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

InterDigital, Inc. (NASDAQ:IDCC) has been given a consensus rating of “Moderate Buy” by the five brokerages that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $416.6667.

IDCC has been the topic of a number of recent research reports. UBS Group set a $425.00 price target on shares of InterDigital in a research report on Monday, December 1st. Roth Mkm restated a “buy” rating on shares of InterDigital in a research report on Tuesday, January 20th. Wall Street Zen raised shares of InterDigital from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Weiss Ratings downgraded shares of InterDigital from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday, December 29th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of InterDigital in a research note on Wednesday, March 18th.

Insider Activity at InterDigital

In related news, Director John D. Jr. Markley sold 700 shares of the company’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $374.95, for a total transaction of $262,465.00. Following the completion of the sale, the director owned 11,223 shares of the company’s stock, valued at $4,208,063.85. This represents a 5.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Joshua D. Schmidt sold 6,000 shares of the stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $348.21, for a total transaction of $2,089,260.00. Following the sale, the insider owned 25,889 shares in the company, valued at $9,014,808.69. The trade was a 18.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 48,804 shares of company stock worth $16,363,577 in the last quarter. 2.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On InterDigital

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Wedge Capital Management L L P NC bought a new position in shares of InterDigital in the third quarter worth about $67,282,000. Prudential Financial Inc. grew its holdings in shares of InterDigital by 7.4% during the 2nd quarter. Prudential Financial Inc. now owns 26,993 shares of the Wireless communications provider’s stock valued at $6,053,000 after purchasing an additional 1,863 shares during the last quarter. Vontobel Holding Ltd. grew its holdings in shares of InterDigital by 144.3% during the 3rd quarter. Vontobel Holding Ltd. now owns 12,043 shares of the Wireless communications provider’s stock valued at $4,158,000 after purchasing an additional 7,113 shares during the last quarter. Cary Street Partners Financial LLC acquired a new position in InterDigital during the 3rd quarter worth approximately $3,342,000. Finally, Empirical Asset Management LLC acquired a new position in InterDigital during the 3rd quarter worth approximately $1,076,000. 99.83% of the stock is currently owned by institutional investors and hedge funds.

InterDigital Stock Performance

IDCC opened at $305.66 on Wednesday. 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 business has a fifty day simple moving average of $347.70 and a 200 day simple moving average of $346.23. InterDigital has a 1 year low of $180.60 and a 1 year high of $412.60. The company has a market capitalization of $7.85 billion, a PE ratio of 25.62 and a beta of 1.57.

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

InterDigital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 8th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, April 8th. This represents a $2.80 annualized dividend and a yield of 0.9%. InterDigital’s payout ratio is currently 23.47%.

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.