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Holy Crap, Batman!! These shorts are getting blasted out of the water!!
Tomcat
Another day another dollar given back.
Apparently the Zack's "Strong Buy " recommendation killed the momentum. Perhaps the upcoming earnings release will reverse the slide.
Eagle
Short interest: 3.24M as of 7/14/23. Up from 3.07M two weeks ago.
It took 2 days; they got the $1.00. We get 35 cents back tomorrow.
Effective July 31, 2023, Mr. Eric Cohen will no longer be serving as Chief Strategy & Growth Officer of InterDigital, Inc. (the “Company”). He will remain with the Company through September 15, 2023, as a strategic advisor to facilitate the transition of his responsibilities.
Da shortz gave a good effort today...they came off the line...early and strong...with a good ground game...we regrouped at halftime....and came back just short of even...tomorrow is another day of practice.
Seems like we are giving back a dollar a day
patopinion...in my "opinion", compression will always be needed. The need for more speed and larger (pipes) bandwidth is increasing every day. Compression is a way in which to use the pipes more efficiently when the demand continues to grow...just thinking about the use of video (like tiktok, YouTube, FaceTime, streaming services, etc) on mobile devices by millions of users, and how the need is to access the apps without video/audio stutter or any other imperfection.
A very reasonable approach IMO.
Following article 'Huawei to roll out 5.5G equipment' is from ECNS.NS (I believe the English-language version of the China News Service). The last paragraph of the article states:
"With service models and content evolving continuously, breakthroughs in technologies like goggles-free 3D are creating unprecedented immersive experiences for users. However, these new services require stronger 5G network capabilities, making a stronger case for 5.5G modalities".
I cannot envision a goggles-free 3D immersive experiences unless one either puts on some sort of huge space helmet or enters a custom designed room created for that purpose. But I digress.
However I have a technical question for any techies on the board lurking (looking at you Data) or otherwise actively posting. If 5.5G and eventually 6G enable faster and faster downloads of data then are such future speeds dependent on video compression that IDCC is providing leading edge solutions for or will video compression solutions eventually become a non-factor due to future download speed solutions not needing video compression?
The reason I ask questions is due to the fact that IDCC's price is high compared to most of its history. I see a few posts asking for a reasonable exit point. Personally I am hopeful for IDCC's future due to some of the heavyweights in the industry who have joined IDCC during the past few years. But I have been invested more on a hunch than on technical knowledge. Personally I am not looking to sell because I hold onto a stock until either it goes bankrupt or gets bought out. That is why I am in favor of a dividend increase.
http://www.ecns.cn/news/2023-07-20/detail-ihcrinym0655700.shtml
Mackenzie Financial Corp Shows Confidence in InterDigital’s Success with Recent Acquisition
Yasmim Mendonça by Yasmim Mendonça July 21, 2023
In a recent development, Mackenzie Financial Corp has acquired a new stake in InterDigital, Inc. (NASDAQ:IDCC), as stated in its Form 13F filing with the Securities and Exchange Commission (SEC). The firm has obtained 7,331 shares of the wireless communications provider’s stock, which holds an estimated value of approximately $534,000. This acquisition signifies Mackenzie Financial Corp’s growing interest in InterDigital’s potential for success and further solidifies its presence in the market.
InterDigital (NASDAQ:IDCC) recently published its quarterly earnings results on Thursday, May 4th. Surpassing analysts’ expectations, the wireless communications provider reported earnings per share (EPS) of $4.00 for the quarter. This impressive figure exceeded consensus estimates by a substantial margin of $3.38. Furthermore, InterDigital boasted a noteworthy return on equity (ROE) of 28.17% and an impressive net margin of 32.38%. During this quarter, the company recorded revenue worth $202.37 million, greatly surpassing analysts’ predictions that stood at $97.40 million.
With such exceptional financial performance and consistently exceeding projected estimates, InterDigital is poised for future growth and continued success within the wireless communications sector. Sell-side analysts anticipate that the company will post earnings per share of 7.12 for the current year – a reflection of its strong standing and promising trajectory.
Various equities research analysts have expressed their opinions on InterDigital’s stock performance as well. StockNews.com recently initiated coverage on shares of InterDigital and assigned them a “buy” rating – signaling confidence in their potential for growth and profitability going forward. Additionally, Bank of America upgraded their rating from “neutral” to “buy,” raising their price objective from $55.00 to an impressive $105.00 per share.
