Shares of InterDigital, Inc. (NASDAQ:IDCC – Get Free Report) passed above its 200-day moving average during trading on Tuesday after Weiss Ratings upgraded the stock from a buy (b-) rating to a buy (b) rating. The stock has a 200-day moving average of $307.67 and traded as high as $329.93. InterDigital shares last traded at $326.78, with a volume of 195,598 shares traded.
Separately, Zacks Research upgraded shares of InterDigital from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $450.00.
Read Our Latest Analysis on IDCC
Insiders Place Their Bets
In related news, CTO Rajesh Pankaj sold 1,500 shares of the business’s stock in a transaction on Monday, October 5th. The shares were sold at an average price of $334.32, for a total value of $501,480.00. Following the sale, the chief technology officer directly owned 63,516 shares of the company’s stock, valued at approximately $21,234,669.12. The trade was a 2.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Joan H. 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 sale, the director owned 22,736 shares in the company, valued at approximately $7,526,980.16. This trade represents a 1.30% decrease in their ownership of the stock. 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. In the last 90 days, insiders sold 4,800 shares of company stock valued at $1,595,118. 3.50% of the stock is owned by corporate insiders.
Institutional Trading of InterDigital
A number of institutional investors have recently made changes to their positions in IDCC. Congress Asset Management Co. grew its position in InterDigital by 8.7% in the third quarter. Congress Asset Management Co. now owns 458,053 shares of the Wireless communications provider’s stock valued at $149,357,000 after purchasing an additional 36,620 shares in the last quarter. Reinhart Partners LLC. increased its stake in InterDigital by 9.0% in the 2nd quarter. Reinhart Partners LLC. now owns 460,404 shares of the Wireless communications provider’s stock valued at $130,359,000 after buying an additional 38,115 shares during the last quarter. Bank of America Corp DE lifted its position in InterDigital by 31.3% during the 1st quarter. Bank of America Corp DE now owns 266,724 shares of the Wireless communications provider’s stock worth $80,551,000 after buying an additional 63,524 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in InterDigital by 135.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 219,388 shares of the Wireless communications provider’s stock worth $66,255,000 after buying an additional 126,328 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in shares of InterDigital by 375.7% during the 1st quarter. Royal Bank of Canada now owns 199,655 shares of the Wireless communications provider’s stock worth $60,297,000 after buying an additional 157,687 shares during the last quarter. Institutional investors own 99.83% of the company’s stock.
InterDigital Stock Performance
The stock’s 50 day moving average price is $333.82 and its 200 day moving average price is $307.96. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $8.57 billion, a price-to-earnings ratio of 38.30 and a beta of 1.43.
InterDigital (NASDAQ:IDCC – Get Free Report) last released its earnings results on Thursday, July 30th. The Wireless communications provider reported $4.62 earnings per share (EPS) for the quarter, beating 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 business had revenue of $260.17 million for the quarter, compared to the consensus estimate of $143.10 million. During the same quarter in the previous year, the business earned $6.52 earnings per share. InterDigital’s quarterly revenue was down 13.4% on a year-over-year basis. InterDigital has set its FY 2026 guidance at 10.850-12.810 EPS and its Q3 2026 guidance at 1.940-2.130 EPS. Analysts expect that InterDigital, Inc. will post 9.42 earnings per share for the current year.
InterDigital Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 28th. Shareholders of record on Wednesday, October 14th will be paid a $0.75 dividend. This is a positive change from InterDigital’s previous quarterly dividend of $0.70. This represents a $3.00 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Wednesday, October 14th. InterDigital’s dividend payout ratio is 34.60%.
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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