InterDigital, Inc. (NASDAQ:IDCC - Get Free Report) insider Joshua Schmidt sold 6,000 shares of InterDigital 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 transaction, the insider owned 25,889 shares in the company, valued at $9,014,808.69. This trade 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.
InterDigital Price Performance
Shares of IDCC opened at $351.33 on Wednesday. The stock has a 50 day simple moving average of $345.77 and a 200 day simple moving average of $344.56. InterDigital, Inc. has a 52-week low of $180.60 and a 52-week high of $412.60. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.84 and a current ratio of 1.84. The firm has a market capitalization of $9.03 billion, a PE ratio of 29.45 and a beta of 1.57.
InterDigital (NASDAQ:IDCC - Get Free Report) last announced its earnings results on Thursday, February 5th. The Wireless communications provider reported $2.12 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 the consensus estimate of $155.57 million. During the same period last year, the company posted $5.15 EPS. The business's quarterly revenue was down 37.4% on a year-over-year basis. InterDigital has set its Q1 2026 guidance at 2.390-2.680 EPS. Sell-side analysts predict that InterDigital, Inc. will post 9.21 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of equities research analysts recently commented on IDCC shares. Roth Mkm restated a "buy" rating on shares of InterDigital in a report on Tuesday, January 20th. Zacks Research cut InterDigital from a "strong-buy" rating to a "hold" rating in a report on Friday, November 21st. UBS Group set a $425.00 price target on InterDigital in a research note on Monday, December 1st. Wall Street Zen upgraded InterDigital from a "sell" rating to a "hold" rating in a report on Saturday, March 7th. Finally, Weiss Ratings cut InterDigital from a "buy (a-)" rating to a "buy (b+)" rating in a research report on Monday, December 29th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $416.67.
Read Our Latest Research Report on IDCC
Institutional Trading of InterDigital
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. NewEdge Advisors LLC boosted its position in InterDigital by 37.6% during the first quarter. NewEdge Advisors LLC now owns 3,911 shares of the Wireless communications provider's stock valued at $809,000 after purchasing an additional 1,069 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of InterDigital by 5.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 77,066 shares of the Wireless communications provider's stock worth $15,933,000 after purchasing an additional 4,105 shares during the last quarter. Vise Technologies Inc. acquired a new position in shares of InterDigital during the 2nd quarter worth approximately $212,000. PNC Financial Services Group Inc. raised its stake in shares of InterDigital by 13.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,061 shares of the Wireless communications provider's stock worth $686,000 after purchasing an additional 354 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of InterDigital by 1.9% during the 2nd quarter. Geode Capital Management LLC now owns 658,877 shares of the Wireless communications provider's stock worth $148,103,000 after purchasing an additional 12,223 shares in the last quarter. 99.83% of the stock is currently owned by institutional investors and hedge funds.
About InterDigital
(
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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