InterDigital Inc (IDCC)

[tnyellowtomcat]

6K share here!

Tomcat

First 500 shares bot in 1994!

[dws]

InterDigital and Philips to Showcase Video-Based Immersive Codecs and Content Creation Pipelines Enabling XR Opportunities at AWE USA 2023
Company Release - 5/17/2023
WILMINGTON, Del., May 17, 2023 (GLOBE NEWSWIRE) -- The roll-out of high speed and high bandwidth mobile networks like 5G, and the growing popularity of XR-based use cases is driving the media industry to explore the creation of new and exciting immersive experiences, while pushing engineers and inventors to develop efficient and standards-based solutions that can deliver the data-rich content that is demanded. InterDigital, Inc. (Nasdaq: IDCC) announced its upcoming showcase at AWE USA 2023 with Philips to demonstrate how volumetric video-based codecs and creation pipelines enable increasingly immersive and XR-driven volumetric video experiences. The conference and expo will take place in Santa Clara, California from May 31 – June 2, 2023.

The MPEG Visual Volumetric Video-based Coding (V3C) standard defines the general mechanism for coding and streaming volumetric content. Volumetric video is comprised of a sequence of frames, each a 3D representation of a real-world object or scene capture, and thus requires coding standards to compress the content for delivery. InterDigital and Philips jointly collaborate on V3C immersive codecs to enable the delivery of XR content, leveraging InterDigital’s expertise in immersive codecs, including video point cloud compression (V-PCC) and MPEG immersive video (MIV) extensions, alongside Philips’ expertise in MIV extensions and its contributions in critical six degrees of freedom (6DoF) immersive codec and content creation pipelines for 3D reconstruction and rendering.

Located at Booth 520, InterDigital and Philips will demonstrate the application of their codec and content creation pipelines for use cases like telelearning. Specifically, InterDigital will showcase MPEG-I Haptics and Scene Description standards enabling sensory-enhanced and interactive experiences to be more efficiently streamed and Philips will demonstrate content creation pipelines for sports and live telepresence technologies. Together, the partners will spotlight their contributions to the MPEG-I V3C standard as well as the first implementation of the V3C Immersive Video Decoder Platform. The codec technologies and content creation pipelines can be applied to a range of XR experiences, allowing innovators to explore immersive content creation for real-time telepresence using depth and color cameras, or sports and media applications using color cameras and prior geometric information.

“Video codecs remain a pivotal steppingstone to enjoying increasingly immersive content and our research helps to unlock new ways of engaging in the XR ecosystem, be it through media consumption, telepresence, or an experience we have yet to imagine,” said Lionel Oisel, VP of Video Labs, InterDigital. “Collaborating alongside Philips ensures our unique expertise develops innovation that unlocks greater efficiency and outcomes for volumetric content and XR-enabled experiences.”

“Next to solutions that offer synthetic avatars and CGI based virtual realities, there is a growing need for a more natural and real video representation for immersive experiences, where it will be key that they assure interoperability, efficient delivery and low latency,” said Ronald Schimanofsky, Director Business Development IP Licensing, Philips Intellectual Property & Standards (IP&S). “Our collaboration with InterDigital helped us to promote and enable industry adoption of the V3C standard and its immersive profiles to answer the ever-growing interest in real volumetric video, next to synthetic representations of the reality.”

InterDigital and Philips will showcase at AWE US at Booth 520 from May 31 – June 2. In addition, InterDigital’s Video Solutions Director Valerie Allie and Philips Group Innovation Senior Scientist Christiaan Varekamp will deliver a talk on “Immersive Technologies: From Capture to XR Experiences,” providing an overview of the immersive codecs within the MPEG V3C standard that enable efficient volumetric video-based media streaming in applications like telelearning. The presentation will be delivered on Thursday June 1st at 2:00pm CET in Grand Ballroom F. Learn how to attend here.

To learn more about AWE US, please click here.

[vegas options]

Israt, Every quarter hedge funds move in or out. This quarter 20 more funds joined the fight and the company reduced share count by over 10%. Insiders own about 2% and individual shareholders about 10%+. All the shares above 100% are supplied by shorts. Buying pressure comes from anyone that decides to join the fray or shorts that want to get out. Another source is if the company deploys the $177 M left in the buyback....

[israt]

Stupid question. If the institutional ownership is already 94% or 102% where is the buying going to come from to send the stock price higher?

israt

[teecee56]

vegas....not sure that number is accurate ....i see the site where it came from....could be some late reporting still to be done...nasdaq site has institutional ownership at 94%...either way....its very high.....and there is very little retail interest left from the old days...myself i only have less than 10% of what i owned in the early 2002 after the first run up in 99/2000 and the subsequent crash

[zdog]

There must not be many of us retail longs left.

