INTERDIGITAL, INC.
In the published model solve dated 2026-Q2, anchored at $262.08, INTERDIGITAL, INC. (IDCC) is priced for +8.4% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 27, 2026 from SEC EDGAR filings.
• InterDigital owns a deep portfolio of wireless and video patents and earns royalties when device makers license them, a model that produced a roughly 50% operating margin and recurring revenue of $567.2 million, up 13% year over year. • The recurring base is growing and increasingly diversified: smartphone licensing reached an all-time high, and new deals are pushing into TVs, computer displays, and connected devices beyond phones. • The defining risk is lumpy, litigation-driven revenue, with
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553 institutional managers reported holding IDCC in 13F filings for the quarter ended 2026-03-31. Together they hold about 74% of the company; the top 10 hold 39%. 70 opened new positions that quarter. Held by BlackRock, Vanguard Group, T. Rowe Price, among others. On the short side, 2.7M shares were sold short as of the 2026-06-15 count, about 8% of shares outstanding (6.5 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
IDCC has cut its share count 16.5% over the past five years, spending $613.66M on repurchases. It pays a dividend, and has for 15 years running, raised 3 years straight; the current rate is $2.60 a share annually. Cash returned over the past three years: $140.08M in dividends and $274.49M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at IDCC over the trailing three years. Absence is a fact about the company, not a signal. 13 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
IDCC's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-04 | -5.5% | -6.1% |
| 2023-11-03 | +11.8% | +22.3% |
| 2024-02-16 | +12.0% | -17.5% |
| 2024-05-03 | +5.9% | +16.1% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
IDCC's latest 8-K filings: 2026-07-30 (items 2.02, 7.01, 9.01); 2026-06-15 (items 5.03, 5.07); 2026-04-30 (items 2.02, 7.01, 9.01); 2026-02-05 (items 2.02, 7.01, 9.01); 2026-01-07 (items 8.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.