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NASDAQ:IDCC

InterDigital (IDCC) Stock Price, News & Analysis

InterDigital logo
$182.29 -0.61 (-0.33%)
(As of 11/20/2024 ET)

About InterDigital Stock (NASDAQ:IDCC)

Key Stats

Today's Range
$180.96
$184.50
50-Day Range
$132.45
$189.05
52-Week Range
$95.33
$191.57
Volume
225,227 shs
Average Volume
455,084 shs
Market Capitalization
$4.62 billion
P/E Ratio
19.48
Dividend Yield
0.99%
Price Target
$120.00
Consensus Rating
Hold

Company Overview

InterDigital, Inc. operates as a global research and development company with focus primarily on wireless, visual, artificial intelligence (AI), and related technologies. The company engages in the design and development of technologies that enable connected in a range of communications and entertainment products and services, which are licensed to companies providing such products and services, including makers of wireless communications, consumer electronics, IoT devices, and cars and other motor vehicles, as well as providers of cloud-based services, such as video streaming. It designs and develops a range of innovations for use in digital cellular and wireless products and networks, including 2G, 3G, 4G, 5G, and IEEE 802-related products and networks. The company also develops cellular technologies, such as technologies related to CDMA, TDMA, OFDM/OFDMA, and MIMO for use in 2G, 3G, 4G, and 5G wireless networks, as well as mobile terminal devices; and 3GPP technology portfolio in 5G, 5G, advanced and 6G, as well as technologies for automobiles, wearables, smart homes, drones, and other connected consumer electronic products. In addition, it provides video coding and transmission technologies; and engages in the research and development of artificial intelligence and machine learning solutions. Further, the company's patented technologies are used in various products that include smartphones, tablets, consumer electronics, and base stations; televisions, laptops, gaming consoles, set-top boxes, streaming devices, and connected automobiles. InterDigital, Inc. was incorporated in 1972 and is headquartered in Wilmington, Delaware.

InterDigital Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
43rd Percentile Overall Score

IDCC MarketRank™: 

InterDigital scored higher than 43% of companies evaluated by MarketBeat, and ranked 463rd out of 648 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    InterDigital has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, 1 hold rating, and 1 sell rating.

  • Amount of Analyst Coverage

    InterDigital has only been the subject of 1 research reports in the past 90 days.

  • Read more about InterDigital's stock forecast and price target.
  • Earnings Growth

    Earnings for InterDigital are expected to decrease by -60.52% in the coming year, from $13.55 to $5.35 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of InterDigital is 19.48, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.65.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of InterDigital is 19.48, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 258.20.

  • Price to Earnings Growth Ratio

    InterDigital has a PEG Ratio of 0.77. PEG Ratios below 1 indicate that a company could be undervalued.

  • Price to Book Value per Share Ratio

    InterDigital has a P/B Ratio of 8.06. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about InterDigital's valuation and earnings.
  • Percentage of Shares Shorted

    14.72% of the float of InterDigital has been sold short.
  • Short Interest Ratio / Days to Cover

    InterDigital has a short interest ratio ("days to cover") of 8.7.
  • Change versus previous month

    Short interest in InterDigital has recently decreased by 1.08%, indicating that investor sentiment is improving.
  • Dividend Yield

    InterDigital has a dividend yield of 0.99%, which is in the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    InterDigital does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of InterDigital is 19.23%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, InterDigital will have a dividend payout ratio of 33.64% next year. This indicates that InterDigital will be able to sustain or increase its dividend.

  • Read more about InterDigital's dividend.
  • Percentage of Shares Shorted

    14.72% of the float of InterDigital has been sold short.
  • Short Interest Ratio / Days to Cover

    InterDigital has a short interest ratio ("days to cover") of 8.7.
  • Change versus previous month

    Short interest in InterDigital has recently decreased by 1.08%, indicating that investor sentiment is improving.
  • News Sentiment

    InterDigital has a news sentiment score of 0.94. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.58 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 6 news articles for InterDigital this week, compared to 7 articles on an average week.
  • Search Interest

    Only 3 people have searched for IDCC on MarketBeat in the last 30 days. This is a decrease of -57% compared to the previous 30 days.
  • MarketBeat Follows

    7 people have added InterDigital to their MarketBeat watchlist in the last 30 days. This is an increase of 75% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, InterDigital insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $472,253.00 in company stock.

  • Percentage Held by Insiders

    Only 2.30% of the stock of InterDigital is held by insiders.

  • Percentage Held by Institutions

    99.83% of the stock of InterDigital is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about InterDigital's insider trading history.
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IDCC Stock News Headlines

I was wrong. Dead wrong.
I thought what happened 25 years ago was a once- in-a-lifetime event… but how wrong I was. Because here we are, a quarter of a century later, almost to the exact day, and it’s happening again.
InterDigital: $1 Billion Revenue Target Is Achievable
See More Headlines

IDCC Stock Analysis - Frequently Asked Questions

InterDigital's stock was trading at $108.54 at the beginning of 2024. Since then, IDCC shares have increased by 67.9% and is now trading at $182.29.
View the best growth stocks for 2024 here
.

InterDigital, Inc. (NASDAQ:IDCC) issued its quarterly earnings results on Wednesday, February, 15th. The Wireless communications provider reported $1.08 EPS for the quarter, beating analysts' consensus estimates of $0.92 by $0.16. The firm's revenue for the quarter was up 4.7% on a year-over-year basis.

The following companies are subsidiaries of InterDigital: Hillcrest Labs, 6GWorld Inc., Chordant Europe Ltd., Chordant France SAS, Chordant Inc., DRNC Holdings Inc., DST Holdings Inc., and more.

InterDigital's top institutional shareholders include Disciplined Growth Investors Inc. MN (4.47%), Pacer Advisors Inc. (2.49%), Geode Capital Management LLC (2.34%) and Boston Trust Walden Corp (1.98%). Insiders that own company stock include Richard Brezski, Rajesh Pankaj, Eeva K Hakoranta, Jean F Rankin, Eric Cohen, Joshua D Schmidt, John A Kritzmacher, John D Jr Markley, Derek K Aberle and Pierre-Yves Lesaicherre.
View institutional ownership trends
.

Shares of IDCC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that InterDigital investors own include NVIDIA (NVDA), Bank of Hawaii (BOH), Broadcom (AVGO), Meta Platforms (META), Arista Networks (ANET), ServiceNow (NOW) and Novo Nordisk A/S (NVO).

Company Calendar

Last Earnings
2/15/2023
Ex-Dividend for 10/23 Dividend
10/09/2024
Dividend Payable
10/23/2024
Today
11/20/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/20/2025

Industry, Sector and Symbol

Industry
Patent owners & lessors
Sub-Industry
Communications Equipment
Current Symbol
NASDAQ:IDCC
CUSIP
45867G10
Employees
420
Year Founded
1972

Price Target and Rating

Average Stock Price Target
$120.00
High Stock Price Target
$160.00
Low Stock Price Target
$100.00
Potential Upside/Downside
-34.2%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
3 Analysts

Profitability

Net Income
$214.07 million
Pretax Margin
42.89%

Debt

Sales & Book Value

Annual Sales
$549.59 million
Cash Flow
$11.95 per share
Book Value
$22.63 per share

Miscellaneous

Free Float
24,761,000
Market Cap
$4.62 billion
Optionable
Optionable
Beta
1.38

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This page (NASDAQ:IDCC) was last updated on 11/21/2024 by MarketBeat.com Staff
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