Brokerages Set InterDigital, Inc. (NASDAQ:IDCC) Price Target at $416.67

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

A number of equities research analysts have recently commented on the company. Roth Mkm restated a “buy” rating on shares of InterDigital in a research report on Tuesday, January 20th. Jefferies Financial Group reaffirmed a “buy” rating on shares of InterDigital in a report on Wednesday. Weiss Ratings downgraded InterDigital from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday, December 29th. UBS Group set a $425.00 price objective on InterDigital in a report on Monday, December 1st. Finally, Wall Street Zen raised InterDigital from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th.

Insider Buying and Selling

In other InterDigital news, Director Joan H. Gillman sold 325 shares of the company’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $352.24, for a total transaction of $114,478.00. Following the completion of the transaction, the director directly owned 22,036 shares in the company, valued at approximately $7,761,960.64. This represents a 1.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CTO Rajesh Pankaj sold 1,000 shares of the company’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $368.10, for a total transaction of $368,100.00. Following the transaction, the chief technology officer owned 60,196 shares of the company’s stock, valued at $22,158,147.60. This represents a 1.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 50,054 shares of company stock worth $16,777,327 in the last 90 days. 2.30% of the stock is owned by insiders.

Institutional Investors Weigh In On InterDigital

Several institutional investors have recently bought and sold shares of IDCC. Price T Rowe Associates Inc. MD boosted its position in InterDigital by 62.5% during the fourth 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 acquiring an additional 854,845 shares during the last quarter. Geode Capital Management LLC lifted its stake in InterDigital by 18.6% in 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 in the last quarter. Invesco Ltd. boosted its holdings in shares of InterDigital by 24.8% during the 4th quarter. Invesco Ltd. now owns 450,863 shares of the Wireless communications provider’s stock worth $143,546,000 after purchasing an additional 89,647 shares during the last quarter. Reinhart Partners LLC. boosted its holdings in shares of InterDigital by 1.3% during the 4th quarter. Reinhart Partners LLC. now owns 417,639 shares of the Wireless communications provider’s stock worth $132,973,000 after purchasing an additional 5,293 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of InterDigital in the fourth quarter valued at approximately $128,918,000. 99.83% of the stock is currently owned by institutional investors and hedge funds.

InterDigital Price Performance

Shares of NASDAQ IDCC opened at $325.69 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 stock has a market capitalization of $8.37 billion, a price-to-earnings ratio of 27.30 and a beta of 1.57. The firm’s 50 day simple moving average is $347.88 and its 200-day simple moving average is $345.94. InterDigital has a 12 month low of $180.60 and a 12 month high of $412.60.

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

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.