InterDigital Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for InterDigital in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" InterDigital stock.
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Wall Street analysts have given InterDigital a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but InterDigital wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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InterDigital saw a decline in short interest in July. As of July 15th, there was short interest totaling 1,650,000 shares, a decline of 16.7% from the June 30th total of 1,980,000 shares. Based on an average daily trading volume, of 237,700 shares, the short-interest ratio is presently 6.9 days. Approximately 5.5% of the shares of the stock are short sold.
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InterDigital is scheduled to release its next quarterly earnings announcement on Thursday, August 5th 2021.
View our earnings forecast for InterDigital.

InterDigital will be holding an earnings conference call on Thursday, August 5th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

InterDigital, Inc. (NASDAQ:IDCC) posted its earnings results on Thursday, May, 6th. The Wireless communications provider reported $0.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of ($0.01) by $0.19. The Wireless communications provider had revenue of $82.36 million for the quarter, compared to analysts' expectations of $79.97 million. InterDigital had a trailing twelve-month return on equity of 4.07% and a net margin of 13.76%. InterDigital's quarterly revenue was up 8.1% on a year-over-year basis.
View InterDigital's earnings history.

InterDigital's stock was trading at $45.57 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, IDCC stock has increased by 44.2% and is now trading at $65.73.
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InterDigital announced a quarterly dividend on Thursday, June 3rd. Shareholders of record on Wednesday, July 14th will be given a dividend of $0.35 per share on Wednesday, July 28th. This represents a $1.40 annualized dividend and a yield of 2.13%. The ex-dividend date is Tuesday, July 13th.
View InterDigital's dividend history.

InterDigital pays an annual dividend of $1.40 per share and currently has a dividend yield of 2.15%. InterDigital does not yet have a strong track record of dividend growth. The dividend payout ratio of InterDigital is 97.22%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, InterDigital will have a dividend payout ratio of 72.16% next year. This indicates that InterDigital will be able to sustain or increase its dividend.
View InterDigital's dividend history.

InterDigital issued an update on its second quarter 2021 earnings guidance on Tuesday, June, 29th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $83 million-$88 million, compared to the consensus revenue estimate of $79.62 million.

2 Wall Street analysts have issued 1-year price targets for InterDigital's shares. Their forecasts range from $123.00 to $123.00. On average, they anticipate InterDigital's stock price to reach $123.00 in the next twelve months. This suggests a possible upside of 87.1% from the stock's current price.
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43 employees have rated InterDigital CEO William J. Merritt on Glassdoor.com. William J. Merritt has an approval rating of 68% among InterDigital's employees.

Some companies that are related to InterDigital include Cisco Systems (CSCO), QUALCOMM (QCOM), Palo Alto Networks (PANW), Motorola Solutions (MSI), F5 Networks (FFIV), Juniper Networks (JNPR), Ciena (CIEN), Viasat (VSAT), Calix (CALX), EchoStar (SATS), Infinera (INFN), Extreme Networks (EXTR), ADTRAN (ADTN), Ribbon Communications (RBBN) and NETGEAR (NTGR).
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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), (CELG), 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 of Alaska Department of Revenue (0.07%), Oregon Public Employees Retirement Fund (0.04%) and Cardinal Capital Management (0.03%). Company insiders that own InterDigital stock include Jean F Rankin, John A Kritzmacher, John D Jr Markley and Philip P Trahanas.
View institutional ownership trends for InterDigital.

IDCC stock was bought by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, Oregon Public Employees Retirement Fund, and Cardinal Capital Management.
View insider buying and selling activity for InterDigital or or view top insider-buying stocks.

Shares of IDCC 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 $65.73.

InterDigital has a market capitalization of $2.02 billion and generates $358.99 million in revenue each year. The Wireless communications provider earns $44.80 million in net income (profit) each year or $1.44 on an earnings per share basis.

InterDigital employs 514 workers across the globe.

InterDigital was founded in 1972.

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

InterDigital is headquartered at 200 BELLEVUE PARKWAY SUITE 300, WILMINGTON DE, 19809.

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]