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Don't recall reading f IDCC is at the Consumer Electronics Show in Las Vegas this year.
InterDigital (IDCC) Inks Multiple Patent License Agreements
IDCC
+4.25%
Zacks Equity Research
Wed, January 4, 2023 at 10:16 AM CST
In this article:
InterDigital, Inc. IDCC recently inked a slew of patent license renewal agreements with Samsung Electronics and Panasonic Entertainment & Communication Co., Ltd. for an undisclosed amount. In addition, it signed an HEVC (High Efficiency Video Coding) and VVC (Versatile Video Coding) patent license agreement with LG Electronics. The multiple licensing deals underscore the healthy momentum of its licensing portfolio, which includes some of the biggest industry stalwarts.
Samsung had a licensing deal for InterDigital’s portfolio of cellular wireless and video technologies, which expired on Dec 31, 2022. The renewal of the contract will enable this South Korea-based multinational electronics corporation to continue using its technology without any dispute. Panasonic also renewed two patent license agreements relating to HEVC technology. The new license agreements with LG Electronics cover a plethora of LG products, such as TVs and PCs, for a mutually beneficial relationship.
InterDigital’s commitment to licensing its broad portfolio of technologies to wireless terminal equipment makers, which allows it to expand its core market capability, is laudable. It has leading companies, such as Huawei, Samsung, LG and Apple, under its licensing agreements. Consequently, the company expects to generate solid recurring revenues from the patent licensing business in the forthcoming quarters as well.
InterDigital’s global footprint, diversified product portfolio and ability to penetrate different markets are impressive. Apart from the company’s strong portfolio of wireless technology solutions, the addition of technologies related to sensors, user interface and video to its offerings is likely to drive significant value, considering the massive size of the market it licenses. Furthermore, the company remains committed to pursuing acquisitions to drive its product portfolio and boost organic growth.
The company is focused on pursuing agreements with unlicensed customers in the handset and consumer electronics markets. InterDigital aims to become a leading designer and developer of technology solutions and innovation for the mobile industry, IoT and allied technology areas by leveraging its research and development capabilities, technological know-how and rich industry experience. At the same time, it intends to enhance its licensing revenue base by adding licensees and expanding into adjacent technology areas that align with its intellectual property position.
Additionally, more and more companies are increasingly offering the work-from-home option to employees to ensure their safety and well-being. Several firms are also providing a secure and connected workplace setup through quick onboarding and enablement services to support the seamless continuity of businesses and enable employees to fulfill their professional obligations. This, in turn, is likely to create new revenue-generating opportunities for InterDigital, as humans become solely dependent on the digital platform to stay connected not only for their professional lives but also for online education, shopping, dining and entertainment.
The stock has lost 21.7% over the past year compared with the industry’s decline of 33.3%.
Maybe the Merrill analyst used his comments to lower the price, bought at lows, and now is selling at the higher prices, thus reaping good gains.
Just another way of manipulating the share price.
JMO
So true! Do you or anyone recall whit his 'high' share price target was?
rooster: I would take $100 at this point and be elated !
squingeqbob: Are you a reincarnation of Mickeybritt who kept on pushing a $200 stock price?
One thing puzzles me with the announcements:
either they were extremely busy this past weekend, flying all around the globe securing signatures on these licenses/agreements
OR
they had agreed to these agreements/licenses in December but FAILED to inform its shareholders on a timely basis on material financial matters.
dndodd, Seems like every year-end TMDI plunges in price. This year is no different than past years.
With today's news, Titan will probably see a lot of tax loss selling over the next 3 days. I hope I am wrong but the share price will probably drop by year end and will further drop if it moves to the OTC listing.
InterDigital, Inc. (NASDAQ:IDCC) is a favorite amongst institutional investors who own 85%
ITo get a sense of who is truly in control of InterDigital, Inc. (NASDAQ:IDCC), it is important to understand the ownership structure of the business. The group holding the most number of shares in the company, around 85% to be precise, is institutions. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn).
Because institutional owners have a huge pool of resources and liquidity, their investing decisions tend to carry a great deal of weight, especially with individual investors. Hence, having a considerable amount of institutional money invested in a company is often regarded as a desirable trait.
