Genus Capital Management Inc. Sells 3,500 Shares of InterDigital, Inc. $IDCC

Genus Capital Management Inc. lessened its stake in InterDigital, Inc. (NASDAQ:IDCC) by 49.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,600 shares of the Wireless communications provider’s stock after selling 3,500 shares during the quarter. Genus Capital Management Inc.’s holdings in InterDigital were worth $1,146,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Pictet Asset Management Holding SA lifted its holdings in shares of InterDigital by 293.5% in the fourth quarter. Pictet Asset Management Holding SA now owns 14,098 shares of the Wireless communications provider’s stock worth $4,489,000 after buying an additional 10,515 shares in the last quarter. Inceptionr LLC purchased a new position in shares of InterDigital in the third quarter worth $1,101,000. Bernardo Wealth Planning LLC purchased a new position in shares of InterDigital in the fourth quarter worth $1,230,000. PFA Pension Forsikringsaktieselskab purchased a new position in shares of InterDigital in the fourth quarter worth $1,852,000. Finally, SG Americas Securities LLC purchased a new position in shares of InterDigital in the fourth quarter worth $1,844,000. Hedge funds and other institutional investors own 99.83% of the company’s stock.

InterDigital Stock Performance

Shares of NASDAQ:IDCC opened at $260.98 on Tuesday. InterDigital, Inc. has a 52 week low of $205.78 and a 52 week high of $412.60. The stock has a market capitalization of $6.74 billion, a P/E ratio of 24.57 and a beta of 1.50. The firm has a fifty day simple moving average of $318.21 and a two-hundred day simple moving average of $335.36. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.01.

InterDigital (NASDAQ:IDCC) last issued its quarterly earnings data on Thursday, April 30th. The Wireless communications provider reported $2.57 EPS for the quarter, topping analysts’ consensus estimates of $2.54 by $0.03. InterDigital had a net margin of 44.20% and a return on equity of 35.25%. The business had revenue of $205.42 million during the quarter, compared to analysts’ expectations of $196.85 million. During the same period last year, the company posted $3.45 EPS. The business’s revenue was down 2.4% on a year-over-year basis. 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, analysts expect that InterDigital, Inc. will post 7.59 earnings per share for the current fiscal year.

InterDigital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 22nd. Investors of record on Wednesday, April 8th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend 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 currently 26.37%.

Wall Street Analyst Weigh In

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

Insider Transactions at InterDigital

In related news, CTO Rajesh Pankaj sold 1,500 shares of InterDigital stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $313.30, for a total transaction of $469,950.00. Following the completion of the transaction, the chief technology officer directly owned 72,449 shares of the company’s stock, valued at approximately $22,698,271.70. The trade was a 2.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Joshua D. Schmidt sold 6,000 shares of InterDigital stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $348.21, for a total transaction of $2,089,260.00. Following the transaction, the insider directly owned 25,889 shares of the company’s stock, valued at approximately $9,014,808.69. This represents a 18.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 8,967 shares of company stock valued at $3,098,167. 2.80% of the stock is owned by corporate insiders.

About InterDigital

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.