InterDigital (IDCC) Stock Forecast, Price & News

3 Wall Street equities 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 equities research analysts is that investors should "buy" IDCC shares.
View IDCC analyst ratings or view top-rated stocks.

3 analysts have issued 12-month price targets for InterDigital's shares. 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 15.3% from the stock's current price.
View analysts price targets for IDCC or view top-rated stocks among Wall Street analysts.

InterDigital's stock was trading at $49.48 at the beginning of the year. Since then, IDCC shares have increased by 62.2% and is now trading at $80.24.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our IDCC earnings forecast.

InterDigital, Inc. (NASDAQ:IDCC) released its earnings results on Thursday, August, 3rd. The Wireless communications provider reported $1.05 earnings per share for the quarter, topping analysts' consensus estimates of $0.93 by $0.12. The Wireless communications provider earned $101.59 million during the quarter, compared to analyst estimates of $101.22 million. InterDigital had a trailing twelve-month return on equity of 30.22% and a net margin of 33.91%.

InterDigital announced a quarterly dividend on Wednesday, September 13th. Shareholders of record on Wednesday, October 11th will be given a dividend of $0.40 per share on Wednesday, October 25th. This represents a $1.60 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date is Tuesday, October 10th. This is a boost from the stock's previous quarterly dividend of $0.35.
Read our dividend analysis for IDCC.

ETFs with the largest weight of InterDigital (NASDAQ:IDCC) stock in their portfolio include Invesco Next Gen Connectivity ETF (PXQ), ProShares Big Data Refiners ETF (DAT), Pacer US Small Cap Cash Cows Growth Leaders ETF (CAFG), Invesco Dorsey Wright Technology Momentum ETF (PTF), Invesco S&P SmallCap Information Technology ETF (PSCT), Global X Internet of Things Thematic ETF (SNSR), Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD) and Convergence Long/Short Equity ETF (CLSE).

InterDigital (NASDAQ:IDCC) pays an annual dividend of $1.40 per share and currently has a dividend yield of 1.73%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 22.62%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, IDCC will have a dividend payout ratio of 27.18% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for IDCC.

InterDigital issued an update on its third quarter 2023 earnings guidance on Thursday, August, 3rd. The company provided earnings per share guidance of $1.10-$1.20 for the period, compared to the consensus EPS estimate of $0.67. The company issued revenue guidance of $97.00 million-$100.00 million, compared to the consensus revenue estimate of $104.00 million.

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.

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).

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

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.

One share of IDCC stock can currently be purchased for approximately $80.24.

InterDigital (NASDAQ:IDCC) has a market capitalization of $2.12 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 $6.19 on an earnings per share basis.

The company employs 425 workers across the globe.

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.