[vegas options]

As of today Institutional ownership 27.87 M shares. 104.2% of shares

[Paullee]

30-Mar-23 inc/dec 30-Dec-22

BlackRock Inc. 4,789,829 (327,552) 5,117,381
Vanguard Group 3,360,104 (114,558) 3,474,662
Dimensional 1,031,916 65,217 966,699
State Street Corp 1,012,891 (14,115) 1,027,006
Disciplined Growth 725,886 (65,514) 791,400
Boston Partners 689,518 (21,913) 711,431
Boston Trust 644,966 29,953 615,013
Shannon River 642,638 150,890 491,748
Geode 562,736 1,022 561,714
D. E. Shaw 530,792 137,633 393,159
Renaissance 526,390 (150,521) 676,911
Neumeirer 429,310 (14,760) 444,070
B of N Y Mellon 424,035 (22,524) 446,559
Chas Schwab 369,975 (16,404) 386,379
Goldman Sachs 321,349 321,349 0
Northern Trust 315,493 (15,033) 330,526
Capital Mgt 0 (398,159) 398,159
FIL Ltd 0 (1,150,976) 1,150,976

[FISH21049]

Load Up on These 5 Exceptional Relative Price Strength Stocks

Nilanjan Choudhury - ZACHS
Tue, May 16, 2023 at 6:00 AM CDT

IDCC: This is a pioneer in advanced mobile technologies that enables wireless communications and capabilities. The 2023 Zacks Consensus Estimate for Wilmington, DE-based IDCC indicates 96.7% year-over-year earnings per share growth. InterDigital has a VGM Score of A.

Over the past 30 days, InterDigital saw the Zacks Consensus Estimate for 2023 move up 118.1%. It beat the Zacks Consensus Estimate for earnings in each of the last four quarters. IDCC shares have moved up 36.6% in a year.

[my3sons87]

Fish thanks for the information.

[FISH21049]

Alps Electric
Electronics company

Alps Electric Co., Ltd. is a Japanese multinational corporation, headquartered in Tokyo, Japan, producing electronic devices, including switches, potentiometers, sensors, encoders and touchpads. Wikipedia
Subsidiaries: Alpine Electronics, Alps System Integration Co., Ltd., MORE
CEO: Toshihiro Kuriyama (Jun 2012–)
Stock price: APELY (OTCMKTS) $18.14 -0.09 (-0.48%)
May 15, 4:00?PM EDT - Disclaimer
Headquarters: Ota City, Tokyo, Japan
Founder: Katsutaro Kataoka
Number of employees: 36,199 (as of the end of March 2013)
Founded: November 1, 1948

[my3sons87]

Scooby who isAlp alpine? How big are they and what do they do In annual sales?

[scooby5]

Go figure...Sign a new company and we are down 50 cents.

[Monterey2000]

All revenue from this new license should fall straight to the bottom line since, IMO, all of the Technicolor acquisition expenses have been absorbed/charged in prior quarters/years.

[dws]

They are getting it done on the video side IMO. Each new license will prompt others in the industry to come to the table.

[Limejuice22]

Seems like good news?

[dws]

InterDigital signs license agreement with Alps Alpine
Company Release - 5/15/2023
WILMINGTON, Del., May 15, 2023 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a mobile and video technology research and development company, today announced that it has signed a new patent license agreement with Alps Alpine Co., Ltd.

The deal covers Alps Alpine’s range of devices under InterDigital’s standard essential patents related to HEVC.

“This new agreement demonstrates once again how our innovation is applied across a range of devices,” commented Eeva Hakoranta, Chief Licensing Officer, InterDigital. “Our long history of research in the video space means that we have a very strong portfolio of assets in HEVC and other leading codecs, and we’re delighted that we have been able to close this deal and open a new customer relationship with Alps Alpine.”

[FISH21049]

Bank of America Sees Double-Digit Upside in These 2 Stocks — Here’s Why They Could Surge
TipRanks
Fri, May 12, 2023 at 3:43 PM CDT

InterDigital (IDCC)

Next up is InterDigital, another tech company tied to networks and connectivity. Specifically, InterDigital focuses on research and development of new technology for wireless and video connected technologies. The company aims to solve the network industry’s pressing technical challenges, with solutions to increase broadband efficiency, deliver better video, and improve the multimedia user experience.

