Glenview Trust Co Buys New Position in InterDigital, Inc. $IDCC

Glenview Trust Co bought a new stake in InterDigital, Inc. (NASDAQ:IDCC) during the second quarter, HoldingsChannel.com reports. The fund bought 1,500 shares of the Wireless communications provider’s stock, valued at approximately $453,000.

Several other hedge funds also recently modified their holdings of IDCC. Keating Financial Advisory Services Inc. purchased a new position in shares of InterDigital during the second quarter valued at approximately $25,000. Kemnay Advisory Services Inc. purchased a new position in shares of InterDigital during the 4th quarter worth $26,000. Anchor Investment Management LLC acquired a new stake in shares of InterDigital during the first quarter worth $30,000. Leonteq Securities AG acquired a new stake in shares of InterDigital during the fourth quarter worth $35,000. Finally, Hantz Financial Services Inc. grew 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 purchasing an additional 92 shares during the period. 99.83% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at InterDigital

In other news, Director Samir Armaly sold 470 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $276.64, for a total transaction of $130,020.80. Following the sale, the director directly owned 4,608 shares in the company, valued at approximately $1,274,757.12. This represents a 9.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John D. Jr. Markley sold 400 shares of the company’s stock in a transaction 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 transaction, the director owned 11,735 shares of the company’s stock, valued at approximately $3,520,500. The trade was a 3.30% 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 7,672 shares of company stock valued at $2,240,797 over the last quarter. Insiders own 3.50% of the company’s stock.

InterDigital Price Performance

IDCC opened at $335.15 on Friday. The company has a market capitalization of $8.65 billion, a P/E ratio of 38.66 and a beta of 1.43. The company has a 50-day moving average of $298.94 and a 200-day moving average of $312.77. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.74 and a current ratio of 1.74. InterDigital, Inc. has a 1-year low of $249.14 and a 1-year high of $412.60.

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 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 firm had revenue of $260.17 million during the quarter, compared to analyst estimates of $143.10 million. During the same period in the previous year, the company earned $6.52 earnings per share. InterDigital’s quarterly revenue was down 13.4% on a year-over-year basis. InterDigital has set its FY 2026 guidance at 10.850-12.810 EPS and its Q3 2026 guidance at 1.940-2.130 EPS. Equities analysts expect that InterDigital, Inc. will post 9.76 EPS for the current fiscal year.

InterDigital Announces Dividend

The company also recently disclosed 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. The ex-dividend date was Wednesday, July 8th. This represents a $2.80 annualized dividend and a yield of 0.8%. InterDigital’s dividend payout ratio (DPR) is 32.30%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on IDCC shares. Zacks Research raised InterDigital from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. Weiss Ratings cut shares of InterDigital from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $416.67.

Key Stories 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

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.