.03% 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. 2.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. NewEdge Advisors LLC increased its holdings in InterDigital by 37.6% during the 1st quarter. NewEdge Advisors LLC now owns 3,911 shares of the Wireless communications provider’s stock valued at $809,000 after purchasing an additional 1,069 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in InterDigital by 5.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 77,066 shares of the Wireless communications provider’s stock valued at $15,933,000 after purchasing an additional 4,105 shares during the period. Russell Investments Group Ltd. increased its holdings in InterDigital by 85.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 6,407 shares of the Wireless communications provider’s stock valued at $1,437,000 after purchasing an additional 2,958 shares during the period. AXA S.A. increased its holdings in InterDigital by 12.4% during the 2nd quarter. AXA S.A. now owns 34,283 shares of the Wireless communications provider’s stock valued at $7,687,000 after purchasing an additional 3,788 shares during the period. Finally, Qube Research & Technologies Ltd increased its holdings in InterDigital by 2.9% during the 2nd quarter. Qube Research & Technologies Ltd now owns 127,983 shares of the Wireless communications provider’s stock valued at $28,698,000 after purchasing an additional 3,643 shares during the period. Hedge funds and other institutional investors own 99.83% of the company’s stock.

InterDigital Stock Performance

Shares of InterDigital stock opened at $260.64 on Monday. The business’s fifty day simple moving average is $303.95 and its 200 day simple moving average is $328.69. The firm has a market capitalization of $6.73 billion, a P/E ratio of 24.54 and a beta of 1.43. InterDigital has a 12 month low of $213.06 and a 12 month high of $412.60. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.01.

InterDigital (NASDAQ:IDCC) last released its earnings results on Thursday, April 30th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.54 by $0.03. InterDigital had a return on equity of 35.25% and a net margin of 44.20%.The business had revenue of $205.42 million during the quarter, compared to the consensus estimate of $196.85 million. During the same period last year, the business posted $3.45 earnings per share. The business’s revenue for the quarter was down 2.4% on a year-over-year basis. 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, analysts anticipate that InterDigital will post 7.41 EPS for the current year.

InterDigital Dividend Announcement

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

About InterDigital

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.