InterDigital (NASDAQ:IDCC) Stock Rating Upgraded by Wall Street Zen

InterDigital (NASDAQ:IDCC) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.

A number of other research firms also recently issued reports on IDCC. Weiss Ratings downgraded shares of InterDigital from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday, December 29th. UBS Group set a $425.00 price target on shares of InterDigital in a research note on Monday, December 1st. Roth Mkm reiterated a “buy” rating on shares of InterDigital in a report on Tuesday, January 20th. Finally, Zacks Research cut InterDigital from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 21st. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, InterDigital has an average rating of “Moderate Buy” and a consensus price target of $416.67.

InterDigital Stock Performance

Shares of IDCC stock opened at $357.06 on Friday. The company has a market capitalization of $9.17 billion, a price-to-earnings ratio of 29.93 and a beta of 1.57. InterDigital has a 1-year low of $180.60 and a 1-year high of $412.60. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.01. The stock’s fifty day simple moving average is $340.46 and its 200-day simple moving average is $338.82.

InterDigital (NASDAQ:IDCC) last posted its quarterly earnings results on Thursday, February 5th. The Wireless communications provider reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.65 by $0.47. InterDigital had a net margin of 48.76% and a return on equity of 41.09%. The business had revenue of $158.23 million during the quarter, compared to analyst estimates of $155.57 million. During the same period in the prior year, the firm earned $5.15 earnings per share. The firm’s revenue was down 37.4% compared to the same quarter last year. InterDigital has set its Q1 2026 guidance at 2.390-2.680 EPS. On average, sell-side analysts predict that InterDigital will post 9.21 earnings per share for the current fiscal year.

Insider Activity

In related news, CTO Rajesh Pankaj sold 1,000 shares of the company’s stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $368.10, for a total transaction of $368,100.00. Following the completion of the transaction, the chief technology officer directly owned 60,196 shares in the company, valued at $22,158,147.60. This represents a 1.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Joan H. Gillman sold 325 shares of the stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $352.24, for a total transaction of $114,478.00. Following the completion of the sale, the director owned 22,036 shares of the company’s stock, valued at approximately $7,761,960.64. The trade was a 1.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 45,304 shares of company stock worth $15,134,779 over the last 90 days. Company insiders own 2.80% of the company’s stock.

Institutional Trading of InterDigital

Institutional investors have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD raised its position in InterDigital by 62.5% in the fourth 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 purchasing an additional 854,845 shares in the last quarter. Norges Bank bought a new stake in shares of InterDigital in the 4th quarter valued at approximately $128,918,000. Wedge Capital Management L L P NC acquired a new position in shares of InterDigital in the 3rd quarter worth approximately $67,282,000. Geode Capital Management LLC lifted 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 worth $251,250,000 after buying an additional 123,686 shares during the period. Finally, M&T Bank Corp boosted its stake in InterDigital by 14,563.6% in the 4th quarter. M&T Bank Corp now owns 109,244 shares of the Wireless communications provider’s stock valued at $34,781,000 after buying an additional 108,499 shares in the last quarter. 99.83% of the stock is currently owned by institutional investors and hedge funds.

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.