.
To get a sense of who is truly in control of InterDigital, Inc. (NASDAQ:IDCC), it is important to understand the ownership structure of the business. The group holding the most number of shares in the company, around 85% to be precise, is institutions. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn).
Because institutional owners have a huge pool of resources and liquidity, their investing decisions tend to carry a great deal of weight, especially with individual investors. Hence, having a considerable amount of institutional money invested in a company is often regarded as a desirable trait.
Let's delve deeper into each type of owner of InterDigital, ship-breakdown
What Does The Institutional Ownership Tell Us About InterDigital?
Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing.
We can see that InterDigital does have institutional investors; and they hold a good portion of the company's stock. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at InterDigital's earnings history. Of course, the future is what really matters.
Institutional investors own over 50% of the company, so together than can probably strongly influence board decisions. InterDigital is not owned by hedge funds. Our data shows that BlackRock, Inc. is the largest shareholder with 17% of shares outstanding. Meanwhile, the second and third largest shareholders, hold 12% and 3.9%, of the shares outstanding, respectively.
We also observed that the top 10 shareholders account for more than half of the share register, with a few smaller shareholders to balance the interests of the larger ones to a certain extent.
While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. Quite a few analysts cover the stock, so you could look into forecast growth quite easily.
Insider Ownership Of InterDigital
The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO.
Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances.
Our most recent data indicates that insiders own some shares in InterDigital, Inc.. The insiders have a meaningful stake worth US$26m. Most would see this as a real positive. If you would like to explore the question of insider alignment, you can click here to see if insiders have been buying or selling.
General Public Ownership
With a 13% ownership, the general public, mostly comprising of individual investors, have some degree of sway over InterDigital. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders.
Next Steps:
While it is well worth considering the different groups that own a company, there are other factors that are even more important. Case in point: We've spotted 2 warning signs for InterDigital you should be aware of, and 1 of them can't be ignored.
But ultimately it is the future, not the past, that will determine how well the owners of this business will do. Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future.
Why InterDigital (IDCC) is a Top Value Stock for the Long-Term
IDCC
Zacks Equity Research
Mon, November 21, 2022 at 8:40 AM
In this article:
IDCC
-0.45%
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.
Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.
Why Investors Should Pay Attention to This Value Stock
Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, and Price/Cash Flow to highlight the most attractive and discounted stocks.
InterDigital (IDCC)
Headquartered in Wilmington, DE, InterDigital, Inc. is a pioneer in advanced mobile technologies that enables wireless communications and capabilities. The company engages in designing and developing a wide range of advanced technology solutions, which are used in digital cellular as well as wireless 3G, 4G and IEEE 802-related products and networks.
IDCC sits at a Zacks Rank #3 (Hold), holds a Value Style Score of B, and has a VGM Score of B. Compared to the Wireless Equipment industry's P/E of 17.5X, shares of InterDigital are trading at a forward P/E of 18.7X. IDCC also has a PEG Ratio of 0.9, a Price/Cash Flow ratio of 11.3X, and a Price/Sales ratio of 3.2X.
Many value investors pay close attention to a company's earnings as well. For IDCC, two analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.24 to $2.63 per share for 2022. Per share IDCC boasts an average earnings surprise of 69.3%.
Investors should take the time to consider IDCC for their portfolios due to its solid Zacks Ranks, notable earnings and valuation metrics, and impressive Value and VGM Style Scores.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
InterDigital, Inc. (IDCC) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
I only posted what was written by Seeking Alpha.
BUT
IIt might be interpreted that AFTER MARKET CLOSE TODAY
ns
BEFORE MARKET OPENS TOMORROW could be the 'same'.
InterDigital Q3 2022 Earnings Preview
Nov. 02, 2022 12:29 PM ETInterDigital, Inc. (IDCC)By: Manshi Mamtora, CFA1 Comment
InterDigital (NASDAQ:IDCC) is scheduled to announce Q3 earnings results on Wednesday, November 2nd, after market close.
