Kingsview Wealth Management 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 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,133 shares of the Wireless communications provider's stock, valued at approximately $887,000.
Several other hedge funds have also recently modified their holdings of IDCC. Pictet Asset Management Holding SA lifted its stake in shares of InterDigital by 293.5% in the 4th quarter. Pictet Asset Management Holding SA now owns 14,098 shares of the Wireless communications provider's stock worth $4,489,000 after acquiring an additional 10,515 shares during the period. Reinhart Partners LLC. increased its stake in shares of InterDigital by 9.0% during the second quarter. Reinhart Partners LLC. now owns 460,404 shares of the Wireless communications provider's stock worth $130,359,000 after acquiring an additional 38,115 shares during the period. NewEdge Wealth LLC raised its holdings in InterDigital by 68.4% during the first quarter. NewEdge Wealth LLC now owns 13,783 shares of the Wireless communications provider's stock worth $4,163,000 after purchasing an additional 5,599 shares in the last quarter. Principal Financial Group Inc. raised its holdings in InterDigital by 4.6% during the fourth quarter. Principal Financial Group Inc. now owns 146,320 shares of the Wireless communications provider's stock worth $46,585,000 after purchasing an additional 6,494 shares in the last quarter. Finally, PFA Pension Forsikringsaktieselskab acquired a new stake in InterDigital in the fourth quarter valued at about $1,852,000. 99.83% of the stock is owned by institutional investors and hedge funds.
InterDigital Price Performance
Shares of NASDAQ IDCC opened at $335.15 on Monday. The stock 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 52 week low of $249.14 and a 52 week high of $412.60. The firm has a 50-day moving average price of $298.94 and a 200 day moving average price of $312.32. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.01.
InterDigital (NASDAQ:IDCC - Get Free Report) last issued its earnings results on Thursday, July 30th. The Wireless communications provider reported $4.62 earnings per share for the quarter, topping 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 company had revenue of $260.17 million for the quarter, compared to analyst estimates of $143.10 million. During the same period in the prior year, the business posted $6.52 earnings per share. The firm's revenue for the quarter 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. Equities research analysts anticipate that InterDigital, Inc. will post 9.76 EPS for the current fiscal year.
InterDigital Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 8th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Wednesday, July 8th. InterDigital's payout ratio is presently 32.30%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on IDCC shares. Zacks Research raised InterDigital from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 30th. Weiss Ratings downgraded InterDigital from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $416.67.
Read Our Latest Research Report on IDCC
Insider Activity at InterDigital
In other news, CTO Rajesh Pankaj sold 1,500 shares of InterDigital stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $324.88, for a total transaction of $487,320.00. Following the completion of the transaction, the chief technology officer owned 66,516 shares of the company's stock, valued at $21,609,718.08. The trade was a 2.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John D. Jr. Markley sold 400 shares of InterDigital stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $300.00, for a total value of $120,000.00. Following the transaction, the director directly owned 11,735 shares of the company's stock, valued at $3,520,500. This trade represents a 3.30% 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. Insiders sold 7,672 shares of company stock valued at $2,240,797 in the last 90 days. 3.50% of the stock is owned by corporate insiders.
More 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
About InterDigital
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding IDCC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for InterDigital, Inc. (NASDAQ:IDCC - Free Report).
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