State of Michigan Retirement System Invests $1.87 Million in InterDigital, Inc. $IDCC

State of Michigan Retirement System purchased a new stake in InterDigital, Inc. (NASDAQ:IDCC) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 6,200 shares of the Wireless communications provider’s stock, valued at approximately $1,872,000.

Other institutional investors have also recently modified their holdings of the company. Chicago Partners Investment Group LLC acquired a new stake in InterDigital in the first quarter valued at $186,000. Teachers Retirement System of The State of Kentucky grew its stake in shares of InterDigital by 25.6% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 8,108 shares of the Wireless communications provider’s stock worth $2,449,000 after purchasing an additional 1,655 shares during the period. Anchor Investment Management LLC acquired a new position in shares of InterDigital during the 1st quarter worth $30,000. Diversify Wealth Management LLC purchased a new position in shares of InterDigital in the 1st quarter valued at about $251,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of InterDigital by 1.0% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,436 shares of the Wireless communications provider’s stock valued at $1,944,000 after purchasing an additional 62 shares in the last quarter. 99.83% of the stock is currently owned by hedge funds and other institutional investors.

InterDigital Stock Performance

NASDAQ IDCC opened at $260.45 on Friday. InterDigital, Inc. has a 1-year low of $213.06 and a 1-year high of $412.60. The company has a market capitalization of $6.73 billion, a P/E ratio of 24.52 and a beta of 1.42. The business has a 50 day moving average price of $270.11 and a 200 day moving average price of $314.52. 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 (NASDAQ:IDCC) last issued its quarterly earnings data on Thursday, April 30th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.54 by $0.03. The firm 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 was down 2.4% on a year-over-year basis. During the same period in the previous year, the firm posted $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. Sell-side analysts expect that InterDigital, Inc. will post 7.41 EPS for the current fiscal year.

InterDigital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 8th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Wednesday, July 8th. InterDigital’s payout ratio is 26.37%.

Insiders Place Their Bets

In related news, CTO Rajesh Pankaj sold 1,500 shares of the business’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $286.00, for a total value of $429,000.00. Following the sale, the chief technology officer directly owned 67,976 shares in the company, valued at $19,441,136. The trade was a 2.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 dated Monday, June 22nd. The shares were 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 in the company, valued at approximately $3,520,500. The trade was a 3.30% 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 ninety days, insiders sold 5,872 shares of company stock worth $1,654,159. 3.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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

About InterDigital

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.