InterDigital, Inc. (NASDAQ:IDCC – Get Free Report) Director Derek Aberle sold 522 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 transaction of $144,406.08. Following the completion of the sale, the director owned 7,620 shares in the company, valued at $2,107,996.80. This represents a 6.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
InterDigital Stock Performance
NASDAQ:IDCC opened at $288.87 on Tuesday. The firm’s 50-day moving average is $299.94 and its 200-day moving average is $325.77. The company has a market cap of $7.46 billion, a price-to-earnings ratio of 27.20 and a beta of 1.43. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.88 and a current ratio of 1.88. InterDigital, Inc. has a 52-week low of $213.06 and a 52-week high of $412.60.
InterDigital (NASDAQ:IDCC – Get Free Report) last released its 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. InterDigital had a net margin of 44.20% and a return on equity of 35.25%. The business had revenue of $205.42 million during the quarter, compared to analysts’ expectations of $196.85 million. During the same quarter last year, the company earned $3.45 earnings per share. The firm’s revenue was down 2.4% on a year-over-year basis. InterDigital has set its Q2 2026 guidance at 1.410-1.600 EPS and its FY 2026 guidance at 8.740-11.840 EPS. Equities research analysts anticipate that InterDigital, Inc. will post 7.41 earnings per share for the current year.
InterDigital Announces Dividend
Institutional Investors Weigh In On InterDigital
Several large investors have recently modified their holdings of the stock. NewEdge Advisors LLC lifted its position in shares of InterDigital by 37.6% during the 1st quarter. NewEdge Advisors LLC now owns 3,911 shares of the Wireless communications provider’s stock worth $809,000 after buying an additional 1,069 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of InterDigital by 5.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 77,066 shares of the Wireless communications provider’s stock valued at $15,933,000 after acquiring an additional 4,105 shares during the period. Russell Investments Group Ltd. lifted its holdings in shares of InterDigital by 85.8% during the second quarter. Russell Investments Group Ltd. now owns 6,407 shares of the Wireless communications provider’s stock valued at $1,437,000 after acquiring an additional 2,958 shares during the period. AXA S.A. boosted its stake in shares of InterDigital by 12.4% in the 2nd quarter. AXA S.A. now owns 34,283 shares of the Wireless communications provider’s stock valued at $7,687,000 after purchasing an additional 3,788 shares in the last quarter. Finally, Qube Research & Technologies Ltd grew its holdings in shares of InterDigital by 2.9% in the 2nd quarter. Qube Research & Technologies Ltd now owns 127,983 shares of the Wireless communications provider’s stock worth $28,698,000 after purchasing an additional 3,643 shares during the last quarter. 99.83% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
IDCC has been the topic of a number of research reports. Weiss Ratings cut InterDigital from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday. Wall Street Zen raised InterDigital from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of InterDigital in a research note on Wednesday, March 18th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, InterDigital currently has an average rating of “Moderate Buy” and a consensus price target of $416.67.
View Our Latest Stock Report on InterDigital
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.
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