InterDigital, Inc. designs and develops technologies that enable and enhance wireless communications in the United States and internationally. It offers 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 and mobile terminal devices; and other wireless technologies related to Wi-Fi, WLAN, WMAN, and WRAN. It also provides interoperability and scalability solutions through oneMPOWER platform; and common interface to multiple service providers. The company's patented technologies are used in various products, including mobile devices comprising cellular phones, tablets, notebook computers, and wireless personal digital assistants; wireless infrastructure equipment consisting of base stations; components, dongles, and modules for wireless devices; and Internet of Things devices and software platforms. As of December 31, 2017, it had a portfolio of approximately 19,000 patents and patent applications related to the fundamental technologies that enable wireless communications. InterDigital, Inc. was founded in 1972 and is headquartered in Wilmington, Delaware.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Patent owners & lessors
Sub-IndustryCommunications Equipment
SectorComputer and Technology
Current SymbolNASDAQ:IDCC
Previous Symbol
CUSIP45867G10
Phone302-281-3600
Debt
Debt-to-Equity Ratio0.31
Current Ratio4.06
Quick Ratio4.06
Price-To-Earnings
Trailing P/E Ratio11.84
Forward P/E Ratio35.52
P/E Growth2.37
Sales & Book Value
Annual Sales$532.94 million
Price / Sales4.56
Cash Flow$8.2673 per share
Price / Cash Flow8.68
Book Value$25.15 per share
Price / Book2.85
Profitability
EPS (Most Recent Fiscal Year)$6.06
Net Income$174.29 million
Net Margins26.19%
Return on Equity17.50%
Return on Assets10.06%
Miscellaneous
Employees350
Outstanding Shares33,840,000
Market Cap$2.43 billion
OptionableOptionable
InterDigital (NASDAQ:IDCC) Frequently Asked Questions
What is InterDigital's stock symbol?
InterDigital trades on the NASDAQ under the ticker symbol "IDCC."
How often does InterDigital pay dividends? What is the dividend yield for InterDigital?
InterDigital declared a quarterly dividend on Tuesday, December 11th. Shareholders of record on Wednesday, January 9th will be given a dividend of $0.35 per share on Wednesday, January 23rd. This represents a $1.40 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date is Tuesday, January 8th. View InterDigital's Dividend History.
How will InterDigital's stock buyback program work?
InterDigital declared that its Board of Directors has authorized a share repurchase program on Friday, September 15th 2017, which permits the company to buyback $100,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase up to 4.1% of its shares through open market purchases. Shares buyback programs are often an indication that the company's board believes its shares are undervalued.
How were InterDigital's earnings last quarter?
InterDigital, Inc. (NASDAQ:IDCC) released its quarterly earnings data on Thursday, November, 1st. The Wireless communications provider reported $0.60 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.24 by $0.36. The Wireless communications provider earned $75.08 million during the quarter, compared to analysts' expectations of $72.59 million. InterDigital had a net margin of 26.19% and a return on equity of 17.50%. The business's revenue was down 22.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.00 EPS. View InterDigital's Earnings History.
When is InterDigital's next earnings date?
What price target have analysts set for IDCC?
4 Wall Street analysts have issued 1-year target prices for InterDigital's shares. Their forecasts range from $87.00 to $104.00. On average, they anticipate InterDigital's stock price to reach $96.00 in the next twelve months. This suggests a possible upside of 33.8% from the stock's current price. View Analyst Price Targets for InterDigital.
What is the consensus analysts' recommendation for InterDigital?
4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for InterDigital in the last year. There are currently 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for InterDigital.
What are Wall Street analysts saying about InterDigital stock?
Here are some recent quotes from research analysts about InterDigital stock:
- 1. According to Zacks Investment Research, "Given InterDigital’s international presence, its business is exposed to macroeconomic risks. The company’s high investment in R&D projects might affect its profitability in the coming quarters. Also, the decline in return on capital despite rise in the company’s capital spending and capitalized patent costs remain a cause of concern. In the past couple of months, the analyst community has taken a bearish stance on InterDigital. Moreover, over the past year, the company has underperformed the industry on average. This apart, ongoing tensions between the United States and China due to trade restrictions imposed on the sale of communication equipment and technology solutions to Chinese firms are likely to hurt the industry's credibility and induce loss for the business. However, the company’s global footprint, diversified product portfolio and the ability to penetrate in different markets are commendable." (10/3/2018)
- 2. National Securities analysts commented, "We are initiating coverage of InterDigital, Inc. with a BUY rating and $103 price target.
