FY2026 EPS Estimates for InterDigital Lifted by Analyst

Key Points

• William Blair raised their FY2026 earnings per share (EPS) forecast for InterDigital to $7.50, up from a previous estimate of $7.17, while the consensus estimate for the current year is $9.21 per share.
• InterDigital's stock opened at $245.18, with a market cap of $6.36 billion and a price-to-earnings ratio of 19.44, reflecting healthy performance and investor interest.
• The company recently announced a quarterly dividend of $0.60, representing an annualized dividend of $2.40 with a yield of 0.98%.

InterDigital, Inc. (NASDAQ:IDCC - Free Report) - Equities research analysts at William Blair raised their FY2026 EPS estimates for InterDigital in a research note issued on Wednesday, July 30th. William Blair analyst A. Bhatia now anticipates that the Wireless communications provider will post earnings of $7.50 per share for the year, up from their previous forecast of $7.17. The consensus estimate for InterDigital's current full-year earnings is $9.21 per share.

InterDigital Price Performance

IDCC traded down $5.40 on Thursday, hitting $252.80. 426,779 shares of the company's stock traded hands, compared to its average volume of 274,102. The company's 50 day simple moving average is $225.71 and its 200-day simple moving average is $210.98. The company has a current ratio of 1.96, a quick ratio of 1.76 and a debt-to-equity ratio of 0.07. InterDigital has a one year low of $129.76 and a one year high of $277.95. The firm has a market cap of $6.56 billion, a price-to-earnings ratio of 18.02, a P/E/G ratio of 1.54 and a beta of 1.37.

InterDigital (NASDAQ:IDCC - Get Free Report) last released its earnings results on Thursday, July 31st. The Wireless communications provider reported $6.52 earnings per share for the quarter, beating analysts' consensus estimates of $2.77 by $3.75. InterDigital had a net margin of 51.92% and a return on equity of 53.44%. The company had revenue of $300.60 million for the quarter, compared to analysts' expectations of $167.93 million. During the same quarter in the previous year, the company earned $4.57 EPS. InterDigital's revenue for the quarter was up 34.5% on a year-over-year basis.

Institutional Trading of InterDigital

A number of hedge funds have recently added to or reduced their stakes in IDCC. James Investment Research Inc. purchased a new position in InterDigital in the second quarter worth $383,000. Teacher Retirement System of Texas increased its holdings in shares of InterDigital by 0.4% during the second quarter. Teacher Retirement System of Texas now owns 11,388 shares of the Wireless communications provider's stock valued at $2,554,000 after acquiring an additional 41 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of InterDigital in the 2nd quarter valued at approximately $1,010,000. Bessemer Group Inc. boosted its stake in InterDigital by 6.1% in the 2nd quarter. Bessemer Group Inc. now owns 121,627 shares of the Wireless communications provider's stock worth $27,273,000 after purchasing an additional 7,005 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in InterDigital by 2.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 150,399 shares of the Wireless communications provider's stock worth $33,724,000 after purchasing an additional 4,015 shares during the last quarter. 99.83% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CTO Rajesh Pankaj sold 1,000 shares of the company's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $224.58, for a total transaction of $224,580.00. Following the transaction, the chief technology officer owned 76,580 shares of the company's stock, valued at approximately $17,198,336.40. This represents a 1.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Joshua D. Schmidt sold 466 shares of the company's stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $232.33, for a total transaction of $108,265.78. Following the completion of the transaction, the insider owned 28,804 shares in the company, valued at approximately $6,692,033.32. The trade was a 1.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,062 shares of company stock worth $920,853. Insiders own 2.80% of the company's stock.

InterDigital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 9th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 0.9%. The ex-dividend date was Wednesday, July 9th. InterDigital's dividend payout ratio (DPR) is currently 17.11%.

About InterDigital

InterDigital, Inc operates as a global research and development company with focus primarily on wireless, visual, artificial intelligence (AI), and related technologies. The company engages in the design and development of technologies that enable connected in a range of communications and entertainment products and services, which are licensed to companies providing such products and services, including makers of wireless communications, consumer electronics, IoT devices, and cars and other motor vehicles, as well as providers of cloud-based services, such as video streaming.