NASDAQ:IDCCInterDigital Wireless Stock Price, Forecast & News

$54.97

-1.16 (-2.07 %)

(As of 06/1/2020 04:00 PM ET)

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Today's Range

$53.98

Now: $54.97▼

$55.91

50-Day Range

$44.64

MA: $52.89▼

$60.61

52-Week Range

$31.04

Now: $54.97▼

$66.95

Volume295,800 shs

Average Volume266,379 shs

Market Capitalization$1.69 billion

P/E Ratio73.29

Dividend Yield2.55%

Beta1.15

InterDigital, Inc. designs and develops technologies that enable and enhance wireless communications in the United States and internationally. It provides technology solutions for use in digital cellular and wireless products and networks, including 2G, 3G, 4G and IEEE 802-related products and networks. The company develops cellular technologies, such as technologies related to CDMA, TDMA, OFDM/OFDMA, and MIMO for use in 2G, 3G, and 4G wireless networks, as well as mobile terminal devices; and 3GPP technology portfolio in 5G NR, LTE-Advanced, and cellular Internet of Things (IoT) areas, as well as technologies for automobiles, wearables, smart homes, drones, and other connected consumer electronic products. It also provides video encoding and transmission technologies; technologies to enable interconnection for various access types comprising cellular, WLAN, and LPWA, as well as IoT service frameworks; interoperability and scalability solutions through oneMPOWER platform; and oneTRANSPORT data marketplace that offers common interface to vraious service providers allowing public authorities to control and monetize, and companies to access IoT data in real-time. In addition, the company engages in the development of technologies in the areas of security and analytics, sensor technologies, and other areas. Its patented technologies are used in various products that include cellular phones, tablets, notebook computers, and wireless personal digital assistants; wireless infrastructure equipment, which comprise base stations; components, dongles, and modules for wireless devices; and IoT devices and software platforms. As of December 31, 2018, the company had a portfolio of approximately 34,000 patents and patent applications related fundamental technologies that enable wireless communications, video encoding, display technology, and other areas. InterDigital, Inc. was founded in 1972 and is headquartered in Wilmington, Delaware.

Beat the Market (BTM) Rank^™

3.5 Analyst's Opinion

Consensus Rating
InterDigital Wireless has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $90.00, InterDigital Wireless has a potential upside of 63.7% from its current price of $54.97.
Amount of Analyst Coverage
InterDigital Wireless has only been the subject of 1 research reports in the past 90 days.

2.3 Community Rank

Outperform Votes
InterDigital Wireless has received 435 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
InterDigital Wireless has received 507 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
InterDigital Wireless has received 53.82% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about InterDigital Wireless and other stocks. Vote “Outperform” if you believe IDCC will outperform the S&P 500 over the long term. Vote “Underperform” if you believe IDCC will underperform the S&P 500 over the long term. You may vote once every thirty days.

3.3 Dividend Strength

Dividend Leadership
InterDigital Wireless is a leading dividend payer. It pays a dividend yield of 2.55%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
InterDigital Wireless has been increasing its dividend for 5 years.
Dividend Coverage
The dividend payout ratio of InterDigital Wireless is 212.12 %. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on earnings estimates, InterDigital Wireless will have a dividend payout ratio of 62.78 % next year. This indicates that InterDigital Wireless will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, InterDigital Wireless insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.70% of the stock of InterDigital Wireless is held by insiders.
Percentage Held by Institutions
76.63% of the stock of InterDigital Wireless is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for InterDigital Wireless are expected to grow by 28.90% in the coming year, from $1.73 to $2.23 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of InterDigital Wireless is 73.29, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 15.51.
Price to Earnings Ratio vs. Sector
The P/E ratio of InterDigital Wireless is 73.29, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 40.49.
Price to Earnings Growth Ratio
InterDigital Wireless has a PEG Ratio of 2.12. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
InterDigital Wireless has a P/B Ratio of 2.18. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.28 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Patent owners & lessors

