Shannon River Fund Management LLC Has $61.70 Million Stake in InterDigital, Inc. $IDCC

Shannon River Fund Management LLC lessened its holdings in shares of InterDigital, Inc. (NASDAQ:IDCC) by 24.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 178,720 shares of the Wireless communications provider’s stock after selling 57,851 shares during the quarter. InterDigital makes up approximately 9.9% of Shannon River Fund Management LLC’s investment portfolio, making the stock its 3rd largest position. Shannon River Fund Management LLC’s holdings in InterDigital were worth $61,700,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Wedge Capital Management L L P NC acquired a new stake in shares of InterDigital during the third quarter worth $67,282,000. Prudential Financial Inc. increased its position in InterDigital by 7.4% during the second quarter. Prudential Financial Inc. now owns 26,993 shares of the Wireless communications provider’s stock worth $6,053,000 after acquiring an additional 1,863 shares during the period. Vontobel Holding Ltd. raised its stake in InterDigital by 144.3% in the 3rd quarter. Vontobel Holding Ltd. now owns 12,043 shares of the Wireless communications provider’s stock worth $4,158,000 after purchasing an additional 7,113 shares in the last quarter. Empowered Funds LLC raised its stake in InterDigital by 303.1% in the 2nd quarter. Empowered Funds LLC now owns 143,406 shares of the Wireless communications provider’s stock worth $32,156,000 after purchasing an additional 107,828 shares in the last quarter. Finally, Empirical Asset Management LLC bought a new stake in InterDigital in the 3rd quarter valued at about $1,076,000. 99.83% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently weighed in on IDCC. UBS Group set a $425.00 price target on shares of InterDigital in a research report on Monday, December 1st. Zacks Research cut InterDigital from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. Wall Street Zen upgraded InterDigital from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Weiss Ratings cut InterDigital from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday, December 29th. Finally, Roth Mkm reaffirmed a “buy” rating on shares of InterDigital in a research note on Tuesday, January 20th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, InterDigital has an average rating of “Moderate Buy” and a consensus target price of $416.67.

Insider Activity

In related news, Director John D. Jr. Markley sold 700 shares of InterDigital stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $374.95, for a total transaction of $262,465.00. Following the sale, the director directly owned 11,223 shares in the company, valued at $4,208,063.85. This trade represents a 5.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Richard Brezski sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $352.24, for a total transaction of $704,480.00. Following the completion of the transaction, the chief financial officer owned 70,404 shares of the company’s stock, valued at approximately $24,799,104.96. This trade represents a 2.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 44,054 shares of company stock valued at $14,688,067. 2.80% of the stock is currently owned by company insiders.

InterDigital News Roundup

Here are the key news stories impacting InterDigital this week:

• Positive Sentiment: InterDigital will showcase its “Optimized Energy Aware Streaming” (AI-driven Pixel Value Reduction) at DVB World 2026 and highlights newly won DVB leadership roles — a credibility and standards win that can help position the company in energy-efficient video markets and support licensing opportunities. InterDigital to Showcase Breakthrough in Energy-Efficient Video Streaming at DVB World
• Neutral Sentiment: Institutional ownership moves are mixed — Price T. Rowe materially increased its stake while many other large managers trimmed positions. That combination can produce short-term volume and volatility but is ambiguous for direction. InterDigital, Inc. Showcases Energy-Efficient Video Streaming Innovations at DVB World 2026 (Quiver)
• Negative Sentiment: Zacks Research reduced multiple near‑ and medium‑term EPS forecasts and maintains a “Hold” rating — cuts to Q2/Q4 estimates and FY2026–FY2028 projections can pressure sentiment and prompt re‑rating by quantitative models. Zacks Research Expects Reduced Earnings for InterDigital
• Negative Sentiment: Extensive insider selling over the past six months (73 open-market sales, 0 purchases — including large CEO and CFO sales) is a near-term negative for market sentiment and may amplify downward moves if investors view it as lack of insider confidence. InterDigital, Inc. Showcases Energy-Efficient Video Streaming Innovations at DVB World 2026 (Quiver)

InterDigital Stock Performance

NASDAQ IDCC opened at $368.31 on Thursday. The firm’s fifty day moving average price is $342.94 and its two-hundred day moving average price is $341.56. The stock has a market cap of $9.46 billion, a PE ratio of 30.87 and a beta of 1.57. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.84 and a current ratio of 1.84. InterDigital, Inc. has a fifty-two week low of $180.60 and a fifty-two week high of $412.60.

InterDigital (NASDAQ:IDCC) last released its quarterly earnings data on Thursday, February 5th. The Wireless communications provider reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.47. The company had revenue of $158.23 million for the quarter, compared to the consensus estimate of $155.57 million. InterDigital had a return on equity of 41.09% and a net margin of 48.76%.InterDigital’s revenue for the quarter was down 37.4% on a year-over-year basis. During the same quarter last year, the business posted $5.15 EPS. InterDigital has set its Q1 2026 guidance at 2.390-2.680 EPS. On average, equities analysts expect that InterDigital, Inc. will post 9.21 EPS for the current fiscal year.

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.