InterDigital - IDCC Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for InterDigital in the last year. There are currently 1 sell rating for the stock. The consensus among Wall Street equities research analysts is that investors should "sell" IDCC shares.
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1 Wall Street analysts have issued twelve-month price objectives for InterDigital's stock. Their IDCC share price forecasts range from $60.00 to $60.00. On average, they expect the company's share price to reach $60.00 in the next twelve months. This suggests a possible upside of 23.8% 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 32.3% and is now trading at $48.48.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 16th 2023.
View our IDCC earnings forecast.

InterDigital, Inc. (NASDAQ:IDCC) issued its earnings results on Thursday, November, 3rd. The Wireless communications provider reported $0.74 EPS for the quarter, topping analysts' consensus estimates of $0.44 by $0.30. The Wireless communications provider had revenue of $114.76 million for the quarter, compared to analysts' expectations of $113.50 million. InterDigital had a net margin of 18.38% and a trailing twelve-month return on equity of 11.47%.

InterDigital declared a quarterly dividend on Friday, December 2nd. Shareholders of record on Wednesday, January 11th will be paid a dividend of $0.35 per share on Wednesday, January 25th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date is Tuesday, January 10th.
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 2.88%. The dividend payout ratio is 51.66%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, IDCC will have a dividend payout ratio of 47.30% 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 fourth quarter 2022 earnings guidance on Thursday, November, 10th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $98.00 million-$102.00 million, compared to the consensus revenue estimate of $107.08 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 a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (17.01%), Vanguard Group Inc. (11.51%), State Street Corp (3.68%), Dimensional Fund Advisors LP (3.25%), Disciplined Growth Investors Inc. MN (2.69%) and Renaissance Technologies LLC (2.47%). 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 $48.48.

InterDigital (NASDAQ:IDCC) has a market capitalization of $1.44 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 $2.71 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.