InterDigital Company Profile (NASDAQ:IDCC)

About InterDigital (NASDAQ:IDCC)

InterDigital, Inc. designs and develops technologies for wireless communications. The Company is focused on three technology areas: cellular wireless technology, Internet of things (IoT) technology, and, through its Hillcrest Laboratories, Inc. (Hillcrest Labs) subsidiary, sensor and sensor fusion technology. It offers a range of technologies that are used in digital cellular and wireless products and networks, including second generation (2G), third generation (3G), fourth generation (4G) and IEEE 802-related products and networks. Products incorporating its inventions include mobile devices, such as cellular phones, tablets, notebook computers and wireless personal digital assistants; wireless infrastructure equipment, such as base stations; components, dongles and modules for wireless devices, and IoT devices and software platforms. The Company is developing a range of technologies in the areas of video compression and delivery, security, analytics, and other areas.

Industry, Sector and Symbol:

Sector: Computer and Technology
Industry: Communications & Networking
Sub-Industry: Communications Equipment
Symbol: NASDAQ:IDCC
CUSIP: 45867G10
Web: www.interdigital.com

Capitalization:

Market Cap: $2.64 billion
Outstanding Shares: 34,711,000

Average Prices:

50 Day Moving Avg: $72.64
200 Day Moving Avg: $78.33
52 Week Range: $67.55 - $102.30

P/E:

Trailing P/E Ratio: 8.13
Foreward P/E Ratio: 29.12
P/E Growth: 0.76

Sales & Book Value:

Annual Revenue: $712.48 million
Price / Sales: 3.70
Book Value: $22.84 per share
Price / Book: 3.33

Dividend:

Annual Dividend: $1.40
Dividend Yield: 1.9%

Profitability:

EBITDA: $534.85 million
Net Margins: 45.92%
Return on Equity: 44.58%
Return on Assets: 19.04%

Debt:

Debt-to-Equity Ratio: 0.35%
Current Ratio: 3.52%
Quick Ratio: 3.52%

Misc:

Average Volume: 313,498 shs.
Beta: 0.93
Short Ratio: 5.95

Frequently Asked Questions for InterDigital (NASDAQ:IDCC)

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 Friday, September 15th. Shareholders of record on Wednesday, October 11th will be given a dividend of $0.35 per share on Wednesday, October 25th. This represents a $1.40 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date is Tuesday, October 10th. This is a boost from InterDigital's previous quarterly dividend of $0.30. View InterDigital's Dividend History.

How will InterDigital's stock buyback program work?

InterDigital declared that its board has authorized a stock repurchase program on Friday, September 15th 2017, which allows the company to buyback $100,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to buy up to 4.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company's management believes its shares are undervalued.

How were InterDigital's earnings last quarter?

InterDigital, Inc. (NASDAQ:IDCC) announced its earnings results on Thursday, July, 27th. The company reported $1.46 EPS for the quarter, topping the Zacks' consensus estimate of $1.41 by $0.05. The business had revenue of $135.78 million for the quarter, compared to the consensus estimate of $133.69 million. InterDigital had a return on equity of 44.58% and a net margin of 45.92%. The firm's revenue for the quarter was up 78.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.14 earnings per share. View InterDigital's Earnings History.

When will InterDigital make its next earnings announcement?

InterDigital is scheduled to release their next quarterly earnings announcement on Thursday, October, 26th 2017. View Earnings Estimates for InterDigital.

Where is InterDigital's stock going? Where will InterDigital's stock price be in 2017?

4 brokerages have issued 1-year target prices for InterDigital's stock. Their predictions range from $86.00 to $100.00. On average, they anticipate InterDigital's share price to reach $91.33 in the next year. View Analyst Ratings for InterDigital.

Who are some of InterDigital's key competitors?