Sub-IndustryCommunications Equipment

SectorComputer and Technology

Current SymbolNASDAQ:IDCC

Previous Symbol

CUSIP45867G10

CIK1405495

Webwww.interdigital.com

Phone302-281-3600

Debt

Debt-to-Equity Ratio0.46

Current Ratio4.71

Quick Ratio4.71

Price-To-Earnings

Trailing P/E Ratio73.29

Forward P/E Ratio31.77

P/E Growth2.12

Sales & Book Value

Annual Sales$318.92 million

Price / Sales5.30

Cash Flow$3.15 per share

Price / Cash Flow17.46

Book Value$25.26 per share

Price / Book2.18

Profitability

EPS (Most Recent Fiscal Year)$0.66

Net Income$20.93 million

Net Margins7.30%

Return on Equity3.01%

Return on Assets1.53%

Miscellaneous

Employees390

Outstanding Shares30,752,000

Market Cap$1.69 billion

Next Earnings Date8/6/2020 (Estimated)

OptionableOptionable

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InterDigital Wireless (NASDAQ:IDCC) Frequently Asked Questions

How has InterDigital Wireless' stock been impacted by COVID-19 (Coronavirus)?

InterDigital Wireless' stock was trading at $45.57 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, IDCC stock has increased by 20.6% and is now trading at $54.97. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of InterDigital Wireless?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for InterDigital Wireless in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for InterDigital Wireless.

When is InterDigital Wireless' next earnings date?

InterDigital Wireless is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for InterDigital Wireless.

How were InterDigital Wireless' earnings last quarter?

InterDigital Wireless Inc (NASDAQ:IDCC) released its quarterly earnings data on Thursday, February, 20th. The Wireless communications provider reported $0.44 EPS for the quarter, beating the Zacks' consensus estimate of $0.27 by $0.17. The Wireless communications provider earned $102.16 million during the quarter, compared to the consensus estimate of $74.10 million. InterDigital Wireless had a return on equity of 3.01% and a net margin of 7.30%. The firm's quarterly revenue was up 35.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.05 EPS. View InterDigital Wireless' earnings history.

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

InterDigital Wireless declared a quarterly dividend on Thursday, March 12th. Shareholders of record on Wednesday, April 8th will be paid a dividend of $0.35 per share on Wednesday, April 22nd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date of this dividend is Tuesday, April 7th. View InterDigital Wireless' dividend history.

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

InterDigital Wireless updated its first quarter 2020 Pre-Market earnings guidance on Thursday, March, 26th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $73-76 million, compared to the consensus revenue estimate of $74.42 million.

What price target have analysts set for IDCC?

1 equities research analysts have issued 1 year price objectives for InterDigital Wireless' stock. Their forecasts range from $90.00 to $90.00. On average, they expect InterDigital Wireless' stock price to reach $90.00 in the next year. This suggests a possible upside of 63.7% from the stock's current price. View analysts' price targets for InterDigital Wireless.

Has InterDigital Wireless been receiving favorable news coverage?

News headlines about IDCC stock have been trending somewhat negative on Monday, InfoTrie Sentiment reports. The research group identifies negative and positive media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. InterDigital Wireless earned a news impact score of -1.0 on InfoTrie's scale. They also gave media stories about the Wireless communications provider a news buzz of 4.0 out of 10, meaning that recent media coverage is somewhat unlikely to have an effect on the company's share price in the near future. View the latest news aboutInterDigital Wireless.

Are investors shorting InterDigital Wireless?

InterDigital Wireless saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 1,330,000 shares, an increase of 8.1% from the April 30th total of 1,230,000 shares. Based on an average daily volume of 291,800 shares, the days-to-cover ratio is currently 4.6 days. Currently, 4.4% of the shares of the stock are short sold. View InterDigital Wireless' Current Options Chain.

Who are some of InterDigital Wireless' key competitors?

