InterDigital (NASDAQ:IDCC) Stock Price Crosses Above Two Hundred Day Moving Average After Analyst Downgrade

InterDigital, Inc. (NASDAQ:IDCC) passed above its 200-day moving average during trading on Tuesday after Weiss Ratings upgraded the stock from a buy (b-) rating to a buy (b) rating. The stock has a 200-day moving average of $307.67 and traded as high as $329.93. InterDigital shares last traded at $326.78, with a volume of 195,598 shares changing hands.

Separately, Zacks Research raised InterDigital from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, InterDigital currently has a consensus rating of “Moderate Buy” and an average target price of $450.00.

Insiders Place Their Bets

In other InterDigital news, Director Joan Gillman sold 300 shares of the business’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $331.06, for a total value of $99,318.00. Following the completion of the transaction, the director directly owned 22,736 shares of the company’s stock, valued at approximately $7,526,980.16. The trade was a 1.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Rajesh Pankaj sold 1,500 shares of the business’s stock in a transaction on Monday, October 5th. The stock was sold at an average price of $334.32, for a total transaction of $501,480.00. Following the completion of the sale, the chief technology officer directly owned 63,516 shares in the company, valued at approximately $21,234,669.12. This represents a 2.31% 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. Over the last ninety days, insiders have sold 4,800 shares of company stock valued at $1,595,118. 3.50% of the stock is owned by insiders.

Hedge Funds Weigh In On InterDigital

Several hedge funds and other institutional investors have recently made changes to their positions in IDCC. Keybank National Association OH increased its holdings in shares of InterDigital by 4.5% during the first quarter. Keybank National Association OH now owns 704 shares of the Wireless communications provider’s stock worth $213,000 after buying an additional 30 shares in the last quarter. GAMMA Investing LLC raised its stake in InterDigital by 1.9% during the third quarter. GAMMA Investing LLC now owns 2,081 shares of the Wireless communications provider’s stock worth $679,000 after buying an additional 38 shares during the last quarter. J2 Capital Management Inc boosted its holdings in shares of InterDigital by 3.0% during the 1st quarter. J2 Capital Management Inc now owns 1,451 shares of the Wireless communications provider’s stock worth $438,000 after buying an additional 42 shares in the last quarter. IFP Advisors Inc boosted its position in shares of InterDigital by 3.7% during the 2nd quarter. IFP Advisors Inc now owns 1,292 shares of the Wireless communications provider’s stock worth $366,000 after purchasing an additional 46 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in InterDigital by 1.0% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,436 shares of the Wireless communications provider’s stock valued at $1,944,000 after acquiring an additional 62 shares during the period. 99.83% of the stock is currently owned by institutional investors and hedge funds.

InterDigital Stock Down 0.8%

The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.74 and a current ratio of 1.74. The firm has a market cap of $8.57 billion, a P/E ratio of 38.30 and a beta of 1.43. The stock’s 50 day simple moving average is $333.82 and its 200 day simple moving average is $307.96.

InterDigital (NASDAQ:IDCC) last posted its quarterly earnings data on Thursday, July 30th. The Wireless communications provider reported $4.62 EPS for the quarter, beating the consensus estimate of $0.90 by $3.72. InterDigital had a net margin of 38.32% and a return on equity of 28.17%. The firm had revenue of $260.17 million during the quarter, compared to analyst estimates of $143.10 million. During the same quarter last year, the business posted $6.52 EPS. The company’s revenue for the quarter was down 13.4% on a year-over-year basis. InterDigital has set its FY 2026 guidance at 10.850-12.810 EPS and its Q3 2026 guidance at 1.940-2.130 EPS. Research analysts anticipate that InterDigital, Inc. will post 9.42 EPS for the current year.

InterDigital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Wednesday, October 14th will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, October 14th. This is a positive change from InterDigital’s previous quarterly dividend of $0.70. InterDigital’s payout ratio is presently 34.60%.

InterDigital Company Profile

InterDigital, Inc is a technology research and development company that creates advanced wireless, video and related connectivity technologies. Its work supports communications across cellular networks, including 4G and 5G, as well as Wi-Fi, the Internet of Things and other connected devices.

The company’s primary business is developing intellectual property and licensing its patented technologies to manufacturers and other industry participants. Its portfolio includes innovations related to wireless communications, radio access networks, signal processing, video compression and delivery, and connected-device functionality.