Some companies that are related to InterDigital include EchoStar Corporation (SATS), ARRIS International PLC (ARRS), Brocade Communications Systems (BRCD), ViaSat (VSAT), Belden (BDC), Lumentum Holdings (LITE), Ciena Corporation (CIEN), Finisar Corporation (FNSR), Viavi Solutions (VIAV), West Corp (WSTC), Acacia Communications (ACIA), Plantronics (PLT), Oclaro (OCLR), Infinera Corporation (INFN), ADTRAN (ADTN), Vocera Communications (VCRA), Applied Optoelectronics (AAOI) and Sierra Wireless (SWIR).

Who are InterDigital's key executives?

InterDigital's management team includes the folowing people:

William J. Merritt, President, Chief Executive Officer, Director
Richard J. Brezski, Chief Financial Officer, Treasurer
Jannie K. Lau, Executive Vice President, General Counsel, Secretary
Scott A. McQuilkin, Senior Executive Vice President - Innovation
James J. Nolan, Executive Vice President - IoT Solutions
Lawrence F. Shay, Senior Executive Vice President - Future Wireless, Chief Intellectual Property Counsel
Jeffrey K. Belk, Independent Director
Joan H. Gillman, Independent Director
S. Douglas Hutcheson, Independent Director
John A. Kritzmacher, Independent Director

How do I buy InterDigital stock?

Shares of InterDigital can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is InterDigital's stock price today?

One share of InterDigital stock can currently be purchased for approximately $76.00.

MarketBeat Community Rating for InterDigital (NASDAQ IDCC)

Community Ranking:		2.3 out of 5 ( )
Outperform Votes:		186 (Vote Outperform)
Underperform Votes:		222 (Vote Underperform)
Total Votes:		408

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

Consensus Ratings for InterDigital (NASDAQ:IDCC) (How are Consensus Ratings Calculated?)

Ratings Breakdown:	2 Hold Ratings, 2 Buy Ratings
Consensus Rating:	Buy (Score: 2.50)
Consensus Price Target:	$91.33 (20.18% upside)

Consensus Price Target History for InterDigital (NASDAQ:IDCC)

Analysts' Ratings History for InterDigital (NASDAQ:IDCC)

Show:

Date	Firm	Action	Rating	Price Target	Impact on Share Price
8/28/2017	B. Riley	Reiterated Rating	Buy	$100.00	Low
8/8/2017	Sidoti	Upgrade	Neutral -> Buy		High
4/25/2017	Benchmark Co.	Initiated Coverage	Hold -> Hold		Low
2/24/2017	Barclays PLC	Reiterated Rating	Equal Weight -> Equal Weight	$94.00 -> $88.00	N/A
10/5/2016	Dougherty & Co	Downgrade	Buy -> Neutral		N/A

(Data available from 10/18/2015 forward)

Earnings History for InterDigital (NASDAQ:IDCC)

Earnings by Quarter for InterDigital (NASDAQ:IDCC)

Earnings History by Quarter for InterDigital (NASDAQ IDCC)

Date	Quarter	Consensus Estimate	Actual EPS	Revenue Estimate	Actual Revenue	Release Link	Conference Call
10/26/2017		$0.66					N/A
7/27/2017	Q2 2017	$1.41	$1.46	$133.69 million	$135.78 million	View	N/A
4/27/2017	Q1 2017	$0.71	$0.93	$92.90 million	$94.53 million	View	N/A
2/23/2017	Q416	$3.84	$3.85	$262.57 million	$273.90 million	View	N/A
10/27/2016	Q316	$3.01	$2.99	$210.68 million	$208.30 million	View	Listen
8/2/2016	Q216	$0.31	$1.14	$76.60 million	$75.90 million	View	N/A
4/28/2016	Q116	$0.78	$0.79	$101.36 million	$107.80 million	View	Listen
2/18/2016	Q415	$0.72	$0.92	$103.23 million	$112.10 million	View	Listen
10/30/2015	Q315	$0.24	$0.68	$79.04 million	$100.40 million	View	Listen
7/30/2015	Q215	$0.78	$0.89	$108.27 million	$118.55 million	View	Listen
4/29/2015	Q115	$0.77	$0.84	$108.65 million	$110.38 million	View	Listen
2/19/2015	Q414	$0.36	$0.36	$85.90 million	$86.10 million	View	Listen
10/30/2014	Q314	$0.20	$0.34	$70.90 million	$77.60 million	View	N/A
8/7/2014	Q214	$2.13	$1.93	$192.30 million	$194.20 million	View	N/A
5/1/2014	Q114	($0.16)	($0.05)	$56.60 million	$57.84 million	View	N/A
2/20/2014	Q413	$0.30	$0.35	$81.60 million	$9.70 million	View	N/A
10/31/2013	Q313	$0.01	$0.64	$51.79 million	$110.60 million	View	N/A
7/25/2013	Q2 2013	$0.15	$0.22	$68.18 million	$67.70 million	View	N/A
4/25/2013	Q1 2013	($0.20)	($0.30)	$46.90 million	$46.91 million	View	N/A
2/20/2013	Q4 2012	$0.06	$0.38	$61.17 million	$87.90 million	View	N/A
10/24/2012		$5.61	$5.56			View	N/A
7/25/2012		$0.30	$0.22			View	N/A
4/25/2012		$0.30	$0.24			View	N/A
2/23/2012		$0.46	$0.49			View	N/A
4/27/2011		$0.49	$0.51			View	N/A
2/23/2011		$0.79	$0.76			View	N/A

