Joshua Schmidt Sells 467 Shares of InterDigital (NASDAQ:IDCC) Stock

InterDigital, Inc. (NASDAQ:IDCC) insider Joshua Schmidt sold 467 shares of the business’s stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $365.86, for a total value of $170,856.62. Following the sale, the insider owned 27,021 shares of the company’s stock, valued at approximately $9,885,903.06. This represents a 1.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

InterDigital Stock Performance

Shares of NASDAQ IDCC opened at $373.31 on Thursday. 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’s fifty day moving average price is $339.22 and its two-hundred day moving average price is $338.04. InterDigital, Inc. has a one year low of $180.60 and a one year high of $412.60. The firm has a market cap of $9.59 billion, a price-to-earnings ratio of 31.29 and a beta of 1.57.

InterDigital (NASDAQ:IDCC) last posted its earnings results on Thursday, February 5th. The Wireless communications provider reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.65 by $0.47. InterDigital had a return on equity of 41.09% and a net margin of 48.76%.The company had revenue of $158.23 million during the quarter, compared to the consensus estimate of $155.57 million. During the same quarter last year, the firm earned $5.15 earnings per share. The company’s revenue was down 37.4% on a year-over-year basis. InterDigital has set its Q1 2026 guidance at 2.390-2.680 EPS. On average, equities 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 business. Kemnay Advisory Services Inc. acquired a new stake in shares of InterDigital in the 4th quarter valued at $26,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of InterDigital during the 2nd quarter worth $28,000. Root Financial Partners LLC bought a new stake in shares of InterDigital during the 3rd quarter worth $30,000. Leonteq Securities AG acquired a new stake in InterDigital in the fourth quarter valued at about $35,000. Finally, Aster Capital Management DIFC Ltd grew its position in InterDigital by 186.8% in the third quarter. Aster Capital Management DIFC Ltd now owns 109 shares of the Wireless communications provider’s stock valued at $38,000 after acquiring an additional 71 shares during the last quarter. 99.83% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

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.