InterDigital, Inc. (NASDAQ:IDCC) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of InterDigital, Inc. (NASDAQ:IDCC) have been assigned a consensus rating of “Moderate Buy” from the five research firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $416.6667.

Several research analysts have recently issued reports on the company. Roth Mkm reaffirmed a “buy” rating on shares of InterDigital in a research note on Tuesday, January 20th. Zacks Research downgraded shares of InterDigital from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 21st. UBS Group set a $425.00 target price on shares of InterDigital in a report on Monday, December 1st. Wall Street Zen upgraded shares of InterDigital from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, Weiss Ratings downgraded shares of InterDigital from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Monday, December 29th.

Insiders Place Their Bets

In other InterDigital news, insider Joshua D. Schmidt sold 6,000 shares of the company’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $348.21, for a total value of $2,089,260.00. Following the sale, the insider owned 25,889 shares in the company, valued at approximately $9,014,808.69. The trade was a 18.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Richard Brezski sold 2,000 shares of the company’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $352.24, for a total value of $704,480.00. Following the completion of the sale, the chief financial officer owned 70,404 shares in the company, valued at $24,799,104.96. This trade represents a 2.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 50,054 shares of company stock valued at $16,777,327 over the last ninety days. 2.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On InterDigital

A number of hedge funds have recently made changes to their positions in the stock. Moran Wealth Management LLC boosted its holdings in InterDigital by 0.6% in the third quarter. Moran Wealth Management LLC now owns 4,751 shares of the Wireless communications provider’s stock valued at $1,640,000 after acquiring an additional 29 shares during the last quarter. Amundi raised its holdings in InterDigital by 0.3% during the 4th quarter. Amundi now owns 10,084 shares of the Wireless communications provider’s stock worth $3,210,000 after purchasing an additional 30 shares during the last quarter. CoreCap Advisors LLC lifted its position in shares of InterDigital by 15.6% in the 3rd quarter. CoreCap Advisors LLC now owns 245 shares of the Wireless communications provider’s stock worth $85,000 after purchasing an additional 33 shares during the period. Kestra Private Wealth Services LLC lifted its position in shares of InterDigital by 2.0% in the 4th quarter. Kestra Private Wealth Services LLC now owns 1,956 shares of the Wireless communications provider’s stock worth $623,000 after purchasing an additional 39 shares during the period. Finally, MGO One Seven LLC boosted its stake in shares of InterDigital by 5.2% in the 4th quarter. MGO One Seven LLC now owns 835 shares of the Wireless communications provider’s stock valued at $266,000 after purchasing an additional 41 shares during the last quarter. 99.83% of the stock is currently owned by institutional investors.

InterDigital Trading Down 1.9%

NASDAQ IDCC opened at $351.33 on Wednesday. The company has a market cap of $9.03 billion, a price-to-earnings ratio of 29.45 and a beta of 1.57. InterDigital has a twelve month low of $180.60 and a twelve month high of $412.60. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.01. The business’s fifty day moving average is $345.77 and its 200 day moving average is $344.56.

InterDigital (NASDAQ:IDCC) last issued its 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. The business had revenue of $158.23 million during the quarter, compared to analysts’ expectations of $155.57 million. InterDigital had a return on equity of 41.09% and a net margin of 48.76%.During the same quarter in the prior year, the firm earned $5.15 EPS. The business’s revenue for the quarter was down 37.4% compared to the same quarter last year. InterDigital has set its Q1 2026 guidance at 2.390-2.680 EPS. As a group, sell-side analysts expect that InterDigital will post 9.21 EPS for the current fiscal year.

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.