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

InterDigital, Inc. (NASDAQ:IDCC) has received a consensus rating of “Buy” from the five ratings firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $416.6667.

A number of equities research analysts recently commented on IDCC shares. Zacks Research upgraded shares of InterDigital from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. Weiss Ratings cut InterDigital from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th.

InterDigital Stock Up 0.1%

Shares of InterDigital stock opened at $342.42 on Friday. InterDigital has a one year low of $249.14 and a one year high of $412.60. The company has a market cap of $8.84 billion, a P/E ratio of 39.49 and a beta of 1.43. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.74 and a current ratio of 1.74. The firm has a fifty day moving average of $294.01 and a two-hundred day moving average of $312.64.

InterDigital (NASDAQ:IDCC) last issued its earnings results on Thursday, July 30th. The Wireless communications provider reported $4.62 earnings per share for the quarter, beating the consensus estimate of $0.90 by $3.72. InterDigital had a net margin of 38.32% and a return on equity of 28.17%. The business had revenue of $260.17 million for the quarter, compared to the consensus estimate of $143.10 million. During the same quarter in the previous year, the firm earned $6.52 earnings per share. The business’s quarterly revenue was down 13.4% compared to the same quarter last year. InterDigital has set its FY 2026 guidance at 10.850-12.810 EPS and its Q3 2026 guidance at 1.940-2.130 EPS. On average, analysts forecast that InterDigital will post 7.41 earnings per share for the current year.

InterDigital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 22nd. Investors of record on Wednesday, July 8th were paid a $0.70 dividend. The ex-dividend date was Wednesday, July 8th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.8%. InterDigital’s payout ratio is 32.30%.

Insider Activity

In other InterDigital news, Director John A. Kritzmacher sold 365 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 value of $100,973.60. Following the completion of the sale, the director owned 16,359 shares of the company’s stock, valued at approximately $4,525,553.76. This trade represents a 2.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Samir Armaly sold 470 shares of the business’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 $130,020.80. Following the sale, the director owned 4,608 shares in the company, valued at $1,274,757.12. The trade was a 9.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 7,672 shares of company stock valued at $2,240,797 over the last three months. 3.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On InterDigital

Large investors have recently made changes to their positions in the stock. Keating Financial Advisory Services Inc. purchased a new stake in InterDigital during the second quarter worth about $25,000. Kemnay Advisory Services Inc. purchased a new position in InterDigital in the fourth quarter valued at about $26,000. Anchor Investment Management LLC purchased a new position in InterDigital in the first quarter valued at about $30,000. Leonteq Securities AG acquired a new stake in shares of InterDigital during the 4th quarter valued at approximately $35,000. Finally, Hantz Financial Services Inc. lifted its position in shares of InterDigital by 219.0% during the 4th quarter. Hantz Financial Services Inc. now owns 134 shares of the Wireless communications provider’s stock valued at $43,000 after acquiring an additional 92 shares during the period. Hedge funds and other institutional investors own 99.83% of the company’s stock.

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.