InterDigital has license agreements with leading wireless companies and tech firms around the world, and those agreements can sometimes end up in court. In recent months, the company has gotten favorable rulings on two major cases, involving Lenovo and Samsung.

In the Lenovo case, a licensing dispute, a UK court handed down a judgement ordering Lenovo to pay $138.7 million in license fees to InterDigital, and must pay ‘in full’ for past sales going all the way back to 2007. The Samsung case did not get to court, but the two sides did reach an agreement. The recent conclusion of that binding arbitration helped push InterDigital’s 1Q23 revenues to more than $200 million.

And that brings us to the company’s most recent quarterly financial results. The boosted top line came to $202.37 million, up almost 100% year-over-year and beating the forecast by over $101 million. The quarterly EPS was reported as $3.58, far ahead of last year’s 58 cents, and $2.99 ahead of the forecast. We do need to repeat that this performance was due, in large part, to the receipt of court and arbitration awards. The company’s recurring revenue in the quarter was $101.6 million, up 2% y/y.

InterDigital has used its Q1 windfall, in part, to accelerate its capital return/share repurchase program. The company increased its repurchase authorization during the quarter, to a total of $400 million, and bought back 2.7 million shares.

All of this caught the eye of Tal Liani, who covers IDCC for Bank of America. Liana laid out his stance on the stock, noting: “Bullish on medium-term outlook and strong management team, we flag likely upside on the Samsung and Lenovo revenue contributions as another key driver. InterDigital is currently in binding arbitration with Samsung and recently received a favorable ruling in the Lenovo case. The company already recognizes these revenues, though at a conservative level, and could see some upside once the cases finalize…. In addition, we see stock upside from continued growth beyond wireless into CE, IoT, and Autos, and note that strong share buybacks are adding to the stock’s attractiveness…”

Liani’s take on IDCC has changed dramatically. He recently made a double upgrade on the stock, from Underperform to Buy, and his $105 price target (up from $55) implies a 23% upside going out to the one-year time horizon. (To watch Liani’s track record, click here)

IDCC has slipped under most analysts’ radar; the stock’s Moderate Buy consensus is based on just two recent ratings – but both are Buys. With shares trading at $82.87, the $109.50 average price target suggests room for a 32% upside. (See IDCC stock forecast)

[vegas options]

B of A 13F shows that they own just under 70K shares and 221K call options. Hmmm....

[teecee56]

vegas...we'll have a much clearer picture of who did what after the report on may 15 which will be as of 3/31...which was after the tender settled.....and options expired in march...the fact is there are almost 3myn more shares held....than are outstanding.......the institutional number is high....but the shares are freely lent....the best holders for us...are long term ira holders who dont lend their shares....like me and my clients

[vegas options]

Amrwonderful, institutions can own greater than 100% as the short interest makes up the difference.

[dndodd]

I think 45 days after the qtr ends.

[amrwonderful]

Sooo…when does the discrepancy between reported shares owned by institutions and the total shares outstanding…get fixed. There are more shares owned than there are shares.

[vegas options]

According to Fintel Fil,Ltd sold out in the Dutch auction 1.15M shares. Institutions now have 27.39 M shares

[teecee56]

Ok...some of our old population moved back...price retreated..up .30 pct in a week ..is the limit. For now....it's only 1 trading day till the weekend

[M6]

Congrats to the long time holders. Very happy for you. Missed the jump- there were simply too many other stocks to own. Back in with a decent size position. Seems like old times.

[my3sons87]

Bill D welcome back. Still long and strong. Tell Lee hello for me.

[dws]

Mr Dalglish it is great to hear from you and learn you are in good health. It seems like the land of promise that has kept us here for many years will be rewarding at last. Your efforts played no small part keeping us informed and long and it is nice to know you are with us.
Godspeed my friend!

[Gamco]

Mr. Dalglish, great to hear from you! I attended 2 (maybe 3) of your of your pre-ASM events back before there was such a thing as a webcast sttockholders meeting. Glad you are doing well and I hope to see you posting often.

[Bill Dalglish]

This is Bill Dalglish posting again after many years absent. Around the turn of the century, I edited the popular WirelessLedger.com, which focused positively on IDCC for many years. My son Lee and I hosted a public meeting the eve before each IDCC annual shareholder meeting in those years.

Wonderful to see so many old friends still posting here. To name some: Jim Lurgio, badger, teecee, My3Sons, loophole, orientbull, fish, sammdogg, Monterey, Macc, dws, scooby, vegas. You all, plus Ranger and Mickey (in blessed memory) were so helpful! It was always great fun hoisting a few beers with you the night before the annual shareholder meetings!

I've bought IDCC option calls today as I get back into the fold.

