New York State Teachers Retirement System Has $8.59 Million Stock Holdings in InterDigital, Inc. $IDCC

New York State Teachers Retirement System decreased its holdings in shares of InterDigital, Inc. (NASDAQ:IDCC) by 9.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,443 shares of the Wireless communications provider’s stock after selling 3,045 shares during the quarter. New York State Teachers Retirement System owned about 0.11% of InterDigital worth $8,590,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD grew its position in 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 worth $707,477,000 after buying an additional 854,845 shares in the last quarter. Geode Capital Management LLC raised its holdings 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 acquiring an additional 123,686 shares in the last quarter. Invesco Ltd. lifted its position in shares of InterDigital by 24.8% in the 4th quarter. Invesco Ltd. now owns 450,863 shares of the Wireless communications provider’s stock worth $143,546,000 after acquiring an additional 89,647 shares during the period. Reinhart Partners LLC. grew its holdings in shares of InterDigital by 1.3% during the 4th quarter. Reinhart Partners LLC. now owns 417,639 shares of the Wireless communications provider’s stock worth $132,973,000 after purchasing an additional 5,293 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of InterDigital during the 4th quarter worth approximately $128,918,000. 99.83% of the stock is owned by institutional investors.

Insider Activity at InterDigital

In other news, CTO Rajesh Pankaj sold 1,500 shares of the business’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $290.00, for a total value of $435,000.00. Following the sale, the chief technology officer owned 69,476 shares of the company’s stock, valued at $20,148,040. The trade was a 2.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John D. Jr. Markley sold 400 shares of the stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $300.00, for a total transaction of $120,000.00. Following the transaction, the director owned 11,735 shares of the company’s stock, valued at $3,520,500. The trade was a 3.30% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 4,372 shares of company stock worth $1,225,159. 3.50% of the stock is currently owned by corporate insiders.

InterDigital Stock Down 2.1%

IDCC traded down $6.00 during trading on Tuesday, reaching $276.88. The company had a trading volume of 10,312 shares, compared to its average volume of 379,072. The company has a market cap of $7.15 billion, a P/E ratio of 25.99 and a beta of 1.42. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.88 and a quick ratio of 1.88. InterDigital, Inc. has a 12 month low of $213.06 and a 12 month high of $412.60. The business’s fifty day moving average price is $279.28 and its 200 day moving average price is $318.36.

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

InterDigital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 8th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, July 8th. This represents a $2.80 dividend on an annualized basis and a yield of 1.0%. InterDigital’s dividend payout ratio is 26.37%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Jefferies Financial Group restated a “buy” rating on shares of InterDigital in a research note on Wednesday, March 18th. Weiss Ratings lowered InterDigital from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, June 12th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, InterDigital has a consensus rating of “Moderate Buy” and an average price target 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.