InterDigital, Inc. (NASDAQ:IDCC – Get Free Report)’s share price traded down 3.4% during mid-day trading on Tuesday following insider selling activity. The company traded as low as $345.54 and last traded at $346.03. 40,813 shares were traded during mid-day trading, a decline of 85% from the average session volume of 277,297 shares. The stock had previously closed at $358.31.
Specifically, insider Joshua D. Schmidt sold 6,000 shares of the stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $348.21, for a total value of $2,089,260.00. Following the completion of the transaction, the insider owned 25,889 shares of the company’s stock, valued at approximately $9,014,808.69. This represents a 18.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Analyst Ratings Changes
Several brokerages recently commented on IDCC. Zacks Research downgraded 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 price target on shares of InterDigital in a report on Monday, December 1st. Jefferies Financial Group reiterated a “buy” rating on shares of InterDigital in a research note on Wednesday. Roth Mkm restated a “buy” rating on shares of InterDigital in a research report on Tuesday, January 20th. Finally, Wall Street Zen raised InterDigital from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $416.67.
InterDigital Price Performance
The company has a fifty day simple moving average of $346.63 and a 200 day simple moving average of $344.61. The stock has a market capitalization of $9.04 billion, a price-to-earnings ratio of 29.51 and a beta of 1.57. 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 – Get Free Report) last issued its quarterly earnings data on Thursday, February 5th. The Wireless communications provider reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.65 by $0.47. The company had revenue of $158.23 million during the quarter, compared to the consensus estimate 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 last year, the company earned $5.15 earnings per share. InterDigital has set its Q1 2026 guidance at 2.390-2.680 EPS. Equities research analysts forecast that InterDigital, Inc. will post 9.21 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Forty three Eighteen Advisors LLC acquired a new stake in shares of InterDigital during the fourth quarter worth $251,000. Rockefeller Capital Management L.P. lifted its holdings in InterDigital by 19.5% in 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 buying an additional 7,553 shares during the period. Hsbc Holdings PLC boosted its position 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 valued at $5,820,000 after acquiring an additional 17,316 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its position 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 valued at $76,000 after acquiring an additional 194 shares during the last quarter. Finally, Pacer Advisors Inc. grew its holdings in InterDigital by 2,700.1% during the 4th quarter. Pacer Advisors Inc. now owns 68,659 shares of the Wireless communications provider’s stock worth $21,860,000 after acquiring an additional 66,207 shares during the period. Institutional investors and hedge funds own 99.83% of the company’s stock.
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.
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