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NASDAQ:IDCC

InterDigital (IDCC) Stock Forecast, Price & News

$83.04
+0.38 (+0.46%)
(As of 04:00 PM ET)
Compare
Today's Range
$81.92
$83.69
50-Day Range
$67.03
$84.98
52-Week Range
$40.23
$86.27
Volume
501,447 shs
Average Volume
384,215 shs
Market Capitalization
$2.22 billion
P/E Ratio
13.64
Dividend Yield
1.69%
Price Target
$92.50

InterDigital MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
11.9% Upside
$92.50 Price Target
Short Interest
Bearish
11.89% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
1.05mentions of InterDigital in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$1.77 M Sold Last Quarter
Proj. Earnings Growth
-45.20%
From $6.04 to $3.31 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.35 out of 5 stars

Computer And Technology Sector

238th out of 621 stocks

Patent Owners & Lessors Industry

4th out of 7 stocks


IDCC stock logo

About InterDigital (NASDAQ:IDCC) Stock

InterDigital, Inc. engages in the design and development of technologies that enable and enhance wireless communications, and capabilities. It focuses on mobile technology and devices, which includes cellular wireless technology, Internet of Things, technology, video coding & transmission, sensor and sensor fusion technology. It also offers digital cellular and wireless products and networks, including 2G, 3G, 4G, 5G and IEEE 802-related products and networks. The company was founded by Seligsohn I. Sherwin in 1972 and is headquartered in Wilmington, DE.

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IDCC Stock News Headlines

Soaring EV Industry Keeps Investor Focus on Lithium
The need for lithium keeps going up, up, up with the mass adoption of electric vehicles. The lithium demand for EV batteries alone is now double the rate of lithium production.
Soaring EV Industry Keeps Investor Focus on Lithium
The need for lithium keeps going up, up, up with the mass adoption of electric vehicles. The lithium demand for EV batteries alone is now double the rate of lithium production.
InterDigital (NASDAQ:IDCC) Lifted to Buy at StockNews.com
InterDigital (IDCC) Rose on Licensing Renewals
See More Headlines
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IDCC Company Calendar

Last Earnings
2/15/2023
Ex-Dividend for 4/26 Dividend
4/11/2023
Dividend Payable
4/26/2023
Today
5/31/2023
Next Earnings (Estimated)
8/03/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Patent owners & lessors
Sub-Industry
Communications Equipment
Current Symbol
NASDAQ:IDCC
CUSIP
45867G10
Employees
510
Year Founded
1972

Price Target and Rating

Average Stock Price Forecast
$92.50
High Stock Price Forecast
$105.00
Low Stock Price Forecast
$80.00
Forecasted Upside/Downside
+12.3%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$93.69 million
Pretax Margin
38.34%

Debt

Sales & Book Value

Annual Sales
$457.79 million
Cash Flow
$5.74 per share
Book Value
$23.38 per share

Miscellaneous

Free Float
26,421,000
Market Cap
$2.20 billion
Optionable
Optionable
Beta
1.22

Social Links


Key Executives

  • Liren Chen
    President, Chief Executive Officer & Director
  • Richard John Brezski
    Chief Financial Officer & Treasurer
  • Alain Mourad
    Engineering Director
  • Michael G. Cortino
    Chief Information Officer & Executive VP
  • Rajesh Pankaj
    Chief Technology Officer













IDCC Stock - Frequently Asked Questions

Should I buy or sell InterDigital stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for InterDigital in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" IDCC shares.
View IDCC analyst ratings
or view top-rated stocks.

What is InterDigital's stock price forecast for 2023?

3 Wall Street research analysts have issued 1 year price objectives for InterDigital's stock. Their IDCC share price forecasts range from $80.00 to $105.00. On average, they expect the company's stock price to reach $92.50 in the next twelve months. This suggests a possible upside of 12.3% from the stock's current price.
View analysts price targets for IDCC
or view top-rated stocks among Wall Street analysts.

How have IDCC shares performed in 2023?

InterDigital's stock was trading at $49.48 on January 1st, 2023. Since then, IDCC stock has increased by 66.5% and is now trading at $82.37.
View the best growth stocks for 2023 here
.

When is InterDigital's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our IDCC earnings forecast
.

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 for the quarter, topping the consensus estimate of $0.92 by $0.16. The Wireless communications provider earned $117.10 million during the quarter, compared to the consensus estimate of $113.93 million. InterDigital had a trailing twelve-month return on equity of 28.17% and a net margin of 32.38%. The firm's quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the business posted $0.70 EPS.

