InterDigital (IDCC) Stock Price, News & Analysis

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.

Key Stats

• Today's Range: $186.68 to $189.71
• 50-Day Range: $145.51 to $200.59
• 52-Week Range: $95.33 to $203.90
• Volume: 1.43 million shs
• Average Volume: 449,614 shs
• Market Capitalization: $4.80 billion
• P/E Ratio: 20.24
• Dividend Yield: 0.95%
• Price Target: $120.00
• Consensus Rating: Hold

InterDigital Stock Analysis - MarketRank™

InterDigital scored higher than 50% of companies evaluated by MarketBeat, and ranked 400th out of 652 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.0 / 5
• Analyst Rating: Hold

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 received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: -57.55%

Earnings Growth

Earnings for InterDigital are expected to decrease by -57.55% in the coming year, from $13.71 to $5.82 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of InterDigital is 20.24, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.04.

Price to Earnings Ratio vs. Sector

The P/E ratio of InterDigital is 20.24, 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 245.61.

Price to Earnings Growth Ratio

InterDigital has a PEG Ratio of 0.81. 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 8.37. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

11.21% 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 7.2.

Change versus previous month

Short interest in InterDigital has recently decreased by 13.40%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

InterDigital has a dividend yield of 0.92%, 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 30.93% next year. This indicates that InterDigital will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

11.21% 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 7.2.

Change versus previous month

Short interest in InterDigital has recently decreased by 13.40%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.4 / 5
• News Sentiment: 1.05

News Sentiment

InterDigital has a news sentiment score of 1.05. 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 0.66 average news sentiment score of Computer and Technology companies.

News Coverage This Week

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

Search Interest

14 people have searched for IDCC on MarketBeat in the last 30 days. This is an increase of 367% compared to the previous 30 days.

MarketBeat Follows

8 people have added InterDigital to their MarketBeat watchlist in the last 30 days. This is an increase of 60% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

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 $1,276,201.00 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.

IDCC Stock Analysis - Frequently Asked Questions

How have IDCC shares performed this year?

InterDigital's stock was trading at $108.54 at the start of the year. Since then, IDCC stock has increased by 74.5% and is now trading at $189.43.
View the best growth stocks for 2024 here.

How were InterDigital's earnings last quarter?

InterDigital, Inc. (NASDAQ:IDCC) released its quarterly earnings results on Wednesday, February, 15th. The Wireless communications provider reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.16. The firm's revenue for the quarter was up 4.7% compared to the same quarter last year.

Does InterDigital have any subsidiaries?

InterDigital subsidiaries include Hillcrest Labs, 6GWorld Inc., Chordant Europe Ltd., Chordant France SAS, Chordant Inc., DRNC Holdings Inc., DST Holdings Inc., and more.

Who are InterDigital's major shareholders?

Top institutional investors of InterDigital 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 Lawrence Liren Chen, 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.

How do I buy shares of InterDigital?

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.

What other stocks do shareholders of InterDigital own?

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: 12/21/2024
• Fiscal Year End: 12/31/2024
• Ex-Dividend for 1/22 Dividend: 1/08/2025
• Dividend Payable: 1/22/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Patent owners & lessors
• Sub-Industry: Communications Equipment
• Current Symbol: NASDAQ:IDCC
• CUSIP: 45867G10
• CIK: 1405495
• Web: www.interdigital.com
• Phone: (302) 281-3600
• Fax: 302-281-3763
• 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: -36.7%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $9.36
• Trailing P/E Ratio: 20.24
• Forward P/E Ratio: 13.82
• P/E Growth: 0.81
• Net Income: $214.07 million
• Net Margins: 36.69%
• Pretax Margin: 42.89%
• Return on Equity: 40.49%
• Return on Assets: 15.32%

Debt

• Debt-to-Equity Ratio: 0.03
• Current Ratio: 1.62
• Quick Ratio: 1.62

Sales & Book Value

• Annual Sales: $721.23 million
• Price / Sales: 6.66
• Cash Flow: $11.64 per share
• Price / Cash Flow: 16.28
• Book Value: $22.63 per share
• Price / Book: 8.37

Miscellaneous

• Outstanding Shares: 25,344,000
• Free Float: 24,761,000
• Market Cap: $4.80 billion
• Optionable: Optionable
• Beta: 1.44