InterDigital - IDCC Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for InterDigital in the last twelve months. There are currently 1 sell rating and 1 buy rating for the stock. The consensus among Wall Street equities 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.
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2 brokers have issued 1-year price objectives for InterDigital's shares. Their IDCC share price forecasts range from $60.00 to $87.00. On average, they expect the company's stock price to reach $73.50 in the next year. This suggests a possible upside of 72.8% 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 $71.63 on January 1st, 2022. Since then, IDCC shares have decreased by 40.6% and is now trading at $42.54.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our IDCC earnings forecast.

InterDigital, Inc. (NASDAQ:IDCC) posted its earnings results on Thursday, November, 4th. The Wireless communications provider reported $0.83 earnings per share for the quarter, topping analysts' consensus estimates of $0.38 by $0.45. The Wireless communications provider earned $143.50 million during the quarter, compared to analysts' expectations of $120.27 million. InterDigital had a net margin of 18.11% and a trailing twelve-month return on equity of 11.88%. InterDigital's quarterly revenue was up 64.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.17 earnings per share.

InterDigital declared a quarterly dividend on Thursday, September 8th. Investors of record on Wednesday, October 12th will be paid a dividend of $0.35 per share on Wednesday, October 26th. This represents a $1.40 annualized dividend and a dividend yield of 3.29%. The ex-dividend date of this dividend is Tuesday, October 11th.
Read our dividend analysis for IDCC.

InterDigital (NASDAQ:IDCC) pays an annual dividend of $1.40 per share and currently has a dividend yield of 3.26%. The dividend payout ratio is 50.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, IDCC will have a dividend payout ratio of 41.92% 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 third quarter 2022 earnings guidance on Thursday, August, 25th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $96.00 million-$100.00 million, compared to the consensus revenue estimate of $102.31 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 many different institutional and retail investors. Top institutional shareholders include State Street Corp (3.70%), Renaissance Technologies LLC (2.81%), Boston Trust Walden Corp (1.32%), Millennium Management LLC (1.25%), Northern Trust Corp (1.19%) and Capital Management Corp VA (0.89%). Insiders that own company stock include Eeva K Hakoranta, Jean F Rankin, John A Kritzmacher, John D Jr Markley, Philip P Trahanas and Pierre-Yves Lesaicherre.
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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 $42.54.

InterDigital (NASDAQ:IDCC) has a market capitalization of $1.26 billion and generates $425.41 million in revenue each year. The Wireless communications provider earns $55.29 million in net income (profit) each year or $2.80 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.