Zacks Research Has Negative View of InterDigital Q2 Earnings

InterDigital, Inc. (NASDAQ:IDCC) – Analysts at Zacks Research decreased their Q2 2027 earnings estimates for shares of InterDigital in a research note issued on Monday, July 13th. Zacks Research analyst Team now forecasts that the Wireless communications provider will post earnings per share of $1.74 for the quarter, down from their prior forecast of $1.75. The consensus estimate for InterDigital’s current full-year earnings is $7.41 per share. Zacks Research also issued estimates for InterDigital’s Q4 2027 earnings at $2.14 EPS.

InterDigital (NASDAQ:IDCC) last released its quarterly earnings data on Thursday, April 30th. The Wireless communications provider reported $2.57 EPS for the quarter, topping analysts’ consensus estimates of $2.54 by $0.03. InterDigital had a net margin of 44.20% and a return on equity of 35.25%. The firm had revenue of $205.42 million for the quarter, compared to the consensus estimate of $196.85 million. During the same quarter in the previous year, the firm earned $3.45 earnings per share. The firm’s revenue was down 2.4% on a year-over-year basis. InterDigital has set its Q2 2026 guidance at 1.410-1.600 EPS and its FY 2026 guidance at 8.740-11.840 EPS.

Other analysts have also issued research reports about the stock. Weiss Ratings lowered shares of InterDigital from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, June 12th. Jefferies Financial Group reissued a “buy” rating on shares of InterDigital in a research note on Wednesday, March 18th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, InterDigital currently has an average rating of “Moderate Buy” and an average price target of $416.67.

InterDigital Stock Down 1.3%

IDCC opened at $261.52 on Tuesday. The business’s fifty day simple moving average is $271.34 and its 200 day simple moving average is $316.21. InterDigital has a 52 week low of $213.06 and a 52 week high of $412.60. The firm has a market cap of $6.76 billion, a P/E ratio of 24.63 and a beta of 1.42. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.01.

Institutional Trading of InterDigital

Several large investors have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its stake in shares of 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 valued at $707,477,000 after purchasing an additional 854,845 shares during the period. Norges Bank acquired a new stake in InterDigital during the 4th quarter valued at $128,918,000. Royal Bank of Canada increased its stake in InterDigital by 375.7% during the 1st quarter. Royal Bank of Canada now owns 199,655 shares of the Wireless communications provider’s stock worth $60,297,000 after buying an additional 157,687 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in InterDigital by 135.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 219,388 shares of the Wireless communications provider’s stock worth $66,255,000 after buying an additional 126,328 shares during the period. Finally, Geode Capital Management LLC boosted its position in InterDigital by 18.6% in 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 buying an additional 123,686 shares during the last quarter. Institutional investors and hedge funds own 99.83% of the company’s stock.

Insider Buying and Selling

In other news, Director Derek K. Aberle sold 522 shares of the stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $276.64, for a total value of $144,406.08. Following the completion of the sale, the director owned 7,620 shares in the company, valued at approximately $2,107,996.80. This trade represents a 6.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Samir Armaly sold 470 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $276.64, for a total value of $130,020.80. Following the sale, the director owned 4,608 shares in the company, valued at approximately $1,274,757.12. The trade was a 9.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 5,872 shares of company stock valued at $1,654,159 over the last ninety days. Insiders own 3.50% of the company’s stock.

InterDigital Dividend Announcement

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

About InterDigital

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.