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NASDAQ:IDCC

InterDigital - IDCC Stock Forecast, Price & News

$55.52
+0.03 (+0.05%)
(As of 08/16/2022 12:00 AM ET)
Add
Compare
Today's Range
$54.91
$56.01
50-Day Range
$54.53
$65.69
52-Week Range
$54.43
$74.27
Volume
186,947 shs
Average Volume
212,320 shs
Market Capitalization
$1.65 billion
P/E Ratio
19.83
Dividend Yield
2.52%
Price Target
$73.50

InterDigital MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
32.4% Upside
$73.50 Price Target
Short Interest
Bearish
8.55% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.84mentions of InterDigital in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$246,746 Sold Last Quarter
Proj. Earnings Growth
40.34%
From $2.38 to $3.34 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.78 out of 5 stars

Computer And Technology Sector

104th out of 664 stocks

Patent Owners & Lessors Industry

3rd out of 6 stocks

IDCC stock logo

About InterDigital (NASDAQ:IDCC) Stock

InterDigital, Inc., together with its subsidiaries, designs and develops technologies that enable and enhance wireless communications in the United States, China, South Korea, Japan, Taiwan, and Europe. It provides technology solutions for use in digital cellular and wireless products and networks, including 2G, 3G, 4G, 5G, 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, 4G, and 5G wireless networks, as well as mobile terminal devices; and 3GPP technology portfolio in 5G NR, beyond 5G (B5G), extended reality over wireless, and cellular Internet of Things (IoT) areas, as well as technologies for automobiles, wearables, smart homes, drones, and other connected consumer electronic products. It also provides video coding and transmission technologies; and engages in the research and development of artificial intelligence. The company's patented technologies are used in various products that include cellular phones, tablets, notebook computers, and wireless personal digital assistants; wireless infrastructure equipment, which comprise base stations; components, dongles, and modules for wireless devices; and IoT devices and software platforms. As of December 31, 2021, it had a portfolio of approximately 27,500 patents and patent applications related to wireless communications, video coding, display technology, and other areas. InterDigital, Inc. was incorporated in 1972 and is headquartered in Wilmington, Delaware.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. StockNews.com lowered InterDigital from a "buy" rating to a "hold" rating in a research report on Friday, August 5th. Bank of America began coverage on InterDigital in a research report on Wednesday, August 3rd. They set an "underperform" rating and a $60.00 price objective for the company.

InterDigital Stock Down 0.9 %

IDCC opened at $55.49 on Tuesday. InterDigital has a fifty-two week low of $54.43 and a fifty-two week high of $74.27. The business has a 50-day moving average of $61.19 and a 200-day moving average of $62.36. The company has a debt-to-equity ratio of 0.88, a current ratio of 4.45 and a quick ratio of 4.45. The company has a market capitalization of $1.65 billion, a PE ratio of 19.82, a price-to-earnings-growth ratio of 1.57 and a beta of 0.98.

InterDigital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 27th. Stockholders of record on Wednesday, July 13th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date was Tuesday, July 12th. InterDigital's dividend payout ratio (DPR) is presently 50.00%.

Insider Transactions at InterDigital

In other news, Director Pierre-Yves Lesaicherre sold 1,700 shares of the firm's stock in a transaction dated Friday, August 12th. The stock was sold at an average price of $55.50, for a total transaction of $94,350.00. Following the completion of the sale, the director now directly owns 5,378 shares of the company's stock, valued at approximately $298,479. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Pierre-Yves Lesaicherre sold 1,700 shares of the firm's stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $55.50, for a total value of $94,350.00. Following the transaction, the director now directly owns 5,378 shares of the company's stock, valued at approximately $298,479. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Eeva K. Hakoranta sold 1,595 shares of the firm's stock in a transaction that occurred on Thursday, June 30th. The shares were sold at an average price of $61.44, for a total value of $97,996.80. Following the completion of the transaction, the insider now directly owns 20,608 shares in the company, valued at $1,266,155.52. The disclosure for this sale can be found here. Insiders sold 4,109 shares of company stock valued at $246,746 in the last three months. Corporate insiders own 1.20% of the company's stock.

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IDCC Stock News Headlines

StockNews.com Lowers InterDigital (NASDAQ:IDCC) to Hold
InterDigital (NASDAQ:IDCC) Now Covered by Bank of America
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IDCC Company Calendar

Last Earnings
11/04/2021
Ex-Dividend for 7/27 Dividend
7/12/2022
Dividend Payable
7/27/2022
Today
8/16/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Patent owners & lessors
Sub-Industry
Communications Equipment
Current Symbol
NASDAQ:IDCC
CUSIP
45867G10
Employees
510
Year Founded
1972

Price Target and Rating

Average Stock Price Forecast
$73.50
High Stock Price Forecast
$87.00
Low Stock Price Forecast
$60.00
Forecasted Upside/Downside
+32.4%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
2 Analysts

Profitability

Net Income
$55.29 million
Pretax Margin
23.04%

Debt

Sales & Book Value

Annual Sales
$425.41 million
Cash Flow
$4.31 per share
Book Value
$24.54 per share