The consensus EPS Estimate is $0.59 and the consensus Revenue Estimate is $113.51M (-20.9% Y/Y).
Over the last 3 months, EPS estimates have seen 0 upward revisions and 2 downward. Revenue estimates have seen 1 upward revision and 0 downward.
Now Read: InterDigital, Philips partner on video-based immersive codec research
3 Wireless Stocks Set to Ride on Fiber Densification, 5G Rollout
Supriyo Bose ZACKS
Wed, October 26, 2022 at 8:05 AM
The Zacks Wireless Equipment industry appears well poised to gain from healthy demand trends amid fading supply chain adversities with the gradual revival in post-pandemic market conditions and a faster pace of 5G deployment. However, large-scale investments to support the transition to 5G and inflated raw material costs amid a challenging macroeconomic environment are likely to erode margins.
Nevertheless, Juniper Networks, Inc. JNPR, Viasat, Inc. VSAT and InterDigital, Inc. IDCC are likely to benefit in the long run from the increasing demand for state-of-the-art wireless products with a vast proliferation of IoT and a gradual shift to cloud services.
InterDigital: Headquartered in Wilmington, DE, InterDigital is a pioneer in advanced mobile technologies that enables wireless communications and capabilities. The company engages in designing and developing a wide range of advanced technology solutions, which are used in digital cellular as well as wireless 3G, 4G and IEEE 802-related products and networks. It has a long-term earnings growth expectation of 25% and delivered an earnings surprise of 81.9%, on average, in the trailing four quarters. Earnings estimates for the current year for this Zacks Rank #1 stock have moved up 7% since April 2021. InterDigital’s global footprint, diversified product portfolio and ability to penetrate in different markets are impressive. The addition of technologies related to sensors, user interface and video to its offerings are likely to drive considerable value, given the massive size of the market it licenses.
CHECK THE INSIDER'S ANNUAL COMPENSATION BONUS PLAN.
I would like BOTH -- After all, the dividend has remained the same for many many years.
Time to show us what the company really is (other than cheap) 1
Many years ago, the BOD declared a special dividend at year-end when there were some tax considerations for individual shareholders.
During the pandemic when the country was shut down, I suggested that the BOD declare a special dividend dto help out for the missing income as a result of the pandemic and shut-down of the economy. i suggested that IDCC take the first step and perhaps other companies would follow. OBVIOUSLY, THIS NEVER OCCURRED.
Now, with inflation running rampant, the country is in disarray due to economic conditions, high gasoline prices, high food prices, high housing costs, high boarder crossings of illegals, mass shootings, and a President who is spending money like it is going out of style while the FED is raising interest rates, and a recession already here even though the President doesn't want to follow the formulas in place for many years.
Maybe now its time our companies show THEIR BELIEF in the strength of our economy be declaring special dividends to offset the high costs we have experienced in 2022 by declaring special dividends.
IDCC should jump on the opportunity to show leadership that is lacking in Washington by starting NOW to help Americans with special dividends before year-end and then follow up with increasing dividends for 2023.
JMO
Monterey, the BOD doesn't care about raising dividends for shareholders. As long as their long term comp and awards plan is in place and they are able to increase it pretty much at will, they are content to let the dividends ride on.
What they are missing is that if the dividend is raised, their dividends in their personal holdings go up also.
InterDigital (NASDAQ:IDCC) Has Affirmed Its Dividend Of $0.35
Simply Wall St
Tue, October 4, 2022 at 7:38 AM
In this article:
IDCC
+0.36%
The board of InterDigital, Inc. (NASDAQ:IDCC) has announced that it will pay a dividend on the 26th of October, with investors receiving $0.35 per share. Based on this payment, the dividend yield on the company's stock will be 2.9%, which is an attractive boost to shareholder returns.
View our latest analysis for InterDigital
InterDigital's Earnings Easily Cover The Distributions
Impressive dividend yields are good, but this doesn't matter much if the payments can't be sustained. The last dividend was quite easily covered by InterDigital's earnings. This means that a large portion of its earnings are being retained to grow the business.
