64,149 Shares in InterDigital, Inc. $IDCC Purchased by Summit Street Capital Management LLC

Posted by Francis Steltz on Aug 27th, 2026

Summit Street Capital Management LLC acquired a new stake in shares of InterDigital, Inc. (NASDAQ:IDCC – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 64,149 shares of the Wireless communications provider’s stock, valued at approximately $18,163,000. InterDigital accounts for about 2.5% of Summit Street Capital Management LLC’s investment portfolio, making the stock its 22nd largest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IDCC. Kemnay Advisory Services Inc. bought a new position in shares of InterDigital during the 4th quarter valued at approximately $26,000. Keating Financial Advisory Services Inc. purchased a new stake in InterDigital in the 2nd quarter valued at about $25,000. Anchor Investment Management LLC purchased a new position in InterDigital during the 1st quarter worth $30,000. Leonteq Securities AG purchased a new position in shares of InterDigital during the fourth quarter valued at $35,000. Finally, Hantz Financial Services Inc. increased its position in InterDigital by 219.0% during the 4th quarter. Hantz Financial Services Inc. now owns 134 shares of the Wireless communications provider’s stock valued at $43,000 after purchasing an additional 92 shares during the period. 99.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

IDCC has been the subject of several analyst reports. Zacks Research raised shares of InterDigital from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. Weiss Ratings cut shares of InterDigital from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $416.67.

Get Our Latest Analysis on InterDigital

InterDigital Trading Down 0.4%

Shares of NASDAQ:IDCC opened at $344.32 on Thursday. The business has a 50 day moving average of $297.39 and a two-hundred day moving average of $312.87. InterDigital, Inc. has a 12-month low of $249.14 and a 12-month high of $412.60. The company has a market capitalization of $8.89 billion, a PE ratio of 39.71 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.

InterDigital (NASDAQ:IDCC – Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The Wireless communications provider reported $4.62 earnings per share for the quarter, beating the consensus estimate of $0.90 by $3.72. The firm had revenue of $260.17 million during the quarter, compared to analyst estimates of $143.10 million. InterDigital had a return on equity of 28.17% and a net margin of 38.32%.InterDigital’s revenue for the quarter was down 13.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $6.52 EPS. InterDigital has set its FY 2026 guidance at 10.850-12.810 EPS and its Q3 2026 guidance at 1.940-2.130 EPS. As a group, analysts forecast that InterDigital, Inc. will post 10.22 EPS for the current year.

InterDigital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 8th were issued a $0.70 dividend. The ex-dividend date was Wednesday, July 8th. This represents a $2.80 dividend on an annualized basis and a yield of 0.8%. InterDigital’s dividend payout ratio (DPR) is presently 32.30%.

Insider Activity at InterDigital

In related news, CTO Rajesh Pankaj sold 1,500 shares of InterDigital stock in a transaction that occurred 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 transaction, the chief technology officer owned 66,516 shares in the company, valued at approximately $21,609,718.08. This trade represents a 2.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Joan H. Gillman sold 300 shares of the business’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $331.06, for a total transaction of $99,318.00. Following the transaction, the director directly owned 22,736 shares in the company, valued at approximately $7,526,980.16. The trade was a 1.30% 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 a total of 7,672 shares of company stock worth $2,240,797 over the last 90 days. Corporate insiders own 3.50% of the company’s stock.

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.