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.
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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.
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You can view all of the due diligence checks on IDCC's stock page.
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge IDCC's true value.
Using relative valuations metrics:
You can do additional valuation research on IDCC's stock here.
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.
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:
For Q2, management guided:
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.
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.
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.
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.
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