I'm 82 years old and in relatively good health, thanks be to God. Retired from parish ministry, but welcoming just-released state inmates into my parsonage for a "Fresh Start" the past dozen years.

Thank you to all posting here over the past two plus decades!

Bill Dalglish, CFP, D Min.

[loophole73]

Technology has replaced the test of a woman getting in your car and reaching over to unlock your driver side door. I was watching the Derby the other day and thought about the fat loser screaming the name of the horse they all had in a race. The big guy told little C to tear up the tickets even though the horse was in the lead and sure enough it lost. The BoA customers should do the same when this analyst speaks.
GLTA
Loop

[teecee56]

Burning down the house...with da shortz trapped inside....kinda think my bronx tale analogy last nite was spot on....NOW YOU CANT LEAVE!!!!!

[vegas options]

tnyellowtomcat, Yes they have. Next number to watch for is institutional ownership next Wednesday. It is constantly updated at Fintel.com . As of today it shows Institutions owning 28.32 M shares. Since there are only 26.65 M shares available. Insiders on their Form 4's have been holding their shares their ownership should be around 1/2 M shares. Could get very interesting...

[tnyellowtomcat]

Vegas,

Shorts have been coddled and protected here at IDCC for years, and I think the B of A Analyst was thinking "Past is Prologue" when he earlier downgraded the stock. Well, things DO change sometimes!

Tomcat

[badgerkid]

Congrats. Hope everyone is doing well. Still lurking and hanging on to my small handful of shares. Vegas Options mentioned the short interest but I suspect the number is even higher since the reporting date. Over 10% short which could be enough for a little extra speed to the upside as some shorts scramble to cover.

Short trap? I sure hope so. Could see some margin calls going out tomorrow to some of those who are short.

Regardless of the shorts, IDCC has legitimate upside given their earnings, cash on hand, and the continual growth into many new areas. Good luck to you all. Back to lurking and managing my bonds and cd's. IDCC is still exciting after all of these years (and still frustrating as well).

I'd like to welcome Tai to the party. Better late than never, right?

All my best.

Badger

[zdog]

Their shorts may not look too good either.

[vegas options]

I would love to see the faces on the shorts tomorrow when they get their margin calls...

[Monterey2000]

85 oreeno

[FISH21049]

I heard RANGER AND MICKEY in the sky, chanting 81 oreeno, 82 oreeno, 83 oreeno, and 84 oreeno ! ! !

[Paullee]

The idiot from ML just woke up. Updates from underperform to a Buy with a 105 target. Mickey is cheering

Upgrade to Buy on strong pipeline & TAM expansion
Strong 1Q results and robust catalysts over the next 1-2 years (medium-term) drive us
to upgrade InterDigital, a leader in 5G device licensing, to Buy from U/P. The stock is up
+63% YTD, yet we view potential licensing agreements with Lenovo, Oppo, and Vivo as
key medium-term drivers, and raise our PO to $105, from $55. Given the unstable nature
of catch-up payments, we view FCF as a better representation of InterDigital’s stable
long-term performance, and our PO is now based on 19x 2024E EV/FCF, vs. prior 16x
2024E P/E.
Bullish on medium-term outlook and strong mgmt. team
We flag likely upside on the Samsung and Lenovo revenue contributions as another key
driver. InterDigital is currently in binding arbitration with Samsung and recently received
a favorable ruling in the Lenovo case. The company already recognizes these revenues,
though at a conservative level, and could see some upside once the cases finalize.
InterDigital also has ongoing cases with Oppo and Vivo, which should each add $40-
60mn in recurring revenues per year. In addition, we see stock upside from continued
growth beyond wireless into CE, IoT, and Autos, and note that strong share buybacks are
adding to the stock’s attractiveness (see page 3 for additional color on share buybacks).
Strong 1Q results lend further credibility to NTM upside
Driven by ~$85mn in catch-up royalties from Lenovo, 1Q total revenues grew 100% YoY
to $202mn, vs. Street’s 8%/$109mn estimates. Without Lenovo, total revenues would
have still beaten estimates by ~7%. Importantly, InterDigital’s position in the Oppo case
was also bolstered by the recent Lenovo judgment, and we could see a similar topline
impact once the catch-up payments are recognized, potentially in the next few quarters.
Catalysts in medium-term, but maintain LT concerns
Though we are bullish over the medium-term, we remain concerned about LT growth
opportunities. Namely, once the company secures licensing agreements with the
remaining Chinese vendors (Lenovo, Oppo, Vivo) and its wireless penetration reaches
~85%, from current 55%, topline growth could slow to low-single-digits, or even flat.
However, this could be offset by further growth of CE, IoT, and Autos, as well as
maturation of video streaming technology licensing, which is still in the early innings.