Over the next year, EPS is forecast to expand by 15.3%. If the dividend continues along recent trends, we estimate the payout ratio will be 44%, which is in the range that makes us comfortable with the sustainability of the dividend.
historic-dividend
historic-dividend
InterDigital Has A Solid Track Record
The company has an extended history of paying stable dividends. Since 2012, the dividend has gone from $0.40 total annually to $1.40. This means that it has been growing its distributions at 13% per annum over that time. It is good to see that there has been strong dividend growth, and that there haven't been any cuts for a long time.
The Dividend Has Limited Growth Potential
Investors who have held shares in the company for the past few years will be happy with the dividend income they have received. However, initial appearances might be deceiving. InterDigital's EPS has fallen by approximately 21% per year during the past five years. Such rapid declines definitely have the potential to constrain dividend payments if the trend continues into the future. Over the next year, however, earnings are actually predicted to rise, but we would still be cautious until a track record of earnings growth can be built.
Our Thoughts On InterDigital's Dividend
In summary, we are pleased with the dividend remaining consistent, and we think there is a good chance of this continuing in the future. While the payments look sustainable for now, earnings have been shrinking so the dividend could come under pressure in the future. The payment isn't stellar, but it could make a decent addition to a dividend portfolio.
Investors generally tend to favour companies with a consistent, stable dividend policy as opposed to those operating an irregular one. However, there are other things to consider for investors when analysing stock performance. For example, we've picked out 1 warning sign for InterDigital that investors should know about before committing capital to this stock. If you are a dividend investor, you might also want to look at our curated list of high yield dividend stocks.
Paullee -- I presume ML is MerrilL Lynch ?
Send them a box of Crayola Crayons. the 64-olor size box would do good!
Earnings are growing at InterDigital (NASDAQ:IDCC) but shareholders still don't like its prospects
IDCC
-0.65%
Simply Wall St
Fri, September 2, 2022 at 5:54 AM
In this article:
IDCC
-0.65%
It's easy to match the overall market return by buying an index fund. But if you buy individual stocks, you can do both better or worse than that. Investors in InterDigital, Inc. (NASDAQ:IDCC) have tasted that bitter downside in the last year, as the share price dropped 33%. That falls noticeably short of the market decline of around 18%. At least the damage isn't so bad if you look at the last three years, since the stock is down 5.0% in that time. The falls have accelerated recently, with the share price down 27% in the last three months.
Since InterDigital has shed US$163m from its value in the past 7 days, let's see if the longer term decline has been driven by the business' economics.
Check out our latest analysis for InterDigital
In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time.
During the unfortunate twelve months during which the InterDigital share price fell, it actually saw its earnings per share (EPS) improve by 196%. It's quite possible that growth expectations may have been unreasonable in the past.
It's surprising to see the share price fall so much, despite the improved EPS. But we might find some different metrics explain the share price movements better.
InterDigital's revenue is actually up 38% over the last year. Since the fundamental metrics don't readily explain the share price drop, there might be an opportunity if the market has overreacted.
The graphic below depicts how earnings and revenue have changed over time (unveil the exact values by clicking on the image).
earnings-and-revenue-growth
earnings-and-revenue-growth
We know that InterDigital has improved its bottom line over the last three years, but what does the future have in store? You can see how its balance sheet has strengthened (or weakened) over time in this free interactive graphic.
A Different Perspective
While the broader market lost about 18% in the twelve months, InterDigital shareholders did even worse, losing 32% (even including dividends). However, it could simply be that the share price has been impacted by broader market jitters. It might be worth keeping an eye on the fundamentals, in case there's a good opportunity. Regrettably, last year's performance caps off a bad run, with the shareholders facing a total loss of 4% per year over five years. Generally speaking long term share price weakness can be a bad sign, though contrarian investors might want to research the stock in hope of a turnaround. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. To that end, you should be aware of the 1 warning sign we've spotted with InterDigital .
We will like InterDigital better if we see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on US exchanges.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned
https://finance.yahoo.com/news/earnings-growing-interdigital-nasdaq-idcc-105416592.html
dndodd: Hope you are riight !
