Zacks Research Forecasts Reduced Earnings for InterDigital

InterDigital, Inc. (NASDAQ:IDCC) – Zacks Research decreased their Q1 2027 earnings estimates for shares of InterDigital in a research report issued to clients and investors 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 prior 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 Performance

NASDAQ:IDCC opened at $224.36 on Friday. InterDigital has a 12-month low of $120.18 and a 12-month high of $237.50. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $5.82 billion, a PE ratio of 17.79, a price-to-earnings-growth ratio of 1.43 and a beta of 1.36. The firm has a 50-day moving average price of $218.49 and a 200 day moving average price of $205.78.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Elequin Capital LP bought a new stake in InterDigital during the fourth quarter worth about $29,000. Wayfinding Financial LLC bought a new stake in InterDigital during the first quarter worth about $32,000. Headlands Technologies LLC bought a new stake in InterDigital during the first quarter worth about $35,000. Banque Transatlantique SA bought a new stake in InterDigital during the first quarter worth about $33,000. Finally, Concord Wealth Partners bought a new stake in InterDigital during the first quarter worth about $37,000. 99.83% of the stock is owned by institutional investors and hedge funds.

Insider Activity at InterDigital

In related news, Director John A. Kritzmacher sold 519 shares of the firm’s stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $226.65, for a total value of $117,631.35. Following the completion of the sale, the director owned 19,774 shares of the company’s stock, valued at $4,481,777.10. This trade represents a 2.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Samir Armaly sold 779 shares of the company’s stock in a transaction on Monday, June 9th. The shares were sold at an average price of $226.52, for a total transaction of $176,459.08. Following the completion of the sale, the director owned 3,128 shares of the company’s stock, valued at approximately $708,554.56. This represents a 19.94% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,762 shares of company stock valued at $822,994. Insiders own 2.80% of the company’s stock.

InterDigital Announces Dividend

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

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.