Brokers Offer Predictions for InterDigital FY2025 Earnings

InterDigital, Inc. (NASDAQ:IDCC) – Investment analysts at William Blair raised their FY2025 earnings estimates for InterDigital in a research report issued to clients and investors on Monday, September 22nd. William Blair analyst A. Bhatia now expects that the Wireless communications provider will earn $13.48 per share for the year, up from their prior estimate of $12.99. William Blair currently has a “Outperform” rating on the stock. The consensus estimate for InterDigital’s current full-year earnings is $9.21 per share.

Separately, Roth Capital increased their price objective on shares of InterDigital from $270.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, September 12th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $350.00.

InterDigital Stock Down 0.9%

Shares of NASDAQ:IDCC opened at $346.05 on Wednesday. The stock has a market capitalization of $8.93 billion, a price-to-earnings ratio of 24.67, a price-to-earnings-growth ratio of 1.72 and a beta of 1.42. InterDigital has a 1-year low of $136.58 and a 1-year high of $360.30. The company’s fifty day moving average is $275.96 and its two-hundred day moving average is $235.32. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.96 and a current ratio of 1.96.

InterDigital (NASDAQ:IDCC) last issued its earnings results on Thursday, July 31st. The Wireless communications provider reported $6.52 earnings per share for the quarter, topping analysts’ consensus estimates of $2.77 by $3.75. The company had revenue of $300.60 million for the quarter, compared to analysts’ expectations of $167.93 million. InterDigital had a net margin of 51.92% and a return on equity of 53.44%. The firm’s revenue was up 34.5% compared to the same quarter last year. During the same period in the prior year, the company earned $4.57 earnings per share. InterDigital has set its FY 2025 guidance at 14.170-14.770 EPS. Q3 2025 guidance at 1.520-1.720 EPS.

InterDigital Increases Dividend

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

Insider Transactions at InterDigital

In related news, insider Joshua D. Schmidt sold 466 shares of the stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $273.12, for a total value of $127,273.92. Following the completion of the transaction, the insider owned 28,370 shares in the company, valued at $7,748,414.40. This represents a 1.62% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CTO Rajesh Pankaj sold 1,000 shares of the stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $261.03, for a total transaction of $261,030.00. Following the completion of the transaction, the chief technology officer owned 67,122 shares of the company’s stock, valued at $17,520,855.66. This represents a 1.47% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,932 shares of company stock valued at $1,010,930 in the last quarter. 2.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On InterDigital

A number of institutional investors and hedge funds have recently bought and sold shares of IDCC. Twin Peaks Wealth Advisors LLC bought a new position in InterDigital in the 2nd quarter valued at about $28,000. Wayfinding Financial LLC bought a new position in shares of InterDigital during the 1st quarter valued at about $32,000. Banque Transatlantique SA acquired a new position in shares of InterDigital in the 1st quarter worth approximately $33,000. Headlands Technologies LLC acquired a new position in shares of InterDigital in the 1st quarter worth approximately $35,000. Finally, Concord Wealth Partners acquired a new position in shares of InterDigital in the 1st quarter worth approximately $37,000. Institutional investors own 99.83% of the company’s stock.

About InterDigital

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.