Miscellaneous

Free Float
29,301,000
Market Cap
$1.65 billion
Optionable
Optionable
Beta
0.98

Social Links


Key Executives

  • Mr. Lawrence Chen (Age 51)
    Pres, CEO & Director
    Comp: $5.6M
  • Mr. Richard J. Brezski (Age 49)
    Exec. VP, CFO & Treasurer
    Comp: $813.51k
  • Mr. Eric Cohen (Age 64)
    Exec. VP, Chief Strategy & Growth Officer
    Comp: $821.06k
  • Ms. Eeva K. Hakoranta (Age 57)
    Exec. VP & Chief Licensing Officer
    Comp: $799.55k
  • Dr. Rajesh Pankaj
    Exec. VP & CTO
  • Mr. Michael G. Cortino
    Exec. VP & Chief Information Officer
  • Mr. Joshua D. Schmidt (Age 38)
    Exec. VP, Chief Legal Officer & Corp. Sec.
  • Mr. Robert Stien
    Exec. VP & Chief Communications and Public Policy Officer
  • Mr. James J. Nolan (Age 61)
    Exec. VP of Gov. Solutions
  • Ted Naccarella
    Associate Gen. Patent Counsel













IDCC Stock - Frequently Asked Questions

Should I buy or sell InterDigital stock right now?

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.
View IDCC analyst ratings
or view top-rated stocks.

What is InterDigital's stock price forecast for 2022?

2 equities research analysts have issued 12 month price objectives for InterDigital's shares. Their IDCC share price forecasts range from $60.00 to $87.00. On average, they predict the company's stock price to reach $73.50 in the next year. This suggests a possible upside of 32.4% from the stock's current price.
View analysts price targets for IDCC
or view top-rated stocks among Wall Street analysts.

How have IDCC shares performed in 2022?

InterDigital's stock was trading at $71.63 on January 1st, 2022. Since then, IDCC stock has decreased by 22.5% and is now trading at $55.52.
View the best growth stocks for 2022 here
.

When is InterDigital's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our IDCC earnings forecast
.

How were InterDigital's earnings last quarter?

InterDigital, Inc. (NASDAQ:IDCC) released its quarterly earnings data on Thursday, November, 4th. The Wireless communications provider reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.45. The Wireless communications provider had revenue of $143.50 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the business posted $0.17 EPS.

How often does InterDigital pay dividends? What is the dividend yield for InterDigital?

InterDigital declared a quarterly dividend on Wednesday, June 1st. Investors of record on Wednesday, July 13th will be given a dividend of $0.35 per share on Wednesday, July 27th. This represents a $1.40 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date of this dividend is Tuesday, July 12th.
Read our dividend analysis for IDCC
.

Is InterDigital a good dividend stock?

InterDigital (NASDAQ:IDCC) pays an annual dividend of $1.40 per share and currently has a dividend yield of 2.52%. 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.

What guidance has InterDigital issued on next quarter's earnings?

InterDigital issued an update on its third quarter 2022 earnings guidance on Thursday, August, 11th. The company provided earnings per share 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.

What is William J. Merritt's approval rating as InterDigital's CEO?

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.

What other stocks do shareholders of InterDigital own?

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).

What is InterDigital's stock symbol?

InterDigital trades on the NASDAQ under the ticker symbol "IDCC."

Who are InterDigital's major shareholders?

InterDigital's stock is owned by a variety of institutional and retail investors. Top institutional investors 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.
View institutional ownership trends
.

How do I buy shares of InterDigital?

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.
Compare Top Brokerages Here.

What is InterDigital's stock price today?

One share of IDCC stock can currently be purchased for approximately $55.52.

How much money does InterDigital make?

InterDigital (NASDAQ:IDCC) has a market capitalization of $1.65 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.

How many employees does InterDigital have?

The company employs 510 workers across the globe.

Does InterDigital have any subsidiaries?
The following companies are subsidiares of InterDigital: 6GWorld Inc., Chordant Europe Ltd., Chordant France SAS, Chordant Inc., DRNC Holdings Inc., DST Holdings Inc., Hillcrest Labs, IDAC Holdings Inc., IDHL Holdings Inc., IDLR Holdings Inc., IDPA Holdings Inc., IDTP Holdings Inc., IPR Licensing Inc., InterDigital Administrative Solutions Inc., InterDigital Belgium LLC, InterDigital CE Holdings Inc., InterDigital CE Intermediate SAS, InterDigital CE Patent Holdings SAS, InterDigital Canada Ltee., InterDigital Capital Inc., InterDigital Charitable Foundation Inc, InterDigital Communications Inc., InterDigital Europe Ltd., InterDigital Finland Oy, InterDigital Germany GmbH, InterDigital Holdings Inc., InterDigital Madison Patent Holdings SAS, InterDigital Patent Holdings Inc., InterDigital R&D France SAS, InterDigital Technology Corporation, InterDigital VC Holdings France SAS, InterDigital VC Holdings Inc., InterDigital Video Technologies Inc., InterDigital Wireless Inc., IoT Holdings Inc., NexStar Capital LLC, NexStar Partners GP L.P., NexStar Partners L.P., NexStar Strategic Investments LLC, PCMS Holdings Inc., and VID SCALE Inc..
Read More
When was InterDigital founded?

InterDigital was founded in 1972.

How can I contact InterDigital?

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.

This page (NASDAQ:IDCC) was last updated on 8/16/2022 by MarketBeat.com Staff

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