Analysts Set InterDigital, Inc. (NASDAQ:IDCC) Price Target at $416.67

Shares of InterDigital, Inc. (NASDAQ:IDCC) have earned an average rating of “Moderate Buy” from the five research firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $416.6667.

A number of research firms have recently issued reports on IDCC. Jefferies Financial Group reiterated a “buy” rating on shares of InterDigital in a report on Wednesday, March 18th. Wall Street Zen raised InterDigital from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, Weiss Ratings lowered InterDigital from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, June 12th.

Insider Buying and Selling

In other news, Director John D. Jr. Markley sold 400 shares of the business’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $300.00, for a total value of $120,000.00. Following the completion of the sale, the director owned 11,735 shares of the company’s stock, valued at approximately $3,520,500. The trade was a 3.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Derek K. Aberle sold 522 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $276.64, for a total value of $144,406.08. Following the completion of the sale, the director directly owned 7,620 shares of the company’s stock, valued at approximately $2,107,996.80. This trade represents a 6.41% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 5,872 shares of company stock worth $1,695,109 in the last 90 days. 3.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Pictet Asset Management Holding SA raised its position in shares of InterDigital by 293.5% in the 4th quarter. Pictet Asset Management Holding SA now owns 14,098 shares of the Wireless communications provider’s stock worth $4,489,000 after acquiring an additional 10,515 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of InterDigital by 4.6% in the 4th quarter. Principal Financial Group Inc. now owns 146,320 shares of the Wireless communications provider’s stock worth $46,585,000 after acquiring an additional 6,494 shares in the last quarter. PFA Pension Forsikringsaktieselskab bought a new position in shares of InterDigital in the 4th quarter worth approximately $1,852,000. Inceptionr LLC bought a new position in shares of InterDigital in the 3rd quarter worth approximately $1,101,000. Finally, Bernardo Wealth Planning LLC bought a new position in shares of InterDigital in the 4th quarter worth approximately $1,230,000. Institutional investors own 99.83% of the company’s stock.

InterDigital Price Performance

IDCC opened at $283.13 on Friday. The stock has a 50-day moving average price of $286.32 and a 200-day moving average price of $320.36. InterDigital has a 12-month low of $213.06 and a 12-month high of $412.60. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $7.32 billion, a P/E ratio of 26.66 and a beta of 1.43.

InterDigital (NASDAQ:IDCC) last posted its quarterly earnings data on Thursday, April 30th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.54 by $0.03. InterDigital had a return on equity of 35.25% and a net margin of 44.20%.The firm had revenue of $205.42 million during the quarter, compared to analysts’ expectations of $196.85 million. During the same period in the prior year, the business earned $3.45 EPS. The company’s revenue for the quarter was down 2.4% compared to the same quarter last year. 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 analysts predict that InterDigital will post 7.41 earnings per share for the current fiscal year.

InterDigital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 8th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Wednesday, July 8th. InterDigital’s payout ratio is 26.37%.

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.