Some companies that are related to InterDigital Wireless include Cisco Systems (CSCO), QUALCOMM (QCOM), Palo Alto Networks (PANW), Motorola Solutions (MSI), F5 Networks (FFIV), Ciena (CIEN), Juniper Networks (JNPR), Echostar (SATS), ViaSat (VSAT), Infinera (INFN), Calix (CALX), NetGear (NTGR), Ribbon Communications (RBBN), ADTRAN (ADTN) and Harmonic (HLIT). View all competitors.

What other stocks do shareholders of InterDigital Wireless own?

Based on aggregate information from My MarketBeat watchlists, some companies that other InterDigital Wireless investors own include Bank of Hawaii (BOH), Stag Industrial (STAG), Evoke Pharma (EVOK), Cambridge Bancorp (CATC), Celgene (CELG), PepsiCo (PEP), Verizon Communications (VZ), Ribbon Communications (RBBN), Harvard Bioscience (HBIO) and Broadcom (AVGO).

Who are InterDigital Wireless' key executives?

InterDigital Wireless' management team includes the following people:

Mr. William J. Merritt, Pres, CEO & Director (Age 60)
Mr. Richard J. Brezski, CFO & Treasurer (Age 46)
Mr. Kai Olavi Öistämö, Chief Operating Officer (Age 55)
Ms. Jannie K. Lau, Chief Legal Officer, Gen. Counsel & Corp. Sec. (Age 43)
Mr. Jeffrey K. Belk, Exec. VP of Bus. Devel. & Pres of the InterDigital China (Age 56)

What is InterDigital Wireless' stock symbol?

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

Who are InterDigital Wireless' major shareholders?

InterDigital Wireless' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (12.06%), State Street Corp (3.51%), Geode Capital Management LLC (1.52%), Bank of New York Mellon Corp (1.44%), Boston Trust Walden Corp (0.95%) and Boston Trust Walden Corp (0.79%). Company insiders that own InterDigital Wireless stock include James J Nolan, Jean F Rankin, Jeffrey K Belk, Stewart D Hutcheson and William J Merritt. View institutional ownership trends for InterDigital Wireless.

Which major investors are selling InterDigital Wireless stock?

IDCC stock was sold by a variety of institutional investors in the last quarter, including BNP Paribas Arbitrage SA, Wells Fargo & Company MN, Morgan Stanley, Deutsche Bank AG, BlackRock Inc., AQR Capital Management LLC, UBS Group AG, and Principal Financial Group Inc.. Company insiders that have sold InterDigital Wireless company stock in the last year include Jean F Rankin, and William J Merritt. View insider buying and selling activity for InterDigital Wireless.

Which major investors are buying InterDigital Wireless stock?

IDCC stock was acquired by a variety of institutional investors in the last quarter, including Invenomic Capital Management LP, Boston Trust Walden Corp, Ziegler Capital Management LLC, Capital Management Corp VA, Invesco Ltd., Geode Capital Management LLC, Trexquant Investment LP, and Maverick Capital Ltd.. View insider buying and selling activity for InterDigital Wireless.

How do I buy shares of InterDigital Wireless?

Shares of IDCC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is InterDigital Wireless' stock price today?

One share of IDCC stock can currently be purchased for approximately $54.97.

How big of a company is InterDigital Wireless?

InterDigital Wireless has a market capitalization of $1.69 billion and generates $318.92 million in revenue each year. The Wireless communications provider earns $20.93 million in net income (profit) each year or $0.66 on an earnings per share basis. InterDigital Wireless employs 390 workers across the globe.

What is InterDigital Wireless' official website?

The official website for InterDigital Wireless is www.interdigital.com.

How can I contact InterDigital Wireless?

InterDigital Wireless' mailing address is 200 BELLEVUE PARKWAY SUITE 300, WILMINGTON DE, 19809. The Wireless communications provider can be reached via phone at 302-281-3600 or via email at [email protected]

This page was last updated on 6/1/2020 by MarketBeat.com Staff