[tnyellowtomcat]

That is interesting!!

I am surprised the B of A Analyst still has a job!

Tomcat

[teecee56]

Sometimes....ya just gotta laugh....teehee!!!!

[thelurker]

B of A Securities Upgrades InterDigital to Buy, Raises Price Target to $105
Today 7:10 AM ET (Benzinga)Print

B of A Securities analyst Tal Liani upgrades InterDigital (NASDAQ:IDCC) from Underperform to Buy and raises the price target from $55 to $105.

[teecee56]

Eh.... disappointing....I was hoping they jumped right into the pot...just before the temperature was turned up about 20 pct...at times like this...I like to think of the movie ...Bronx tale...where the bikers come in and try to bust up the bar...and the boss comes in and locks the door and says....NOW you can't leave!!!!

[vegas options]

Short interest 2.72M

[patopinion]

From Asia Times, 'Fourth Industrial Revolution slow start in America' by David Goldman.

https://asiatimes.us14.list-manage.com/track/click?u=2049a8663daea00bd30c32cf2&id=8bf1dfe6f1&e=f8d8372cc1

[teecee56]

You would think the barbers could have shaved a little off the top on a slow monday....not to be..stay tuned!!!

[Monterey2000]

Thanks jealmc79. IMO it appears at least a 25 cent ($0.25) increase in the quarterly dividend is in order soon or upon completion of the current stock buyback plan assuming the projected revenues until 2027 and thereafter are for Lenovo and Samsung only. In addition, US Treasury bills are now paying over 5%.

[sammdogg1]

Here's the link.

https://seekingalpha.com/article/4600820-interdigital-great-q1-results-undervalued?source=copy_to_clipboard

[Gamco]

InterDigital’s Doug Castor Re-Elected as Vice Chair of the ATIS Next G Alliance National 6G Roadmap Working Group

Source: GlobeNewswire Inc.

InterDigital, Inc. (Nasdaq: IDCC), a mobile and video technology research and development company, announced the re-election of Doug Castor, InterDigital’s Head of Wireless Research, to continue a second term as Vice Chair of the ATIS Next G Alliance National 6G Roadmap Working Group.

InterDigital is a founding member of the ATIS Next G Alliance (NGA), an industry group committed to ensuring that North America maintains its leadership role for the next generation of wireless technology amidst global competition. The NGA Roadmap Working Group is responsible for shaping the 6G vision and developing the technology evolution path aligned with North American priorities.

“Doug’s reelection reflects his deep wireless expertise and respect as a leader within our industry,” said Rajesh Pankaj, EVP and Chief Technology Officer, InterDigital. “Doug’s leadership position helped shape the critical North American technical contributions being submitted to the ITU and impacts the political and government arenas that are dedicated to advancing North American wireless technology leadership. During Doug’s tenure, the NGA has grown to more than 100 member organizations across industry, academia, and government, and we are very proud to have him in this role.”

Co-chaired by InterDigital’s Doug Castor alongside representatives from Nokia and AT&T, the NGA Roadmap Working Group recently released the second edition of its roadmap report, 6G Roadmap for Vertical Industries, which provides an introduction to the use cases and emerging industry verticals enabled by 6G.

Entering his second term as Vice Chair of the National 6G Roadmap Working group, Doug will continue to foster industry consensus and build a foundation for 6G through the development of white papers, technical reports, contributions to ITU, and 6G-related thought leadership. In addition to his leadership responsibilities, Doug Castor will also be a panelist at a NGA event on “Implementing the Roadmap to 6G” in Washington, D.C. on Wednesday, May 10th, and on Monday, May 15th, he will speak on a panel at the 6G Summit in Austin Texas, exploring the topic of “Models for Public-Private Partnerships for 6G”.

Learn more about the Next G Alliance and the National 6G Roadmap Working Group here.

About InterDigital®

InterDigital develops mobile and video technologies that are at the core of devices, networks, and services worldwide. We solve many of the industry’s most critical and complex technical challenges, inventing solutions for more efficient broadband networks, better video delivery, and richer multimedia experiences years ahead of market deployment. InterDigital has licenses and strategic relationships with many of the world’s leading technology companies. Founded in 1972, InterDigital is listed on Nasdaq.

InterDigital is a registered trademark of InterDigital, Inc.

For more information, visit: www.interdigital.com.

InterDigital Contact:
Roya Stephens
Email: [e-mail]
[phone]