InterDigital, Inc. $IDCC Shares Bought by California Public Employees Retirement System

California Public Employees Retirement System lifted its holdings in InterDigital, Inc. (NASDAQ:IDCC) by 16.6% in the 1st quarter, HoldingsChannel reports. The firm owned 51,481 shares of the Wireless communications provider’s stock after purchasing an additional 7,332 shares during the quarter. California Public Employees Retirement System’s holdings in InterDigital were worth $15,547,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Price T Rowe Associates Inc. MD raised its stake in shares of InterDigital by 62.5% during the fourth 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 purchasing an additional 854,845 shares in the last quarter. Norges Bank bought a new position in InterDigital in the 4th quarter valued at about $128,918,000. Geode Capital Management LLC grew its position in InterDigital by 18.6% in 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 buying an additional 123,686 shares in the last quarter. M&T Bank Corp increased its stake in InterDigital by 14,563.6% during the 4th quarter. M&T Bank Corp now owns 109,244 shares of the Wireless communications provider’s stock valued at $34,781,000 after buying an additional 108,499 shares during the period. Finally, Invesco Ltd. increased its stake in InterDigital by 24.8% during the 4th quarter. Invesco Ltd. now owns 450,863 shares of the Wireless communications provider’s stock valued at $143,546,000 after buying an additional 89,647 shares during the period. 99.83% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded shares of InterDigital from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, June 12th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $416.67.

Insider Transactions at InterDigital

In other InterDigital news, Director John A. Kritzmacher sold 365 shares of the company’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $276.64, for a total value of $100,973.60. Following the transaction, the director owned 16,359 shares of the company’s stock, valued at approximately $4,525,553.76. This represents a 2.18% decrease in their ownership of the stock. The transaction was disclosed in a 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 Derek K. Aberle sold 522 shares of the stock in a transaction on 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 owned 7,620 shares of the company’s stock, valued at $2,107,996.80. This trade represents a 6.41% 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. Insiders have sold a total of 5,872 shares of company stock valued at $1,654,159 in the last 90 days. 3.50% of the stock is owned by corporate insiders.

InterDigital Trading Down 1.2%

Shares of IDCC stock opened at $256.06 on Friday. The stock has a 50-day simple moving average of $269.28 and a 200 day simple moving average of $312.64. The stock has a market capitalization of $6.62 billion, a P/E ratio of 24.11 and a beta of 1.42. InterDigital, Inc. has a fifty-two week low of $213.06 and a fifty-two week high of $412.60. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.01.

InterDigital (NASDAQ:IDCC) last issued its quarterly earnings results on Thursday, April 30th. The Wireless communications provider reported $2.57 EPS for the quarter, topping the consensus estimate of $2.54 by $0.03. InterDigital had a net margin of 44.20% and a return on equity of 35.25%. The firm had revenue of $205.42 million for the quarter, compared to analysts’ expectations of $196.85 million. During the same period in the previous year, the business earned $3.45 earnings per share. InterDigital’s revenue for the quarter was down 2.4% compared to the same quarter last year. InterDigital has set its Q2 2026 guidance at 1.410-1.600 EPS and its FY 2026 guidance at 8.740-11.840 EPS. On average, sell-side analysts expect that InterDigital, Inc. will post 7.41 earnings per share for the current fiscal year.

InterDigital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 8th were given a $0.70 dividend. The ex-dividend date was Wednesday, July 8th. This represents a $2.80 annualized dividend and a yield of 1.1%. InterDigital’s payout ratio is 26.37%.

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.