Interdigital Inc (NASDAQ: IDCC) is -1.52% lower on its value in year-to-date trading and has touched a low of $95.33 and a high of $207.08 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The IDCC stock was last observed hovering at around $187.05 in the last trading session, with the day’s gains setting it 3.73%.
Currently trading at $190.78, the stock is -1.63% and 2.34% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.45 million and changing 1.99% at the moment leaves the stock 37.68% off its SMA200. IDCC registered 80.83% gain for a year compared to 6-month gain of 56.19%. The firm has a 50-day simple moving average (SMA 50) of $186.4218 and a 200-day simple moving average (SMA200) of $138.57085.
The stock witnessed a -3.07% loss in the last 1 month and extending the period to 3 months gives it a 30.58%, and is -1.52% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.53% over the week and 2.98% over the month.
Interdigital Inc (IDCC) has around 450 employees, a market worth around $4.84B and $721.23M in sales. Current P/E ratio is 20.38 and Fwd P/E is 40.85. Profit margin for the company is 36.69%. Distance from 52-week low is 100.13% and -7.87% from its 52-week high. The company has generated returns on investments over the last 12 months (34.92%).
The EPS is expected to grow by 59.90% this year
521.0 institutions hold shares in Interdigital Inc (IDCC), with institutional investors hold 110.53% of the company’s shares. The shares outstanding are 25.24M, and float is at 24.78M with Short Float at 11.01%. Institutions hold 109.07% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 4.16 million shares valued at $485.03 million. The investor’s holdings represent 16.3121 of the IDCC Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 3.28 million shares valued at $381.92 million to account for 12.8444 of the shares outstanding. The other top investors are BOSTON PARTNERS which holds 1.57 million shares representing 6.1566 and valued at over $183.53 million, while DISCIPLINED GROWTH INVESTORS INC /MN holds 4.2843 of the shares totaling 1.09 million with a market value of $127.39 million.
Interdigital Inc (IDCC) Insider Activity
The most recent transaction is an insider sale by Pankaj Rajesh, the company’s Chief Technology Officer. SEC filings show that Pankaj Rajesh sold 700 shares of the company’s common stock on Jan 06 ’25 at a price of $204.13 per share for a total of $0.14 million. Following the sale, the insider now owns 52997.0 shares.
Still, SEC filings show that on Dec 23 ’24, Chen Lawrence Liren (President and CEO) disposed off 5,891 shares at an average price of $189.12 for $1.11 million. The insider now directly holds 158,652 shares of Interdigital Inc (IDCC).
