VIRGINIA RETIREMENT SYSTEMS ET Al Invests $2.53 Million in InterDigital, Inc. $IDCC

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of InterDigital, Inc. (NASDAQ:IDCC) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 8,950 shares of the Wireless communications provider’s stock, valued at approximately $2,534,000.

Several other institutional investors also recently bought and sold shares of the business. California State Teachers Retirement System raised its stake in InterDigital by 27,779.5% in the second quarter. California State Teachers Retirement System now owns 8,412,642 shares of the Wireless communications provider’s stock worth $2,381,871,000 after buying an additional 8,382,467 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in InterDigital by 62.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,222,111 shares of the Wireless communications provider’s stock valued at $707,477,000 after acquiring an additional 854,845 shares in the last quarter. Geode Capital Management LLC boosted its position in InterDigital by 18.6% during the 4th quarter. Geode Capital Management LLC now owns 787,546 shares of the Wireless communications provider’s stock valued at $251,250,000 after acquiring an additional 123,686 shares in the last quarter. Reinhart Partners LLC. increased its holdings in shares of InterDigital by 9.0% in the 2nd quarter. Reinhart Partners LLC. now owns 460,404 shares of the Wireless communications provider’s stock valued at $130,359,000 after acquiring an additional 38,115 shares during the period. Finally, Invesco Ltd. increased its holdings in shares of InterDigital by 24.8% in the 4th quarter. Invesco Ltd. now owns 450,863 shares of the Wireless communications provider’s stock valued at $143,546,000 after acquiring an additional 89,647 shares during the period. 99.83% of the stock is owned by hedge funds and other institutional investors.

More InterDigital News

Here are the key news stories impacting InterDigital this week:

• Positive Sentiment: Dividend raised 7.1%: InterDigital increased its quarterly cash dividend from $0.70 to $0.75 per share, equivalent to $3.00 annually and an approximately 0.9% yield. The dividend is payable October 28 to shareholders of record October 14. The increase signals confidence in cash generation and enhances shareholder returns. InterDigital Declares Increase in Quarterly Cash Dividend
• Positive Sentiment: Analyst sentiment remains favorable: Brokerages maintain an average “Buy” rating, with a reported average price target of $416.67. Ratings include one Strong Buy, three Buys and one Hold, suggesting analysts see further upside despite the stock’s elevated valuation.
• Positive Sentiment: Fundamentals offer support: InterDigital recently reported quarterly EPS of $4.62 versus the $0.90 consensus estimate and revenue of $260.17 million versus expectations of $143.10 million. Management’s fiscal 2026 EPS guidance is $10.85–$12.81, while the company has minimal debt and a 32.3% dividend payout ratio.
• Neutral Sentiment: Short-interest data is not meaningful: The report lists short interest at zero shares and a 0.0-day short-interest ratio, while also describing a “significant increase” and calculating an undefined percentage. The inconsistent figures provide no reliable indication of short-covering or bearish positioning.
• Negative Sentiment: CTO sold shares: Chief Technology Officer Rajesh Pankaj sold 1,500 shares for approximately $507,000 at an average price of $338. The transaction was made under a pre-arranged Rule 10b5-1 plan, which reduces its signaling value, but it adds to a broader pattern of insider selling and no reported insider purchases in the past six months. Rajesh Pankaj Sells 1,500 Shares of InterDigital Stock
• Negative Sentiment: Revenue trend remains weaker: Despite the earnings beat, quarterly revenue declined 13.4% year over year, and the stock trades at roughly 40 times earnings. This leaves IDCC more sensitive to any slowdown in licensing revenue or disappointment relative to its guidance.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on IDCC shares. Zacks Research raised InterDigital from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. Weiss Ratings downgraded shares of InterDigital from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, three have issued 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 price target of $416.67.

Insiders Place Their Bets

In other news, Director Joan Gillman sold 300 shares of the business’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $331.06, for a total transaction of $99,318.00. Following the sale, the director owned 22,736 shares in the company, valued at approximately $7,526,980.16. The trade was a 1.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John Markley, Jr. sold 400 shares of the company’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $300.00, for a total transaction of $120,000.00. Following the transaction, the director owned 11,735 shares in the company, valued at approximately $3,520,500. This trade represents a 3.30% 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. Over the last 90 days, insiders sold 5,200 shares of company stock valued at $1,642,638. 3.50% of the stock is currently owned by corporate insiders.

InterDigital Price Performance

NASDAQ IDCC opened at $346.44 on Friday. The firm’s fifty day simple moving average is $308.92 and its two-hundred day simple moving average is $310.67. The firm has a market capitalization of $8.94 billion, a P/E ratio of 39.96 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, Inc. has a 12-month low of $249.14 and a 12-month high of $412.60.

InterDigital (NASDAQ:IDCC) last issued its quarterly earnings data on Thursday, July 30th. The Wireless communications provider reported $4.62 EPS 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%.The business’s revenue for the quarter was down 13.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $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. Analysts forecast that InterDigital, Inc. will post 9.76 EPS for the current fiscal year.

InterDigital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 28th. Shareholders of record on Wednesday, October 14th will be issued a $0.75 dividend. This is a boost from InterDigital’s previous quarterly dividend of $0.70. This represents a $3.00 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, October 14th. InterDigital’s dividend payout ratio is 32.30%.

InterDigital Profile

InterDigital, Inc is a wireless technology research and development company that designs and develops advanced technologies used in mobile and other connected devices. Its work spans cellular communications, including 2G, 3G, 4G LTE and 5G, as well as wireless connectivity, video technologies and the Internet of Things.

The company primarily generates revenue by licensing its intellectual property to manufacturers of wireless products and other technology companies. Its portfolio includes patents and technical contributions related to wireless standards, network performance, spectrum efficiency, device connectivity and multimedia communications.