InterDigital, Inc. $IDCC Shares Purchased by Royal Bank of Canada

Royal Bank of Canada lifted its stake in shares of InterDigital, Inc. (NASDAQ:IDCC) by 375.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 199,655 shares of the Wireless communications provider’s stock after purchasing an additional 157,687 shares during the quarter. Royal Bank of Canada’s holdings in InterDigital were worth $60,297,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Kemnay Advisory Services Inc. purchased a new position in shares of InterDigital during the 4th quarter worth approximately $26,000. Anchor Investment Management LLC acquired a new position in shares of InterDigital during the 1st quarter worth $30,000. Leonteq Securities AG purchased a new stake in shares of InterDigital in the fourth quarter valued at about $35,000. Financial Consulate Inc. purchased a new stake in InterDigital in the 4th quarter valued at approximately $41,000. Finally, Hantz Financial Services Inc. lifted its position in shares of InterDigital by 219.0% in the fourth quarter. Hantz Financial Services Inc. now owns 134 shares of the Wireless communications provider’s stock valued at $43,000 after acquiring an additional 92 shares in the last quarter. Institutional investors and hedge funds own 99.83% of the company’s stock.

Insiders Place Their Bets

In related news, CTO Rajesh Pankaj sold 1,500 shares of the stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $286.00, for a total value of $429,000.00. Following the completion of the transaction, the chief technology officer directly owned 67,976 shares of the company’s stock, valued at $19,441,136. This represents a 2.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is available 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 stock in a transaction on Friday, June 12th. The stock was sold at an average price of $276.64, for a total value of $130,020.80. Following the completion of the transaction, the director directly owned 4,608 shares of the company’s stock, valued at approximately $1,274,757.12. The trade was a 9.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 5,872 shares of company stock worth $1,654,159. 3.50% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on IDCC shares. Zacks Research upgraded shares of InterDigital from a “hold” rating to a “strong-buy” rating in a research report on Thursday. Weiss Ratings downgraded shares of InterDigital from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, June 12th. One research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $416.67.

Key Stories Impacting InterDigital

Here are the key news stories impacting InterDigital this week:

• Positive Sentiment: Q2 results significantly exceeded expectations: InterDigital reported adjusted earnings of $4.62 per share versus the $0.90 consensus estimate, while revenue of $260.2 million also surpassed forecasts. Results benefited from $103.7 million in catch-up revenue and the company’s first Streaming and Cloud Services agreement. InterDigital Announces Financial Results for Second Quarter 2026
• Positive Sentiment: Management raised its 2026 outlook: Full-year revenue guidance increased to $775 million–$845 million, above the roughly $701 million analyst consensus. Full-year EPS guidance of $10.85–$12.81 is also above expectations, supporting the bullish reaction. Third-quarter revenue guidance of $154 million–$158 million is broadly in line with estimates. Is IDCC Stock a Buy After Strong Earnings and Higher Revenue Guidance?
• Positive Sentiment: Recurring and non-smartphone licensing are gaining traction: Annualized recurring revenue reached a record $625.7 million, up 13% year over year. InterDigital is pursuing royalty opportunities in streaming, cloud services, artificial intelligence, IoT, automotive and other connected technologies, potentially diversifying future growth. InterDigital Is Riding AI, Streaming and IoT Licensing Growth Trends
• Neutral Sentiment: Growth remains uneven: Second-quarter revenue declined 13.4% year over year, and smartphone licensing revenue and earnings were lower than in the prior-year period. The Amazon agreement covers services and devices including Prime Video, but final terms are subject to binding arbitration.
• Negative Sentiment: Valuation and trading risks remain: Commentary has flagged IDCC as potentially overbought, while reported insider activity shows 43 sales and no purchases over the past six months. Investors also face legal and licensing-timing uncertainty despite the improved outlook. Top 3 Tech Stocks That Are Ticking Portfolio Bombs

InterDigital Stock Up 0.5%

Shares of NASDAQ IDCC opened at $304.83 on Friday. The stock’s 50-day simple moving average is $270.56 and its 200-day simple moving average is $311.00. InterDigital, Inc. has a 1 year low of $247.66 and a 1 year high of $412.60. The firm has a market cap of $7.88 billion, a price-to-earnings ratio of 35.16 and a beta of 1.42. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.88 and a current ratio of 1.74.

InterDigital (NASDAQ:IDCC) last released its earnings results 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 company had revenue of $260.17 million during the quarter, compared to analysts’ expectations of $143.10 million. InterDigital had a return on equity of 28.17% and a net margin of 38.32%.The business’s revenue was down 13.4% on a year-over-year basis. During the same period 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. As a group, equities analysts anticipate that InterDigital, Inc. will post 7.41 earnings per share for the current fiscal year.

InterDigital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 22nd. Investors of record on Wednesday, July 8th were paid a dividend of $0.70 per share. The ex-dividend date was Wednesday, July 8th. This represents a $2.80 annualized dividend and a yield of 0.9%. InterDigital’s dividend payout ratio is 32.30%.

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.