The conundrum in that hypothesis if IDCC gets a positive settlement in the current litigation I think it will go back over $100.00.
dndodd: sounds like a mickeybritt comment
'if IDCC gets a positive settlement in the current litigation I think it will go back over $100.00.'
How Much Of InterDigital, Inc. (NASDAQ:IDCC) Do Institutions Own?
Simply Wall St
Mon, July 18, 2022 at 7:35 AM
https://finance.yahoo.com/news/much-interdigital-inc-nasdaq-idcc-123526694.html
InterDigital Announces Date for Second Quarter 2022 Financial Results
Company Release - 7/13/2022
WILMINGTON, Del., July 13, 2022 (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 2022 financial results before market open on Thursday, August 4, 2022.
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 link to the live webcast 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 “Live Call Participant Registration Link”. 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 Investor’s section. The replay will be available for one year.
Company raises guidance, price drops. GO FIGURE !
It must have been the surprise 15m in expenses not yet recorded.
Paullee, I thought they already were in court with Lenovo and we are awaiting a FRAND rate setting. What is this new item about?
I have not been reading anything about IDCC court matters except what is posted on this board.
TIA
vegas -- Sorry, don;t know the answer to your question. This is beyond my understanding of wrrants and convertibles.
When was last time TITAN WAS ABOVE $1.00 ? i THING Nov, 2021.
What would be the status of their delisting ?
SHORTS R CLOWNS: YOU SAID:
I'm waiting to see who they put in as CEO
Didn't they hire a new cleaning person in the last few weeks? Maybe his addition was in anticipation of an opening as CEO.
thanks Gamco
Thanks Vegas
Did anyone participate in annual meeting?
I could not get in and by the time I got help, the meeting concluded after a question about Samsung and Apple contract expiration.
Did danyone get a good explanation of the recent notes deal?
TIA
Wednesday, June 1, 2022 02:00 PM ET
2022 Annual Meeting of Shareholders
Event Details:
Event Date:Wednesday, June 1, 2022 02:00 PM ET
Webcast URL:http://www.virtualshareholdermeeting.com/IDCC2022
THANK YOU TO OUR FALLEN VETS !
Data Rox seemed to be very knowledgable about Idcc and Qualcomm.
Could it have been DATAROX that was the individual?
This Stock Just Broke a Cardinal Rule
By Dan Caplinger - May 24, 2022 at 7:36PM
The Motley Fool
InterDigital looks to modify its capital structure
Elsewhere, shares of InterDigital fell 8% after hours. The mobile and video technology specialist has seen its stock lose 25% of its value since this time last year, but it apparently decided it had no choice but to go to the capital markets now to raise cash in order to make changes to its capital structure.
InterDigital announced a $350 million private offering of convertible notes. The notes will mature in five years, and the interest rate on the debt and the conversion price into which bondholders can exchange their bonds for shares of InterDigital stock will be determined as part of the overall pricing process.
Part of the reason InterDigital is doing this now is to repurchase similar convertible notes that are coming due in 2024. In addition, the company wants to buy back stock as part of its authorized share repurchase program.
Yet investors aren't thrilled about InterDigital issuing a debt-equity hybrid with interest rates on the rise and the stock price on the decline. That's essentially the worst pricing environment InterDigital could have picked, raising the question of why the company waited until now to move forward with such a decision.
Well, I am changing my proxy vote for the BOD running for reelection.
I hope there are a lot of questions at the Annual Shareholder Meeting showing how the company can justify its actions.
Maybe they would follow it up with an increase in the dividend AND a special one--time dividend at the meeting.
JMO
Returns On Capital At InterDigital (NASDAQ:IDCC) Paint A Concerning Picture
Simply Wall St
Sun, May 1, 2022, 9:16 AM
In this article:
IDCC
-2.57%
When we're researching a company, it's sometimes hard to find the warning signs, but there are some financial metrics that can help spot trouble early. Typically, we'll see the trend of both return on capital employed (ROCE) declining and this usually coincides with a decreasing amount of capital employed. Ultimately this means that the company is earning less per dollar invested and on top of that, it's shrinking its base of capital employed. So after we looked into InterDigital (NASDAQ:IDCC), the trends above didn't look too great.