(Data available from 1/1/2011 forward)

Earnings Estimates for InterDigital (NASDAQ:IDCC)

2017 EPS Consensus Estimate: $3.57
2018 EPS Consensus Estimate: $2.71

Quarter	Number of Estimates	Low Estimate	High Estimate	Average Estimate
Q1 2017	2	$0.74	$1.11	$0.93
Q2 2017	2	$1.33	$1.34	$1.34
Q3 2017	2	$0.60	$0.74	$0.67
Q4 2017	2	$0.62	$0.65	$0.64
Q1 2018	2	$0.53	$0.74	$0.64
Q2 2018	2	$0.53	$0.62	$0.58
Q3 2018	2	$0.53	$0.87	$0.70
Q4 2018	2	$0.70	$0.89	$0.80

(Data provided by Zacks Investment Research)

Current Dividend Information for InterDigital (NASDAQ:IDCC)

Next Dividend:	10/25/2017
Annual Dividend:	$1.40
Dividend Yield:	1.84%
Payout Ratio:	15.17% (Trailing 12 Months of Earnings) 38.78% (Based on This Year's Estimates) 53.64% (Based on Next Year's Estimates)

Dividend Payments by Quarter for InterDigital (NASDAQ:IDCC)

Dividend History by Quarter for InterDigital (NASDAQ IDCC)

Announced	Period	Amount	Yield	Ex-Dividend Date	Record Date	Payable Date
9/15/2017	quarterly	$0.35	1.88%	10/10/2017	10/11/2017	10/25/2017
6/16/2017	quarterly	$0.30	1.51%	7/10/2017	7/12/2017	7/26/2017
3/29/2017	Quarterly	$0.30	1.4%	4/10/2017	4/12/2017	4/26/2017
12/9/2016	quarterly	$0.30	1.41%	1/9/2017	1/11/2017	1/25/2017
9/22/2016	quarterly	$0.30	1.51%	10/7/2016	10/12/2016	10/26/2016
6/10/2016	quarterly	$0.20	1.36%	7/11/2016	7/13/2016	7/27/2016
3/31/2016	quarterly	$0.20	1.44%	4/11/2016	4/13/2016	4/27/2016
12/11/2015	quarterly	$0.20	1.62%	1/11/2016	1/13/2016	1/27/2016
9/24/2015	quarterly	$0.20	1.66%	10/9/2015	10/14/2015	10/28/2015
6/12/2015	quarterly	$0.20	1.34%	7/6/2015	7/8/2015	7/22/2015
3/12/2015	quarterly	$0.20	1.5%	4/13/2015	4/15/2015	4/29/2015
12/5/2014	quarterly	$0.20	1.56%	1/12/2015	1/14/2015	1/28/2015
9/12/2014	quarterly	$0.20	1.89%	10/6/2014	10/8/2014	10/22/2014
6/12/2014	quarterly	$0.20	1.78%	7/7/2014	7/9/2014	7/23/2014
3/6/2014	quarterly	$0.10	1.23%	4/7/2014	4/9/2014	4/23/2014
12/16/2013	quarterly	$0.10	1.25%	1/6/2014	1/8/2014	1/22/2014
9/12/2013	quarterly	$0.10	1.07%	10/7/2013	10/9/2013	10/23/2013
6/12/2013	quarterly	$0.10	0.86%	7/8/2013	7/10/2013	7/24/2013
3/15/2013	quarterly	$0.10	0.86%	4/8/2013	4/10/2013	4/24/2013
12/5/2012	special	$1.50			12/17/2012	12/28/2012

