Assenagon Asset Management S.A. Trims Holdings in InterDigital, Inc. $IDCC

Assenagon Asset Management S.A. lowered its stake in shares of InterDigital, Inc. (NASDAQ:IDCC) by 23.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,950 shares of the Wireless communications provider’s stock after selling 2,699 shares during the period. Assenagon Asset Management S.A.’s holdings in InterDigital were worth $2,850,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Twin Peaks Wealth Advisors LLC purchased a new position in shares of InterDigital during the 2nd quarter worth $28,000. Root Financial Partners LLC purchased a new stake in shares of InterDigital in the third quarter valued at about $30,000. Aster Capital Management DIFC Ltd increased its position in InterDigital by 186.8% during the third quarter. Aster Capital Management DIFC Ltd now owns 109 shares of the Wireless communications provider’s stock worth $38,000 after purchasing an additional 71 shares during the last quarter. Spire Wealth Management acquired a new stake in InterDigital during the third quarter worth about $49,000. Finally, Headlands Technologies LLC raised its stake in InterDigital by 47.9% during the second quarter. Headlands Technologies LLC now owns 250 shares of the Wireless communications provider’s stock worth $56,000 after purchasing an additional 81 shares during the period. 99.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at InterDigital

In related news, CEO Lawrence Liren Chen sold 5,958 shares of InterDigital stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $327.62, for a total value of $1,951,959.96. Following the completion of the transaction, the chief executive officer owned 153,077 shares in the company, valued at approximately $50,151,086.74. The trade was a 3.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Joshua D. Schmidt sold 6,000 shares of the company’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 directly owned 25,889 shares in the company, valued at approximately $9,014,808.69. The trade was a 18.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 45,829 shares of company stock worth $15,383,314. 2.30% of the stock is owned by company insiders.

InterDigital Trading Down 2.2%

Shares of NASDAQ IDCC opened at $294.70 on Tuesday. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $7.57 billion, a PE ratio of 24.70 and a beta of 1.57. InterDigital, Inc. has a twelve month low of $180.60 and a twelve month high of $412.60. The stock has a fifty day simple moving average of $347.01 and a 200-day simple moving average of $346.08.

InterDigital (NASDAQ:IDCC) last posted its earnings results on Thursday, February 5th. The Wireless communications provider reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.47. InterDigital had a return on equity of 41.09% and a net margin of 48.76%.The firm had revenue of $158.23 million for the quarter, compared to analyst estimates of $155.57 million. During the same quarter in the prior year, the company earned $5.15 EPS. InterDigital’s revenue was down 37.4% on a year-over-year basis. InterDigital has set its Q1 2026 guidance at 2.390-2.680 EPS. On average, equities analysts forecast that InterDigital, Inc. will post 9.21 earnings per share for the current year.

InterDigital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 8th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Wednesday, April 8th. InterDigital’s dividend payout ratio is currently 23.47%.

Wall Street Analysts Forecast Growth

IDCC has been the topic of several recent analyst reports. Roth Mkm reiterated a “buy” rating on shares of InterDigital in a report on Tuesday, January 20th. Wall Street Zen upgraded shares of InterDigital from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Jefferies Financial Group reiterated a “buy” rating on shares of InterDigital in a report on Wednesday, March 18th. UBS Group set a $425.00 price objective on InterDigital in a research report on Monday, December 1st. Finally, Weiss Ratings lowered InterDigital from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday, December 29th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $416.67.

InterDigital Company 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.