InterDigital (NASDAQ:IDCC) Insider Joshua Schmidt Sells 467 Shares of Stock

InterDigital, Inc. (NASDAQ:IDCC) insider Joshua Schmidt sold 467 shares of InterDigital stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $365.86, for a total value of $170,856.62. Following the completion of the transaction, the insider owned 27,021 shares in the company, valued at approximately $9,885,903.06. This represents a 1.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

InterDigital Price Performance

Shares of InterDigital stock opened at $370.80 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.84 and a quick ratio of 1.84. InterDigital, Inc. has a one year low of $180.60 and a one year high of $412.60. The business’s 50 day simple moving average is $338.32 and its two-hundred day simple moving average is $337.79. The stock has a market capitalization of $9.53 billion, a P/E ratio of 31.08 and a beta of 1.57.

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 the consensus estimate of $1.65 by $0.47. InterDigital had a net margin of 48.76% and a return on equity of 41.09%. The firm had revenue of $158.23 million for the quarter, compared to analysts’ expectations of $155.57 million. During the same quarter last year, the business earned $5.15 earnings per share. The business’s revenue was down 37.4% on a year-over-year basis. InterDigital has set its Q1 2026 guidance at 2.390-2.680 EPS. Analysts forecast that InterDigital, Inc. will post 9.21 EPS for the current year.

InterDigital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 28th. Stockholders of record on Wednesday, January 14th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Wednesday, January 14th. InterDigital’s dividend payout ratio is currently 23.47%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on IDCC. Roth Mkm reiterated a “buy” rating on shares of InterDigital in a research report on Tuesday, January 20th. Zacks Research lowered shares of InterDigital from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. Weiss Ratings cut shares of InterDigital from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday, December 29th. Wall Street Zen cut shares of InterDigital from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. Finally, UBS Group set a $425.00 price objective on shares of InterDigital in a report on Monday, December 1st. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, InterDigital presently has a consensus rating of “Moderate Buy” and an average target price of $416.67.

Institutional Investors Weigh In On InterDigital

Several hedge funds have recently bought and sold shares of the business. Kemnay Advisory Services Inc. bought a new stake in shares of InterDigital in the 4th quarter worth approximately $26,000. Root Financial Partners LLC bought a new stake in InterDigital in the third quarter worth $30,000. Aster Capital Management DIFC Ltd boosted its holdings in InterDigital by 186.8% in the third quarter. Aster Capital Management DIFC Ltd now owns 109 shares of the Wireless communications provider’s stock worth $38,000 after acquiring an additional 71 shares in the last quarter. Leonteq Securities AG purchased a new stake in shares of InterDigital in the fourth quarter worth $35,000. Finally, Twin Peaks Wealth Advisors LLC bought a new position in shares of InterDigital during the second quarter valued at $28,000. Institutional investors own 99.83% of the company’s stock.

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.