InterDigital, Inc. (NASDAQ:IDCC) Receives $416.67 Average Target Price from Brokerages

Shares of InterDigital, Inc. (NASDAQ:IDCC) have received an average recommendation of “Moderate Buy” from the five brokerages that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report 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 research report on Friday, June 12th.

InterDigital Stock Down 1.2%

Shares of NASDAQ:IDCC opened at $256.06 on Tuesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.88 and a current ratio of 1.88. The company has a market cap of $6.62 billion, a PE ratio of 24.11 and a beta of 1.42. InterDigital has a 52 week low of $213.06 and a 52 week high of $412.60. The firm has a 50 day simple moving average of $269.28 and a 200 day simple moving average of $312.64.

InterDigital (NASDAQ:IDCC) last posted 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 during the quarter, compared to analyst estimates of $196.85 million. During the same quarter last year, the business posted $3.45 EPS. The company’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. As a group, research analysts expect that InterDigital will post 7.41 earnings per share for the current year.

InterDigital Dividend Announcement

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

Insider Activity

In other InterDigital news, CTO Rajesh Pankaj sold 1,500 shares of the firm’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $286.00, for a total transaction of $429,000.00. Following the completion of the sale, the chief technology officer directly owned 67,976 shares in the company, valued at approximately $19,441,136. This trade represents a 2.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John A. Kritzmacher sold 365 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 value 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 trade represents a 2.18% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 5,872 shares of company stock worth $1,654,159. Corporate insiders own 3.50% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD boosted its stake 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 valued at $707,477,000 after buying an additional 854,845 shares during the period. Geode Capital Management LLC grew its holdings 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 acquiring an additional 123,686 shares in the last quarter. Reinhart Partners LLC. increased its stake in shares of InterDigital by 9.0% in the second quarter. Reinhart Partners LLC. now owns 460,404 shares of the Wireless communications provider’s stock worth $130,359,000 after acquiring an additional 38,115 shares during the last quarter. Invesco Ltd. increased its stake in shares of InterDigital by 24.8% in the fourth quarter. Invesco Ltd. now owns 450,863 shares of the Wireless communications provider’s stock worth $143,546,000 after acquiring an additional 89,647 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of InterDigital during the fourth quarter worth $128,918,000. Institutional investors and hedge funds 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.