InterDigital, Inc. $IDCC Shares Sold by South Dakota Investment Council

South Dakota Investment Council lowered its position in shares of InterDigital, Inc. (NASDAQ:IDCC) by 28.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,111 shares of the Wireless communications provider’s stock after selling 2,000 shares during the period. South Dakota Investment Council’s holdings in InterDigital were worth $1,544,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Pictet Asset Management Holding SA increased its holdings in shares of InterDigital by 293.5% in the 4th quarter. Pictet Asset Management Holding SA now owns 14,098 shares of the Wireless communications provider’s stock valued at $4,489,000 after acquiring an additional 10,515 shares during the last quarter. NewEdge Wealth LLC lifted its stake in InterDigital by 68.4% during the first quarter. NewEdge Wealth LLC now owns 13,783 shares of the Wireless communications provider’s stock worth $4,163,000 after purchasing an additional 5,599 shares during the last quarter. Principal Financial Group Inc. lifted its stake in InterDigital by 4.6% during the fourth quarter. Principal Financial Group Inc. now owns 146,320 shares of the Wireless communications provider’s stock worth $46,585,000 after purchasing an additional 6,494 shares during the last quarter. PFA Pension Forsikringsaktieselskab acquired a new position in InterDigital in the fourth quarter valued at approximately $1,852,000. Finally, Intech Investment Management LLC boosted its holdings in InterDigital by 39.9% in the fourth quarter. Intech Investment Management LLC now owns 25,678 shares of the Wireless communications provider’s stock valued at $8,175,000 after purchasing an additional 7,319 shares in the last quarter. Hedge funds and other institutional investors own 99.83% of the company’s stock.

InterDigital News Summary

Here are the key news stories impacting InterDigital this week:

• Positive Sentiment: Q2 results significantly exceeded expectations: InterDigital reported adjusted earnings of $4.62 per share versus the $0.90 consensus estimate, while revenue of $260.2 million also surpassed forecasts. Results benefited from $103.7 million in catch-up revenue and the company’s first Streaming and Cloud Services agreement. InterDigital Announces Financial Results for Second Quarter 2026
• Positive Sentiment: Management raised its 2026 outlook: Full-year revenue guidance increased to $775 million–$845 million, above the roughly $701 million analyst consensus. Full-year EPS guidance of $10.85–$12.81 is also above expectations, supporting the bullish reaction. Third-quarter revenue guidance of $154 million–$158 million is broadly in line with estimates. Is IDCC Stock a Buy After Strong Earnings and Higher Revenue Guidance?
• Positive Sentiment: Recurring and non-smartphone licensing are gaining traction: Annualized recurring revenue reached a record $625.7 million, up 13% year over year. InterDigital is pursuing royalty opportunities in streaming, cloud services, artificial intelligence, IoT, automotive and other connected technologies, potentially diversifying future growth. InterDigital Is Riding AI, Streaming and IoT Licensing Growth Trends
• Neutral Sentiment: Growth remains uneven: Second-quarter revenue declined 13.4% year over year, and smartphone licensing revenue and earnings were lower than in the prior-year period. The Amazon agreement covers services and devices including Prime Video, but final terms are subject to binding arbitration.
• Negative Sentiment: Valuation and trading risks remain: Commentary has flagged IDCC as potentially overbought, while reported insider activity shows 43 sales and no purchases over the past six months. Investors also face legal and licensing-timing uncertainty despite the improved outlook. Top 3 Tech Stocks That Are Ticking Portfolio Bombs

Analyst Ratings Changes

Separately, Weiss Ratings cut shares of InterDigital from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, June 12th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $416.67.

Insider Activity

In other InterDigital news, Director John A. Kritzmacher sold 365 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $276.64, for a total value of $100,973.60. Following the completion of the sale, the director owned 16,359 shares in the company, valued at approximately $4,525,553.76. The trade was a 2.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Samir Armaly sold 470 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $276.64, for a total value of $130,020.80. Following the completion of the sale, the director directly owned 4,608 shares of the company’s stock, valued at $1,274,757.12. The trade was a 9.26% 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. Insiders have sold a total of 5,872 shares of company stock worth $1,654,159 over the last ninety days. 3.50% of the stock is owned by corporate insiders.

InterDigital Stock Performance

NASDAQ IDCC opened at $304.83 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.74 and a quick ratio of 1.88. InterDigital, Inc. has a 1 year low of $247.66 and a 1 year high of $412.60. The company has a market capitalization of $7.88 billion, a PE ratio of 35.16 and a beta of 1.42. The company has a fifty day moving average of $270.56 and a two-hundred day moving average of $311.00.

InterDigital (NASDAQ:IDCC) last issued its quarterly earnings data on Thursday, July 30th. The Wireless communications provider reported $4.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $3.72. InterDigital had a return on equity of 28.17% and a net margin of 38.32%.The company had revenue of $260.17 million for the quarter, compared to analyst estimates of $143.10 million. During the same quarter last year, the company posted $6.52 earnings per share. The business’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. As a group, analysts expect that InterDigital, Inc. will post 7.41 earnings per share for the current year.

InterDigital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 22nd. Investors of record on Wednesday, July 8th were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Wednesday, July 8th. InterDigital’s dividend payout ratio (DPR) is currently 32.30%.

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.