InterDigital (NASDAQ:IDCC – Get Free Report) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Monday, Zacks reports.
Separately, Weiss Ratings raised shares of InterDigital from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Three research 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 presently has an average rating of “Moderate Buy” and a consensus target price of $450.00.
Read Our Latest Analysis on InterDigital
InterDigital Price Performance
Shares of NASDAQ IDCC opened at $326.78 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.74 and a quick ratio of 1.74. The firm has a market capitalization of $8.43 billion, a PE ratio of 37.69 and a beta of 1.43. InterDigital has a 1-year low of $249.14 and a 1-year high of $412.60. The business’s fifty day moving average price is $334.40 and its two-hundred day moving average price is $307.67.
InterDigital (NASDAQ:IDCC – Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The Wireless communications provider reported $4.62 earnings per share (EPS) 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 company had revenue of $260.17 million during the quarter, compared to the consensus estimate of $143.10 million. During the same quarter in the previous year, the company posted $6.52 earnings per share. The company’s revenue for the quarter 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, research analysts expect that InterDigital will post 9.42 EPS for the current year.
Insiders Place Their Bets
In other InterDigital news, Director Joan Gillman sold 300 shares of the business’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $331.06, for a total transaction of $99,318.00. Following the completion of the transaction, the director owned 22,736 shares in the company, valued at approximately $7,526,980.16. The trade was a 1.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Rajesh Pankaj sold 1,500 shares of the stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $324.88, for a total value of $487,320.00. Following the completion of the transaction, the chief technology officer directly owned 66,516 shares of the company’s stock, valued at approximately $21,609,718.08. The trade was a 2.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 4,800 shares of company stock valued at $1,595,118 in the last quarter. 3.50% of the stock is currently owned by insiders.
Institutional Investors Weigh In On InterDigital
Hedge funds and other institutional investors have recently modified their holdings of the stock. Diversify Advisory Services LLC grew its position in InterDigital by 11.2% in the 3rd quarter. Diversify Advisory Services LLC now owns 886 shares of the Wireless communications provider’s stock valued at $291,000 after buying an additional 89 shares in the last quarter. Novem Group increased its stake in InterDigital by 8.8% during the 3rd quarter. Novem Group now owns 3,308 shares of the Wireless communications provider’s stock valued at $1,079,000 after buying an additional 267 shares during the period. Independent Wealth Network Inc. acquired a new position in InterDigital during the 3rd quarter valued at about $222,000. Counterpoint Mutual Funds LLC increased its stake in InterDigital by 25.2% during the 3rd quarter. Counterpoint Mutual Funds LLC now owns 2,370 shares of the Wireless communications provider’s stock valued at $773,000 after buying an additional 477 shares during the period. Finally, Stronghold Wealth Management L.L.C. bought a new stake in shares of InterDigital during the 3rd quarter worth about $208,000. 99.83% of the stock is currently owned by institutional investors.
About InterDigital
InterDigital, Inc is a technology research and development company that creates advanced wireless, video and related connectivity technologies. Its work supports communications across cellular networks, including 4G and 5G, as well as Wi-Fi, the Internet of Things and other connected devices.
The company’s primary business is developing intellectual property and licensing its patented technologies to manufacturers and other industry participants. Its portfolio includes innovations related to wireless communications, radio access networks, signal processing, video compression and delivery, and connected-device functionality.
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