InterDigital (IDCC) Stock Forecast, Price & News

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.

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.

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

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.

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.

ETFs with the largest weight of InterDigital (NASDAQ:IDCC) stock in their portfolio include ProShares Big Data Refiners ETF (DAT), Invesco Dynamic Networking ETF (PXQ), Invesco S&P SmallCap Information Technology ETF (PSCT), Defiance Next Gen Connectivity ETF (FIVG), Global X Internet of Things Thematic ETF (SNSR), Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD), Convergence Long/Short Equity ETF (CLSE) and Pacer US Small Cap Cash Cows 100 ETF (CALF).

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.

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.

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."

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

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.

The company employs 510 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.