InterDigital FY2024 EPS Estimate Increased by Zacks Research

InterDigital, Inc. (NASDAQ:IDCC) – Stock analysts at Zacks Research boosted their FY2024 earnings estimates for shares of InterDigital in a report issued on Monday, October 14th. Zacks Research analyst R. Department now anticipates that the Wireless communications provider will post earnings per share of $9.16 for the year, up from their prior forecast of $9.08. The consensus estimate for InterDigital’s current full-year earnings is $9.04 per share. Zacks Research also issued estimates for InterDigital’s Q4 2024 earnings at $1.11 EPS, Q1 2025 earnings at $0.94 EPS, Q2 2025 earnings at $0.79 EPS, Q3 2025 earnings at $0.78 EPS, Q4 2025 earnings at $1.18 EPS, FY2025 earnings at $3.79 EPS, Q1 2026 earnings at $0.98 EPS, Q2 2026 earnings at $0.81 EPS and FY2026 earnings at $4.25 EPS.

Other equities research analysts have also recently issued research reports about the stock. StockNews.com upgraded shares of InterDigital from a “hold” rating to a “buy” rating in a research report on Tuesday. Roth Mkm raised their price objective on shares of InterDigital from $146.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, September 11th.

InterDigital Trading Down 0.7 %

IDCC opened at $155.69 on Wednesday. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $3.93 billion, a PE ratio of 22.90, a PEG ratio of 0.94 and a beta of 1.39. InterDigital has a 1-year low of $74.65 and a 1-year high of $157.50. The firm has a 50-day moving average price of $139.52 and a two-hundred day moving average price of $121.87.

InterDigital (NASDAQ:IDCC) last announced its earnings results on Thursday, August 1st. The Wireless communications provider reported $4.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $3.77. The business had revenue of $223.49 million during the quarter, compared to analysts’ expectations of $95.63 million. InterDigital had a net margin of 37.99% and a return on equity of 44.57%.

InterDigital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 9th will be given a dividend of $0.45 per share. This is a boost from InterDigital’s previous quarterly dividend of $0.40. The ex-dividend date is Wednesday, October 9th. This represents a $1.80 annualized dividend and a dividend yield of 1.16%. InterDigital’s payout ratio is currently 26.47%.

Insider Activity

In other news, CTO Rajesh Pankaj sold 700 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $142.78, for a total value of $99,946.00. Following the completion of the transaction, the chief technology officer now owns 54,984 shares in the company, valued at $7,850,615.52. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Derek K. Aberle sold 2,005 shares of the stock in a transaction on Monday, August 19th. The shares were sold at an average price of $134.40, for a total transaction of $269,472.00. Following the completion of the transaction, the director now owns 7,639 shares in the company, valued at approximately $1,026,681.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Rajesh Pankaj sold 700 shares of the stock in a transaction on Monday, October 7th. The stock was sold at an average price of $142.78, for a total transaction of $99,946.00. Following the transaction, the chief technology officer now owns 54,984 shares of the company’s stock, valued at $7,850,615.52. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,205 shares of company stock worth $716,218 over the last quarter. 2.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. V Square Quantitative Management LLC bought a new stake in InterDigital during the third quarter worth $26,000. 1620 Investment Advisors Inc. bought a new stake in InterDigital during the second quarter worth $29,000. Riverview Trust Co bought a new stake in InterDigital during the first quarter worth $31,000. GAMMA Investing LLC raised its position in InterDigital by 50.8% during the second quarter. GAMMA Investing LLC now owns 368 shares of the Wireless communications provider’s stock worth $43,000 after acquiring an additional 124 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its position in InterDigital by 38.0% during the second quarter. Nisa Investment Advisors LLC now owns 396 shares of the Wireless communications provider’s stock worth $46,000 after acquiring an additional 109 shares in the last quarter. Institutional investors and hedge funds own 99.83% of the company’s stock.

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.