Genus Capital Management Inc. Reduces Stock Position in InterDigital, Inc. $IDCC

Genus Capital Management Inc. lessened its stake in shares of InterDigital, Inc. (NASDAQ:IDCC) by 49.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund 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 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Hantz Financial Services Inc. boosted its holdings in shares of InterDigital by 219.0% during the 4th quarter. Hantz Financial Services Inc. now owns 134 shares of the Wireless communications provider’s stock valued at $43,000 after acquiring an additional 92 shares during the last quarter. Jefferies Financial Group Inc. purchased a new stake in shares of InterDigital during the 4th quarter valued at about $572,000. EverSource Wealth Advisors LLC boosted its holdings in shares of InterDigital by 98.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 250 shares of the Wireless communications provider’s stock valued at $80,000 after acquiring an additional 124 shares during the last quarter. Empirical Asset Management LLC boosted its holdings in shares of InterDigital by 4.2% during the 4th quarter. Empirical Asset Management LLC now owns 3,247 shares of the Wireless communications provider’s stock valued at $1,034,000 after acquiring an additional 130 shares during the last quarter. Finally, Global Retirement Partners LLC boosted its holdings in shares of InterDigital by 1,677.9% in the fourth quarter. Global Retirement Partners LLC now owns 4,267 shares of the Wireless communications provider’s stock worth $1,358,000 after buying an additional 4,027 shares during the last quarter. Hedge funds and other institutional investors own 99.83% of the company’s stock.

Insider Buying and Selling

In other InterDigital news, CTO Rajesh Pankaj sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $313.30, for a total transaction of $469,950.00. Following 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 position. The transaction was disclosed in a legal filing 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 the firm’s stock in a transaction that occurred on 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 sale, the insider owned 25,889 shares in the company, valued at approximately $9,014,808.69. The trade was a 18.82% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 8,967 shares of company stock worth $3,098,167. 2.80% of the stock is owned by company insiders.

Analyst Ratings Changes

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

InterDigital Stock Performance

IDCC opened at $260.98 on Tuesday. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.01. The company has a market cap of $6.74 billion, a price-to-earnings ratio of 24.57 and a beta of 1.50. The company’s 50 day moving average is $318.21 and its 200 day moving average is $335.36. InterDigital, Inc. has a 12-month low of $205.78 and a 12-month high of $412.60.

InterDigital (NASDAQ:IDCC) last posted its quarterly earnings data on Thursday, April 30th. The Wireless communications provider reported $2.57 earnings per share (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 company had revenue of $205.42 million for the quarter, compared to the consensus estimate of $196.85 million. During the same quarter last year, the firm posted $3.45 earnings per share. The firm’s revenue 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, equities research analysts predict that InterDigital, Inc. will post 7.59 EPS for the current year.

InterDigital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 8th were paid a dividend of $0.70 per share. The ex-dividend date was Wednesday, April 8th. This represents a $2.80 dividend on an annualized basis and a yield of 1.1%. InterDigital’s dividend payout ratio (DPR) is presently 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.