InterDigital, Inc. $IDCC Stake Boosted by Future Fund LLC

Future Fund LLC increased its stake in InterDigital, Inc. (NASDAQ:IDCC) by 40.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,015 shares of the Wireless communications provider’s stock after purchasing an additional 2,324 shares during the quarter. Future Fund LLC’s holdings in InterDigital were worth $2,552,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Intech Investment Management LLC boosted its position in 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 acquiring an additional 7,319 shares during the period. Kingsview Wealth Management LLC boosted its position in InterDigital by 276.7% during the 4th quarter. Kingsview Wealth Management LLC now owns 12,063 shares of the Wireless communications provider’s stock worth $3,841,000 after acquiring an additional 8,861 shares during the period. Geode Capital Management LLC boosted its position in InterDigital by 18.6% during the 4th quarter. Geode Capital Management LLC now owns 787,546 shares of the Wireless communications provider’s stock worth $251,250,000 after acquiring an additional 123,686 shares during the period. Cary Street Partners Investment Advisory LLC boosted its position in InterDigital by 2,017.5% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 1,207 shares of the Wireless communications provider’s stock worth $384,000 after acquiring an additional 1,150 shares during the period. Finally, Harbour Investments Inc. boosted its position in InterDigital by 48.9% during the 4th quarter. Harbour Investments Inc. now owns 563 shares of the Wireless communications provider’s stock worth $179,000 after acquiring an additional 185 shares during the period. 99.83% of the stock is currently owned by institutional investors and hedge funds.

InterDigital Stock Up 0.5%

Shares of InterDigital stock opened at $252.09 on Friday. The firm has a market cap of $6.51 billion, a price-to-earnings ratio of 23.74 and a beta of 1.50. 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, Inc. has a 52-week low of $210.88 and a 52-week high of $412.60. The stock has a 50-day simple moving average of $310.17 and a 200-day simple moving average of $332.19.

InterDigital (NASDAQ:IDCC) last announced its quarterly earnings results on Thursday, April 30th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.54 by $0.03. The business had revenue of $205.42 million during the quarter, compared to analyst estimates of $196.85 million. InterDigital had a return on equity of 35.25% and a net margin of 44.20%.The firm’s revenue was down 2.4% on a year-over-year basis. During the same period in the previous year, the company earned $3.45 EPS. InterDigital has set its Q2 2026 guidance at 1.410-1.600 EPS and its FY 2026 guidance at 8.740-11.840 EPS. On average, equities research analysts expect that InterDigital, Inc. will post 7.59 earnings per share for the current fiscal year.

InterDigital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 8th were issued 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 was Wednesday, April 8th. InterDigital’s payout ratio is currently 26.37%.

Insider Activity

In other news, insider Joshua D. Schmidt sold 6,000 shares of InterDigital stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $348.21, for a total transaction of $2,089,260.00. Following the completion of the sale, the insider directly owned 25,889 shares in the company, valued at $9,014,808.69. The trade was a 18.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Rajesh Pankaj sold 1,500 shares of InterDigital stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $313.30, for a total value of $469,950.00. Following the sale, the chief technology officer owned 72,449 shares of the company’s stock, valued at approximately $22,698,271.70. This represents a 2.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 8,500 shares of company stock valued at $2,927,310. 2.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on IDCC shares. Jefferies Financial Group restated a “buy” rating on shares of InterDigital in a research report on Wednesday, March 18th. Wall Street Zen upgraded InterDigital from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of InterDigital in a research report on Friday, May 1st. Four research 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.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $416.67.

InterDigital 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.