Kingsview Wealth Management LLC Takes $887,000 Position in InterDigital, Inc. $IDCC

Kingsview Wealth Management LLC acquired a new stake in shares of InterDigital, Inc. (NASDAQ:IDCC) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,133 shares of the Wireless communications provider’s stock, valued at approximately $887,000.

A number of other hedge funds have also recently bought and sold shares of IDCC. NewEdge Advisors LLC lifted its stake in shares of InterDigital by 37.6% during the 1st quarter. NewEdge Advisors LLC now owns 3,911 shares of the Wireless communications provider’s stock worth $809,000 after purchasing an additional 1,069 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of InterDigital by 5.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 77,066 shares of the Wireless communications provider’s stock worth $15,933,000 after purchasing an additional 4,105 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of InterDigital by 85.8% in the second quarter. Russell Investments Group Ltd. now owns 6,407 shares of the Wireless communications provider’s stock valued at $1,437,000 after purchasing an additional 2,958 shares during the period. AXA S.A. grew its position in shares of InterDigital by 12.4% in the second quarter. AXA S.A. now owns 34,283 shares of the Wireless communications provider’s stock valued at $7,687,000 after purchasing an additional 3,788 shares during the period. Finally, Qube Research & Technologies Ltd increased its stake in InterDigital by 2.9% in the second quarter. Qube Research & Technologies Ltd now owns 127,983 shares of the Wireless communications provider’s stock valued at $28,698,000 after purchasing an additional 3,643 shares during the last quarter. Institutional investors and hedge funds own 99.83% of the company’s stock.

Key Stories Impacting InterDigital

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

Insiders Place Their Bets

In related news, Director Joan H. Gillman sold 300 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The stock was 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 of the company’s stock, valued at approximately $7,526,980.16. The trade was a 1.30% decrease in their position. The transaction was disclosed in a legal 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, CTO Rajesh Pankaj sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $324.88, for a total value of $487,320.00. Following the completion of the transaction, the chief technology officer owned 66,516 shares of the company’s stock, valued at approximately $21,609,718.08. This 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. In the last quarter, insiders have sold 7,672 shares of company stock valued at $2,240,797. Company insiders own 3.50% of the company’s stock.

InterDigital Stock Performance

Shares of IDCC stock opened at $335.15 on Monday. 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 company has a market cap of $8.65 billion, a PE ratio of 38.66 and a beta of 1.43. The company’s fifty day simple moving average is $298.94 and its 200-day simple moving average is $312.32. InterDigital, Inc. has a 52 week low of $249.14 and a 52 week high of $412.60.

InterDigital (NASDAQ:IDCC) last announced its quarterly earnings results on Thursday, July 30th. The Wireless communications provider reported $4.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $3.72. InterDigital had a net margin of 38.32% and a return on equity of 28.17%. The firm had revenue of $260.17 million during the quarter, compared to analysts’ expectations of $143.10 million. During the same period in the prior year, the company earned $6.52 EPS. The firm’s 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. As a group, equities research analysts anticipate that InterDigital, Inc. will post 9.76 EPS for the current year.

InterDigital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 8th were given a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, July 8th. This represents a $2.80 annualized dividend and a dividend yield of 0.8%. InterDigital’s dividend payout ratio is presently 32.30%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on IDCC. Weiss Ratings downgraded InterDigital from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Zacks Research raised InterDigital from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, InterDigital currently has a consensus rating of “Buy” and an average target price of $416.67.

About InterDigital

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.