InterDigital (NASDAQ:IDCC) Insider Joshua Schmidt Sells 6,000 Shares

InterDigital, Inc. (NASDAQ:IDCC) insider Joshua Schmidt sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $348.21, for a total value of $2,089,260.00. Following the sale, the insider directly owned 25,889 shares of the company’s stock, valued at $9,014,808.69. This represents a 18.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

InterDigital Stock Down 1.9%

Shares of IDCC stock traded down $6.98 on Tuesday, reaching $351.33. 255,491 shares of the company were exchanged, compared to its average volume of 253,610. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.84 and a quick ratio of 1.84. The company has a 50-day moving average of $345.77 and a 200-day moving average of $344.56. The company has a market cap of $9.03 billion, a price-to-earnings ratio of 29.45 and a beta of 1.57. InterDigital, Inc. has a one year low of $180.60 and a one year high of $412.60.

InterDigital (NASDAQ:IDCC) last issued its earnings results 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. The business had revenue of $158.23 million during the quarter, compared to analyst estimates of $155.57 million. InterDigital had a return on equity of 41.09% and a net margin of 48.76%.The firm’s revenue was down 37.4% compared to the same quarter last year. During the same period in the previous year, the company posted $5.15 EPS. InterDigital has set its Q1 2026 guidance at 2.390-2.680 EPS. Analysts anticipate that InterDigital, Inc. will post 9.21 earnings per share for the current year.

Hedge Funds Weigh In On InterDigital

Several large investors have recently bought and sold shares of IDCC. Forty three Eighteen Advisors LLC bought a new stake in shares of InterDigital in the 4th quarter worth $251,000. Rockefeller Capital Management L.P. lifted its position in shares of InterDigital by 19.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 46,317 shares of the Wireless communications provider’s stock valued at $14,746,000 after purchasing an additional 7,553 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in InterDigital by 2,027.6% during the fourth quarter. Hsbc Holdings PLC now owns 18,170 shares of the Wireless communications provider’s stock worth $5,820,000 after purchasing an additional 17,316 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in InterDigital by 431.1% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 239 shares of the Wireless communications provider’s stock worth $76,000 after purchasing an additional 194 shares during the last quarter. Finally, Pacer Advisors Inc. grew its position in InterDigital by 2,700.1% in the 4th quarter. Pacer Advisors Inc. now owns 68,659 shares of the Wireless communications provider’s stock worth $21,860,000 after purchasing an additional 66,207 shares in the last quarter. 99.83% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Roth Mkm reissued a “buy” rating on shares of InterDigital in a research report on Tuesday, January 20th. Zacks Research lowered shares of InterDigital from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 21st. UBS Group set a $425.00 target price on shares of InterDigital in a research report on Monday, December 1st. Wall Street Zen upgraded shares of InterDigital from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Finally, Weiss Ratings cut shares of InterDigital from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday, December 29th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $416.67.

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.