This positive reception from renowned investment firms indicates widespread optimism towards InterDigital’s future prospects. As a result, the stock has garnered an average rating of “buy” based on data from Bloomberg. Furthermore, analysts have established a consensus price target of $92.50, further bolstering InterDigital’s promising outlook.
In conclusion, Mackenzie Financial Corp’s recent acquisition of InterDigital’s shares highlights their interest in the company’s potential for success. With exceptional quarterly earnings and strong financial performance, InterDigital has continuously surpassed analysts’ expectations and positioned itself for future growth. Analysts’ positive views and elevated price targets further solidify their confidence in InterDigital’s outlook. It is clear that the wireless communications provider has successfully established a reputation as a key player within the industry.
https://beststocks.com/mackenzie-financial-corp-shows-confidence-in-inter/
Following article is from Asia Times written by Scott Foster: 'ZTE leaving Ericsson, Nokia in its 5G dust'.
https://asiatimes.us14.list-manage.com/track/click?u=2049a8663daea00bd30c32cf2&id=8e7f97181e&e=f8d8372cc1
I am not a chartist, but if you go on Stockcharts, IDCC has been overbought for awhile. Plus, Apple and QCOM are getting hit today also, which may indicate that the sector is seeing a sell-off cycle.
But...that doesn't mean I know what is happening.
We were doing so well.
Why the haircut for the last few days?
Any theories ?
Paullee, Am I correct that IDCC won in the UK court and also was granted interest on the lawsuit. I think I recall that IDCC was still appealing something in the UK court and Lenovo was hoping for a victory against the appeal in the UK court.
SO, what is the case in the U S Courts and why would they (Lenovo)look to stay and sever? Is this a separaat and different lawsuit involving different patents and uf the same patents, why sue in the us and UK?
not being a lawyer, this becomes very confusing.
TIA
Somebody wanted in this morning $98.88 for a few shares.
Trial in US delayed
ORDER, Defendants Motion To Sever and Motion To Stay InterDigital's Patent Infringement Claims (D.I. 300 ) is GRANTED IN PART and DENIED WITHOUT PREJUDICE IN PART, as follows: The Motion DENIED WITHOUT PREJUDICE as to Lenovo's request to sever InterDigital's patent infringement claims. The Motion is GRANTED with respect to Lenovo's request to stay InterDigital's patent infringement claims. It is FURHTER ORDERED that all claims in this case are STAYED pending the appeal of the UK court decision. Signed by Judge Joshua D. Wolson on 7/18/2023. (mpb)
Document: 318
How to make IDCC a $200 stock on August 3. First, announce that they have bought back 1.5 M shares in May and June. Second, announce that IDCC is being split into 3 companies cell phones, video, then AI with IOT and cars. That should do the trick...
Monterey2000, that is not correct. $98M was recognized in the first quarter. The remaining $87M will be recognized after the appeals.
Am I correct that Lenovo's $184.9 million will all be recognized in 2nd Q 2023 financials? Any future Lenovo settlement revenue will await the completion of the appeal of the recent Lenovo decision.
InterDigital Announces Date for Second Quarter 2023 Financial Results
Company Release - 7/18/2023
WILMINGTON, Del., July 18, 2023 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a mobile and video technology research and development company, today announced that the company will release its second quarter 2023 financial results before market open on Thursday, August 3, 2023.
InterDigital executives will host a conference call that same day at 10:00 a.m. Eastern Time (ET) to discuss the company's performance.
For a live Internet webcast of the conference call, visit www.interdigital.com and click on the “Webcast” link on the Investors page. The company encourages participants to take advantage of the Internet option.
For telephone access to the conference call, visit www.interdigital.com and click on the “Dial In Registration” link on the Investors page. Registration is necessary to obtain a dial in phone number and PIN to join.
An Internet replay of the conference call will be available on InterDigital’s website under Events in the Investors section. The replay will be available for one year.
Wall Street Bulls Look Optimistic About InterDigital (IDCC): Should You Buy?
IDCC
+0.29%
Zacks Equity Research
Mon, July 17, 2023 at 8:30 AM CDT
In this article:
IDCC
+0.29%
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Let's take a look at what these Wall Street heavyweights have to say about InterDigital (IDCC) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.
