NASDAQ:IDCC

InterDigital (IDCC) Stock Price, News & Analysis

$99.66
+0.73 (+0.74%)
(As of 04/24/2024 ET)
Today's Range
$98.79
$100.13
50-Day Range
$95.66
$117.19
52-Week Range
$66.82
$119.86
Volume
405,038 shs
Average Volume
496,969 shs
Market Capitalization
$2.54 billion
P/E Ratio
13.29
Dividend Yield
1.61%
Price Target
$100.00

InterDigital MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
0.3% Upside
$100.00 Price Target
Short Interest
Healthy
17.42% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.51mentions of InterDigital in the last 14 days
Based on 15 Articles This Week
Insider Trading
Selling Shares
$128,908 Sold Last Quarter
Proj. Earnings Growth
-27.64%
From $7.02 to $5.08 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.02 out of 5 stars

Computer And Technology Sector

373rd out of 581 stocks

Patent Owners & Lessors Industry

5th out of 6 stocks

IDCC stock logo

About InterDigital Stock (NASDAQ:IDCC)

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.

IDCC Stock Price History

IDCC Stock News Headlines

The A.I. story nobody is telling you (Read ASAP)
There's been a lot of buzz surrounding A.I. over the past year... Most of it is just hype and speculation. But there's one recent A.I. development you NEED to hear about...
The A.I. story nobody is telling you (Read ASAP)
There's been a lot of buzz surrounding A.I. over the past year... Most of it is just hype and speculation. But there's one recent A.I. development you NEED to hear about...
InterDigital: Ample Room To Lift On The Momentum
InterDigital Inc.
InterDigital Declares Regular Quarterly Cash Dividend
IDCC Apr 2024 125.000 call
See More Headlines
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Company Calendar

Last Earnings
2/15/2024
Ex-Dividend for 4/24 Dividend
4/09/2024
Today
4/24/2024
Dividend Payable
4/24/2024
Next Earnings (Confirmed)
5/02/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Patent owners & lessors
Sub-Industry
Communications Equipment
Current Symbol
NASDAQ:IDCC
CUSIP
45867G10
Employees
450
Year Founded
1972

Price Target and Rating

Average Stock Price Target
$100.00
High Stock Price Target
$100.00
Low Stock Price Target
$100.00
Potential Upside/Downside
+0.3%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
2 Analysts

Profitability

Net Income
$214.07 million
Pretax Margin
42.69%

Debt

Sales & Book Value

Annual Sales
$549.59 million
Cash Flow
$12.15 per share
Book Value
$22.63 per share

Miscellaneous

Free Float
25,105,000
Market Cap
$2.54 billion
Optionable
Optionable
Beta
1.34

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IDCC Stock Analysis - Frequently Asked Questions

Should I buy or sell InterDigital stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for InterDigital in the last year. There are currently 1 sell rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" IDCC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in IDCC, but not buy additional shares or sell existing shares.
View IDCC analyst ratings
or view top-rated stocks.

What is InterDigital's stock price target for 2024?

2 Wall Street research analysts have issued 12-month price objectives for InterDigital's shares. Their IDCC share price targets range from $100.00 to $100.00. On average, they expect the company's stock price to reach $100.00 in the next year. This suggests a possible upside of 0.3% 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 2024?

InterDigital's stock was trading at $108.54 at the beginning of 2024. Since then, IDCC stock has decreased by 8.2% and is now trading at $99.66.
View the best growth stocks for 2024 here
.

Are investors shorting InterDigital?

InterDigital saw a drop in short interest in the month of March. As of March 31st, there was short interest totaling 4,340,000 shares, a drop of 8.2% from the March 15th total of 4,730,000 shares. Based on an average daily volume of 512,800 shares, the short-interest ratio is currently 8.5 days. Currently, 17.4% of the shares of the company are sold short.
View InterDigital's Short Interest
.

When is InterDigital's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our IDCC earnings forecast
.

How can I listen to InterDigital's earnings call?

InterDigital will be holding an earnings conference call on Thursday, May 2nd at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were InterDigital's earnings last quarter?

InterDigital, Inc. (NASDAQ:IDCC) posted its quarterly earnings results on Thursday, February, 15th. The Wireless communications provider reported $1.16 EPS for the quarter, topping the consensus estimate of $1.00 by $0.16. The Wireless communications provider had revenue of $105.52 million for the quarter, compared to analyst estimates of $104.31 million. InterDigital had a net margin of 38.95% and a trailing twelve-month return on equity of 37.77%.

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

InterDigital declared a quarterly dividend on Wednesday, March 20th. Investors of record on Wednesday, April 10th will be paid a dividend of $0.40 per share on Wednesday, April 24th. This represents a $1.60 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date is Tuesday, April 9th.
Read our dividend analysis for IDCC
.

Is InterDigital a good dividend stock?

InterDigital (NASDAQ:IDCC) pays an annual dividend of $1.60 per share and currently has a dividend yield of 1.63%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 21.33%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, IDCC will have a dividend payout ratio of 31.50% 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 issued an update on its FY 2024 earnings guidance on Friday, February, 16th. The company provided earnings per share (EPS) guidance of 7.450-8.760 for the period, compared to the consensus EPS estimate of 6.480. The company issued revenue guidance of $620.0 million-$670.0 million, compared to the consensus revenue estimate of $505.5 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).

Who are InterDigital's major shareholders?

InterDigital's stock is owned by a variety of retail and institutional investors. Top institutional investors include Portman Square Capital LLP (0.00%), Touchstone Capital Inc. (0.20%), Strid Group LLC (0.15%), Allspring Global Investments Holdings LLC (0.14%), Los Angeles Capital Management LLC (0.13%) and Assenagon Asset Management S.A. (0.08%). Insiders that own company stock include Eeva K Hakoranta, Eric Cohen, Jean F Rankin, John D Jr Markley, Joshua D Schmidt, Pierre-Yves Lesaicherre, Rajesh Pankaj 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

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..
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This page (NASDAQ:IDCC) was last updated on 4/24/2024 by MarketBeat.com Staff

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