InterDigital (NASDAQ:IDCC) Insider Joshua Schmidt Sells 6,000 Shares

InterDigital, Inc. (NASDAQ:IDCC) insider Joshua Schmidt sold 6,000 shares of the stock in a transaction that occurred on 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 sale, the insider directly owned 25,889 shares in the company, valued at $9,014,808.69. This trade represents a 18.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

InterDigital Stock Performance

IDCC stock opened at $351.33 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.84 and a quick ratio of 1.84. The company has a 50 day moving average price of $345.77 and a 200 day moving average price of $344.56. InterDigital, Inc. has a fifty-two week low of $180.60 and a fifty-two week high of $412.60. The stock has a market capitalization of $9.03 billion, a PE ratio of 29.45 and a beta of 1.57.

InterDigital (NASDAQ:IDCC) last posted its quarterly earnings data on Thursday, February 5th. The Wireless communications provider reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.47. The firm had revenue of $158.23 million for the quarter, compared to the consensus estimate of $155.57 million. InterDigital had a return on equity of 41.09% and a net margin of 48.76%.The business’s revenue for the quarter was down 37.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.15 EPS. InterDigital has set its Q1 2026 guidance at 2.390-2.680 EPS. Analysts forecast that InterDigital, Inc. will post 9.21 EPS for the current year.

Institutional Investors Weigh In On InterDigital

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Forty three Eighteen Advisors LLC acquired a new position in shares of InterDigital in the 4th quarter valued at $251,000. Rockefeller Capital Management L.P. increased its position in shares of InterDigital by 19.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 46,317 shares of the Wireless communications provider’s stock valued at $14,746,000 after buying an additional 7,553 shares in the last quarter. Hsbc Holdings PLC raised its stake in InterDigital by 2,027.6% during the 4th quarter. Hsbc Holdings PLC now owns 18,170 shares of the Wireless communications provider’s stock worth $5,820,000 after buying an additional 17,316 shares during the period. Caitong International Asset Management Co. Ltd lifted its holdings in InterDigital by 431.1% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 239 shares of the Wireless communications provider’s stock worth $76,000 after acquiring an additional 194 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its holdings in InterDigital by 2,700.1% during the fourth quarter. Pacer Advisors Inc. now owns 68,659 shares of the Wireless communications provider’s stock worth $21,860,000 after acquiring an additional 66,207 shares in the last quarter. Institutional investors own 99.83% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Wall Street Zen upgraded InterDigital from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Zacks Research cut InterDigital from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. Roth Mkm restated a “buy” rating on shares of InterDigital in a research report on Tuesday, January 20th. UBS Group set a $425.00 target price on shares of InterDigital in a research note on Monday, December 1st. Finally, Weiss Ratings cut shares of InterDigital from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday, December 29th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, InterDigital presently has an average rating of “Moderate Buy” and a consensus price target of $416.67.

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.