InterDigital (NASDAQ:IDCC) Reaches New 52-Week High – What’s Next?

Shares of InterDigital, Inc. (NASDAQ:IDCC) reached a new 52-week high during trading on Friday . The stock traded as high as $363.22 and last traded at $358.27, with a volume of 375 shares changing hands. The stock had previously closed at $356.10.

Wall Street Analysts Forecast Growth

IDCC has been the topic of a number of analyst reports. William Blair reaffirmed an “outperform” rating on shares of InterDigital in a research report on Monday, September 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of InterDigital in a research report on Saturday, September 27th. Jefferies Financial Group reiterated a “hold” rating and set a $340.00 price objective on shares of InterDigital in a report on Monday, September 29th. Finally, Roth Capital boosted their target price on InterDigital from $270.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday, September 12th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $345.00.

InterDigital Stock Performance

The company has a market capitalization of $8.75 billion, a PE ratio of 24.17, a PEG ratio of 1.67 and a beta of 1.44. The firm has a 50-day moving average of $292.70 and a two-hundred day moving average of $241.83. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 0.02.

InterDigital (NASDAQ:IDCC) last issued its quarterly earnings data on Thursday, July 31st. The Wireless communications provider reported $6.52 EPS for the quarter, topping analysts’ consensus estimates of $2.77 by $3.75. InterDigital had a net margin of 51.92% and a return on equity of 53.44%. The business had revenue of $300.60 million for the quarter, compared to analysts’ expectations of $167.93 million. During the same quarter last year, the company earned $4.57 EPS. The business’s revenue was up 34.5% on a year-over-year basis. InterDigital has set its FY 2025 guidance at 14.170-14.770 EPS. Q3 2025 guidance at 1.520-1.720 EPS. Research analysts anticipate that InterDigital, Inc. will post 9.21 EPS for the current year.

InterDigital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 8th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.8%. This is an increase from InterDigital’s previous quarterly dividend of $0.60. The ex-dividend date is Wednesday, October 8th. InterDigital’s payout ratio is currently 17.11%.

Insider Transactions at InterDigital

In related news, CTO Rajesh Pankaj sold 1,000 shares of InterDigital stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $289.78, for a total value of $289,780.00. Following the completion of the transaction, the chief technology officer owned 66,122 shares in the company, valued at $19,160,833.16. The trade was a 1.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joshua D. Schmidt sold 466 shares of the company’s stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $273.12, for a total value of $127,273.92. Following the completion of the transaction, the insider directly owned 28,370 shares of the company’s stock, valued at $7,748,414.40. The trade was a 1.62% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,466 shares of company stock worth $902,664 over the last 90 days. Insiders own 2.80% of the company’s stock.

Institutional Investors Weigh In On InterDigital

Institutional investors have recently added to or reduced their stakes in the stock. Twin Peaks Wealth Advisors LLC acquired a new position in InterDigital during the second quarter worth $28,000. Wayfinding Financial LLC purchased a new stake in shares of InterDigital during the first quarter worth about $32,000. Banque Transatlantique SA acquired a new position in shares of InterDigital during the 1st quarter worth about $33,000. Headlands Technologies LLC purchased a new position in InterDigital in the 1st quarter valued at about $35,000. Finally, Concord Wealth Partners acquired a new stake in InterDigital in the 1st quarter worth about $37,000. Institutional investors and hedge funds own 99.83% of the company’s stock.

InterDigital Company Profile

InterDigital, Inc operates as a global research and development company with focus primarily on wireless, visual, artificial intelligence (AI), and related technologies. The company engages in the design and development of technologies that enable connected in a range of communications and entertainment products and services, which are licensed to companies providing such products and services, including makers of wireless communications, consumer electronics, IoT devices, and cars and other motor vehicles, as well as providers of cloud-based services, such as video streaming.