InterDigital currently has an average brokerage recommendation (ABR) of 1.00, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by three brokerage firms. An ABR of 1.00 indicates Strong Buy.
Of the three recommendations that derive the current ABR, three are Strong Buy, representing 100% of all recommendations.
Brokerage Recommendation Trends for IDCC
Broker Rating Breakdown Chart for IDCC
Broker Rating Breakdown Chart for IDCC
Check price target & stock forecast for InterDigital here>>>
While the ABR calls for buying InterDigital, it may not be wise to make an investment decision solely based on this information. Several studies have shown limited to no success of brokerage recommendations in guiding investors to pick stocks with the best price increase potential.
Are you wondering why? The vested interest of brokerage firms in a stock they cover often results in a strong positive bias of their analysts in rating it. Our research shows that for every "Strong Sell" recommendation, brokerage firms assign five "Strong Buy" recommendations.
In other words, their interests aren't always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock's price movement.
With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near -term price performance. So, validating the Zacks Rank with ABR could go a long way in making a profitable investment decision.
ABR Should Not Be Confused With Zacks Rank
In spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures.
Broker recommendations are the sole basis for calculating the ABR, which is typically displayed in decimals (such as 1.28). The Zacks Rank, on the other hand, is a quantitative model designed to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
It has been and continues to be the case that analysts employed by brokerage firms are overly optimistic with their recommendations. Because of their employers' vested interests, these analysts issue more favorable ratings than their research would support, misguiding investors far more often than helping them.
On the other hand, earnings estimate revisions are at the core of the Zacks Rank. And empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
Furthermore, the different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. In other words, at all times, this tool maintains a balance among the five ranks it assigns.
There is also a key difference between the ABR and Zacks Rank when it comes to freshness. When you look at the ABR, it may not be up-to-date. Nonetheless, since brokerage analysts constantly revise their earnings estimates to reflect changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in predicting future stock prices.
Is IDCC a Good Investment?
Looking at the earnings estimate revisions for InterDigital, the Zacks Consensus Estimate for the current year has increased 0.1% over the past month to $8.08.
Analysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason for the stock to soar in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #1 (Strong Buy) for InterDigital. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Therefore, the Buy-equivalent ABR for InterDigital may serve as a useful guide for investors.
The company just received another nearly $7 per share of cash, presumably the minimum they will receive from Lenovo. Maybe the company’s board of directors can find a way to bump the dividend payout to owners by a penny per quarter, just so they can say they raised the dividend that has been the same nearly forever.
Item 8.01.
Other Events.
On July 11, 2023, InterDigital, Inc. (the “Company”) received a cash payment in the amount of $184.9 million related to its UK High Court case against Lenovo equal to the amount the court ordered Lenovo to pay for a license through 2023. At this time the Company expects to defer recognizing any additional catch-up revenue until the appeal process progresses.
I have been lurking here almost as long as Loop and accumulated many shares. The end game and strategies have consumed a great deal of thought as I have gotten older.
When we hit $75 a few months ago I decided to sell 1000 shares then and whenever it reached another $5 increment so I’ve peeled off 4000 shares thus far this year. I have been very overweighted with this security and this allows me to re-allocate while not sacrificing the potential I still see for further appreciation.
I’ve got enough remaining shares to see me through $200 and am very comfortable waiting.
Hope this offers a different perspective.
I believe the "shorts", call sellers, etc were caught off guard yesterday, and needed to throw a lot of water on IDCC today.
Looks like the shorts are getting some relief today on above average volume.
a savvy old trader told me...its the situations where stuff is easy to borrow....that tend to put the shorts in worst places..
teecee56, An hour ago the shares available to borrow went up 300K. I am guessing that with our volume today someone reached MAX pain...
Hey guys!!!!
Great to see!!
What price targets do you realistically have in mind before end game (when u sell)
It’s been a long journey
vegas...they may not be at max pain...but they sure as heck are in the meat grinder
The most interesting take away from the short interest is that the shorts have not met max pain as they are not covering...
$100 OREENOS in pre market! Just 1 share though…
IDCC short interest down 12K to 3.073M.
