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Expanded IRS free-file system one step closer in Dems' bill
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What Is WallStreetBets and What Stocks Are They Targeting?
Will This Be the Worst U.S. Crisis Ever? (Ad)
Closing prices for crude oil, gold and other commodities
2 Important Retail Stock Battles to Watch
Pipeline break spills 45,000 gallons of diesel in Wyoming
Will This Be the Worst U.S. Crisis Ever? (Ad)
Sinema took Wall Street money while killing tax on investors
MarketBeat: Week in Review 8/8 - 8/12
Expanded IRS free-file system one step closer in Dems' bill
Will This Be the Worst U.S. Crisis Ever? (Ad)
S&P 500   4,280.15
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QQQ   330.39
What Is WallStreetBets and What Stocks Are They Targeting?
Will This Be the Worst U.S. Crisis Ever? (Ad)
Closing prices for crude oil, gold and other commodities
2 Important Retail Stock Battles to Watch
Pipeline break spills 45,000 gallons of diesel in Wyoming
Will This Be the Worst U.S. Crisis Ever? (Ad)
Sinema took Wall Street money while killing tax on investors
MarketBeat: Week in Review 8/8 - 8/12
Expanded IRS free-file system one step closer in Dems' bill
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NASDAQ:IDCC

InterDigital - IDCC Stock Forecast, Price & News

$55.99
+0.77 (+1.39%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$55.22
$56.17
50-Day Range
$54.53
$66.84
52-Week Range
$54.43
$74.62
Volume
229,960 shs
Average Volume
229,480 shs
Market Capitalization
$1.66 billion
P/E Ratio
20.00
Dividend Yield
2.54%
Price Target
$73.50

InterDigital MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
31.3% 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
0.38mentions of InterDigital in the last 14 days
Based on 10 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.

2.63 out of 5 stars

Computer And Technology Sector

149th out of 659 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.

InterDigital Stock Up 1.4 %

Shares of IDCC traded up $0.77 during trading hours on Friday, reaching $55.99. 229,960 shares of the stock traded hands, compared to its average volume of 229,480. The company has a market cap of $1.66 billion, a price-to-earnings ratio of 20.00, a PEG ratio of 1.54 and a beta of 0.98. The company has a current ratio of 4.45, a quick ratio of 4.45 and a debt-to-equity ratio of 0.88. The stock has a fifty day simple moving average of $61.41 and a 200 day simple moving average of $62.48. InterDigital has a 52 week low of $54.43 and a 52 week high of $74.62.

InterDigital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 27th. Shareholders of record on Wednesday, July 13th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Tuesday, July 12th. This represents a $1.40 annualized dividend and a yield of 2.50%. InterDigital's payout ratio is presently 50.00%.

Analyst Upgrades and Downgrades

IDCC has been the subject of a number of analyst reports. Bank of America started coverage on shares of InterDigital in a research note on Wednesday, August 3rd. They set an "underperform" rating and a $60.00 price target for the company. StockNews.com lowered shares of InterDigital from a "buy" rating to a "hold" rating in a research note on Friday, August 5th.

Insider Buying and Selling at InterDigital

In other news, Director Jean F. Rankin sold 814 shares of the business's stock in a transaction that occurred on Monday, June 6th. The shares were sold at an average price of $66.83, for a total value of $54,399.62. Following the completion of the sale, the director now directly owns 28,441 shares in the company, valued at approximately $1,900,712.03. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Jean F. Rankin sold 814 shares of InterDigital stock in a transaction on Monday, June 6th. The shares were sold at an average price of $66.83, for a total value of $54,399.62. Following the transaction, the director now directly owns 28,441 shares of the company's stock, valued at $1,900,712.03. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Eeva K. Hakoranta sold 1,595 shares of the business's stock in a transaction on Thursday, June 30th. The shares were sold at an average price of $61.44, for a total transaction of $97,996.80. Following 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 a total of 4,109 shares of company stock worth $246,746 over the last three months. 1.20% of the stock is owned by insiders.

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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
8/13/2022
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
+31.3%
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
$4.41 per share
Book Value
$23.10 per share

Miscellaneous

Free Float
29,301,000
Market Cap
$1.66 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 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 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 targets for InterDigital's shares. Their IDCC share price forecasts range from $60.00 to $87.00. On average, they predict the company's share price to reach $73.50 in the next year. This suggests a possible upside of 31.3% 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 at the start of the year. Since then, IDCC shares have decreased by 21.8% and is now trading at $55.99.
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 results on Thursday, November, 4th. The Wireless communications provider reported $0.83 EPS for the quarter, topping 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 trailing twelve-month return on equity of 11.88% and a net margin of 18.11%. The firm's quarterly revenue was up 64.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.17 earnings per share.

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

InterDigital announced a quarterly dividend on Wednesday, June 1st. Stockholders of record on Wednesday, July 13th will be paid 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 2.50%. 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 2.54%. 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 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.

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 many different retail and institutional investors. Top institutional investors include Renaissance Technologies LLC (2.81%), Boston Trust Walden Corp (1.32%), Northern Trust Corp (1.19%), Capital Management Corp VA (0.89%), Credit Suisse AG (0.77%) and Victory Capital Management Inc. (0.72%). 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 $55.99.

How much money does InterDigital make?

InterDigital (NASDAQ:IDCC) has a market capitalization of $1.66 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 8/13/2022 by MarketBeat.com Staff

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