InterDigital surges as investors react to its second-quarter earnings event

InterDigital, Inc. (IDCC) is up 16.0% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely catalyst is InterDigital’s second-quarter earnings event on July 30. The company had set a relatively modest bar for the quarter after giving lighter near-term guidance in April, so the market appears to be responding to results or commentary that looked better than feared and supportive of its licensing-driven revenue outlook.

Details:

InterDigital scheduled its second-quarter 2026 results release and webcast for Thursday, July 30, 2026, giving investors a clear event-driven reason for the move.

When it reported first-quarter results, the company projected second-quarter revenue of $139 million to $143 million and diluted EPS of $0.80 to $0.97, which had set lower expectations heading into this report.

InterDigital also reaffirmed its full-year 2026 outlook in the prior quarter, signaling confidence that licensing revenue and monetization activity could still support the broader year even if quarterly timing stayed uneven.

Recent corporate developments, including legal enforcement activity and a July note-conversion adjustment announcement, may have added to positive sentiment around the value of the company’s intellectual-property portfolio.

Sources:

InterDigital Investor Relations, SEC, Benzinga

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$IDCC Insider Trading Activity

$IDCC insiders have traded $IDCC stock on the open market 43 times in the past 6 months. Of those trades, 0 have been purchases and 43 have been sales.

Here’s a breakdown of recent trading of $IDCC stock by insiders over the last 6 months:

RICHARD BREZSKI (Chief Financial Officer) has made 0 purchases and 17 sales selling 8,005 shares for an estimated $2,871,101.
RAJESH PANKAJ (Chief Technology Officer) has made 0 purchases and 8 sales selling 8,000 shares for an estimated $2,430,595.
JOSHUA D. SCHMIDT (CLO & Corp Secretary) has made 0 purchases and 10 sales selling 6,467 shares for an estimated $2,260,116.
JULIA C MATTIS (Chief Licensing Officer) sold 1,600 shares for an estimated $412,239
JOHN D. JR. MARKLEY has made 0 purchases and 2 sales selling 1,100 shares for an estimated $382,465.
DEREK K ABERLE sold 522 shares for an estimated $144,406
SAMIR ARMALY sold 470 shares for an estimated $130,020
JOAN H GILLMAN sold 325 shares for an estimated $114,478
JOHN A KRITZMACHER sold 365 shares for an estimated $100,973
JEAN F RANKIN sold 365 shares for an estimated $100,973

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$IDCC Hedge Fund Activity

We have seen 241 institutional investors add shares of $IDCC stock to their portfolio, and 279 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

BLACKROCK, INC. removed 657,495 shares (-15.4%) from their portfolio in Q1 2026, for an estimated $198,563,490
MILLENNIUM MANAGEMENT LLC added 212,884 shares (+1952.9%) to their portfolio in Q1 2026, for an estimated $64,290,968
WEDGE CAPITAL MANAGEMENT L L P/NC removed 179,364 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $54,167,928
JANE STREET GROUP, LLC added 159,935 shares (+11785.9%) to their portfolio in Q1 2026, for an estimated $48,300,370
ROYAL BANK OF CANADA added 157,687 shares (+375.7%) to their portfolio in Q1 2026, for an estimated $47,621,474
TWO SIGMA INVESTMENTS, LP added 154,620 shares (+174.1%) to their portfolio in Q1 2026, for an estimated $46,695,240
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added 126,328 shares (+135.7%) to their portfolio in Q1 2026, for an estimated $38,151,056

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.