What is Return On Capital Employed (ROCE)?
For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. Analysts use this formula to calculate it for InterDigital:
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
0.079 = US$99m ÷ (US$1.6b - US$372m) (Based on the trailing twelve months to December 2021).
Thus, InterDigital has an ROCE of 7.9%. In absolute terms, that's a low return but it's around the Software industry average of 9.3%.
View our latest analysis for InterDigital
roce
roce
Above you can see how the current ROCE for InterDigital compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like, you can check out the forecasts from the analysts covering InterDigital here for free.
What The Trend Of ROCE Can Tell Us
In terms of InterDigital's historical ROCE movements, the trend doesn't inspire confidence. To be more specific, the ROCE was 34% five years ago, but since then it has dropped noticeably. Meanwhile, capital employed in the business has stayed roughly the flat over the period. Since returns are falling and the business has the same amount of assets employed, this can suggest it's a mature business that hasn't had much growth in the last five years. If these trends continue, we wouldn't expect InterDigital to turn into a multi-bagger.
What We Can Learn From InterDigital's ROCE
All in all, the lower returns from the same amount of capital employed aren't exactly signs of a compounding machine. It should come as no surprise then that the stock has fallen 25% over the last five years, so it looks like investors are recognizing these changes. Unless there is a shift to a more positive trajectory in these metrics, we would look elsewhere.
One more thing, we've spotted 1 warning sign facing InterDigital that you might find interesting.
While InterDigital isn't earning the highest return, check out this free list of companies that are earning high returns on equity with solid balance sheets.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
My3sons87: is this what you were looking for?
https://www.globenewswire.com/en/news-release/2021/03/31/2202103/24691/en/InterDigital-Launches-Government-Solutions-Effort.html
InterDigital Launches Government Solutions Effort
InterDigital Government Solutions to offer U.S. government agencies 5G expertise and technology solutions
March 31, 2021 03:00 ET | Source: InterDigital, Inc.
WILMINGTON, Del., March 31, 2021 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile and video technology research and development company, today announced the launch of InterDigital Government Solutions, a new initiative established to match InterDigital’s 5G expertise and advanced technology solutions with the emerging needs of U.S. government agencies. This effort reflects the importance of 5G and next generation wireless research to government agencies and policy priorities.
The launch of InterDigital Government Solutions closely aligns with InterDigital’s long-term wireless research and strategy while offering vital expertise to government agencies. As a U.S.-based leader in 5G and 6G research, InterDigital is uniquely equipped to partner with government and established defense industry suppliers to support emerging U.S. government initiatives regarding 5G defense development. This effort leverages world-class engineers and resources from InterDigital’s U.S. wireless lab to support a variety of complex government contracts and 5G defense deployments in Open RAN, mmWave, mesh networking, edge computing, and more.
“The launch of InterDigital Government Solutions creates a resource to support the increasingly complex technological considerations facing modern governments,” said Jim Nolan, EVP, InterDigital. “Ensuring our government and defense agencies are equipped with advanced technical expertise and industry support is vital to the country’s long-term safety and success. We are very excited to bring our technologies and expertise in 5G and advanced wireless to an important new market.”
InterDigital was most recently awarded a Department of Defense (DOD) contract to work alongside Shared Spectrum Company (SSC) to securely deliver spectrum sharing technology on a 5G platform. The contract specifically addressed the development of technologies to advance 5G-enabled dynamic spectrum sharing in the 3.1 – 3.45 GHz band between Air Force radars and 5G cellular services at Hill Air Force Base, Utah.
“InterDigital has a long history of serving government agencies, going back to the 1980s with the Reagan Ranch, the 1990s with Desert Storm, and many other engagements over the years that have seen our leadership in multiple generations of wireless technology put to the service of our country,” said Eric Cohen, Chief Development Officer, InterDigital. “The launch of InterDigital Government Solutions brings an added level of dedication to those efforts, and comes at a time when 5G and 6G solutions are the focus of enormous attention in U.S. government circles.”