Exclusive: Is Buying InterDigital, Inc. Here a Winning Strategy?

Exclusive: Is Buying InterDigital, Inc. Here a Winning Strategy?

The stock of InterDigital, Inc. (NASDAQ:IDCC) hit a new 52-week high and has $88.18 target or 9.00% above today’s $80.90 share price. The 6 months bullish chart indicates low risk for the $2.79B company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $88.18 price target is reached, the company will be worth $251.10M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 0.12% or $0.1 during the last trading session, hitting $80.9. About 101,541 shares traded hands. InterDigital, Inc. (NASDAQ:IDCC) has risen 40.03% since April 22, 2016 and is uptrending. It has outperformed by 34.63% the S&P500.

Analysts await InterDigital, Inc. (NASDAQ:IDCC) to report earnings on February, 16. They expect $0.84 EPS, down 8.70% or $0.08 from last year’s $0.92 per share. IDCC’s profit will be $28.97 million for 24.08 P/E if the $0.84 EPS becomes a reality. After $2.99 actual EPS reported by InterDigital, Inc. for the previous quarter, Wall Street now forecasts -71.91% negative EPS growth.

InterDigital, Inc. (NASDAQ:IDCC) Ratings Coverage

Out of 4 analysts covering InterDigital (NASDAQ:IDCC), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. InterDigital has been the topic of 8 analyst reports since August 11, 2015 according to StockzIntelligence Inc. B. Riley & Co initiated the shares of IDCC in a report on Tuesday, February 23 with “Buy” rating. The stock of InterDigital, Inc. (NASDAQ:IDCC) earned “Buy” rating by Zacks on Tuesday, August 11. As per Wednesday, November 11, the company rating was maintained by Barclays Capital. Barclays Capital maintained it with “Equal Weight” rating and $75 target price in Friday, September 9 report. The stock has “Buy” rating given by Sidoti on Tuesday, September 29. The stock of InterDigital, Inc. (NASDAQ:IDCC) has “Neutral” rating given on Monday, September 26 by B. Riley & Co. The firm has “Neutral” rating by Dougherty & Company given on Wednesday, October 5.

According to Zacks Investment Research, “INTERDIGITAL COMMUNICATIONS develops and markets advanced digital wireless telecommunications systems using proprietary technologies for voice and data communications and has developed an extensive patent portfolio related to those technologies.”

Insitutional Activity: The institutional sentiment increased to 1.3 in 2016 Q2. Its up 0.38, from 0.92 in 2016Q1. The ratio is positive, as 19 funds sold all InterDigital, Inc. shares owned while 73 reduced positions. 22 funds bought stakes while 63 increased positions. They now own 23.06 million shares or 2.63% less from 23.68 million shares in 2016Q1.
Arizona State Retirement System has invested 0.01% of its portfolio in InterDigital, Inc. (NASDAQ:IDCC). Apriem Advsrs holds 105 shares or 0% of its portfolio. State Street accumulated 1.07M shares or 0.01% of the stock. Zurcher Kantonalbank (Zurich Cantonalbank) last reported 0% of its portfolio in the stock. Arrowgrass Partners (Us) L P, a New York-based fund reported 55,117 shares. California Pub Employees Retirement System reported 114,700 shares or 0.01% of all its holdings. Capital Fund Sa has invested 0.01% of its portfolio in InterDigital, Inc. (NASDAQ:IDCC). Pdt Ptnrs Ltd Liability Co has 0.05% invested in the company for 11,764 shares. Livingston Group Asset Management (Operating As Southport Management) holds 100 shares or 0% of its portfolio. The New Jersey-based Kcg has invested 0.01% in InterDigital, Inc. (NASDAQ:IDCC). Blackrock Institutional Trust Com Na holds 0.01% or 1.03 million shares in its portfolio. Royal Financial Bank Of Canada, a Ontario – Canada-based fund reported 824,111 shares. Morgan Stanley accumulated 0% or 160,171 shares. Independent Portfolio Consultants Inc accumulated 1,775 shares or 0.03% of the stock. The New York-based Blackrock Incorporated has invested 0% in InterDigital, Inc. (NASDAQ:IDCC).

More news for InterDigital, Inc. (NASDAQ:IDCC) were recently published by: Fool.com, which released: “Why InterDigital, Inc. Fell 11% in October” on November 12, 2016. Fool.com‘s article titled: “Is InterDigital Inc a Buy?” and published on September 28, 2016 is yet another important article.

IDCC Company Profile

InterDigital, Inc., incorporated on March 23, 2007, creates and develops technologies for wireless communications. The Firm has designed and developed a range of technologies that are used in digital cellular and wireless products and networks, including second generation (2G), third generation (3G), fourth generation (4G) and IEEE 802 related products and networks. The Company’s subsidiaries hold a portfolio of approximately 20,400 patents and patent applications related to a range of technologies, including the fundamental technologies that enable wireless communications. Products integrating its technologies include mobile devices, such as cellular phones, tablets, notebook computers and wireless personal digital assistants; wireless infrastructure equipment, such as base stations, and components, dongles and modules for wireless devices. The Firm is focused on approximately two technology areas: cellular wireless technology and Internet of Things (IoT) technology.

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