Rockefeller Capital Management L.P. Increases Holdings in InterDigital, Inc. $IDCC

Key Points

• Rockefeller Capital Management increased its stake in InterDigital by 19.5% in the fourth quarter, and institutional ownership remains extremely high at 99.83% of the company’s shares.
• InterDigital reported solid quarterly results, with EPS of $2.57 beating estimates and revenue of $205.42 million topping expectations. The company also issued strong guidance for Q2 2026 and FY 2026.
• The stock was down 6.3% to $279.17, while the company announced a quarterly dividend of $0.70 per share payable July 22. Analysts currently rate the stock a Moderate Buy with an average price target of $416.67.

Rockefeller Capital Management L.P. lifted its holdings in InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 19.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 46,317 shares of the Wireless communications provider's stock after acquiring an additional 7,553 shares during the period. Rockefeller Capital Management L.P. owned 0.18% of InterDigital worth $14,746,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hsbc Holdings PLC raised its position in InterDigital by 2,027.6% during the fourth quarter. Hsbc Holdings PLC now owns 18,170 shares of the Wireless communications provider's stock valued at $5,820,000 after purchasing an additional 17,316 shares during the period. Caitong International Asset Management Co. Ltd lifted its stake in shares of InterDigital by 431.1% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 239 shares of the Wireless communications provider's stock valued at $76,000 after purchasing an additional 194 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of InterDigital by 2,700.1% in the 4th quarter. Pacer Advisors Inc. now owns 68,659 shares of the Wireless communications provider's stock worth $21,860,000 after purchasing an additional 66,207 shares during the period. Invesco Ltd. boosted its holdings in shares of InterDigital by 24.8% in the 4th quarter. Invesco Ltd. now owns 450,863 shares of the Wireless communications provider's stock worth $143,546,000 after purchasing an additional 89,647 shares during the period. Finally, Mercer Global Advisors Inc. ADV increased its position in shares of InterDigital by 10.0% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 3,483 shares of the Wireless communications provider's stock valued at $1,109,000 after purchasing an additional 316 shares during the last quarter. Hedge funds and other institutional investors own 99.83% of the company's stock.

Insider Activity

In other InterDigital news, Director John D. Jr. Markley sold 400 shares of the business's stock in a transaction dated 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 of the company's stock, valued at $3,520,500. The trade was a 3.30% decrease in their position. The transaction was disclosed in a 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 John A. Kritzmacher sold 365 shares of the business's stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $276.64, for a total value of $100,973.60. Following the completion of the sale, the director owned 16,359 shares of the company's stock, valued at $4,525,553.76. The trade was a 2.18% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 5,872 shares of company stock valued at $1,695,109. Insiders own 3.50% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on IDCC. Jefferies Financial Group restated a "buy" rating on shares of InterDigital in a report on Wednesday, March 18th. Weiss Ratings lowered shares of InterDigital from a "buy (b)" rating to a "buy (b-)" rating in a research note on Friday, June 12th. Finally, Wall Street Zen upgraded shares of InterDigital from a "sell" rating to a "hold" rating in a research report on Saturday, March 7th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, InterDigital currently has an average rating of "Moderate Buy" and an average price target of $416.67.

InterDigital Trading Down 6.3%

IDCC opened at $279.17 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.88 and a current ratio of 1.88. The stock's 50 day moving average price is $295.00 and its 200-day moving average price is $323.20. InterDigital, Inc. has a one year low of $213.06 and a one year high of $412.60. The stock has a market cap of $7.21 billion, a price-to-earnings ratio of 26.29 and a beta of 1.43.

InterDigital (NASDAQ:IDCC - Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.54 by $0.03. The firm had revenue of $205.42 million during the quarter, compared to analyst estimates of $196.85 million. InterDigital had a return on equity of 35.25% and a net margin of 44.20%.InterDigital's quarterly revenue was down 2.4% compared to the same quarter last year. During the same period last year, the company earned $3.45 EPS. InterDigital has set its Q2 2026 guidance at 1.410-1.600 EPS and its FY 2026 guidance at 8.740-11.840 EPS. On average, equities analysts forecast that InterDigital, Inc. will post 7.41 EPS for the current year.

InterDigital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 8th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Wednesday, July 8th. InterDigital's payout ratio is currently 26.37%.

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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