Zacks Research Increases Earnings Estimates for InterDigital

InterDigital, Inc. (NASDAQ:IDCC) – Zacks Research increased their FY2026 EPS estimates for shares of InterDigital in a report issued on Thursday, April 9th. Zacks Research analyst Team now anticipates that the Wireless communications provider will earn $7.77 per share for the year, up from their previous forecast of $7.73. The consensus estimate for InterDigital’s current full-year earnings is $9.21 per share. Zacks Research also issued estimates for InterDigital’s Q4 2026 earnings at $1.92 EPS, Q1 2027 earnings at $1.80 EPS and Q2 2027 earnings at $2.16 EPS.

Several other research firms also recently commented on IDCC. Roth Mkm reaffirmed a “buy” rating on shares of InterDigital in a report on Tuesday, January 20th. Wall Street Zen raised shares of InterDigital from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Weiss Ratings downgraded shares of InterDigital from a “buy (a-)” rating to a “buy (b+)” rating in a report on Monday, December 29th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of InterDigital in a report on Wednesday, March 18th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $416.67.

InterDigital Stock Down 0.1%

IDCC stock opened at $351.94 on Monday. The firm’s fifty day simple moving average is $346.23 and its 200-day simple moving average is $345.41. The company has a market capitalization of $9.04 billion, a P/E ratio of 29.50 and a beta of 1.66. 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 has a 12 month low of $181.05 and a 12 month high of $412.60.

InterDigital (NASDAQ:IDCC) last released its quarterly earnings data on Thursday, February 5th. The Wireless communications provider reported $2.12 EPS for the quarter, beating the consensus estimate of $1.65 by $0.47. The business had revenue of $158.23 million for the quarter, compared to the consensus estimate of $155.57 million. InterDigital had a net margin of 48.76% and a return on equity of 41.09%. The business’s revenue for the quarter was down 37.4% on a year-over-year basis. During the same period in the prior year, the firm earned $5.15 EPS. InterDigital has set its Q1 2026 guidance at 2.390-2.680 EPS.

Hedge Funds Weigh In On InterDigital

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IDCC. Price T Rowe Associates Inc. MD lifted its holdings in InterDigital by 62.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,222,111 shares of the Wireless communications provider’s stock valued at $707,477,000 after purchasing an additional 854,845 shares in the last quarter. Norges Bank purchased a new position in InterDigital during the fourth quarter valued at $128,918,000. Wedge Capital Management L L P NC purchased a new position in InterDigital during the third quarter valued at $67,282,000. Geode Capital Management LLC lifted its holdings in InterDigital by 18.6% during the fourth quarter. Geode Capital Management LLC now owns 787,546 shares of the Wireless communications provider’s stock valued at $251,250,000 after purchasing an additional 123,686 shares in the last quarter. Finally, M&T Bank Corp lifted its holdings in InterDigital by 14,563.6% during the fourth quarter. M&T Bank Corp now owns 109,244 shares of the Wireless communications provider’s stock valued at $34,781,000 after purchasing an additional 108,499 shares in the last quarter. 99.83% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Joan H. Gillman sold 325 shares of the stock in a transaction on 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 of the company’s stock, valued at approximately $7,761,960.64. This represents a 1.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Richard Brezski sold 2,000 shares of the stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $352.24, for a total transaction of $704,480.00. Following the sale, the chief financial officer directly owned 70,404 shares in the company, valued at $24,799,104.96. This trade represents a 2.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 27,930 shares of company stock valued at $9,528,129 in the last three months. Corporate insiders own 2.30% of the company’s stock.

InterDigital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Investors of record on Wednesday, April 8th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, April 8th. This represents a $2.80 dividend on an annualized basis and a yield of 0.8%. InterDigital’s dividend payout ratio is 23.47%.

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.