InterDigital Stock Earnings Estimates Cut by Zacks Research

InterDigital, Inc. (NASDAQ:IDCC) – Research analysts at Zacks Research dropped their Q3 2026 earnings estimates for InterDigital in a research report issued on Thursday, October 22nd. Zacks Research analyst Team now expects that the Wireless communications provider will post earnings per share of $1.62 for the quarter, down from their previous estimate of $1.65. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for InterDigital’s current full-year earnings is $9.39 per share. Zacks Research also issued estimates for InterDigital’s Q4 2026 earnings at $1.54 EPS, FY2026 earnings at $9.38 EPS, Q1 2027 earnings at $2.02 EPS, Q2 2027 earnings at $1.98 EPS, Q3 2027 earnings at $2.18 EPS, Q4 2027 earnings at $2.36 EPS, FY2027 earnings at $8.55 EPS, Q1 2028 earnings at $2.37 EPS, Q2 2028 earnings at $2.62 EPS, Q3 2028 earnings at $2.88 EPS and FY2028 earnings at $10.66 EPS.

Separately, Weiss Ratings upgraded shares of InterDigital from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $450.00.

InterDigital Price Performance

Shares of NASDAQ:IDCC opened at $328.81 on Monday. InterDigital has a 1-year low of $249.14 and a 1-year high of $412.60. The business’s 50 day moving average is $332.83 and its 200-day moving average is $318.02.

InterDigital (NASDAQ:IDCC) last released its earnings results on Thursday, July 30th. The Wireless communications provider reported $4.62 EPS for the quarter, beating the consensus estimate of $0.90 by $3.72. The company had revenue of $260.17 million for the quarter, compared to analyst estimates of $143.10 million. During the same quarter in the previous year, the company earned $6.52 earnings per share. InterDigital’s revenue for the quarter was down 13.4% compared to the same quarter last year. InterDigital has set its FY 2026 guidance at 10.850-12.810 EPS and its Q3 2026 guidance at 1.940-2.130 EPS.

Institutional Investors Weigh In On InterDigital

Several institutional investors and hedge funds have recently added to or reduced their stakes in IDCC. Bank of America Corp DE bought a new position in shares of InterDigital during the 2nd quarter worth approximately $46,953,000. Royal Bank of Canada increased its stake in InterDigital by 375.7% in the first quarter. Royal Bank of Canada now owns 199,655 shares of the Wireless communications provider’s stock valued at $60,297,000 after acquiring an additional 157,687 shares during the last quarter. Neumeier Poma Investment Counsel LLC acquired a new position in InterDigital during the second quarter worth about $42,350,302. Arrowstreet Capital Limited Partnership increased its holdings in shares of InterDigital by 135.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 219,388 shares of the Wireless communications provider’s stock worth $66,255,000 after buying an additional 126,328 shares in the last quarter. Finally, Summit Street Capital Management LLC bought a new position in InterDigital in the 2nd quarter valued at approximately $18,163,000. 99.83% of the stock is owned by institutional investors.

Insider Buying and Selling at InterDigital

In other news, Director Joan H. Gillman sold 300 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $331.06, for a total transaction of $99,318.00. Following the sale, the director owned 22,736 shares of the company’s stock, valued at $7,526,980.16. This trade represents a 1.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Rajesh Pankaj sold 1,500 shares of the firm’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $324.88, for a total transaction of $487,320.00. Following the sale, the chief technology officer owned 66,516 shares in the company, valued at approximately $21,609,718.08. The trade was a 2.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 4,800 shares of company stock worth $1,595,118 over the last 90 days. 3.50% of the stock is owned by corporate insiders.

InterDigital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Wednesday, October 14th will be paid a $0.75 dividend. This is a boost from InterDigital’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Wednesday, October 14th. This represents a $3.00 annualized dividend and a dividend yield of 0.9%.

About InterDigital

InterDigital, Inc is a technology research and development company that creates advanced wireless, video and related connectivity technologies. Its work supports communications across cellular networks, including 4G and 5G, as well as Wi-Fi, the Internet of Things and other connected devices.

The company’s primary business is developing intellectual property and licensing its patented technologies to manufacturers and other industry participants. Its portfolio includes innovations related to wireless communications, radio access networks, signal processing, video compression and delivery, and connected-device functionality.