Public Sector Pension Investment Board Increases Stock Holdings in InterDigital, Inc. $IDCC

Public Sector Pension Investment Board lifted its position in shares of InterDigital, Inc. (NASDAQ:IDCC) by 32.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 130,488 shares of the Wireless communications provider’s stock after buying an additional 31,898 shares during the quarter. Public Sector Pension Investment Board owned approximately 0.51% of InterDigital worth $45,048,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in IDCC. Geode Capital Management LLC raised its position in InterDigital by 1.9% during the second quarter. Geode Capital Management LLC now owns 658,877 shares of the Wireless communications provider’s stock worth $148,103,000 after acquiring an additional 12,223 shares during the last quarter. Reinhart Partners LLC. increased its stake in shares of InterDigital by 0.7% during the 3rd quarter. Reinhart Partners LLC. now owns 412,346 shares of the Wireless communications provider’s stock worth $142,360,000 after purchasing an additional 3,030 shares in the last quarter. Congress Asset Management Co. raised its position in shares of InterDigital by 2.7% during the 3rd quarter. Congress Asset Management Co. now owns 353,017 shares of the Wireless communications provider’s stock worth $121,872,000 after purchasing an additional 9,265 shares during the last quarter. Norges Bank purchased a new stake in InterDigital in the 2nd quarter valued at approximately $71,200,000. Finally, Ameriprise Financial Inc. lifted its stake in InterDigital by 36.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 309,663 shares of the Wireless communications provider’s stock valued at $69,433,000 after buying an additional 83,221 shares in the last quarter. 99.83% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

IDCC has been the subject of several recent research reports. Zacks Research downgraded InterDigital from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 21st. Jefferies Financial Group set a $475.00 price objective on InterDigital and gave the stock a “buy” rating in a research report on Thursday, October 30th. Roth Mkm restated a “buy” rating on shares of InterDigital in a report on Tuesday, January 20th. Weiss Ratings lowered shares of InterDigital from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday, December 29th. Finally, UBS Group set a $425.00 price objective on shares of InterDigital in a research note on Monday, December 1st. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $416.67.

InterDigital News Roundup

Here are the key news stories impacting InterDigital this week:

• Positive Sentiment: Atle Monrad, InterDigital’s senior standards executive, was re-elected Chair of 3GPP SA6 (service architecture & procedures), reinforcing the company’s influence in wireless standards — a reputational and strategic positive for long-term licensing and partnership positioning. Article Title
• Neutral Sentiment: Short-interest reports for Feb. 11–12 show 0 shares / NaN change and a days-to-cover of 0.0, which appears to be a reporting anomaly (no evidence of increased short pressure). That limits the likelihood that short sellers are driving today’s move.
• Negative Sentiment: Chief Financial Officer Richard Brezski filed insider sales totaling 8,005 shares across Feb. 10–11 (reported at average prices near $360.80 and $352.24), representing a multi-percent reduction in his stake and proceeds of roughly $2.87M; the aggregated Form 4 is here. SEC Filing
• Negative Sentiment: Director John D. Jr. Markley sold 700 shares on Feb. 10 at about $374.95 (~$262k), trimming his holding by ~5.9%; SEC filing here. SEC Filing
• Negative Sentiment: Director Joan H. Gillman sold 325 shares on Feb. 11 at about $352.24 (~$114k), a modest reduction in her position; SEC filing here. SEC Filing

InterDigital Trading Down 1.9%

NASDAQ IDCC opened at $356.83 on Friday. The firm has a market capitalization of $9.17 billion, a price-to-earnings ratio of 29.91 and a beta of 1.58. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.84 and a current ratio of 1.84. InterDigital, Inc. has a one year low of $180.60 and a one year high of $412.60. The company’s 50 day moving average price is $332.73 and its 200 day moving average price is $327.02.

InterDigital (NASDAQ:IDCC) last released its quarterly earnings data on Thursday, February 5th. The Wireless communications provider reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.47. InterDigital had a net margin of 48.76% and a return on equity of 41.09%. The company had revenue of $158.23 million during the quarter, compared to the consensus estimate of $155.57 million. During the same period in the previous year, the firm earned $5.15 earnings per share. InterDigital’s revenue for the quarter was down 37.4% on a year-over-year basis. InterDigital has set its Q1 2026 guidance at 2.390-2.680 EPS. On average, sell-side analysts predict that InterDigital, Inc. will post 9.21 EPS for the current year.

InterDigital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 28th. Investors of record on Wednesday, January 14th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 0.8%. The ex-dividend date was Wednesday, January 14th. InterDigital’s dividend payout ratio is currently 23.47%.

Insider Buying and Selling at InterDigital

In related news, CEO Lawrence Liren Chen sold 5,958 shares of the firm’s stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $327.62, for a total transaction of $1,951,959.96. Following the sale, the chief executive officer directly owned 153,077 shares in the company, valued at approximately $50,151,086.74. This trade represents a 3.75% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John A. Kritzmacher sold 1,250 shares of the business’s stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of $331.00, for a total value of $413,750.00. Following the transaction, the director directly owned 15,815 shares in the company, valued at $5,234,765. This trade represents a 7.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 45,087 shares of company stock valued at $15,029,098 over the last three months. 2.80% of the stock is owned by company insiders.

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.