Vestcor Inc Sells 14,145 Shares of InterDigital, Inc. $IDCC

Key Points

• Vestcor Inc. reduced its InterDigital stake by 40.2%, selling 14,145 shares in Q3 and ending the quarter with 21,077 shares valued at roughly $7.28 million.
• Insiders have been net sellers recently — a total of 44,054 shares were sold in the past 90 days (including CFO Richard Brezski and Director John Markley), amounting to about $14.69 million and leaving insiders with 2.30% ownership.
• InterDigital beat Q4 EPS estimates with $2.12 vs. $1.65 expected despite revenue falling 37.4% year-over-year; management guided Q1 FY2026 EPS to 2.390–2.680 and analysts maintain a "Moderate Buy" consensus with a $416.67 target.

Vestcor Inc lowered its holdings in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 40.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,077 shares of the Wireless communications provider's stock after selling 14,145 shares during the quarter. Vestcor Inc owned 0.08% of InterDigital worth $7,276,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Twin Peaks Wealth Advisors LLC acquired a new position in shares of InterDigital in the 2nd quarter valued at approximately $28,000. Root Financial Partners LLC acquired a new stake in InterDigital during the 3rd quarter worth approximately $30,000. Aster Capital Management DIFC Ltd lifted its stake in InterDigital by 186.8% in the third quarter. Aster Capital Management DIFC Ltd now owns 109 shares of the Wireless communications provider's stock valued at $38,000 after buying an additional 71 shares in the last quarter. Huntington National Bank lifted its stake in InterDigital by 530.3% in the second quarter. Huntington National Bank now owns 208 shares of the Wireless communications provider's stock valued at $47,000 after buying an additional 175 shares in the last quarter. Finally, Spire Wealth Management acquired a new position in shares of InterDigital in the third quarter valued at approximately $49,000. Institutional investors own 99.83% of the company's stock.

Insider Transactions at InterDigital

In other InterDigital news, CFO Richard Brezski sold 2,000 shares of the business's stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $352.24, for a total transaction of $704,480.00. Following the sale, the chief financial officer directly owned 70,404 shares of the company's stock, valued at $24,799,104.96. The trade was a 2.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director John D. Jr. Markley sold 700 shares of the stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $374.95, for a total transaction of $262,465.00. Following the transaction, the director owned 11,223 shares of the company's stock, valued at approximately $4,208,063.85. This represents a 5.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 44,054 shares of company stock worth $14,688,067. 2.30% of the stock is owned by insiders.

InterDigital Price Performance

Shares of IDCC opened at $363.77 on Tuesday. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.01. InterDigital, Inc. has a twelve month low of $180.60 and a twelve month high of $412.60. The stock has a market capitalization of $9.35 billion, a P/E ratio of 30.49 and a beta of 1.57. The company has a 50 day moving average of $341.13 and a 200-day moving average of $340.67.

InterDigital (NASDAQ:IDCC - Get Free Report) last announced its quarterly earnings data on Thursday, February 5th. The Wireless communications provider reported $2.12 EPS for the quarter, topping analysts' consensus estimates of $1.65 by $0.47. InterDigital had a net margin of 48.76% and a return on equity of 41.09%. The business had revenue of $158.23 million for the quarter, compared to analyst estimates of $155.57 million. During the same quarter in the previous year, the firm posted $5.15 earnings per share. The firm's revenue for the quarter was down 37.4% on a year-over-year basis. InterDigital has set its Q1 2026 guidance at 2.390-2.680 EPS. As a group, equities research analysts forecast that InterDigital, Inc. will post 9.21 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Weiss Ratings downgraded shares of InterDigital from a "buy (a-)" rating to a "buy (b+)" rating in a research report on Monday, December 29th. UBS Group set a $425.00 price objective on shares of InterDigital in a research report on Monday, December 1st. Zacks Research lowered shares of InterDigital from a "strong-buy" rating to a "hold" rating in a research note on Friday, November 21st. Roth Mkm reiterated a "buy" rating on shares of InterDigital in a report on Tuesday, January 20th. Finally, Wall Street Zen raised InterDigital from a "sell" rating to a "hold" rating in a research note on Saturday. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, InterDigital presently has an average rating of "Moderate Buy" and a consensus price target of $416.67.

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.

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