InterDigital, Inc. (NASDAQ:IDCC – Get Free Report) Director Joan Gillman sold 300 shares of the business’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $331.06, for a total value of $99,318.00. Following the completion of the transaction, the director owned 22,736 shares in the company, valued at $7,526,980.16. The trade was a 1.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
InterDigital Stock Performance
NASDAQ:IDCC opened at $344.56 on Monday. The stock has a 50-day moving average price of $277.69 and a 200 day moving average price of $311.56. The stock has a market capitalization of $8.89 billion, a P/E ratio of 39.74 and a beta of 1.43. InterDigital, Inc. has a 12-month low of $249.14 and a 12-month high of $412.60. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.01.
InterDigital (NASDAQ:IDCC – Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The Wireless communications provider reported $4.62 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $3.72. InterDigital had a return on equity of 28.17% and a net margin of 38.32%.The company had revenue of $260.17 million for the quarter, compared to analysts’ expectations of $143.10 million. During the same period in the previous year, the firm earned $6.52 EPS. The firm’s 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. Equities research analysts forecast that InterDigital, Inc. will post 7.41 EPS for the current fiscal year.
InterDigital Announces Dividend
Analyst Ratings Changes
Several research analysts have commented on IDCC shares. Zacks Research raised shares of InterDigital from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. Weiss Ratings downgraded InterDigital from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $416.67.
Read Our Latest Stock Analysis on IDCC
Institutional Trading of InterDigital
Several hedge funds have recently made changes to their positions in IDCC. Kemnay Advisory Services Inc. bought a new stake in InterDigital during the fourth quarter worth approximately $26,000. Anchor Investment Management LLC bought a new stake in shares of InterDigital in the 1st quarter valued at approximately $30,000. Leonteq Securities AG bought a new stake in shares of InterDigital in the 4th quarter valued at approximately $35,000. Hantz Financial Services Inc. boosted its holdings in shares of InterDigital by 219.0% in the 4th quarter. Hantz Financial Services Inc. now owns 134 shares of the Wireless communications provider’s stock worth $43,000 after purchasing an additional 92 shares during the period. Finally, Greenline Wealth Management LLC purchased a new position in shares of InterDigital in the 4th quarter worth approximately $48,000. 99.83% of the stock is currently owned by hedge funds and other 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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