(Data available from 1/1/2013 forward)

Insider Trading and Institutional Ownership History for InterDigital (NASDAQ:IDCC)

Insider Ownership Percentage: 1.90%
Institutional Ownership Percentage: 71.01%

Institutional Ownership by Quarter for InterDigital (NASDAQ:IDCC)

Insider Trades by Quarter for InterDigital (NASDAQ:IDCC)

Transaction Date	Insider Name	Title	Buy/Sell	Number of Shares	Average Share Price	Total Transaction
9/29/2017	Scott A Mcquilkin	EVP	Sell	500	$75.00	$37,500.00
8/7/2017	James J Nolan	EVP	Sell	2,294	$71.30	$163,562.20
6/30/2017	Scott A Mcquilkin	EVP	Sell	500	$79.15	$39,575.00
6/9/2017	Jeffrey K Belk	Director	Sell	800	$84.39	$67,512.00
5/12/2017	Lawrence F Shay	EVP	Sell	8,000	$85.88	$687,040.00
5/8/2017	James J Nolan	EVP	Sell	8,596	$83.83	$720,602.68
3/31/2017	Scott A Mcquilkin	EVP	Sell	500	$85.75	$42,875.00
3/20/2017	Richard Brezski	CFO	Sell	10,000	$84.93	$849,300.00
3/20/2017	William J Merritt	Insider	Sell	2,000	$84.92	$169,840.00
1/24/2017	William J Merritt	CEO	Sell	9,000	$90.06	$810,540.00
1/23/2017	William J Merritt	CEO	Sell	9,000	$88.32	$794,880.00
1/20/2017	Jeffrey K Belk	Director	Sell	2,773	$88.70	$245,965.10
1/20/2017	Lawrence F Shay	EVP	Sell	7,157	$88.70	$634,825.90
10/31/2016	Richard Brezski	CFO	Sell	6,807	$70.00	$476,490.00
10/12/2016	Robert S Roath	Director	Sell	6,901	$77.34	$533,723.34
10/10/2016	Jannie K Lau	EVP	Sell	2,010	$78.35	$157,483.50
10/10/2016	William J Merritt	Insider	Sell	5,000	$78.35	$391,750.00
6/13/2016	Jean F Rankin	Director	Sell	950	$58.36	$55,442.00
6/8/2016	Jannie K Lau	EVP	Sell	6,132	$59.50	$364,854.00
3/30/2016	Lawrence F Shay	EVP	Sell	4,233	$55.00	$232,815.00
2/23/2016	William J Merritt	CEO	Sell	5,000	$50.00	$250,000.00
7/16/2015	Jannie K Lau	EVP	Sell	1,604	$57.50	$92,230.00
6/19/2015	Robert S Roath	Director	Sell	7,992	$59.31	$474,005.52
6/1/2015	William J Merritt	CEO	Sell	5,000	$59.50	$297,500.00
2/27/2015	John A Kritzmacher	Director	Sell	2,000	$52.56	$105,120.00
1/2/2015	Lawrence F Shay	VP	Sell	7,036	$52.31	$368,053.16
12/29/2014	Jannie K Lau	EVP	Sell	2,295	$54.17	$124,320.15
12/22/2014	Jeffrey K Belk	Director	Sell	2,400	$53.63	$128,712.00
12/18/2014	William J Merritt	CEO	Sell	5,000	$53.36	$266,800.00
10/31/2014	John A Kritzmacher	Director	Sell	2,000	$49.38	$98,760.00
8/12/2014	John A Kritzmacher	Director	Sell	2,000	$43.24	$86,480.00
7/15/2014	Edward Kamins	Director	Sell	7,000	$46.78	$327,460.00
7/14/2014	Lawrence F Shay	VP	Sell	6,057	$46.58	$282,135.06
7/30/2013	John A Kritzmacher	Director	Sell	2,000	$40.00	$80,000.00
11/12/2012	William J Merritt	CEO	Sell	2,644	$42.00	$111,048.00

