VIRGINIA RETIREMENT SYSTEMS ET Al Invests $2.53 Million in InterDigital, Inc. $IDCC

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of InterDigital, Inc. (NASDAQ:IDCC) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 8,950 shares of the Wireless communications provider’s stock, valued at approximately $2,534,000.

Other institutional investors also recently bought and sold shares of the company. Reinhart Partners LLC. increased its position in InterDigital by 9.0% during the second quarter. Reinhart Partners LLC. now owns 460,404 shares of the Wireless communications provider’s stock valued at $130,359,000 after acquiring an additional 38,115 shares during the last quarter. NewEdge Wealth LLC lifted its holdings in shares of InterDigital by 68.4% in the 1st quarter. NewEdge Wealth LLC now owns 13,783 shares of the Wireless communications provider’s stock worth $4,163,000 after acquiring an additional 5,599 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of InterDigital by 104.7% during the 1st quarter. Renaissance Technologies LLC now owns 66,098 shares of the Wireless communications provider’s stock worth $19,962,000 after purchasing an additional 33,800 shares during the period. Intech Investment Management LLC boosted its stake in shares of InterDigital by 39.9% during the 4th quarter. Intech Investment Management LLC now owns 25,678 shares of the Wireless communications provider’s stock worth $8,175,000 after purchasing an additional 7,319 shares during the period. Finally, Bessemer Group Inc. grew its holdings in InterDigital by 10.2% during the 4th quarter. Bessemer Group Inc. now owns 138,411 shares of the Wireless communications provider’s stock valued at $44,066,000 after purchasing an additional 12,767 shares during the last quarter. 99.83% of the stock is currently owned by institutional investors.

Insider Activity at InterDigital

In other InterDigital news, Director John D. Jr. Markley sold 400 shares of InterDigital 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 completion of the sale, the director directly 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Joan H. Gillman sold 300 shares of the company’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $331.06, for a total value of $99,318.00. Following the completion of the sale, the director owned 22,736 shares of the company’s stock, valued at $7,526,980.16. This represents a 1.30% decrease in their ownership of the stock. 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 quarter, insiders sold 5,200 shares of company stock worth $1,642,638. Company insiders own 3.50% of the company’s stock.

Key InterDigital News

Here are the key news stories impacting InterDigital this week:

• Positive Sentiment: Dividend raised 7.1%: InterDigital increased its quarterly cash dividend from $0.70 to $0.75 per share, equivalent to $3.00 annually and an approximately 0.9% yield. The dividend is payable October 28 to shareholders of record October 14. The increase signals confidence in cash generation and enhances shareholder returns. InterDigital Declares Increase in Quarterly Cash Dividend
• Positive Sentiment: Analyst sentiment remains favorable: Brokerages maintain an average “Buy” rating, with a reported average price target of $416.67. Ratings include one Strong Buy, three Buys and one Hold, suggesting analysts see further upside despite the stock’s elevated valuation.
• Positive Sentiment: Fundamentals offer support: InterDigital recently reported quarterly EPS of $4.62 versus the $0.90 consensus estimate and revenue of $260.17 million versus expectations of $143.10 million. Management’s fiscal 2026 EPS guidance is $10.85–$12.81, while the company has minimal debt and a 32.3% dividend payout ratio.
• Neutral Sentiment: Short-interest data is not meaningful: The report lists short interest at zero shares and a 0.0-day short-interest ratio, while also describing a “significant increase” and calculating an undefined percentage. The inconsistent figures provide no reliable indication of short-covering or bearish positioning.
• Negative Sentiment: CTO sold shares: Chief Technology Officer Rajesh Pankaj sold 1,500 shares for approximately $507,000 at an average price of $338. The transaction was made under a pre-arranged Rule 10b5-1 plan, which reduces its signaling value, but it adds to a broader pattern of insider selling and no reported insider purchases in the past six months. Rajesh Pankaj Sells 1,500 Shares of InterDigital Stock
• Negative Sentiment: Revenue trend remains weaker: Despite the earnings beat, quarterly revenue declined 13.4% year over year, and the stock trades at roughly 40 times earnings. This leaves IDCC more sensitive to any slowdown in licensing revenue or disappointment relative to its guidance.

Analyst Upgrades and Downgrades

IDCC has been the topic of a number of recent analyst reports. Weiss Ratings lowered shares of InterDigital from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Zacks Research upgraded 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 given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $416.67.

InterDigital Trading Up 2.1%

IDCC stock opened at $346.44 on Friday. The company has a market capitalization of $8.94 billion, a PE ratio of 39.96 and a beta of 1.43. InterDigital, Inc. has a 12 month low of $249.14 and a 12 month high of $412.60. The firm’s 50-day moving average is $308.92 and its 200 day moving average is $310.67. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.74 and a quick ratio of 1.74.

InterDigital (NASDAQ:IDCC) last announced its quarterly earnings data 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 company had revenue of $260.17 million during 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 firm’s revenue for the quarter was down 13.4% on a year-over-year basis. During the same quarter last year, the business posted $6.52 EPS. InterDigital has set its FY 2026 guidance at 10.850-12.810 EPS and its Q3 2026 guidance at 1.940-2.130 EPS. On average, research analysts anticipate that InterDigital, Inc. will post 9.76 EPS for the current year.

InterDigital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Wednesday, October 14th will be paid a dividend of $0.75 per share. This is a boost from InterDigital’s previous quarterly dividend of $0.70. This represents a $3.00 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, October 14th. InterDigital’s payout ratio is presently 32.30%.

About InterDigital

InterDigital, Inc is a wireless technology research and development company that designs and develops advanced technologies used in mobile and other connected devices. Its work spans cellular communications, including 2G, 3G, 4G LTE and 5G, as well as wireless connectivity, video technologies and the Internet of Things.

The company primarily generates revenue by licensing its intellectual property to manufacturers of wireless products and other technology companies. Its portfolio includes patents and technical contributions related to wireless standards, network performance, spectrum efficiency, device connectivity and multimedia communications.