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

InterDigital, Inc. (NASDAQ:IDCC) has been given a consensus rating of “Moderate Buy” by the five brokerages that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $416.6667.

Separately, Weiss Ratings cut InterDigital from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, June 12th.

Insider Activity at InterDigital

In related news, Director John A. Kritzmacher sold 365 shares of InterDigital stock in a transaction on Friday, June 12th. The shares were sold at an average price of $276.64, for a total value of $100,973.60. Following the completion of the sale, the director owned 16,359 shares of the company’s stock, valued at approximately $4,525,553.76. This trade represents a 2.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Derek K. Aberle sold 522 shares of InterDigital stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $276.64, for a total transaction of $144,406.08. Following the transaction, the director owned 7,620 shares of the company’s stock, valued at $2,107,996.80. This represents a 6.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 5,872 shares of company stock valued at $1,654,159 over the last three months. 3.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its position in shares of InterDigital by 62.5% during the 4th 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 buying an additional 854,845 shares in the last quarter. Geode Capital Management LLC increased its position in shares of InterDigital by 18.6% during the 4th 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 during the last quarter. Reinhart Partners LLC. boosted its holdings in shares of InterDigital by 9.0% in the 2nd quarter. Reinhart Partners LLC. now owns 460,404 shares of the Wireless communications provider’s stock worth $130,359,000 after buying an additional 38,115 shares during the last quarter. Invesco Ltd. grew its position in InterDigital by 24.8% during the fourth quarter. Invesco Ltd. now owns 450,863 shares of the Wireless communications provider’s stock valued at $143,546,000 after buying an additional 89,647 shares during the period. Finally, Norges Bank bought a new stake in InterDigital in the fourth quarter worth about $128,918,000. 99.83% of the stock is owned by institutional investors.

InterDigital Stock Performance

Shares of IDCC stock opened at $258.30 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.88 and a quick ratio of 1.88. InterDigital has a one year low of $213.06 and a one year high of $412.60. The business’s 50 day simple moving average is $269.24 and its 200 day simple moving average is $312.26. The stock has a market capitalization of $6.67 billion, a PE ratio of 24.32 and a beta of 1.42.

InterDigital (NASDAQ:IDCC) last posted its quarterly earnings data on Thursday, April 30th. The Wireless communications provider reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.54 by $0.03. InterDigital had a net margin of 44.20% and a return on equity of 35.25%. The company had revenue of $205.42 million during the quarter, compared to analysts’ expectations of $196.85 million. During the same period in the prior year, the company posted $3.45 earnings per share. InterDigital’s revenue for the quarter was down 2.4% compared to the same quarter last year. 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, research analysts forecast that InterDigital will post 7.41 earnings per share for the current year.

InterDigital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 8th were issued a $0.70 dividend. The ex-dividend date was Wednesday, July 8th. This represents a $2.80 annualized dividend and a yield of 1.1%. InterDigital’s dividend payout ratio is presently 26.37%.

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.