(Data available from 1/1/2013 forward)

Headline Trends for InterDigital (NASDAQ:IDCC) Latest Headlines for InterDigital (NASDAQ:IDCC)

Source:

Date	Headline
	InterDigital Joins 4iP Council finance.yahoo.com - October 18 at 12:31 AM
	InterDigital and u-blox AG Extend Patent License Agreement finance.yahoo.com - October 18 at 12:31 AM
	InterDigital: In A Position To Capitalize On IoT seekingalpha.com - October 13 at 7:34 PM
	InterDigital Announces Date for Third Quarter 2017 Financial Results - GlobeNewswire (press release) globenewswire.com - October 10 at 7:08 PM
	InterDigital Announces Date for Third Quarter 2017 Financial Results finance.yahoo.com - October 10 at 7:08 PM
	Dividend Coverage: This Wireless R&D Company raised its Dividend by 16.7%; Will Trade Ex-Dividend on October 10, 2017 finance.yahoo.com - October 6 at 8:15 PM
	Boston, Chicago and Atlanta Top List of Cities Poised to Benefit Most From Smart City Tech finance.yahoo.com - October 5 at 10:25 AM
	InterDigital, Inc. (IDCC) Receives Average Rating of "Hold" from Analysts www.americanbankingnews.com - October 4 at 6:52 AM
	Insider Selling: InterDigital, Inc. (IDCC) EVP Sells 500 Shares of Stock www.americanbankingnews.com - October 2 at 8:02 PM
	InterDigital Launches Chordant Business, a Bridge to the Smart Future - GlobeNewswire (press release) globenewswire.com - October 2 at 1:20 PM
	InterDigital Launches Chordant Business, a Bridge to the Smart Future finance.yahoo.com - October 2 at 1:20 PM
	InterDigital Expands Footprint in Europe With Opening of Berlin Office finance.yahoo.com - September 23 at 12:13 AM
	InterDigital Expands Footprint in Europe With Opening of Berlin Office - GlobeNewswire (press release) globenewswire.com - September 22 at 2:10 PM
	Is InterDigital Inc’s (IDCC) ROE Of 48.71% Sustainable? finance.yahoo.com - September 20 at 9:09 PM
	InterDigital (IDCC) Presents At Dougherty And Company Institutional Investor Conference - Slideshow seekingalpha.com - September 20 at 4:06 PM
	InterDigital, Inc. – Value Analysis (NASDAQ:IDCC) : September 20, 2017 finance.yahoo.com - September 20 at 12:49 AM
	ETFs with exposure to InterDigital, Inc. : September 20, 2017 finance.yahoo.com - September 20 at 12:49 AM
	Today's Research Reports on Stocks to Watch: InterDigital and NetEase finance.yahoo.com - September 18 at 7:16 PM
	InterDigital, Inc. breached its 50 day moving average in a Bullish Manner : IDCC-US : September 18, 2017 finance.yahoo.com - September 18 at 7:16 PM
	Notable Friday Option Activity: IDCC, BMY, TCS - Nasdaq www.nasdaq.com - September 16 at 1:27 AM
	InterDigital, Inc. (IDCC) Raises Dividend to $0.35 Per Share www.americanbankingnews.com - September 15 at 5:52 PM
	InterDigital up after adding $100M to share repurchase program seekingalpha.com - September 15 at 11:38 AM
	Stock Buyback Plan Authorized by InterDigital (IDCC) www.americanbankingnews.com - September 15 at 11:18 AM
	InterDigital Announces Increases of Regular Quarterly Cash Dividend and Stock Buyback Authorization feeds.benzinga.com - September 14 at 5:59 PM
	Reviewing Harmonic (HLIT) and InterDigital (IDCC) www.americanbankingnews.com - September 14 at 6:06 AM
