The Manufacturers Life Insurance Company Invests $6.88 Million in InterDigital, Inc. $IDCC

The Manufacturers Life Insurance Company acquired a new stake in InterDigital, Inc. (NASDAQ:IDCC) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 24,297 shares of the Wireless communications provider’s stock, valued at approximately $6,879,000. The Manufacturers Life Insurance Company owned about 0.09% of InterDigital at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Keating Financial Advisory Services Inc. bought a new position in InterDigital during the second quarter worth about $25,000. Kemnay Advisory Services Inc. bought a new stake in shares of InterDigital in the 4th quarter valued at about $26,000. Anchor Investment Management LLC acquired a new stake in shares of InterDigital in the 1st quarter valued at approximately $30,000. Leonteq Securities AG acquired a new stake in shares of InterDigital in the 4th quarter valued at approximately $35,000. Finally, Hantz Financial Services Inc. boosted its stake in InterDigital by 219.0% during the 4th quarter. Hantz Financial Services Inc. now owns 134 shares of the Wireless communications provider’s stock worth $43,000 after acquiring an additional 92 shares during the last quarter. Institutional investors and hedge funds own 99.83% of the company’s stock.

Insider Transactions at InterDigital

In other news, Director Derek K. Aberle sold 522 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was 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 in the company, valued at $2,107,996.80. The trade was a 6.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John A. Kritzmacher sold 365 shares of the company’s stock in a transaction dated 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 directly owned 16,359 shares of the company’s stock, valued at $4,525,553.76. This represents a 2.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 7,672 shares of company stock worth $2,240,797. Company insiders own 3.50% of the company’s stock.

InterDigital Price Performance

NASDAQ IDCC opened at $335.15 on Monday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.74 and a current ratio of 1.74. The stock has a market cap of $8.65 billion, a price-to-earnings ratio of 38.66 and a beta of 1.43. The business has a 50 day simple moving average of $298.94 and a 200 day simple moving average of $312.32. InterDigital, Inc. has a 52-week low of $249.14 and a 52-week high of $412.60.

InterDigital (NASDAQ:IDCC) last announced its quarterly earnings results on Thursday, July 30th. The Wireless communications provider reported $4.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $3.72. The firm had revenue of $260.17 million for the quarter, compared to analyst estimates of $143.10 million. InterDigital had a net margin of 38.32% and a return on equity of 28.17%. The business’s revenue was down 13.4% on a year-over-year basis. During the same quarter in the previous year, the firm 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. Analysts anticipate that InterDigital, Inc. will post 9.76 earnings per share for the current fiscal year.

InterDigital Announces Dividend

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

Key Headlines 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

Wall Street Analyst Weigh In

IDCC has been the subject of a number of analyst reports. Weiss Ratings cut shares of InterDigital from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Zacks Research raised shares of InterDigital from a “hold” rating to a “strong-buy” rating in a research report 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 assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average 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.