California State Teachers Retirement System Grows Stock Holdings in InterDigital, Inc. $IDCC

California State Teachers Retirement System grew its stake in InterDigital, Inc. (NASDAQ:IDCC) by 18.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,175 shares of the Wireless communications provider’s stock after acquiring an additional 4,737 shares during the period. California State Teachers Retirement System’s holdings in InterDigital were worth $9,113,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Price T Rowe Associates Inc. MD raised its stake in shares of InterDigital by 62.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,222,111 shares of the Wireless communications provider’s stock valued at $707,477,000 after acquiring an additional 854,845 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of InterDigital by 18.6% in the fourth quarter. Geode Capital Management LLC now owns 787,546 shares of the Wireless communications provider’s stock valued at $251,250,000 after purchasing an additional 123,686 shares during the period. Invesco Ltd. boosted its holdings in shares of InterDigital by 24.8% in the fourth quarter. Invesco Ltd. now owns 450,863 shares of the Wireless communications provider’s stock valued at $143,546,000 after purchasing an additional 89,647 shares during the period. Reinhart Partners LLC. grew its stake in InterDigital by 1.3% in the fourth quarter. Reinhart Partners LLC. now owns 417,639 shares of the Wireless communications provider’s stock worth $132,973,000 after purchasing an additional 5,293 shares in the last quarter. Finally, Norges Bank bought a new position in InterDigital in the fourth quarter worth approximately $128,918,000. 99.83% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on IDCC. Zacks Research raised InterDigital from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. Weiss Ratings cut InterDigital from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $416.67.

Insiders Place Their Bets

In related news, 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 transaction of $120,000.00. Following the completion of the sale, the director directly owned 11,735 shares in the company, valued at $3,520,500. This represents a 3.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Rajesh Pankaj sold 1,500 shares of the firm’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 approximately $19,441,136. The trade was a 2.16% decrease in their position. 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. In the last three months, insiders sold 5,872 shares of company stock worth $1,654,159. Insiders own 3.50% of the company’s stock.

InterDigital Price Performance

Shares of IDCC opened at $309.23 on Tuesday. The company has a 50 day moving average price of $271.52 and a 200-day moving average price of $310.96. InterDigital, Inc. has a fifty-two week low of $249.14 and a fifty-two week high of $412.60. The stock has a market capitalization of $7.98 billion, a PE ratio of 35.67 and a beta of 1.43. 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 (NASDAQ:IDCC) last released its quarterly earnings data on Thursday, July 30th. The Wireless communications provider reported $4.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $3.72. The firm had revenue of $260.17 million for the quarter, compared to the consensus estimate of $143.10 million. InterDigital had a net margin of 38.32% and a return on equity of 28.17%. The company’s quarterly revenue was down 13.4% on a year-over-year basis. During the same period last year, the firm earned $6.52 earnings per share. 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 predict that InterDigital, Inc. will post 7.41 earnings per share for the current fiscal year.

InterDigital Announces Dividend

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

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.