Insider Selling: InterDigital (NASDAQ:IDCC) Insider Sells 6,000 Shares of Stock

InterDigital, Inc. (NASDAQ:IDCC) insider Joshua Schmidt sold 6,000 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the insider owned 25,889 shares in the company, valued at $9,014,808.69. The trade was a 18.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

InterDigital Stock Performance

Shares of IDCC stock traded down $6.98 during trading on Tuesday, hitting $351.33. The company’s stock had a trading volume of 255,491 shares, compared to its average volume of 253,610. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.01. The company has a market cap of $9.03 billion, a PE ratio of 29.45 and a beta of 1.57. The business has a fifty day moving average of $345.77 and a 200-day moving average of $344.56. InterDigital, Inc. has a 52 week low of $180.60 and a 52 week high of $412.60.

InterDigital (NASDAQ:IDCC) last issued its quarterly earnings results on Thursday, February 5th. The Wireless communications provider reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $1.65 by $0.47. InterDigital had a return on equity of 41.09% and a net margin of 48.76%.The business had revenue of $158.23 million for the quarter, compared to analyst estimates of $155.57 million. During the same period last year, the company posted $5.15 earnings per share. InterDigital’s quarterly revenue 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, research analysts anticipate that InterDigital, Inc. will post 9.21 earnings per share for the current year.

Institutional Investors Weigh In On InterDigital

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Moran Wealth Management LLC increased its stake in shares of InterDigital by 0.6% in the third quarter. Moran Wealth Management LLC now owns 4,751 shares of the Wireless communications provider’s stock worth $1,640,000 after purchasing an additional 29 shares in the last quarter. Amundi lifted its stake in shares of InterDigital by 0.3% during the 4th quarter. Amundi now owns 10,084 shares of the Wireless communications provider’s stock valued at $3,210,000 after buying an additional 30 shares in the last quarter. CoreCap Advisors LLC lifted its stake in shares of InterDigital by 15.6% during the 3rd quarter. CoreCap Advisors LLC now owns 245 shares of the Wireless communications provider’s stock valued at $85,000 after buying an additional 33 shares in the last quarter. Kestra Private Wealth Services LLC boosted its holdings in 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 buying an additional 39 shares during the period. Finally, MGO One Seven LLC grew its stake in 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 buying an additional 41 shares in the last quarter. 99.83% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on IDCC shares. UBS Group set a $425.00 price target on shares of InterDigital in a report on Monday, December 1st. Weiss Ratings lowered shares of InterDigital from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday, December 29th. Roth Mkm reiterated a “buy” rating on shares of InterDigital in a research note on Tuesday, January 20th. Wall Street Zen raised shares of InterDigital from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, Zacks Research cut shares of InterDigital from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $416.67.

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.