Sierra Summit Advisors LLC Makes New Investment in InterDigital, Inc. $IDCC

Posted by Brian Himes on Jul 4th, 2026

Sierra Summit Advisors LLC purchased a new position in shares of InterDigital, Inc. (NASDAQ:IDCC – Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,570 shares of the Wireless communications provider’s stock, valued at approximately $776,000.

A number of other hedge funds also recently added to or reduced their stakes in IDCC. Pictet Asset Management Holding SA lifted its position 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 purchasing an additional 10,515 shares during the period. Principal Financial Group Inc. lifted 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 buying an additional 6,494 shares during the period. PFA Pension Forsikringsaktieselskab bought a new stake in InterDigital during the 4th quarter valued at $1,852,000. Inceptionr LLC bought a new position in InterDigital in the third quarter worth about $1,101,000. Finally, Bernardo Wealth Planning LLC bought a new position in shares of InterDigital during the 4th quarter worth approximately $1,230,000. 99.83% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at InterDigital

In other InterDigital news, Director Derek K. Aberle sold 522 shares of the business’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $276.64, for a total transaction of $144,406.08. Following the transaction, the director owned 7,620 shares of the company’s stock, valued at approximately $2,107,996.80. The trade was a 6.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Samir Armaly sold 470 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $276.64, for a total transaction of $130,020.80. Following the transaction, the director directly owned 4,608 shares in the company, valued at approximately $1,274,757.12. The trade was a 9.26% 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. In the last quarter, insiders sold 5,872 shares of company stock valued at $1,695,109. Company insiders own 3.50% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Read Our Latest Report on IDCC

InterDigital Price Performance

InterDigital stock opened at $281.40 on Friday. 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 simple moving average of $280.81 and a 200-day simple moving average of $319.04. The stock has a market capitalization of $7.27 billion, a PE ratio of 26.50 and a beta of 1.42. InterDigital, Inc. has a 12 month low of $213.06 and a 12 month high of $412.60.

InterDigital (NASDAQ:IDCC – Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.54 by $0.03. The business had revenue of $205.42 million for the quarter, compared to the consensus estimate of $196.85 million. InterDigital had a net margin of 44.20% and a return on equity of 35.25%. The company’s revenue was down 2.4% compared to the same quarter last year. During the same period last year, the firm posted $3.45 earnings per share. 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, analysts anticipate that InterDigital, Inc. will post 7.41 EPS for the current fiscal year.

InterDigital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 8th will be issued a $0.70 dividend. The ex-dividend date is Wednesday, July 8th. This represents a $2.80 dividend on an annualized basis and a yield of 1.0%. InterDigital’s dividend payout ratio (DPR) 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.