24,297 Shares in InterDigital, Inc. $IDCC Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company bought a new stake in InterDigital, Inc. (NASDAQ:IDCC) in the second quarter, HoldingsChannel reports. The fund bought 24,297 shares of the Wireless communications provider’s stock, valued at approximately $6,879,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IDCC. Price T Rowe Associates Inc. MD boosted its stake in shares of 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 worth $707,477,000 after buying an additional 854,845 shares during the last quarter. Norges Bank acquired a new stake in shares of InterDigital in the fourth quarter valued at about $128,918,000. Royal Bank of Canada raised its holdings in InterDigital by 375.7% during the first quarter. Royal Bank of Canada now owns 199,655 shares of the Wireless communications provider’s stock worth $60,297,000 after acquiring an additional 157,687 shares in the last quarter. Neumeier Poma Investment Counsel LLC acquired a new position in InterDigital during the second quarter valued at approximately $42,350,302. Finally, Arrowstreet Capital Limited Partnership grew its stake in InterDigital by 135.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 219,388 shares of the Wireless communications provider’s stock valued at $66,255,000 after purchasing an additional 126,328 shares in the last quarter. 99.83% of the stock is owned by institutional investors.

Insider Transactions at InterDigital

In related news, Director Samir Armaly sold 470 shares of InterDigital stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $276.64, for a total transaction of $130,020.80. Following the completion of the sale, the director 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. The sale was disclosed in a 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 dated Wednesday, August 5th. The shares were sold at an average price of $324.88, for a total transaction of $487,320.00. Following the completion of 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 position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 7,672 shares of company stock valued at $2,240,797. Corporate insiders own 3.50% 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

InterDigital Price Performance

Shares of NASDAQ IDCC opened at $335.15 on Monday. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.01. The business’s 50 day moving average price is $298.94 and its two-hundred day moving average price is $312.32. The company has a market cap of $8.65 billion, a PE ratio of 38.66 and a beta of 1.43. InterDigital, Inc. has a twelve month low of $249.14 and a twelve month high of $412.60.

InterDigital (NASDAQ:IDCC) last issued its earnings results on Thursday, July 30th. The Wireless communications provider reported $4.62 EPS for the quarter, topping the consensus estimate of $0.90 by $3.72. The company had revenue of $260.17 million during the quarter, compared to the consensus estimate of $143.10 million. InterDigital had a return on equity of 28.17% and a net margin of 38.32%.The firm’s revenue for the quarter was down 13.4% compared to the same quarter last year. During the same period in the previous year, the company 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. On average, analysts predict that InterDigital, Inc. will post 9.76 EPS for the current year.

InterDigital Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Zacks Research raised InterDigital from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. Weiss Ratings downgraded 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 given a Hold rating to the stock. According to data from MarketBeat, InterDigital currently has an average rating of “Buy” and a consensus target price of $416.67.

InterDigital 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.