IDCC has a long track record of successful wireless standards technology development and monetization, and progress continues with 5G.
IDCC is pursuing a multi-layer strategy to benefit from the proliferation of IoT.
The pending acquisition of Technicolor’s IP assets could lift revenue and earnings. " (7/23/2018)
Has InterDigital been receiving favorable news coverage?
News articles about IDCC stock have trended somewhat positive recently, InfoTrie reports. The research group ranks the sentiment of press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. InterDigital earned a daily sentiment score of 1.0 on InfoTrie's scale. They also assigned media headlines about the Wireless communications provider a news buzz of 4.0 out of 10, meaning that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future.
Who are some of InterDigital's key competitors?
Some companies that are related to InterDigital include Dolby Laboratories (DLB), TiVo (TIVO), Liberty Tax (TAXA), Digital Turbine (APPS), Acacia Research (ACTG), Quarterhill (QTRH), Joint (JYNT), Finjan (FNJN), Research Frontiers (REFR), XCel Brands (XELB), Marathon Patent Group (MARA), ARC Group (ARCK), Spherix (SPEX), MGT Capital Investments (MGTI) and XpresSpa Group (XSPA).
Who are InterDigital's key executives?
InterDigital's management team includes the folowing people:
- Mr. William J. Merritt, Pres, CEO & Director (Age 59)
- Mr. Richard J. Brezski, CFO & Treasurer (Age 45)
- Mr. Kai Olavi Öistämö, Chief Operating Officer (Age 54)
- Ms. Jannie K. Lau, Chief Legal Officer, Gen. Counsel & Corp. Sec. (Age 42)
- Mr. Jeffrey K. Belk, Exec. VP of Bus. Devel. & Pres of the InterDigital China (Age 55)
Who are InterDigital's major shareholders?
InterDigital's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (9.57%), Vanguard Group Inc (9.57%), Dimensional Fund Advisors LP (3.30%), First Pacific Advisors LP (1.52%), Renaissance Technologies LLC (1.38%) and Morgan Stanley (1.07%). Company insiders that own InterDigital stock include James J Nolan, Jannie K Lau, Jeffrey K Belk, Lawrence F Shay, Richard Brezski, Scott A Mcquilkin, Stewart D Hutcheson and William J Merritt. View Institutional Ownership Trends for InterDigital.
Which institutional investors are selling InterDigital stock?
IDCC stock was sold by a variety of institutional investors in the last quarter, including TIAA CREF Investment Management LLC, First Pacific Advisors LP, BTIM Corp., First Trust Advisors LP, Dupont Capital Management Corp, James Investment Research Inc., AQR Capital Management LLC and Panagora Asset Management Inc.. Company insiders that have sold InterDigital company stock in the last year include James J Nolan, Jannie K Lau, Jeffrey K Belk, Scott A Mcquilkin, Stewart D Hutcheson and William J Merritt. View Insider Buying and Selling for InterDigital.
Which institutional investors are buying InterDigital stock?
IDCC stock was acquired by a variety of institutional investors in the last quarter, including Vanguard Group Inc, Vanguard Group Inc., Dimensional Fund Advisors LP, Capital Fund Management S.A., Renaissance Technologies LLC, Morgan Stanley, Prudential Financial Inc. and Skandinaviska Enskilda Banken AB publ. View Insider Buying and Selling for InterDigital.
How do I buy shares of InterDigital?
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, Scottrade, Fidelity and Charles Schwab.
What is InterDigital's stock price today?
One share of IDCC stock can currently be purchased for approximately $71.76.
How big of a company is InterDigital?
InterDigital has a market capitalization of $2.43 billion and generates $532.94 million in revenue each year. The Wireless communications provider earns $174.29 million in net income (profit) each year or $6.06 on an earnings per share basis. InterDigital employs 350 workers across the globe.
What is InterDigital's official website?
How can I contact InterDigital?
InterDigital's 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]
MarketBeat Community Rating for InterDigital (NASDAQ IDCC)
MarketBeat's community ratings are surveys of what our community members think about InterDigital 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.