InterDigital named one of the Top 100 leaders in sustainable innovation
Company Release - 7/12/2023
WILMINGTON, Del., July 12, 2023 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a mobile and video technology research and development company, has been named one of the leading companies in innovation that advances sustainability in a new report from LexisNexis.
The report, Exploring the Global Sustainable Innovation Landscape: The Top 100 Companies and Beyond, analyzes companies’ patent portfolios and measures their contributions in helping to achieve the United Nations’ Sustainable Development Goals. Specifically, the report reveals which companies “have the largest share of overall innovative strength in sustainable technologies and which are innovating on sustainable technologies in specific industries.”
“As an innovation business we know that technology has the power to change the world around us,” said Liren Chen, CEO and President, InterDigital. “Our foundational work in wireless, video, AI and other technologies is helping to drive a new era in connectivity, and I am proud that this work is also guiding us towards a more sustainable future.”
To download the report, visit Exploring the Global Sustainable Innovation Landscape (lexisnexisip.com).
New SA article
maybe that's the problem with quants
https://seekingalpha.com/article/4616275-interdigital-stock-risk-reward-balance-no-longer-makes-sense?mailingid=32041571&messageid=2800&serial=32041571.1525&utm_campaign=rta-stock-article&utm_medium=email&utm_source=seeking_alpha&utm_term=32041571.1525
Paullee review your prior June 30th post. Based on that post I don’t think any trial is going to happen in Delaware or Pennsylvania.
Does a new trial start in Delaware today?
Congratulations to IDCC'er. I am out of IDCC, but always wish the best to diligent investors over here. So happy for you! Dont know much about IDCC businesses anymore, it would be prudent for some of the old timers taking steps to alleviate rough time ahead.
Per Bloomberg
target prices
Roth 114.00
Jeffereies 106.00
BoA/ML 105.00
Zachs 105.00
Sidoti 112.00
Paullee - thank you for posting the Roth investment research, much appreciated.
Still more upside to InterDigital, says Roth
The stock has been on an incredible run this year, but Roth Capital Partners analyst Scott W. Searle sees more upside to wireless patents company InterDigital (InterDigital Stock Quote, Charts, News, Analysts, Financials NASDAQ:IDCC). Searle delivered an update on Thursday, saying the company has a clear path to earnings growth over the next few years, with lots of potential in the video streaming sector.
Last week, Roth Capital hosted a call with Interdigital President and CEO Liren Chen to talk about progress in the business, where the company had a successful UK High Court outcome with Lenovo, while its Samsung arbitration continues in line with prior disclosed timelines and parameters and its CE video IP monetization continues to build momentum.
“With multiple technologies feeding this opportunity (largely video codecs/compression IP buffeted by WiFi and core cellular solutions), we expect CE momentum to continue into key segments such as TVs/monitors, laptops, etc., comprising over a 400 million annual unit opportunity,” Searle wrote.
On IDCC’s IP video, Searle called it a key enabler but one which has yet to be monetized in the currently $300-$400 billion market (and en route to $500 billion by 2026). Searle said the sector uses standards-based compression solutions that improve performance and reduce transmission and storage costs, effectively essential tech.
Searle said the opportunity is huge for InterDigital. Providing perspective, the analyst said that a $0.01 per month fee, for example, across the top ten global streaming platforms would translate to an annual $100 million+ or about $3.00 per share in earnings.
“While early, we believe this opportunity has been actively developing over a multi-year period and expect this model to emerge within the next couple of years (Note: this is not built into our current expectations),” he said.
IDCC shares are up about 90 per cent year-to-date, but Searle has maintained a “Buy” rating on the stock and $114 per share target, which at press time translated to a projected one-year return of 19.6 per cent.
Searle is forecasting InterDigital’s revenue going from $457.8 million in 2022 to $513.2 million in 2023 and to $434.2 million in 2024, while EPS is expected to go from $4.45 per share in 2022 to $8.08 in 2023 and to $5.65 in 2024.
“With additional upside of $2-3 EPS in the core wireless business (Samsung arbitration, OPPO & Vivo licenses), video CE opportunities ($1+ EPS) and emerging recurring video streaming monetization ($3+ EPS), we remain comfortable with a $7.00+ EPS target over the next two to three years,” Searle wrote.
https://www.cantechletter.com/2023/07/still-more-upside-to-interdigital-says-roth/#
older article
InterDigital is a double from here, Roth Capital says
Good news has been coming in from InterDigital Inc (InterDigital Inc Stock Quote, Charts, News, Analysts, Financials NASDAQ:IDCC), according to Roth Capital Partners analyst Scott W. Searle, who delivered an update to clients on the company on Tuesday. Searle maintained a “Buy” rating on the stock and $100.00 target price, which at the time of publication represented a projected one-year return of 102 per cent.
