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

InterDigital, Inc. (NASDAQ:IDCC) has been assigned an average recommendation of “Moderate Buy” from the five brokerages that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $416.6667.

Several research analysts have recently weighed in on IDCC shares. Weiss Ratings lowered shares of InterDigital from a “buy (a-)” rating to a “buy (b+)” rating in a report on Monday, December 29th. Wall Street Zen downgraded shares of InterDigital from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. Jefferies Financial Group set a $475.00 price target on shares of InterDigital and gave the company a “buy” rating in a report on Thursday, October 30th. Zacks Research downgraded InterDigital from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. Finally, Roth Mkm reaffirmed a “buy” rating on shares of InterDigital in a research report on Tuesday, January 20th.

InterDigital Trading Up 4.4%

Shares of IDCC opened at $379.02 on Friday. InterDigital has a fifty-two week low of $180.60 and a fifty-two week high of $412.60. The company has a market capitalization of $9.74 billion, a PE ratio of 31.77 and a beta of 1.58. The stock has a fifty day moving average of $334.84 and a two-hundred day moving average of $334.47. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.84 and a current ratio of 1.84.

InterDigital (NASDAQ:IDCC) last announced its quarterly earnings data on Thursday, February 5th. The Wireless communications provider reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.47. InterDigital had a return on equity of 41.09% and a net margin of 48.76%.The business had revenue of $158.23 million during the quarter, compared to the consensus estimate of $155.57 million. During the same quarter in the previous year, the business earned $5.15 earnings per share. The business’s revenue for the quarter was down 37.4% on a year-over-year basis. InterDigital has set its Q1 2026 guidance at 2.390-2.680 EPS. As a group, analysts forecast that InterDigital will post 9.21 EPS for the current year.

InterDigital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 28th. Stockholders of record on Wednesday, January 14th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Wednesday, January 14th. InterDigital’s dividend payout ratio (DPR) is 23.47%.

Insider Buying and Selling at InterDigital

In related news, CEO Lawrence Liren Chen sold 5,958 shares of the stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $327.62, for a total transaction of $1,951,959.96. Following the completion of the sale, the chief executive officer owned 153,077 shares of the company’s stock, valued at approximately $50,151,086.74. This represents a 3.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Richard Brezski sold 2,000 shares of InterDigital stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $352.24, for a total transaction of $704,480.00. Following the transaction, the chief financial officer directly owned 70,404 shares in the company, valued at approximately $24,799,104.96. This trade represents a 2.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 43,837 shares of company stock worth $14,595,823. Company insiders own 2.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Kemnay Advisory Services Inc. acquired a new position in shares of InterDigital during the fourth quarter worth about $26,000. Root Financial Partners LLC purchased a new stake in shares of InterDigital during the 3rd quarter valued at about $30,000. Aster Capital Management DIFC Ltd lifted its position in InterDigital by 186.8% during the 3rd quarter. Aster Capital Management DIFC Ltd now owns 109 shares of the Wireless communications provider’s stock worth $38,000 after acquiring an additional 71 shares in the last quarter. Leonteq Securities AG purchased a new position in InterDigital in the 4th quarter worth approximately $35,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in InterDigital in the second quarter valued at approximately $28,000. 99.83% of the stock is owned by hedge funds and other institutional investors.

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.