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

Shares of InterDigital, Inc. (NASDAQ:IDCC) have earned an average recommendation of “Moderate Buy” from the five analysts that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $416.6667.

IDCC has been the subject of several analyst reports. Wall Street Zen upgraded InterDigital from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Jefferies Financial Group reissued a “buy” rating on shares of InterDigital in a research report on Wednesday, March 18th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of InterDigital in a research report on Friday, May 1st.

Insiders Place Their Bets

In other news, CTO Rajesh Pankaj sold 1,500 shares of the company’s stock in a transaction on Monday, April 6th. The stock was sold at an average price of $313.30, for a total transaction of $469,950.00. Following the completion of the sale, the chief technology officer directly owned 72,449 shares in the company, valued at $22,698,271.70. This represents a 2.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Joshua D. Schmidt sold 6,000 shares of the company’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $348.21, for a total value of $2,089,260.00. Following the sale, the insider owned 25,889 shares of the company’s stock, valued at approximately $9,014,808.69. The trade was a 18.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 2.80% of the company’s stock.

Institutional Trading of InterDigital

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its position in InterDigital by 62.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,222,111 shares of the Wireless communications provider’s stock worth $707,477,000 after purchasing an additional 854,845 shares during the period. Norges Bank purchased a new stake in InterDigital during the 4th quarter worth $128,918,000. Royal Bank of Canada boosted its position 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 worth $60,297,000 after purchasing an additional 157,687 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in InterDigital by 135.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 219,388 shares of the Wireless communications provider’s stock worth $66,255,000 after purchasing an additional 126,328 shares during the period. Finally, Geode Capital Management LLC boosted its position in InterDigital by 18.6% during the 4th quarter. Geode Capital Management LLC now owns 787,546 shares of the Wireless communications provider’s stock worth $251,250,000 after purchasing an additional 123,686 shares during the period. 99.83% of the stock is currently owned by institutional investors and hedge funds.

InterDigital Trading Down 0.2%

Shares of IDCC opened at $260.64 on Monday. The stock has a fifty day moving average of $303.95 and a two-hundred day moving average of $328.77. 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 company has a market capitalization of $6.74 billion, a PE ratio of 24.54 and a beta of 1.43. InterDigital has a fifty-two week low of $213.06 and a fifty-two week high of $412.60.

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

InterDigital Announces Dividend

The business also recently disclosed 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 annualized dividend 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.