Sanctuary Advisors LLC bought a new position in InterDigital, Inc. (NASDAQ:IDCC – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,512 shares of the Wireless communications provider’s stock, valued at approximately $428,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of IDCC. Neumeier Poma Investment Counsel LLC acquired a new position in InterDigital during the second quarter worth approximately $42,350,302. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of InterDigital during the 2nd quarter valued at $449,000. Evolve Private Wealth LLC purchased a new stake in shares of InterDigital during the 2nd quarter valued at $1,261,000. Farringdon Capital Ltd. acquired a new stake in shares of InterDigital during the 2nd quarter worth $210,000. Finally, Emerald Investment Advisers LLC acquired a new stake in shares of InterDigital during the 2nd quarter worth $6,829,000. Institutional investors and hedge funds own 99.83% of the company’s stock.
Insider Buying and Selling
In related news, Director Joan H. Gillman sold 300 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $331.06, for a total transaction of $99,318.00. Following the completion of the sale, the director directly owned 22,736 shares of the company’s stock, valued at approximately $7,526,980.16. This trade represents a 1.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 sale, the chief technology officer directly owned 66,516 shares in the company, valued at $21,609,718.08. This trade represents a 2.21% 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 have sold 7,672 shares of company stock valued at $2,240,797 over the last three months. Company insiders own 3.50% of the company’s stock.
Analyst Upgrades and Downgrades
Read Our Latest Analysis on InterDigital
InterDigital Price Performance
Shares of NASDAQ IDCC opened at $335.15 on Monday. InterDigital, Inc. has a 12-month low of $249.14 and a 12-month high of $412.60. The company has a market cap of $8.65 billion, a P/E ratio of 38.66 and a beta of 1.43. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.01. The stock has a fifty day moving average price of $298.94 and a 200 day moving average price of $312.32.
InterDigital (NASDAQ:IDCC – Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The Wireless communications provider reported $4.62 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $3.72. InterDigital had a return on equity of 28.17% and a net margin of 38.32%.The company had revenue of $260.17 million for the quarter, compared to analysts’ expectations of $143.10 million. During the same quarter in the previous year, the firm posted $6.52 earnings per share. The firm’s quarterly revenue 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. Research analysts anticipate that InterDigital, Inc. will post 9.76 EPS for the current fiscal year.
InterDigital Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 8th were issued a $0.70 dividend. 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 dividend payout ratio is currently 32.30%.
Key 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
InterDigital Company 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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