How often does InterDigital pay dividends? What is the dividend yield for InterDigital?

InterDigital announced a quarterly dividend on Wednesday, March 29th. Stockholders of record on Wednesday, April 12th will be given a dividend of $0.35 per share on Wednesday, April 26th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date is Tuesday, April 11th.
Read our dividend analysis for IDCC
.

Is InterDigital a good dividend stock?

InterDigital (NASDAQ:IDCC) pays an annual dividend of $1.40 per share and currently has a dividend yield of 1.68%. The dividend payout ratio is 22.99%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, IDCC will have a dividend payout ratio of 42.30% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for IDCC.

What guidance has InterDigital issued on next quarter's earnings?

InterDigital updated its second quarter 2023 earnings guidance on Thursday, May, 4th. The company provided earnings per share guidance of $1.19-$1.29 for the period, compared to the consensus earnings per share estimate of $0.62. The company issued revenue guidance of $100.00 million-$104.00 million, compared to the consensus revenue estimate of $104.56 million.

What is William J. Merritt's approval rating as InterDigital's CEO?

43 employees have rated InterDigital Chief Executive Officer William J. Merritt on Glassdoor.com. William J. Merritt has an approval rating of 68% among the company's employees.

What other stocks do shareholders of InterDigital own?

Based on aggregate information from My MarketBeat watchlists, some companies that other InterDigital investors own include Bank of Hawaii (BOH), STAG Industrial (STAG), Evoke Pharma (EVOK), Cambridge Bancorp (CATC), Verizon Communications (VZ), PepsiCo (PEP), Cisco Systems (CSCO), Micron Technology (MU) and Broadcom (AVGO).

What is InterDigital's stock symbol?

InterDigital trades on the NASDAQ under the ticker symbol "IDCC."

Who are InterDigital's major shareholders?

InterDigital's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (17.91%), Dimensional Fund Advisors LP (3.86%), State Street Corp (3.79%), Boston Partners (2.58%), Boston Trust Walden Corp (2.17%) and Geode Capital Management LLC (2.10%). Insiders that own company stock include Eeva K Hakoranta, Eric Cohen, Jean F Rankin, John A Kritzmacher, John D Jr Markley, Philip P Trahanas, Pierre-Yves Lesaicherre and Richard Brezski.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is InterDigital's stock price today?

One share of IDCC stock can currently be purchased for approximately $82.37.

How much money does InterDigital make?

InterDigital (NASDAQ:IDCC) has a market capitalization of $2.20 billion and generates $457.79 million in revenue each year. The Wireless communications provider earns $93.69 million in net income (profit) each year or $6.09 on an earnings per share basis.

How many employees does InterDigital have?

The company employs 510 workers across the globe.

Does InterDigital have any subsidiaries?
The following companies are subsidiares of InterDigital: 6GWorld Inc., Chordant Europe Ltd., Chordant France SAS, Chordant Inc., DRNC Holdings Inc., DST Holdings Inc., Hillcrest Labs, IDAC Holdings Inc., IDHL Holdings Inc., IDLR Holdings Inc., IDPA Holdings Inc., IDTP Holdings Inc., IPR Licensing Inc., InterDigital Administrative Solutions Inc., InterDigital Belgium LLC, InterDigital CE Holdings Inc., InterDigital CE Intermediate SAS, InterDigital CE Patent Holdings SAS, InterDigital Canada Ltee., InterDigital Capital Inc., InterDigital Charitable Foundation Inc, InterDigital Communications Inc., InterDigital Europe Ltd., InterDigital Finland Oy, InterDigital Germany GmbH, InterDigital Holdings Inc., InterDigital Madison Patent Holdings SAS, InterDigital Patent Holdings Inc., InterDigital R&D France SAS, InterDigital Technology Corporation, InterDigital VC Holdings France SAS, InterDigital VC Holdings Inc., InterDigital Video Technologies Inc., InterDigital Wireless Inc., IoT Holdings Inc., NexStar Capital LLC, NexStar Partners GP L.P., NexStar Partners L.P., NexStar Strategic Investments LLC, PCMS Holdings Inc., and VID SCALE Inc..
Read More
How can I contact InterDigital?

InterDigital's mailing address is 200 BELLEVUE PARKWAY SUITE 300, WILMINGTON DE, 19809. The official website for the company is www.interdigital.com. The Wireless communications provider can be reached via phone at (302) 281-3600, via email at patrick.vandewille@interdigital.com, or via fax at 302-281-3763.

This page (NASDAQ:IDCC) was last updated on 5/31/2023 by MarketBeat.com Staff

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