Currently, there are 25.24M common shares owned by the public and among those 24.79M shares have been available to trade.
The company’s stock has a 5-day price change of -7.33% and 9.48% over the past three months. IDCC shares are trading -11.37% year to date (YTD), with the 12-month market performance up to 66.82% higher. It has a 12-month low price of $95.33 and touched a high of $207.08 over the same period. IDCC has an average intraday trading volume of 386.81K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -8.91%, -9.23%, and 21.94% respectively.
Institutional ownership of Interdigital Inc (NASDAQ: IDCC) shares accounts for 107.18% of the company’s 25.24M shares outstanding.
It has a market capitalization of $4.35B and a beta (3y monthly) value of 1.44. The stock’s trailing 12-month PE ratio is 18.34, while the earnings-per-share (ttm) stands at $9.36. The company has a PEG of 1.22 and a Quick Ratio of 1.62 with the debt-to-equity ratio at 0.68. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.09% over the week and 3.15% over the month.
Earnings per share for the fiscal year are expected to increase by 59.90%, and -61.67% over the next financial year. EPS should shrink at an annualized rate of 15.00% over the next five years, compared to 32.83% over the past 5-year period.
Looking at the support for the IDCC, a number of firms have released research notes about the stock. Jefferies stated their Hold rating for the stock in a research note on May 13, 2024, with the firm’s price target at $106-$100. BofA Securities coverage for the Interdigital Inc (IDCC) stock in a research note released on April 01, 2024 offered a Underperform rating with a price target of $100. William Blair was of a view on August 22, 2023 that the stock is Outperform, while BofA Securities gave the stock Buy rating on May 10, 2023, issuing a price target of $55- $105. William Blair on their part issued Outperform rating on January 27, 2023.
