Equitable Holdings Inc. Acquires New Position in InterDigital, Inc. $IDCC

Equitable Holdings Inc. bought a new position in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 3,502 shares of the Wireless communications provider's stock, valued at approximately $992,000.

Other large investors have also recently modified their holdings of the company. Kemnay Advisory Services Inc. bought a new stake in shares of InterDigital in the fourth quarter valued at approximately $26,000. Keating Financial Advisory Services Inc. bought a new position in InterDigital in the 2nd quarter worth approximately $25,000. Anchor Investment Management LLC bought a new position in InterDigital in the 1st quarter worth approximately $30,000. Leonteq Securities AG purchased a new position in InterDigital in the 4th quarter valued at approximately $35,000. Finally, Hantz Financial Services Inc. grew its stake in InterDigital by 219.0% in the 4th quarter. Hantz Financial Services Inc. now owns 134 shares of the Wireless communications provider's stock valued at $43,000 after buying an additional 92 shares in the last quarter. Hedge funds and other institutional investors own 99.83% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Zacks Research upgraded InterDigital from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 30th. Weiss Ratings lowered InterDigital from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, InterDigital presently has an average rating of "Buy" and an average price target of $416.67.

Key InterDigital News

Here are the key news stories impacting InterDigital this week:

• Positive Sentiment: Strong Q2 results and higher outlook support the growth story. InterDigital reported quarterly EPS of $4.62 versus the $0.90 consensus estimate and revenue of $260.2 million versus expectations of $143.1 million. Record recurring revenue, an Amazon licensing agreement and raised fiscal 2026 guidance of $10.85-$12.81 EPS provide additional catalysts. Should IDCC Stock Be in Your Portfolio After Solid Q2 Results?
• Positive Sentiment: Analysts raised multiple forward earnings estimates. Zacks Research increased its fiscal 2026 EPS forecast to $10.13 from $7.41, fiscal 2027 EPS to $8.49 from $7.82 and fiscal 2028 EPS to $10.83 from $8.88. Estimates for individual 2027 and 2028 quarters were also raised, and Zacks maintained a “Strong-Buy” rating. The revisions signal improving expectations for licensing revenue and profitability.
• Positive Sentiment: Wall Street’s consensus target implies further upside. A Zacks analysis cited a consensus price target indicating approximately 26.2% potential upside. While price targets alone have limited predictive value, the accompanying upward earnings-revision trend is a more constructive near-term signal. Wall Street Analysts See a 26.24% Upside in InterDigital
• Neutral Sentiment: Valuation is described as roughly fair despite strong returns. InterDigital’s profitability and returns remain attractive, but its elevated P/E ratio means additional gains may depend on continued earnings growth and successful licensing execution. InterDigital Stock Looks Fairly Valued While Returns Stay Strong

InterDigital Price Performance

Shares of NASDAQ:IDCC opened at $335.15 on Friday. The company's fifty day moving average price is $298.94 and its 200-day moving average price is $312.77. The firm has a market capitalization of $8.65 billion, a price-to-earnings ratio of 38.66 and a beta of 1.43. InterDigital, Inc. has a one year low of $249.14 and a one year high of $412.60. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.74 and a quick ratio of 1.74.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.90 by $3.72. InterDigital had a net margin of 38.32% and a return on equity of 28.17%. The company had revenue of $260.17 million during the quarter, compared to the consensus estimate of $143.10 million. During the same period in the previous year, the firm posted $6.52 EPS. The firm's revenue was down 13.4% compared to the same quarter last year. InterDigital has set its FY 2026 guidance at 10.850-12.810 EPS and its Q3 2026 guidance at 1.940-2.130 EPS. On average, equities research analysts anticipate that InterDigital, Inc. will post 9.76 earnings per share for the current fiscal year.

InterDigital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 8th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, July 8th. This represents a $2.80 annualized dividend and a yield of 0.8%. InterDigital's payout ratio is 32.30%.

Insider Activity

In other news, Director John D. Jr. Markley sold 400 shares of the business's stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $300.00, for a total value of $120,000.00. Following the completion of the sale, the director directly owned 11,735 shares in the company, valued at approximately $3,520,500. The trade was a 3.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Rajesh Pankaj sold 1,500 shares of the company's stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $324.88, for a total transaction of $487,320.00. Following the completion of the sale, the chief technology officer directly owned 66,516 shares of the company's stock, valued at $21,609,718.08. This trade represents a 2.21% 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 90 days, insiders have sold 7,672 shares of company stock valued at $2,240,797. 3.50% of the stock is owned by insiders.

About InterDigital

InterDigital, Inc is a mobile and video technology research and development company that designs and licenses wireless communications and video compression innovations. Its patent portfolio encompasses key standards across 3G, 4G LTE and 5G wireless networks, as well as video and multimedia technologies. By focusing on fundamental technology creation rather than device manufacturing, InterDigital delivers core intellectual property to smartphone manufacturers, chipset vendors and telecommunications operators worldwide.

The company's principal services include patent licensing, technology evaluation and consulting.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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