Louisiana State Employees Retirement System Purchases New Holdings in InterDigital, Inc. $IDCC

Posted by Brenda Bartman on Jun 30th, 2026

Louisiana State Employees Retirement System acquired a new position in InterDigital, Inc. (NASDAQ:IDCC – Free Report) in the 1st quarter, Holdings Channel reports. The institutional investor acquired 7,400 shares of the Wireless communications provider’s stock, valued at approximately $2,235,000.

Other large investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its position in shares of InterDigital by 62.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,222,111 shares of the Wireless communications provider’s stock worth $707,477,000 after acquiring an additional 854,845 shares during the last quarter. Geode Capital Management LLC increased its position in InterDigital by 18.6% in the fourth quarter. Geode Capital Management LLC now owns 787,546 shares of the Wireless communications provider’s stock worth $251,250,000 after purchasing an additional 123,686 shares during the period. Invesco Ltd. increased its position in InterDigital by 24.8% in the fourth 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. Reinhart Partners LLC. raised its holdings in InterDigital by 1.3% during the 4th quarter. Reinhart Partners LLC. now owns 417,639 shares of the Wireless communications provider’s stock worth $132,973,000 after purchasing an additional 5,293 shares during the last quarter. Finally, Norges Bank acquired a new position in InterDigital during the 4th quarter valued at about $128,918,000. Institutional investors and hedge funds own 99.83% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on IDCC shares. Weiss Ratings downgraded shares of InterDigital from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, June 12th. Wall Street Zen raised shares of InterDigital from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of InterDigital in a report on Wednesday, March 18th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $416.67.

View Our Latest Analysis on IDCC

Insider Transactions at InterDigital

In other news, Director Derek K. Aberle sold 522 shares of the company’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 $144,406.08. Following the completion of the transaction, the director owned 7,620 shares in the company, valued at $2,107,996.80. This represents a 6.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Rajesh Pankaj sold 1,500 shares of the stock in a transaction on Monday, April 6th. The stock was sold at an average price of $313.30, for a total transaction of $469,950.00. Following the sale, the chief technology officer directly owned 72,449 shares of the company’s stock, valued at $22,698,271.70. This represents a 2.03% 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. In the last 90 days, insiders have sold 5,872 shares of company stock valued at $1,695,109. 3.50% of the stock is currently owned by insiders.

InterDigital Stock Up 0.4%

Shares of InterDigital stock opened at $277.07 on Tuesday. The company has a market capitalization of $7.16 billion, a P/E ratio of 26.09 and a beta of 1.43. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.88 and a quick ratio of 1.88. The business has a 50-day moving average of $288.11 and a two-hundred day moving average of $320.90. InterDigital, Inc. has a 1 year low of $213.06 and a 1 year high of $412.60.

InterDigital (NASDAQ:IDCC – Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The Wireless communications provider reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.54 by $0.03. InterDigital had a return on equity of 35.25% and a net margin of 44.20%.The business had revenue of $205.42 million for the quarter, compared to analysts’ expectations of $196.85 million. During the same quarter in the previous year, the business posted $3.45 EPS. InterDigital’s revenue for the quarter was down 2.4% on a year-over-year basis. InterDigital has set its Q2 2026 guidance at 1.410-1.600 EPS and its FY 2026 guidance at 8.740-11.840 EPS. As a group, equities analysts predict that InterDigital, Inc. will post 7.41 EPS for the current year.

InterDigital Dividend Announcement

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

InterDigital Profile

(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.