InterDigital, Inc. (NASDAQ:IDCC – Get Free Report) has been assigned an average rating of “Moderate Buy” from the five research firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $416.6667.
A number of research analysts have commented on the company. Wall Street Zen raised 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. Roth Mkm reaffirmed a “buy” rating on shares of InterDigital in a report on Tuesday, January 20th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of InterDigital in a research note on Friday, May 1st.
Get Our Latest Analysis on IDCC
InterDigital Trading Down 3.6%
InterDigital (NASDAQ:IDCC – Get Free Report) last issued its earnings results on Thursday, April 30th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.54 by $0.03. The business had revenue of $205.42 million for the quarter, compared to analyst estimates of $196.85 million. InterDigital had a net margin of 44.20% and a return on equity of 35.25%. The company’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the business 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, research analysts expect that InterDigital will post 7.59 EPS for the current fiscal year.
InterDigital Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 22nd. Investors of record on Wednesday, April 8th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Wednesday, April 8th. InterDigital’s dividend payout ratio is currently 26.37%.
Insider Buying and Selling at InterDigital
In other InterDigital news, Director Joan H. Gillman sold 325 shares of the firm’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $352.24, for a total value of $114,478.00. Following the transaction, the director owned 22,036 shares of the company’s stock, valued at $7,761,960.64. This trade represents a 1.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Richard Brezski sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $352.24, for a total value of $704,480.00. Following the transaction, the chief financial officer directly owned 70,404 shares of the company’s stock, valued at $24,799,104.96. This trade represents a 2.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 11,292 shares of company stock worth $3,917,125. Insiders own 2.30% of the company’s stock.
Institutional Investors Weigh In On InterDigital
Hedge funds have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD grew its position in shares of 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. Norges Bank acquired a new position in InterDigital during the 4th quarter valued at about $128,918,000. Geode Capital Management LLC boosted its stake 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 valued at $251,250,000 after purchasing an additional 123,686 shares during the period. M&T Bank Corp grew its position in InterDigital by 14,563.6% in the 4th quarter. M&T Bank Corp now owns 109,244 shares of the Wireless communications provider’s stock worth $34,781,000 after purchasing an additional 108,499 shares during the last quarter. Finally, Invesco Ltd. increased its stake in shares of InterDigital by 24.8% in the fourth quarter. Invesco Ltd. now owns 450,863 shares of the Wireless communications provider’s stock valued at $143,546,000 after purchasing an additional 89,647 shares during the period. 99.83% of the stock is currently owned by institutional investors.
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.
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