A leading designer, developer and licensor of advanced technologies for mobile devices and networks, InterDigital has a portfolio of over 19,000 patents, with an emphasis on communications and patents for 3G, 4G, Wifi and emerging 5G applications along with IoT, video and sensor solutions.
The company announced on Tuesday that its board has authorized an increase to its stock repurchase program by $333 million to a total of $400 million, with the company saying it will use its cash resources to facilitate the buybacks.
Also on Tuesday, InterDigital announced an agreement with Samsung to have a panel of arbitrators to “establish the royalties to be paid by Samsung,” with the outcome to be a global licensing agreement expected to be concluded within about 18 months.
“While we always prefer to conclude our license agreements through amicable good faith negotiation, independent binding arbitration provides an effective mechanism for resolving licensing disputes,” commented Liren Chen, CEO and President, InterDigital, in a press release. “I welcome Samsung’s willingness to enter into a new license with us and their commitment to work through the remaining issues in arbitration.”
Finally, on Tuesday InterDigital further announced a new video licensing agreement with LG and a renewal of one with Panasonic.
Searle called the Samsung arbitration news a mixed bag with more positive than negative, since Samsung is acknowledging that it uses IDCC patents and expects to be required to use their IP going forward and, further, Searle said arbitration will be less costly and more amicable route.
“Overall, we view the news as a net positive with Samsung’s arbitration acknowledging IDCC’s patent validity (and avoiding a license agreement lapse), just debating the actual annual value (Note: We highlight that Samsung pays ~60 per cent of the recent Apple renewal). While near-term revenue recognition questions exist, we believe the longer-term sales and EPS will be higher,” Searle wrote.
On the share buyback plan, Searle pointed out that the $400 million amounts to about 26 per cent of IDCC’s market cap at the start of the new year.
“While we believe this encompasses an element of stock support, given potential investor discomfort around the arbitration timeline and outcome, it also underscores the successful conclusion of the Apple renegotiation and partial resolution with Samsung (arbitration). Consequently, capital requirements for a protracted and expensive litigation have been mitigated, leaving the prior balance sheet with $863 million in cash (FCF positive operations) in an overcapitalized state. Overall, the buyback is healthy, accretive and provides support,” he said.
Buy, Hold or Sell: AT&T (T) vs InterDigital (IDCC) Mangeet Kaur Bouns via StockNews | July 04, 2023
(a few paragraphs on IDCC several paragraphs below)
With the growing demand for high-speed data connectivity amid rapid digital transformation worldwide and increasing government investments, the telecom industry's growth prospects look promising. Amid this backdrop, let's find out if investors should buy, hold, or sell AT&T (T) and InterDigital (IDCC) now. Continue reading….??
Despite macroeconomic uncertainties, the telecom industry strives to remain resilient. The industry is well-positioned for significant long-term expansion, thanks to soaring demand for efficient connectivity amid the rapid digital transformation of businesses and consumers' lives. In addition, growing federal government funding for telecom infrastructure should fuel the industry's growth.
While investors should hold telecom stock AT&T Inc. (T) and wait for a better entry point in this stock, fundamentally sound InterDigital, Inc. (IDCC) could be an ideal buy now for solid returns.
Despite an uncertain macro environment, the telecom industry is poised to witness robust growth in the foreseeable years, driven by a rising number of mobile users worldwide, the continued importance of efficient data connectivity, and the growing demand for value-added managed services.
Moreover, with a surge in e-commerce, integrated Internet of Things (IoT) solutions in manufacturing and supply chain, or connected vehicle experiences in the automotive industry, the rapid digital transformation of businesses and consumers' lives provides numerous opportunities for the telecom industry to extend revenue streams beyond just connectivity.
Communication services providers (CSPs) capitalize on the opportunities and deliver value to consumer and enterprise customers with bundled services and connectivity options such as 5G fixed wireless access (FWA) and fiber.
