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New opportunity in Services licensing. Oppo trial next Feb. Trial to revue frand rates by next Jan. They said AI many many times. They are continuing to buy back shares...
It should be encouraging that they bought back 138K in June at an average of $91.31. The share count is below 26.5M with approx. $158 M left.
hard long road up, quick slide down
InterDigital Non-GAAP EPS of $1.30, revenue of $101.6M
Aug. 03, 2023 8:35 AM ETInterDigital, Inc. (IDCC)By: Manshi Mamtora, CFA
InterDigital press release (NASDAQ:IDCC): Q2 Non-GAAP EPS of $1.30.
Revenue of $101.6M (-18.5% Y/Y).
Recurring revenue was $99.1 million and decreased 1%.
Operating expenses were $78.2 million and increased 5% due primarily to higher research and portfolio development costs.
Non-operating income1 was $2.2 million, as compared to non-operating expense1 of $21.3 million, driven primarily by our 2022 debt refinancing.
Net income2 was $21.8 million and increased 3%; net income2 margin was 21%.
New Report Reveals Critical Innovation and Standardization Enabling XR Experiences
Source: GlobeNewswire Inc.
As new devices entice the consumer XR market, a new white paper commissioned by InterDigital, Inc. (Nasdaq: IDCC), a mobile and video technology research and development company, and written by market research firm ABI Research, details the standards, solutions, and emerging challenges shaping new extended reality (XR) opportunities.
The report, “Defining the XR Experience: Enabling the Immersivity Ecosystem,” introduces the strong foundation of wireless and video innovation that underpin the spectrum of XR experiences, including AR, VR, and MR, and stresses the importance of standards to ensure compatibility and combat technology fragmentation across the various devices, networks, and systems that empower XR experiences. While consumer adoption of XR headsets and services has been relatively slow, the report points to improvements in device hardware, content capture, encoding, and XR-specific content distribution capabilities as critical components to fuel future growth of the XR market.
Seamless immersive XR experiences depend on a variety of factors, including headsets equipped to process high resolution, high framerate, multi-view content, and spatial audio, and a network capable of meeting XR’s low latency and high reliability demands. Among the existing standalone, tethered, and mobile-based solutions for VR devices, not all headsets are able to host compute capabilities within the device. Most require rendering to be split across the network, often imposing delays and other hinderances to truly immersive experiences. Recently introduced devices like the Apple Vision Pro have shown improvements in haptics, eye tracking, and other metrics of accuracy that enhance the immersive experiences that devices can provide.
“Today’s XR capabilities are forged from innovations in wireless and multimedia that enable us to capture audio, video, haptic, and kinesthetic data into one scene representation and transmit that complex XR traffic across our networks to achieve a seamless blend of our physical and virtual worlds,” said Rajesh Pankaj, CTO, InterDigital. “These new “realities” would be impossible without long-term research and contributions to standards from companies like InterDigital, which help improve network capabilities, evolve compression techniques, and ensure the interoperability of devices and services for this growing ecosystem.”
The report attributes the growth of the immersivity ecosystem to foundational improvements in video compression and delivery protocols and the myriad benefits provided by standards. Video standards body MPEG has begun to explore XR experiences with standards study efforts around dynamic mesh coding, haptics, and scene description research. In addition, MPEG’s Visual Volumetric Video-based Coding (V3C) standard, comprised of MIV (MPEG Immersive Video) and V-PCC (Video-based Point Cloud Compression), has set up definitions for encoding and streaming volumetric content, which is expected to be among the most challenging XR content types in terms of capture, processing, and delivery. Within wireless standards, 3GPP has dedicated significant activity to enhance the 5G system to better support XR traffic, while addressing how the 5G network can become more “XR aware”.
“XR is a perfect storm of hardware and content requirements that make it a challenge to support: high resolutions and frame rates, interactivity, mobility, and novel data types like haptics and spatial tracking,” says Eric Abbruzzese, Research Director with ABI Research. “Increasing efficiency across the XR pipeline from creation through distribution benefits both users and operators. As XR adoption grows, ensuring interoperability across devices and ecosystems also becomes critical, ensuring a healthy developer and content ecosystem enabling high-value content to users while minimizing user experience friction.”
The report argues there is progress to be made in every facet of XR, and standards remain integral to empowering the new capabilities and ensuring compatibility in ways that users find valuable. Looking towards the future, the XR ecosystem will continue to explore new “XR aware” network capabilities, new XR accessories and supporting hardware, and solutions that enable multi-user support for XR and user tracking and positioning, among other opportunities.
To read the white paper “Defining the XR Experience: Enabling the Immersivity ecosystem,” please click 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: roya.stephens@interdigital.com
+1 (202) 349-1714
I agree, I don't have much faith in this quarterly report. Already had a big jump , momentum has died down. Market is hard on IDCC reporting, a good quarter just isn't good enough, especially after a stock price run..
Smells like the quarter report after the big jump in 2017 when it got to $101, long down slide after that, check my post from then & Mickey response.
I sold a chunk today.
I will buy back in again. Not negative on the company, just doing some harvesting.
tnyellowtomcat, Zacks is setting up IDCC to fail this earnings. They have revenue at $101M and earnings at $1.21. If Revs are $101M and usual expenses are $75M they will make $26M. IDCC has to use a weighted share count of about 27.5M shares and deduct taxes they will make about 75 cents. I expect they will make about another $12M in interest, but that takes them up to $1.15 ....
That is insane!!
There have GO TO BE easier ways to make money than to short IDCC!
I know most are probably legacy shorts! There were about 250,000 new shorts added that week when we corrected from the high 90s to the low 90s. I gotta believe that was the legacy shorts doubling down trying to get a decline going to erase some of their losses. In reality they have just dug themselves a deeper grave, unless there is a market crash or some terrible unexpected news.
If they have enough margin, they can stay short forever i guess, but they have to pay dividends and interest!
IMHO - Tomcat
INSTITUTIONAL OWNERSHIP 97.3% to 106.24% depending on who you follow....SHORT INTEREST 3.24M. Thursday could be the match needed to light the fire....
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?
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