InterDigital (IDCC) Stock Price, News & Analysis

2 Wall Street 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 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.
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2 brokers have issued 1-year price targets for InterDigital's shares. Their IDCC share price targets range from $100.00 to $100.00. On average, they predict the company's stock price to reach $100.00 in the next year. This suggests a possible upside of 4.5% from the stock's current price.
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InterDigital's stock was trading at $108.54 at the beginning of the year. Since then, IDCC stock has decreased by 11.9% and is now trading at $95.66.
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InterDigital saw a decrease in short interest during the month of March. As of March 31st, there was short interest totaling 4,340,000 shares, a decrease of 8.2% from the March 15th total of 4,730,000 shares. Based on an average daily trading volume, of 512,800 shares, the days-to-cover ratio is currently 8.5 days. Approximately 17.4% of the shares of the stock are short sold.
View InterDigital's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our IDCC earnings forecast.

InterDigital, Inc. (NASDAQ:IDCC) posted its earnings results on Thursday, February, 15th. The Wireless communications provider reported $1.16 EPS for the quarter, beating the consensus estimate of $1.00 by $0.16. The Wireless communications provider had revenue of $105.52 million for the quarter, compared to analysts' expectations of $104.31 million. InterDigital had a net margin of 38.95% and a trailing twelve-month return on equity of 37.77%.

InterDigital announced a quarterly dividend on Wednesday, March 20th. Investors of record on Wednesday, April 10th will be paid a dividend of $0.40 per share on Wednesday, April 24th. This represents a $1.60 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date is Tuesday, April 9th.
Read our dividend analysis for IDCC.

InterDigital (NASDAQ:IDCC) pays an annual dividend of $1.60 per share and currently has a dividend yield of 1.65%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 21.33%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, IDCC will have a dividend payout ratio of 31.68% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for IDCC.

ETFs with the largest weight of InterDigital (NASDAQ:IDCC) stock in their portfolio include ProShares Big Data Refiners ETF (DAT), Invesco S&P SmallCap Information Technology ETF (PSCT), Invesco Dorsey Wright Technology Momentum ETF (PTF), Xtrackers Cybersecurity Select Equity ETF (PSWD), Vanguard U.S. Minimum Volatility ETF (VFMV), Pacer US Small Cap Cash Cows Growth Leaders ETF (CAFG), AdvisorShares Insiders Advantage ETF (SURE) and ProShares Metaverse ETF (VERS).

InterDigital issued an update on its FY 2024 earnings guidance on Friday, February, 16th. The company provided earnings per share guidance of 7.450-8.760 for the period, compared to the consensus estimate of 6.480. The company issued revenue guidance of $620.0 million-$670.0 million, compared to the consensus revenue estimate of $505.5 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's stock is owned by a number of institutional and retail investors. Top institutional investors include Portman Square Capital LLP (0.00%), Touchstone Capital Inc. (0.20%), Allspring Global Investments Holdings LLC (0.14%), Los Angeles Capital Management LLC (0.13%), Cardinal Capital Management (0.05%) and Juncture Wealth Strategies LLC (0.04%). Insiders that own company stock include Eeva K Hakoranta, Eric Cohen, Jean F Rankin, John D Jr Markley, Joshua D Schmidt, Pierre-Yves Lesaicherre, Rajesh Pankaj and Richard Brezski.
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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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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