Insider Selling: InterDigital (NASDAQ:IDCC) Insider Sells $170,856.62 in Stock

InterDigital, Inc. (NASDAQ:IDCC) insider Joshua Schmidt sold 467 shares of InterDigital stock in a transaction on Friday, February 27th. The stock was sold at an average price of $365.86, for a total transaction of $170,856.62. Following the sale, the insider directly owned 27,021 shares in the company, valued at $9,885,903.06. This trade represents a 1.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

InterDigital Stock Down 2.6%

Shares of InterDigital stock opened at $363.74 on Friday. InterDigital, Inc. has a 1-year low of $180.60 and a 1-year high of $412.60. The company has a market capitalization of $9.34 billion, a PE ratio of 30.49 and a beta of 1.57. 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 50-day moving average of $339.93 and a 200-day moving average of $338.22.

InterDigital (NASDAQ:IDCC) last issued its quarterly 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. InterDigital had a return on equity of 41.09% and a net margin of 48.76%.The firm had revenue of $158.23 million during the quarter, compared to the consensus estimate of $155.57 million. During the same quarter in the prior year, the business posted $5.15 earnings per share. InterDigital’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, equities analysts forecast that InterDigital, Inc. will post 9.21 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On InterDigital

Several institutional investors have recently made changes to their positions in the stock. Wedge Capital Management L L P NC bought a new position in shares of InterDigital during the third quarter worth about $67,282,000. Bank of Montreal Can boosted its stake in InterDigital by 0.8% during the 2nd quarter. Bank of Montreal Can now owns 109,222 shares of the Wireless communications provider’s stock valued at $24,491,000 after purchasing an additional 911 shares during the period. Vontobel Holding Ltd. grew its position in InterDigital by 144.3% in the 3rd quarter. Vontobel Holding Ltd. now owns 12,043 shares of the Wireless communications provider’s stock worth $4,158,000 after purchasing an additional 7,113 shares during the last quarter. Prudential Financial Inc. grew its position in InterDigital by 7.4% in the 2nd quarter. Prudential Financial Inc. now owns 26,993 shares of the Wireless communications provider’s stock worth $6,053,000 after purchasing an additional 1,863 shares during the last quarter. Finally, Ethos Financial Group LLC acquired a new stake in shares of InterDigital in the second quarter valued at approximately $224,000. 99.83% of the stock is owned by 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.