New Mexico Educational Retirement Board Takes $1.56 Million Position in InterDigital, Inc. $IDCC

New Mexico Educational Retirement Board purchased a new position in shares of InterDigital, Inc. (NASDAQ:IDCC) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 5,500 shares of the Wireless communications provider’s stock, valued at approximately $1,557,000.

A number of other large investors have also bought and sold shares of the stock. Keating Financial Advisory Services Inc. bought a new stake in InterDigital during the 2nd quarter valued at $25,000. Kemnay Advisory Services Inc. bought a new stake in InterDigital in the 4th quarter worth $26,000. 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.

Key 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 Buying and Selling at InterDigital

In other news, Director John D. Jr. Markley sold 400 shares of the stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $300.00, for a total value of $120,000.00. Following the completion of the transaction, the director owned 11,735 shares of the company’s stock, valued at approximately $3,520,500. This represents a 3.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Rajesh Pankaj sold 1,500 shares of InterDigital stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $324.88, for a total value of $487,320.00. Following the sale, the chief technology officer owned 66,516 shares in the company, valued at $21,609,718.08. This represents a 2.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. Insiders own 3.50% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on IDCC shares. Weiss Ratings lowered shares of InterDigital from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Zacks Research raised 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 issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $416.67.

InterDigital Price Performance

Shares of InterDigital stock opened at $335.15 on Monday. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.01. The company’s fifty day simple moving average is $298.94 and its two-hundred day simple moving average is $312.32. The company has a market cap of $8.65 billion, a P/E ratio of 38.66 and a beta of 1.43. InterDigital, Inc. has a 12-month low of $249.14 and a 12-month high of $412.60.

InterDigital (NASDAQ:IDCC) last posted its earnings results on Thursday, July 30th. The Wireless communications provider reported $4.62 EPS for the quarter, topping the consensus estimate of $0.90 by $3.72. InterDigital had a net margin of 38.32% and a return on equity of 28.17%. The firm had revenue of $260.17 million during the quarter, compared to analysts’ expectations of $143.10 million. During the same period last year, the company posted $6.52 EPS. The company’s quarterly revenue was down 13.4% compared to the same quarter last year. InterDigital has set its FY 2026 guidance at 10.850-12.810 EPS and its Q3 2026 guidance at 1.940-2.130 EPS. Research analysts anticipate that InterDigital, Inc. will post 9.76 EPS for the current year.

InterDigital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 8th were given a dividend of $0.70 per share. 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 presently 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.