	InterDigital to Present at Dougherty & Company Institutional Investor Conference - GlobeNewswire (press release) globenewswire.com - September 13 at 1:16 AM
	InterDigital to Present at Dougherty & Company Institutional Investor Conference feeds.benzinga.com - September 11 at 6:30 PM
	InterDigital, Inc. (IDCC) Receives Average Recommendation of "Hold" from Brokerages www.americanbankingnews.com - September 9 at 6:26 AM
	InterDigital, Inc. (IDCC) Given "Buy" Rating at B. Riley www.americanbankingnews.com - August 28 at 6:32 AM
	InterDigital (IDCC) Reports Revenue Guidance for 3Q17 seekingalpha.com - August 24 at 7:50 AM
	New Strong Buy Stocks for August 23rd finance.yahoo.com - August 24 at 7:50 AM
	InterDigital, Inc. : IDCC-US: Dividend Analysis : July 12th, 2017 (record date) : By the numbers : August 23, 2017 finance.yahoo.com - August 24 at 7:50 AM
	ETFs with exposure to InterDigital, Inc. : August 23, 2017 finance.yahoo.com - August 24 at 7:50 AM
	InterDigital Issues Revenue Guidance for Third Quarter 2017 - GlobeNewswire (press release) globenewswire.com - August 23 at 1:12 AM
	InterDigital Issues Revenue Guidance for Third Quarter 2017 finance.yahoo.com - August 22 at 8:11 PM
	FY2018 EPS Estimates for InterDigital, Inc. Raised by Dougherty & Co (IDCC) www.americanbankingnews.com - August 21 at 8:32 AM
	See what the IHS Markit Score report has to say about InterDigital Inc. finance.yahoo.com - August 18 at 7:37 PM
	Dougherty & Co Brokers Lift Earnings Estimates for InterDigital, Inc. (IDCC) www.americanbankingnews.com - August 18 at 6:42 AM
	InterDigital, Inc. (IDCC) Receives Average Rating of "Hold" from Brokerages www.americanbankingnews.com - August 15 at 6:50 AM
	InterDigital Announces World's First Successful Mobile Edge Computing 5G Network Architecture Trial - GlobeNewswire (press release) globenewswire.com - August 15 at 3:09 AM
	InterDigital Announces World’s First Successful Mobile Edge Computing 5G Network Architecture Trial finance.yahoo.com - August 14 at 10:07 PM
	Don't Let InterDigital Slip Through Your Fingers - Seeking Alpha seekingalpha.com - August 11 at 8:13 PM
	IHS Markit Score upgrades InterDigital Inc to 38 out of 100, despite ranking positively in only one IHS Markit category. finance.yahoo.com - August 11 at 8:13 PM
	ETFs with exposure to InterDigital, Inc. : August 11, 2017 finance.yahoo.com - August 11 at 8:13 PM
	RSI Alert: Interdigital Now Oversold - Nasdaq www.nasdaq.com - August 9 at 7:59 PM
	IHS Markit Score downgrades InterDigital Inc to 32 out of 100, ranking positively in only one out of three available IHS Markit categories. finance.yahoo.com - August 9 at 7:59 PM
	InterDigital, Inc. (NASDAQ:IDCC) EVP Sells $163,562.20 in Stock www.americanbankingnews.com - August 8 at 8:10 PM
	InterDigital to Present at the 20th Annual Oppenheimer & Co. Technology, Internet & Communications Conference finance.yahoo.com - August 1 at 12:10 AM
	InterDigital Joins 5TONIC Lab - GlobeNewswire (press release) globenewswire.com - July 31 at 7:08 PM
	InterDigital Joins 5TONIC Lab finance.yahoo.com - July 31 at 4:15 AM