InterDigital (NASDAQ:IDCC) Shares Down 7% – Here’s What Happened

InterDigital, Inc. (NASDAQ:IDCCGet Free Report)’s share price traded down 7% during mid-day trading on Thursday . The company traded as low as $316.50 and last traded at $328.07. 42,121 shares traded hands during trading, a decline of 88% from the average session volume of 358,293 shares. The stock had previously closed at $352.68.

Trending Headlines about InterDigital

Here are the key news stories impacting InterDigital this week:

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Wall Street Zen raised shares of InterDigital from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Jefferies Financial Group reissued a “buy” rating on shares of InterDigital in a research report on Wednesday, March 18th. Finally, Roth Mkm reissued a “buy” rating on shares of InterDigital in a research report on Tuesday, January 20th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $416.67.

Read Our Latest Research Report on IDCC

InterDigital Stock Down 2.0%

The stock’s 50-day moving average price is $347.23 and its two-hundred day moving average price is $346.72. The stock has a market capitalization of $7.51 billion, a PE ratio of 24.35 and a beta of 1.50. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.84 and a current ratio of 1.88.

InterDigital (NASDAQ:IDCCGet Free Report) last released its earnings results on Thursday, April 30th. The Wireless communications provider reported $2.57 earnings per share for the quarter, topping analysts’ consensus estimates of $2.54 by $0.03. The firm had revenue of $205.42 million for the quarter, compared to the consensus estimate of $196.85 million. InterDigital had a net margin of 44.20% and a return on equity of 35.25%. The company’s revenue was down 2.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.45 EPS. 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, analysts expect that InterDigital, Inc. will post 7.71 EPS for the current fiscal year.

InterDigital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 8th were given a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, April 8th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.0%. InterDigital’s dividend payout ratio is currently 23.47%.

Insider Transactions at InterDigital

In other news, insider Joshua D. Schmidt sold 6,000 shares of the company’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $348.21, for a total value of $2,089,260.00. Following the sale, the insider directly owned 25,889 shares of the company’s stock, valued at $9,014,808.69. This represents a 18.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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 sale, the director directly owned 22,036 shares in the company, valued at $7,761,960.64. This trade represents a 1.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 18,997 shares of company stock worth $6,672,454. 2.80% of the stock is owned by insiders.

Institutional Trading of InterDigital

Several institutional investors have recently bought and sold shares of IDCC. Kemnay Advisory Services Inc. purchased a new stake in InterDigital during the 4th quarter valued at about $26,000. Root Financial Partners LLC purchased a new stake in InterDigital during the 3rd quarter valued at about $30,000. Anchor Investment Management LLC purchased a new stake in InterDigital during the 1st quarter valued at about $30,000. Leonteq Securities AG purchased a new stake in InterDigital during the 4th quarter valued at about $35,000. Finally, Aster Capital Management DIFC Ltd grew its position in InterDigital by 186.8% during the 3rd quarter. Aster Capital Management DIFC Ltd now owns 109 shares of the Wireless communications provider’s stock valued at $38,000 after purchasing an additional 71 shares during the last quarter. 99.83% of the stock is owned by hedge funds and other institutional investors.

InterDigital Company Profile

(Get Free Report)

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.

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