InterDigital, Inc. $IDCC Shares Sold by Vestcor Inc

Vestcor Inc trimmed its stake in shares of InterDigital, Inc. (NASDAQ:IDCC) by 36.3% in the fourth quarter, Holdings Channel reports. The fund owned 13,427 shares of the Wireless communications provider’s stock after selling 7,650 shares during the period. Vestcor Inc’s holdings in InterDigital were worth $4,275,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in IDCC. Norges Bank acquired a new stake in InterDigital during the 4th quarter worth approximately $128,918,000. Geode Capital Management LLC lifted 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. M&T Bank Corp lifted its position in InterDigital by 14,563.6% during the 4th quarter. M&T Bank Corp now owns 109,244 shares of the Wireless communications provider’s stock worth $34,781,000 after acquiring an additional 108,499 shares during the period. Ameriprise Financial Inc. lifted its position in InterDigital by 36.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 309,663 shares of the Wireless communications provider’s stock worth $69,433,000 after acquiring an additional 83,221 shares during the period. Finally, 1900 Wealth Management LLC acquired a new stake in InterDigital during the 4th quarter worth approximately $14,339,000. 99.83% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about InterDigital

Here are the key news stories impacting InterDigital this week:

• Positive Sentiment: Zacks Research raised near-term and medium-term earnings estimates, including FY2026, FY2027, Q4 2026, Q1 2027, Q3 2027, and Q4 2027, which suggests improving profit expectations for InterDigital.
• Neutral Sentiment: One report from The Globe and Mail highlighted broader analyst commentary on InterDigital, but it did not include any major new company-specific catalyst beyond the earnings estimate updates. Article Title
• Negative Sentiment: Analysts also trimmed a couple of longer-dated forecasts, including Q3 2026, Q1 2028, and FY2028 EPS, signaling some caution about later-period growth.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on IDCC shares. Wall Street Zen raised InterDigital from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Jefferies Financial Group reaffirmed a “buy” rating on shares of InterDigital in a research report on Wednesday, March 18th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of InterDigital in a report on Friday, May 1st. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $416.67.

Insider Buying and Selling

In related news, insider Joshua D. Schmidt sold 6,000 shares of InterDigital stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $348.21, for a total value of $2,089,260.00. Following 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CTO Rajesh Pankaj sold 1,500 shares of InterDigital stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $313.30, for a total value of $469,950.00. Following the completion of the sale, the chief technology officer owned 72,449 shares in the company, valued at approximately $22,698,271.70. This trade represents a 2.03% 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. 2.80% of the stock is owned by insiders.

InterDigital Stock Down 0.2%

InterDigital stock opened at $260.64 on Friday. 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 1-year low of $213.06 and a 1-year high of $412.60. The company has a market cap of $6.73 billion, a PE ratio of 24.54 and a beta of 1.43. The stock’s 50 day moving average price is $303.95 and its 200 day moving average price is $328.77.

InterDigital (NASDAQ:IDCC) last posted its quarterly earnings results on Thursday, April 30th. The Wireless communications provider reported $2.57 earnings per share for the quarter, beating analysts’ consensus estimates of $2.54 by $0.03. InterDigital had a return on equity of 35.25% and a net margin of 44.20%.The firm had revenue of $205.42 million for the quarter, compared to the consensus estimate of $196.85 million. During the same period in the previous year, the business earned $3.45 earnings per share. The company’s revenue for the quarter was down 2.4% compared to the same quarter last year. 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, sell-side analysts predict that InterDigital, Inc. will post 7.41 EPS for the current fiscal year.

InterDigital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 22nd. Investors of record on Wednesday, April 8th were paid a $0.70 dividend. The ex-dividend date was Wednesday, April 8th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.1%. InterDigital’s payout ratio is 26.37%.

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.