Zacks Research Decreases Earnings Estimates for InterDigital

InterDigital, Inc. (NASDAQ:IDCC - Free Report) - Zacks Research lowered their Q1 2027 earnings per share (EPS) estimates for InterDigital in a research report issued on Tuesday, July 1st. Zacks Research analyst R. Department now expects that the Wireless communications provider will earn $1.90 per share for the quarter, down from their previous forecast of $2.18. The consensus estimate for InterDigital's current full-year earnings is $9.21 per share. Zacks Research also issued estimates for InterDigital's Q2 2027 earnings at $2.32 EPS and FY2027 earnings at $9.42 EPS.

InterDigital Stock Up 1.2%

NASDAQ:IDCC traded up $2.76 during trading hours on Friday, hitting $224.36. 120,699 shares of the company's stock traded hands, compared to its average volume of 371,425. The firm has a market cap of $5.82 billion, a P/E ratio of 17.79, a P/E/G ratio of 1.43 and a beta of 1.36. InterDigital has a twelve month low of $118.50 and a twelve month high of $237.50. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.76 and a current ratio of 1.76. The stock's fifty day moving average price is $218.49 and its two-hundred day moving average price is $205.66.

InterDigital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Wednesday, July 9th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend is Wednesday, July 9th. InterDigital's payout ratio is 19.03%.

Insider Activity

In other InterDigital news, Director Samir Armaly sold 779 shares of the company's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $226.52, for a total value of $176,459.08. Following the transaction, the director directly owned 3,128 shares of the company's stock, valued at $708,554.56. This represents a 19.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jean F. Rankin sold 606 shares of the company's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $226.47, for a total value of $137,240.82. Following the completion of the transaction, the director directly owned 27,353 shares in the company, valued at approximately $6,194,633.91. The trade was a 2.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,762 shares of company stock valued at $822,994 in the last ninety days. Corporate insiders own 2.80% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of IDCC. Elequin Capital LP acquired a new position in InterDigital in the 4th quarter worth about $29,000. Wayfinding Financial LLC acquired a new position in shares of InterDigital during the 1st quarter valued at about $32,000. Banque Transatlantique SA acquired a new position in shares of InterDigital during the 1st quarter valued at about $33,000. Headlands Technologies LLC acquired a new position in shares of InterDigital during the 1st quarter valued at about $35,000. Finally, Concord Wealth Partners acquired a new position in shares of InterDigital during the 1st quarter valued at about $37,000. 99.83% of the stock is owned by institutional investors and hedge funds.

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.