Jupiter Topco LLC Buys Shares of 11,718 InterDigital, Inc. $IDCC

Key Points

• Jupiter Topco LLC purchased 11,718 InterDigital shares worth approximately $3.3 million in the second quarter. Institutional investors and hedge funds now own 99.83% of the company, with several other firms also initiating or increasing positions.
• InterDigital reported quarterly EPS of $4.62, significantly above the $0.90 consensus estimate, while revenue reached $260.17 million but declined 13.4% year over year. The company issued fiscal 2026 EPS guidance of $10.85–$12.81.
• IDCC shares opened at $319.90 after a reported 4.5% decline; analysts maintain a consensus “Buy” rating with a $416.67 price target. The company pays a quarterly dividend of $0.70, while insiders have sold 7,672 shares worth about $2.24 million over the past 90 days.

Jupiter Topco LLC purchased a new position in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 11,718 shares of the Wireless communications provider's stock, valued at approximately $3,316,000.

Other hedge funds have also made changes to their positions in the company. Hsbc Holdings PLC acquired a new stake in InterDigital in the 2nd quarter worth approximately $228,000. Canada Pension Plan Investment Board bought a new position in shares of InterDigital in the second quarter valued at approximately $13,392,000. Nicholas Investment Partners LP acquired a new stake in shares of InterDigital in the second quarter worth $2,916,000. The Manufacturers Life Insurance Company acquired a new stake in shares of InterDigital in the second quarter worth $6,879,000. Finally, Algert Global LLC boosted its holdings in shares of InterDigital by 112.2% during the 2nd quarter. Algert Global LLC now owns 19,310 shares of the Wireless communications provider's stock worth $5,467,000 after buying an additional 10,210 shares during the period. Institutional investors and hedge funds own 99.83% of the company's stock.

Insider Transactions at InterDigital

In other news, CTO Rajesh Pankaj sold 1,500 shares of the stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $324.88, for a total value of $487,320.00. Following the completion of the transaction, the chief technology officer owned 66,516 shares in the company, valued at approximately $21,609,718.08. This represents a 2.21% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John A. Kritzmacher sold 365 shares of the stock in a transaction on Friday, June 12th. The shares were sold at an average price of $276.64, for a total transaction of $100,973.60. Following the completion of the transaction, the director owned 16,359 shares of the company's stock, valued at approximately $4,525,553.76. This represents a 2.18% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 7,672 shares of company stock valued at $2,240,797 over the last 90 days. Corporate insiders own 3.50% of the company's stock.

InterDigital Stock Down 4.5%

IDCC stock opened at $319.90 on Wednesday. InterDigital, Inc. has a twelve month low of $249.14 and a twelve month high of $412.60. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.01. The company has a market cap of $8.26 billion, a PE ratio of 36.90 and a beta of 1.43. The business's 50-day simple moving average is $300.50 and its 200 day simple moving average is $311.89.

InterDigital (NASDAQ:IDCC - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The Wireless communications provider reported $4.62 EPS for the quarter, beating the consensus estimate of $0.90 by $3.72. InterDigital had a return on equity of 28.17% and a net margin of 38.32%.The firm had revenue of $260.17 million during the quarter, compared to analysts' expectations of $143.10 million. During the same quarter in the prior year, the firm posted $6.52 EPS. The company's revenue for the quarter 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. On average, research analysts anticipate that InterDigital, Inc. will post 9.76 earnings per share for the current year.

InterDigital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 22nd. Investors of record on Wednesday, July 8th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Wednesday, July 8th. InterDigital's dividend payout ratio is presently 32.30%.

Wall Street Analysts Forecast Growth

IDCC has been the topic of a number of research analyst reports. Weiss Ratings downgraded shares of InterDigital from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, August 11th. Zacks Research upgraded shares of InterDigital from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $416.67.

InterDigital Profile

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.

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