InterDigital, Inc. (NASDAQ:IDCC) Receives $416.67 Consensus Target Price from Analysts

Shares of InterDigital, Inc. (NASDAQ:IDCC) have received an average rating of “Buy” from the five research firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $416.6667.

A number of equities analysts have commented on IDCC shares. Weiss Ratings lowered shares of InterDigital from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Zacks Research raised shares of InterDigital from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th.

Insider Transactions at InterDigital

In other news, Director John D. Jr. Markley sold 400 shares of the stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $300.00, for a total transaction of $120,000.00. Following the sale, the director owned 11,735 shares in the company, valued at approximately $3,520,500. This represents a 3.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Samir Armaly sold 470 shares of the firm’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $276.64, for a total value of $130,020.80. Following the completion of the sale, the director owned 4,608 shares of the company’s stock, valued at approximately $1,274,757.12. This trade represents a 9.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 7,672 shares of company stock worth $2,240,797. 3.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in IDCC. NewEdge Advisors LLC increased its position in InterDigital by 37.6% in the 1st quarter. NewEdge Advisors LLC now owns 3,911 shares of the Wireless communications provider’s stock valued at $809,000 after acquiring an additional 1,069 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position 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 worth $15,933,000 after purchasing an additional 4,105 shares in the last quarter. Russell Investments Group Ltd. grew its stake 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 purchasing an additional 2,958 shares during the last quarter. AXA S.A. increased its holdings in shares of InterDigital by 12.4% in the second 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 increased its holdings in shares of InterDigital by 2.9% in the second quarter. Qube Research & Technologies Ltd now owns 127,983 shares of the Wireless communications provider’s stock valued at $28,698,000 after purchasing an additional 3,643 shares in the last quarter. Institutional investors and hedge funds own 99.83% of the company’s stock.

InterDigital Stock Up 1.4%

Shares of NASDAQ IDCC opened at $348.39 on Friday. InterDigital has a 52-week low of $249.14 and a 52-week high of $412.60. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.74 and a current ratio of 1.74. The business has a fifty day moving average of $288.14 and a two-hundred day moving average of $312.20. The stock has a market cap of $8.99 billion, a PE ratio of 40.18 and a beta of 1.43.

InterDigital (NASDAQ:IDCC) last posted its earnings results on Thursday, July 30th. The Wireless communications provider reported $4.62 earnings per share for the quarter, topping the consensus estimate of $0.90 by $3.72. The business had revenue of $260.17 million for the quarter, compared to analyst estimates of $143.10 million. InterDigital had a net margin of 38.32% and a return on equity of 28.17%. The firm’s quarterly revenue was down 13.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $6.52 EPS. InterDigital has set its FY 2026 guidance at 10.850-12.810 EPS and its Q3 2026 guidance at 1.940-2.130 EPS. As a group, equities research analysts expect that InterDigital will post 7.41 earnings per share for the current fiscal year.

InterDigital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 22nd. Investors of record on Wednesday, July 8th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Wednesday, July 8th. InterDigital’s dividend payout ratio (DPR) is currently 32.30%.

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.