3,502 Shares in InterDigital, Inc. $IDCC Acquired by Equitable Holdings Inc.

Equitable Holdings Inc. bought a new position in InterDigital, Inc. (NASDAQ:IDCC) during the 2nd quarter, Holdings Channel.com reports. The firm bought 3,502 shares of the Wireless communications provider’s stock, valued at approximately $992,000.

Several other hedge funds also recently made changes to their positions in IDCC. Kemnay Advisory Services Inc. bought a new stake in InterDigital during the 4th quarter valued at $26,000. Keating Financial Advisory Services Inc. purchased a new stake in InterDigital during the 2nd quarter valued at $25,000. Anchor Investment Management LLC bought a new stake in InterDigital in the 1st quarter worth $30,000. Leonteq Securities AG purchased a new position in shares of InterDigital in the fourth quarter valued at about $35,000. Finally, Hantz Financial Services Inc. increased 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 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: 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

Insider Activity

In other news, Director Derek K. Aberle sold 522 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $276.64, for a total value of $144,406.08. Following the sale, the director directly owned 7,620 shares of the company’s stock, valued at $2,107,996.80. This represents a 6.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Joan H. Gillman sold 300 shares of the 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 completion of the transaction, the director 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 ownership of the stock. 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 worth $2,240,797. 3.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently commented on IDCC. Weiss Ratings downgraded shares of InterDigital from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. Zacks Research raised InterDigital from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $416.67.

InterDigital Stock Up 0.1%

Shares of NASDAQ:IDCC opened at $335.15 on Friday. InterDigital, Inc. has a 52-week low of $249.14 and a 52-week high of $412.60. The firm has a market capitalization of $8.65 billion, a P/E ratio of 38.66 and a beta of 1.43. The stock has a 50 day moving average price of $298.94 and a 200-day moving average price of $312.77. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.74 and a current ratio of 1.74.

InterDigital (NASDAQ:IDCC) last released its quarterly earnings results on Thursday, July 30th. The Wireless communications provider reported $4.62 earnings per share for the quarter, beating the consensus estimate of $0.90 by $3.72. The company had revenue of $260.17 million for 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 firm’s revenue was down 13.4% on a year-over-year basis. During the same period in the previous year, the company posted $6.52 earnings per share. 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 fiscal year.

InterDigital Announces Dividend

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

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.