California State Teachers Retirement System Has $8.41 Million Stake in InterDigital, Inc. $IDCC

California State Teachers Retirement System trimmed its holdings in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 1.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,713 shares of the Wireless communications provider's stock after selling 462 shares during the period. California State Teachers Retirement System owned 0.12% of InterDigital worth $8,412,642 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of IDCC. Geode Capital Management LLC grew its position in shares of InterDigital by 18.6% in the 4th quarter. Geode Capital Management LLC now owns 787,546 shares of the Wireless communications provider's stock valued at $251,250,000 after buying an additional 123,686 shares during the last quarter. Reinhart Partners LLC. grew its holdings in InterDigital by 9.0% in the second quarter. Reinhart Partners LLC. now owns 460,404 shares of the Wireless communications provider's stock worth $130,359,000 after purchasing an additional 38,115 shares during the period. Norges Bank bought a new stake in shares of InterDigital in the fourth quarter worth $128,918,000. Bank of America Corp DE raised its position in shares of InterDigital by 31.3% during the first quarter. Bank of America Corp DE now owns 266,724 shares of the Wireless communications provider's stock valued at $80,551,000 after buying an additional 63,524 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in InterDigital by 135.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 219,388 shares of the Wireless communications provider's stock worth $66,255,000 after purchasing an additional 126,328 shares during the period. Institutional investors and hedge funds own 99.83% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on IDCC shares. Zacks Research upgraded InterDigital from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 30th. Weiss Ratings downgraded shares of InterDigital from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $450.00.

InterDigital Trading Down 3.2%

NASDAQ:IDCC traded down $10.95 on Tuesday, reaching $329.43. 91,300 shares of the stock traded hands, compared to its average volume of 337,886. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.01. InterDigital, Inc. has a 1-year low of $249.14 and a 1-year high of $412.60. The firm has a market capitalization of $8.50 billion, a price-to-earnings ratio of 38.20 and a beta of 1.43. The company's 50 day moving average is $311.44 and its 200-day moving average is $310.50.

InterDigital (NASDAQ:IDCC - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The Wireless communications provider reported $4.62 earnings per share for the quarter, beating the consensus estimate of $0.90 by $3.72. InterDigital had a net margin of 38.32% and a return on equity of 28.17%. The firm had revenue of $260.17 million for the quarter, compared to analysts' expectations of $143.10 million. During the same quarter last year, the company posted $6.52 EPS. The business's quarterly revenue was down 13.4% on a year-over-year basis. InterDigital has set its FY 2026 guidance at 10.850-12.810 EPS and its Q3 2026 guidance at 1.940-2.130 EPS. Equities research analysts anticipate that InterDigital, Inc. will post 9.76 EPS for the current fiscal year.

InterDigital Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 28th. Investors of record on Wednesday, October 14th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Wednesday, October 14th. This represents a $3.00 annualized dividend and a yield of 0.9%. This is a boost from InterDigital's previous quarterly dividend of $0.70. InterDigital's dividend payout ratio is currently 34.60%.

InterDigital News Roundup

Here are the key news stories impacting InterDigital this week:

• Positive Sentiment: InterDigital’s investment case remains supported by record recurring revenue, its licensing agreement with Amazon and an improved 2026 outlook. Zacks noted that these catalysts could support the stock despite a relatively modest 5.2% gain over the past year. IDCC Gains Just 5% in a Year: Should It Still Be in Your Portfolio?
• Positive Sentiment: Zacks Research maintained its “Strong-Buy” rating. Its estimates still imply substantial earnings, including $9.64 in fiscal 2026 and $10.65 in fiscal 2028, although both figures were reduced.
• Neutral Sentiment: One forecast was raised: Q2 2027 EPS was increased to $1.97 from $1.91. The mixed revisions suggest analysts continue to expect earnings growth but see some near-term uncertainty.
• Negative Sentiment: Zacks lowered its fiscal 2026 EPS estimate to $9.64 from $10.13 and cut Q4 2026 EPS sharply to $1.73 from $2.13. The firm also reduced estimates for Q3 2027, Q4 2027, Q1 2028, Q2 2028 and full-year 2028, with the latter falling to $10.65 from $10.83. Q3 EPS Estimates for InterDigital Cut by Zacks Research

Insider Activity

In related news, CTO Rajesh Pankaj sold 1,500 shares of the business's stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $338.00, for a total value of $507,000.00. Following the completion of the sale, the chief technology officer directly owned 65,016 shares of the company's stock, valued at $21,975,408. The trade was a 2.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Joan Gillman sold 300 shares of the firm's stock in a transaction on Friday, August 7th. The stock was sold at an average price of $331.06, for a total value of $99,318.00. Following the sale, the director owned 22,736 shares in the company, valued at $7,526,980.16. This trade represents a 1.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 5,200 shares of company stock valued at $1,642,638. 3.50% of the stock is currently owned by corporate insiders.

InterDigital Profile

InterDigital, Inc is a wireless technology research and development company that designs and develops advanced technologies used in mobile and other connected devices. Its work spans cellular communications, including 2G, 3G, 4G LTE and 5G, as well as wireless connectivity, video technologies and the Internet of Things.

The company primarily generates revenue by licensing its intellectual property to manufacturers of wireless products and other technology companies. Its portfolio includes patents and technical contributions related to wireless standards, network performance, spectrum efficiency, device connectivity and multimedia communications.

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