According to a report by Grand View Research, the global telecom services market is projected to reach $2.87 trillion by 2030, growing at a 6.2% CAGR. The U.S. telecom services market is expected to expand at a CAGR of 6.5% during the forecast period from 2023 to 2030.
Growing government initiatives and investments to drive 5G deployment and adoption of fixed and wireless networks nationwide should also boost the telecom industry's growth and expansion. On April 12, Biden-Harris Administration announced the launch of the Public Wireless Supply Chain Innovation Fund, which aims to invest $1.5 billion in developing open and interoperable networks.
"The Innovation Fund is a critical step toward securing 5G wireless networks while driving innovation at home and abroad," said U.S. Secretary of Commerce Gina M. Raimondo.
He added, "Investing in the next generation of innovation will unlock opportunities for new and emerging companies to compete in the global telecom market, strengthen our telecom supply chains and provide our allies and friends with trusted choices and innovative technologies to compete in the 21st Century."
As per a report by Grand View Research, the global 5G services market is expected to reach $2.21 trillion by 2030, expanding at a CAGR of 59.4%.
Investors' interest in telecom stocks is evident from the SPDR S&P Telecom ETF's (XTL) 6.2% gains over the past month.
Given this backdrop, investing in quality telecom stock IDCC for potential gains could be wise. However, investors could add T to their watchlist and wait for a better entry in this stock.
Let's discuss the fundamentals of these stocks in detail.
(Did not copy & paste the AT&T write up...it was a Hold btw)
Stock to Buy:
InterDigital, Inc. (IDCC)
IDCC designs and develops technologies that enable and enhance wireless communications internationally. The company provides technology solutions, including 3G, 4G, 5G, and IEEE 802-related products. It also offers video coding and transmission technologies; and engages in the research and development of artificial intelligence.
On May 17, IDCC and the 6G Innovation Centre (6GIC) at the University of Surrey announced a bilateral research partnership to develop 6G enabling technologies that might impact future wireless standards.
"Our new partnership with 6GIC reflects InterDigital's commitment to collaborate with leading universities and programs to encourage innovative research outcomes and bolster the impact of our innovation through wireless standards like ETSI and 3GPP," said Milind Kulkarni, VP and Head of Wireless Labs at IDCC.
On May 15, IDCC signed a new patent license agreement with Alps Alpine Co., Ltd., and the deal covers Alps Alpine's range of devices under IDCC's standard essential patents related to HEVC.
In addition to demonstrating how IDCC's innovation is applied across a range of devices, its long history of research in the video space implies its asset portfolio strength in HEVC and other leading codecs. The collaboration should boost IDCC's revenue stream and expansion.
IDCC's trailing-12-month gross profit margin and EBIT margin of 86.18% and 43.36% are 76.9% and 943.2% higher than the industry averages of 48.72% and 4.16%, respectively. Likewise, the stock's trailing-12-month net income margin of 32.38% is significantly higher than the 1.71% industry average.
In terms of forward non-GAAP P/E, IDCC is trading at 12.25x, 47.7% lower than the industry average of 23.40x. Also, its forward EV/EBITDA multiple of 7.20 is 51% lower than the industry average of 14.69%.
IDCC's total revenue increased 99.7% year-over-year to $202.37 million in the first quarter that ended March 31, 2023. Its income from operations rose 295.1% from the year-ago value to $119.26 million. Also, the company's adjusted EBITDA grew 179.5% year-over-year to $154.81 million.
Furthermore, the company's non-GAAP net income and non-GAAP net income per share were $123.62 million and $4.21, up 301.3% and 325.3% year-over-year, respectively.
Analysts expect IDCC's revenue for the fiscal year (ending December 2023) to come in at $532.85 million, indicating an increase of 16.4% year-over-year. The consensus EPS estimate of $7.85 for the current year reflects a 107.9% year-over-year improvement. Moreover, the company has surpassed the consensus revenue estimates in each of the trailing four quarters.
IDCC's stock has gained 70.9% over the past six months and 55.5% over the past year to close the last trading session at $96.09. The stock has gained 14.5% over the month.
IDCC's POWR Ratings reflect a strong outlook. The stock has an overall grade of B, translating to Buy in our proprietary rating system.
IDCC has a B grade for Growth, Value, Sentiment, and Quality. Within the same industry, it is ranked #3 of 18 stocks.
