InterDigital renewed its patent license with Sharp and signed a new agreement with an EV charger manufacturer.
Quiver AI Summary
InterDigital, Inc. has renewed its patent licensing agreement with Sharp and entered into a new agreement with an electric vehicle (EV) charger manufacturer. The agreement with Sharp covers a range of InterDigital's wireless and video technologies, including 4G, 5G, Wi-Fi, and HEVC. The new partnership with the EV charger manufacturer involves licensing technologies for home and commercial chargers. Julia Mattis, InterDigital's Chief Licensing Officer, emphasized the significance of these agreements in showcasing the company's innovation across smartphone and IoT markets. InterDigital aims to achieve $500 million in annual recurring revenue from its smartphone program by 2027, while expanding its licensing efforts into the EV charging sector.
Potential Positives
- Renewal of the patent license agreement with Sharp, covering important technologies like 4G, 5G, Wi-Fi, and HEVC, reinforcing InterDigital's position in the mobile and video technology markets.
- Signing of a new agreement with an EV charger manufacturer, indicating expansion into the emerging Electric Vehicle (EV) charging market and diversifying their licensing portfolio.
- Achievement of licensing agreements with around 85% of the smartphone market, contributing to the strategic goal of $500 million in annualized recurring revenue by 2027.
Potential Negatives
- While the renewal of the patent license agreement with Sharp is positive, it might indicate reliance on a limited number of major partnerships, which could pose a risk if such relationships falter in the future.
- The statement about aiming for $500 million in annualized recurring revenue by 2027 suggests that the company currently falls short of its targets, raising questions about its current financial performance and market position.
- The press release highlights that only 85% of the smartphone market is under license, implying a significant portion of the market remains untapped, which could limit growth opportunities.
FAQ
What recent agreement did InterDigital announce?
InterDigital announced a renewed patent license agreement with Sharp and a new agreement with an EV charger manufacturer.
What technologies are covered in the Sharp agreement?
The Sharp agreement covers InterDigital’s wireless and video standard technologies, including 4G, 5G, Wi-Fi, and HEVC.
What is the significance of the new EV charging agreement?
This agreement signifies InterDigital's entry into the EV charging market, demonstrating its innovation in the IoT sector.
What revenue goal does InterDigital aim to achieve by 2027?
InterDigital aims to reach $500 million in annualized recurring revenue in its smartphone licensing program by 2027.
What does InterDigital focus on as a company?
InterDigital focuses on wireless, video, AI technologies, and developing innovations for connected communication and entertainment products.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$IDCC Insider Trading Activity
$IDCC insiders have traded $IDCC stock on the open market 21 times in the past 6 months. Of those trades, 0 have been purchases and 21 have been sales.
Here’s a breakdown of recent trading of $IDCC stock by insiders over the last 6 months:
- RAJESH PANKAJ (Chief Technology Officer) has made 0 purchases and 5 sales selling 4,700 shares for an estimated $1,259,679.
- JOHN D. JR. MARKLEY has made 0 purchases and 2 sales selling 1,384 shares for an estimated $306,293.
- JOSHUA D. SCHMIDT (CLO & Corp Secretary) has made 0 purchases and 2 sales selling 932 shares for an estimated $235,539.
- SAMIR ARMALY has made 0 purchases and 3 sales selling 779 shares for an estimated $176,456.
- DEREK K ABERLE has made 0 purchases and 3 sales selling 692 shares for an estimated $156,676.
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- JOHN A KRITZMACHER has made 0 purchases and 3 sales selling 519 shares for an estimated $117,632.
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$IDCC Hedge Fund Activity
We have seen 263 institutional investors add shares of $IDCC stock to their portfolio, and 230 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- PRICE T ROWE ASSOCIATES INC /MD/ added 234,752 shares (+65.4%) to their portfolio in Q2 2025, for an estimated $52,638,440
- NORGES BANK added 227,780 shares (+253.8%) to their portfolio in Q2 2025, for an estimated $51,075,109
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$IDCC Analyst Ratings
Wall Street analysts have issued reports on $IDCC in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Roth Capital issued a "Buy" rating on 09/12/2025
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Full Release
WILMINGTON, Del., Oct. 21, 2025 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a mobile, video and AI technology research and development company, today announced that it has renewed its patent license agreement with Sharp and signed a new agreement with an EV charger manufacturer.
The Sharp agreement covers InterDigital’s wireless and video standard technologies, including 4G, 5G, Wi-Fi, and HEVC. The EV charging manufacturer agreement covers home and commercial EV chargers.
“This renewal, as well as our first agreement with an EV charging manufacturer, demonstrates the value of our innovation in both the smartphone and IoT markets,” commented Julia Mattis, Chief Licensing Officer, InterDigital. “With around 85% of the smartphone market under license, we remain on course to hit our goal of $500 million in annualized recurring revenue in our smartphone program by 2027, and with our first agreement in the EV charging space, we are continuing our momentum in the CE, IoT/Auto licensing program.”
About InterDigital ®
InterDigital is a global research and development company focused primarily on wireless, video, artificial intelligence (“AI”), and related technologies. We design and develop foundational technologies that enable connected, immersive experiences in a broad range of communications and entertainment products and services. We license our innovations worldwide to companies providing such products and services, including makers of wireless communications devices, consumer electronics, IoT devices, cars and other motor vehicles, and providers of cloud-based services such as video streaming. As a leader in wireless technology, our engineers have designed and developed a wide range of innovations that are used in wireless products and networks, from the earliest digital cellular systems to 5G and today’s most advanced Wi-Fi technologies. We are also a leader in video processing and video encoding/decoding technology, with a significant AI research effort that intersects with both wireless and video technologies. Founded in 1972, InterDigital is listed on Nasdaq.
InterDigital is a registered trademark of InterDigital, Inc.
For more information, visit: www.interdigital.com .
InterDigital Contact:
Richard Lloyd
Email:
[email protected]
+1 (202) 349-1716
