How to Buy Interdigital Stock
Interdigital Inc
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.
Interdigital stock last closed at $84.79, up 1.56% from the previous day, and has increased 28.59% in one year. It has overperformed other stocks in the Telecom Services industry by 0.62 percentage points. Interdigital stock is currently +110.76% from its 52-week low of $40.23, and -1.72% from its 52-week high of $86.27.
At the moment, there are 26.74M shares of IDCC outstanding. The market cap of IDCC is $2.27B. In the last 24 hours, 246,319 IDCC shares were traded.
How to Buy Interdigital Stock
Not sure how to invest in Interdigital stock? Here's how.
- Figure out where to buy Interdigital stock: You need to decide on an online brokerage, but don't worry - we've tested dozens of online stock brokerages and apps to help you figure out where to buy Interdigital stock.
- Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Put funds into your investment account: Pick your method of payment and add your details.
- Analyze Interdigital stock: The Interdigital ticker symbol is IDCC. Is Interdigital stock a good investment? Should you buy shares of IDCC? How do IDCC's underlying business fundamentals look? Do top analysts think Interdigital is a good buy? Why has IDCC's stock price moved recently? (Hint: Our stock research website can help you figure out if IDCC is a good stock to buy).
- Execute your IDCC trade: Decide if you will purchase IDCC shares at the current market price or use a limit order to purchase IDCC stock at a particular price.
- Get the latest news on your investment in IDCC: Create a watchlist to important updates regarding your new investment in Interdigital stock.
Step 1: Figure out where to buy Interdigital stock
You will need a brokerage account in order to access the NASDAQ market and buy IDCC stock.
Our preferred brokerage: eToro
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've picked your brokerage, the next step is to fill out some personal information so you can buy IDCC stock today.
How to Set Up a New Brokerage Account on eToro
- Click here to get started.
- Enter your personal info to open your new brokerage account.
- Submit your data by clicking the "Create Account" button.
Step 3: Put funds into your investment account
Now that you've filled out your info on our top ranked stock app, you can securely and quickly fund your account:
Watch the walkthrough below if you need help transferring money into your investment account.
Step 4: Analyze Interdigital stock
After you have chosen the best place to buy Interdigital stock, it's important to research their stock prior to investing, so you can understand the risk and opportunity.
Interdigital Metrics
IDCC Overview
WallStreetZen was designed to help average investors do more accurate fundamental analysis in less time.
You can view all of the due diligence checks on IDCC's stock page.
Is IDCC stock overvalued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge IDCC's true value.
Using relative valuations metrics:
- IDCC could be undervalued based on its P/E ratio of 13.72x, relative to Telecom Services industry P/E ratio of 343.2x
- IDCC may be overvalued based on its P/B ratio of 3.66x, relative to Telecom Services industry P/B ratio of 1.56x
You can do additional valuation research on IDCC's stock here.
IDCC Financial Health
Passed Health Checks:
- IDCC earnings of $253.41M is not enough to cover its interest payments.
- There are more short-term assets than short-term liabilities on the IDCC balance sheet.
- There are more short-term assets than long-term liabilities on the IDCC balance sheet.
- IDCC's operating cash flow of $276.16M allows it to safely service it's debt of $607.91M.
- IDCC profit margin has gone up from 15.2% to 32.4% in the past year.
Failed Health Checks:
- IDCC has a relatively high debt to equity ratio of 1.81.
- Total IDCC debt is higher than 5 years ago, relative to shareholder equity.
Do Wall Street analysts think it's a good time to buy Interdigital stock
Out of 2 sell side analysts who give recommendations on IDCC, the consensus analyst rating on Interdigital is a Strong Buy
Please note that analyst ratings are not recommendations, nor are they investment advice.
Latest IDCC Analyst Recommendations
Tal Liani, a top 8% analyst from Bank of America upgrades IDCC to a strong buy rating and raises their IDCC price target from $55.00 to $105.00, on May 10, 2023.
Upgrading the stock to Strong Buy, Liani raised his price target on InterDigital Inc. by 90.9% following the release of the company's Q1 2023 earnings report on 2023/05/04.
The company reported "impressive" Q1 results, the analyst told investors.
Liani said he is "particularly optimistic" about the company's "strong" management team and prospective licensing partnerships with Lenovo, Oppo, and Vivo as medium-term catalysts.
For Q1 2023, InterDigital reported:
- EPS of $4.21, which beat the Zacks Consensus Estimate of $0.62 and, by 625.9%, Q1 2022's $0.58.
- Revenue of $202.37M, which beat the Zacks Consensus Estimate by 107.78% and, by 99.7%, Q1 2022's $101.32M.
- EBITDA of $154.8M, up 179% Y/Y.
- EBITDA margin of 76%, up from Q1 2022's 55%.
For Q2, management guided:
- EPS of $1.19 to $1.29.
- Revenue of $100M to $104M.
- EBITDA of $50.2M to $52.9M.
- Net Income of $16.4M to $19.1M.
President & CEO Liren Chen commented: "In Q1, we continued to make strong progress in executing against our long-term goals.
“The recent Lenovo judgment, along with our Samsung arbitration agreement and the 2022 Apple renewal, drove exceptional financial results in Q1 2023 and provide a strong recurring revenue base well into the future."
Mark Lipacis, a top 2% analyst from Jefferies initiates coverage on IDCC with a strong buy rating and announces their IDCC price target of $80.00, on Dec 9, 2022.
You can dive deeper into what analysts are forecasting on the Interdigital stock forecast page.
IDCC Trading Indicators
How is IDCC performing as a company?
Last year, IDCC earnings were $180.96M. Over the past five year, IDCC's earnings have gone up by 4.45% per year. This was faster than the Telecom Services industry average of -7.09%.
Last year, IDCC revenue was $558.85M. Over the past five year, IDCC's revenue has gone up by 1.22% per year. This was slower than the Telecom Services industry average of 3.76%.
Find out more about IDCC's earnings and revenue performance here.
What are IDCC executives and large shareholders up to?
In the past 12 months, insiders at IDCC have sold more shares than they have bought.
Eric Cohen, Chief Strategy Growth Officer of IDCC, was the latest IDCC insider to sell. They sold $364,831.48 worth of IDCC shares on May 10, 2023.
Research more about who owns IDCC shares here.
Does IDCC provide a stable income stream?
Interdigital pays a dividend of 1.65%, compared to the Telecom Services industry's average dividend yield of 4.59%. If you owned $1,000 worth of IDCC stock, you would have been paid $16.51 in the past year.
Interdigital dividend payments have consistently grown over the past decade and have remained stable.
Dig into more analysis about Interdigital dividend yield and history here.
What do other traders have to say about IDCC?
One of the biggest reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Execute your IDCC trade
There are two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are usually fine for most investors. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a given dollar amount, place a limit order.
Click the Open Trade button and your broker will execute the order.
If you want more info about buying stocks on eToro, click the helpful video below:
Step 6: Get the latest news on your investment in IDCC
Now that you own some IDCC shares, you'll want to stay up-to-date on your investment.
Make a watchlist to keep tabs on your IDCC stock.
IDCC Feed
How to Buy Stock in Interdigital
To summarize, here are the 6 steps for buying Interdigital stock:
- Figure out where to buy Interdigital stock
- Sign up for your brokerage account
- Put funds into your investment account
- Analyze Interdigital stock
- Execute your IDCC trade
- Get the latest news on your investment in IDCC
If you need a brokerage account, eToro is our favorite option.
Get Started with eToro TodayIf you would like to get the latest news on your investment in Interdigital, create your watchlist below.
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