To see additional POWR Ratings (Momentum and Stability) for IDCC, click here.
Vegas breakout the “two buck chuck”, based on today’s oreeno’s you can give us all a swig.
At a $100 we can talk about the Louis the 13th.
June 30, 2023
Via CM/ECF
The Honorable Joshua D. Wolson
U.S. District Court for the Eastern District of Pennsylvania
3809 U.S. Courthouse, Courtroom 3-B
601 Market Street
Philadelphia, PA 19106
Re: InterDigital Technology Corporation, et al. v. Lenovo Holding Co., Inc., et al.
C.A. No. 1:19-cv-01590-JDW
Dear Judge Wolson,
The parties provide the following update regarding the status of their UK proceedings:
On June 27, 2023, Mr. Justice Mellor, the trial court judge in the parties’ FRAND
proceedings before the High Court of Justice of England and Wales, issued his final Approved
Judgment and Order, both attached hereto. The Court's “Settled License” is appended to the
Judgment.
With respect to the mootness issue, InterDigital’s position, consistent with the position
articulated during the parties' March 22, 2023 status conference, is that all issues in the Delaware
case are—or will become—moot. InterDigital respectfully submits that any decisions on appeal
in the UK proceedings could have an impact on those issues, and therefore InterDigital believes it
would be premature to formally address mootness at this time. To avoid the unnecessary
expenditure of party and court resources, InterDigital proposes that this case be stayed in its
entirety.
Lenovo’s position is that InterDigital’s patent claims are now moot and should be
dismissed. Lenovo otherwise agrees that all other claims currently pending before this Court
should be stayed at this time.
As instructed in the Court’s March 23, 2023 order, Dkt. 313, the parties will notify the
Court when the UK proceedings have concluded and the final agreement between the parties has
been executed.
Respectfully submitted,
/s/ Neal C. Belgam
Neal C. Belgam (No. 2721)
Question: The UK High Court ruled that IDCC had 3 patents that were valid and essential and then applied a rate of .175 per unit. Does the rate applied to the 3 patents represent what IDCC is entitled to charge for its entire patent portfolio? What if additional patents are litigated and deemed valid and essential then would that increase what IDCC could charge for its entire patent portfolio?
I'm down to about half my original holdings (should have followed DR's lead and sold more in 2017), but that's just part of the 20+ year saga. Will probably lighten by half in the $100-120 range. Hold the rest. I've expected a buy out for so long, I can't seem to let it go. LOL
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Moderators |
The principle objective of the iHub message boards is to maintain a high signal-to-noise ratio while encouraging the exchange of all points of view. Moderators are an important part of making our message boards beneficial to all participants and readers. Moderating a stock-specific board, particularly those which are controversial due to many divergent perspectives or newsworthy events, can be a challenging and time consuming role. The time and effort expended by our Members who volunteer their time to fulfill this valuable role is greatly appreciated and our Moderators should be treated with the respect they deserve for donating their time and efforts to the collective benefit of our community. Company-specific boards are the lifeblood of iHub. The Moderators' role is simple to define for company-specific boards:
To promote the civil exchange of on-topic dialog that complies with the Investors Hub Terms of Service. |
It is no accident that neither the above definition nor the Terms of Service makes mention of investment sentiment, shareholder interests, or considerations such as "the good of the company." That is because the TOS are blind to investment sentiment. In order to be a successful Moderator and conduct a board within the scope of iHub's TOS, it is critical that Moderators distinguish their role and privileges as Moderator from their role and privileges as a posting Member. That is often easier said than done, particularly on active boards with both the typical and atypical controversy.
If a post does not fit into any of these categories the post must not be removed.
Some posts fall into a "gray" area and are borderline depending upon the way they are read. As inclusion is favored over exclusion, please err or the side of not removing posts if they are not clear violations. Please use the "Report TOS Violation" button at the bottom of the post with your comments if the post is not egregious in nature and Site Admins will review the message.
Bottom line: Please use your best judgment in removing posts based on the above guidelines and let us know if you have any questions or need any help. And keep in mind that post removal and non-removal have to be given the same emphasis. It is not permissible, for example, to remove a post that calls someone a "pumper" while not also removing a post that calls someone a "basher". Investor sentiment, including your own, can NOT be part of the removal/non-removal decision.
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