Pictet Asset Management Holding SA Increases Stock Holdings in InterDigital, Inc. $IDCC

Key Points

• Pictet Asset Management increased its stake in InterDigital by 293.5% in Q4, boosting holdings to 14,098 shares worth about $4.49 million (≈0.05% of the company).
• InterDigital beat Q1 estimates (EPS $2.57 vs. $2.54; revenue $205.4M) and reported licensing wins and record Smartphone ARR that support long‑term royalties, but its Q2 guidance of $1.41–1.60 EPS was well below street expectations, prompting near‑term concern.
• The stock is heavily institutionally owned (about 99.83%), analysts give a consensus rating of "Moderate Buy" with a target price of $416.67, and the company has a market cap near $7.5 billion.

Pictet Asset Management Holding SA boosted its position in InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 293.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,098 shares of the Wireless communications provider's stock after purchasing an additional 10,515 shares during the period. Pictet Asset Management Holding SA owned about 0.05% of InterDigital worth $4,489,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Inceptionr LLC purchased a new position in InterDigital in the third quarter worth about $1,101,000. Victory Capital Management Inc. boosted its position in InterDigital by 91.6% in the third quarter. Victory Capital Management Inc. now owns 41,721 shares of the Wireless communications provider's stock worth $14,403,000 after purchasing an additional 19,947 shares during the last quarter. Empirical Asset Management LLC purchased a new position in shares of InterDigital during the 3rd quarter valued at about $1,076,000. SG Americas Securities LLC purchased a new position in shares of InterDigital during the 4th quarter valued at about $1,844,000. Finally, Bernardo Wealth Planning LLC purchased a new position in shares of InterDigital during the 4th quarter valued at about $1,230,000. 99.83% of the stock is owned by hedge funds and other institutional investors.

InterDigital News Roundup

Here are the key news stories impacting InterDigital this week:

• Positive Sentiment: Licensing wins with major customers (Xiaomi, Disney, Tencent) should broaden and stabilize royalty cash flows — improves visibility for future licensing revenue. InterDigital Licensing Wins With Xiaomi Disney And Tencent Reshape Cash Flows
• Positive Sentiment: Management highlighted IP strength and growing ARR (annualized recurring revenue) on the earnings call, supporting long‑term monetization and margin potential. InterDigital Earnings Call Highlights IP Strength, ARR Growth
• Positive Sentiment: Company press release reported revenue, adjusted EBITDA and EPS at or above guidance ranges for Q1 and said Smartphone ARR reached a record level—reinforces that licensing engine is intact. InterDigital Announces Financial Results for First Quarter 2026
• Neutral Sentiment: Analyst write‑ups and feature pieces judge InterDigital as a compelling IP/royalty play, but they note valuation and cyclicality risks — useful context but not immediate catalysts. InterDigital: A Strong Contender in the Tech Stock Arena
• Negative Sentiment: Second‑quarter guidance was well below consensus (Q2 EPS guided to $1.41–1.60 vs. ~ $2.03 expected; revenue guided below estimates), sparking near‑term concern about growth momentum. (Company guidance update entry)
• Negative Sentiment: Earnings/metrics messaging was mixed across outlets: some reports flagged an EPS miss versus some expectations and others small beats — the inconsistent communication increases uncertainty and likely amplified the sell‑off. InterDigital, Inc. NASDAQ: IDCC Q1 2026 Earnings Call Transcript
• Negative Sentiment: Operational headwinds cited by analysts — weaker smartphone revenues, lower catch‑up sales in the quarter and rising costs — could pressure near‑term margins and cash flow despite licensing gains. InterDigital Q1 Earnings Surpass Estimates Despite Lower Y/Y Revenues

InterDigital Price Performance

IDCC stock opened at $290.50 on Monday. InterDigital, Inc. has a twelve month low of $202.82 and a twelve month high of $412.60. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.01. The stock has a market cap of $7.51 billion, a P/E ratio of 27.35 and a beta of 1.50. The business's 50-day moving average price is $347.23 and its 200-day moving average price is $346.57.

InterDigital (NASDAQ:IDCC - Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The Wireless communications provider reported $2.57 earnings per share for the quarter, beating analysts' consensus estimates of $2.54 by $0.03. InterDigital had a return on equity of 35.25% and a net margin of 44.20%.The firm had revenue of $205.42 million for the quarter, compared to analysts' expectations of $196.85 million. During the same period in the previous year, the firm earned $3.45 EPS. The business's quarterly 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, equities research analysts forecast that InterDigital, Inc. will post 7.71 EPS for the current year.

InterDigital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 22nd. Investors of record on Wednesday, April 8th were issued a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, April 8th. This represents a $2.80 dividend on an annualized basis and a yield of 1.0%. InterDigital's payout ratio is currently 26.37%.

Insider Buying and Selling

In related news, Director Joan H. Gillman sold 325 shares of the business's stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $352.24, for a total value of $114,478.00. Following the transaction, the director directly owned 22,036 shares of the company's stock, valued at approximately $7,761,960.64. The trade was a 1.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Rajesh Pankaj sold 1,500 shares of the business's stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $313.30, for a total value of $469,950.00. Following the completion of the transaction, the chief technology officer directly owned 72,449 shares in the company, valued at approximately $22,698,271.70. This represents a 2.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 18,997 shares of company stock worth $6,672,454 in the last quarter. 2.80% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Wall Street Zen raised InterDigital from a "sell" rating to a "hold" rating in a research report on Saturday, March 7th. Roth Mkm reaffirmed a "buy" rating on shares of InterDigital in a research report on Tuesday, January 20th. Finally, Jefferies Financial Group reaffirmed a "buy" rating on shares of InterDigital in a research report on Wednesday, March 18th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, InterDigital 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.

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