Brokerages Set InterDigital, Inc. (NASDAQ:IDCC) Target Price at $416.67

Shares of InterDigital, Inc. (NASDAQ:IDCC) have been assigned an average recommendation of “Moderate Buy” from the five ratings firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $416.6667.

IDCC has been the subject of several analyst reports. Wall Street Zen upgraded shares of InterDigital from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Weiss Ratings lowered InterDigital from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, June 12th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of InterDigital in a research note on Wednesday, March 18th.

InterDigital Price Performance

NASDAQ:IDCC opened at $281.40 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.88 and a current ratio of 1.88. InterDigital has a 52 week low of $213.06 and a 52 week high of $412.60. The firm’s 50-day simple moving average is $282.71 and its 200 day simple moving average is $319.31. The firm has a market cap of $7.27 billion, a price-to-earnings ratio of 26.50 and a beta of 1.42.

InterDigital (NASDAQ:IDCC) last issued its quarterly earnings results on Thursday, April 30th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.54 by $0.03. The business had revenue of $205.42 million during the quarter, compared to analysts’ expectations of $196.85 million. InterDigital had a return on equity of 35.25% and a net margin of 44.20%.The firm’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period in the previous year, the company posted $3.45 earnings per share. InterDigital has set its Q2 2026 guidance at 1.410-1.600 EPS and its FY 2026 guidance at 8.740-11.840 EPS. As a group, sell-side analysts predict that InterDigital will post 7.41 earnings per share for the current year.

InterDigital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 8th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Wednesday, July 8th. InterDigital’s dividend payout ratio is currently 26.37%.

Insider Buying and Selling at InterDigital

In other InterDigital news, Director John A. Kritzmacher sold 365 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $276.64, for a total transaction of $100,973.60. Following the transaction, the director directly owned 16,359 shares in the company, valued at approximately $4,525,553.76. This represents a 2.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jean F. Rankin sold 365 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $276.64, for a total value of $100,973.60. Following the transaction, the director owned 28,938 shares in the company, valued at $8,005,408.32. The trade was a 1.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 5,872 shares of company stock valued at $1,695,109. 3.50% of the stock is owned by corporate insiders.

Institutional Trading of InterDigital

Several hedge funds have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD boosted its stake in InterDigital by 62.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,222,111 shares of the Wireless communications provider’s stock worth $707,477,000 after acquiring an additional 854,845 shares in the last quarter. Geode Capital Management LLC increased its stake in InterDigital by 18.6% in the fourth quarter. Geode Capital Management LLC now owns 787,546 shares of the Wireless communications provider’s stock valued at $251,250,000 after purchasing an additional 123,686 shares in the last quarter. Invesco Ltd. increased its stake in InterDigital by 24.8% in the fourth quarter. Invesco Ltd. now owns 450,863 shares of the Wireless communications provider’s stock valued at $143,546,000 after purchasing an additional 89,647 shares in the last quarter. Reinhart Partners LLC. raised its holdings in shares of InterDigital by 1.3% during the fourth quarter. Reinhart Partners LLC. now owns 417,639 shares of the Wireless communications provider’s stock valued at $132,973,000 after purchasing an additional 5,293 shares during the period. Finally, Norges Bank acquired a new position in shares of InterDigital during the fourth quarter valued at about $128,918,000. Institutional investors 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.