With 0.56 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.42 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $152.2 whereas the lowest price it dropped to was $148.6601. The 52-week range on IDCC shows that it touched its highest point at $157.50 and its lowest point at $74.65 during that stretch. It currently has a 1-year price target of $144.00. With its current market cap of 3.78 billion, IDCC has annualized dividend of $1.65 while the current yield stands at 1.10%. IDCC paid its most recent dividend on 1728432000, while the ex-dividend date for that was 1728432000. Beta for the stock currently stands at 1.38.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of IDCC was down-trending over the past week, with a drop of -4.04%, but this was up by 8.38% over a month. Three-month performance surged to 25.10% while six-month performance rose 50.99%. The stock gained 94.62% in the past year, while it has gained 38.64% so far this year. A look at the trailing 12-month EPS for IDCC yields 9.95 with Next year EPS estimates of 3.92. For the next quarter, that number is 0.25. This implies an EPS growth rate of 6.96% for this year and -51.90% for next year. EPS is expected to grow by 15.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 32.83%.
Float and Shares Shorts:
At present, 25.58 million IDCC shares are outstanding with a float of 24.58 million shares on hand for trading. On 2024-09-30, short shares totaled 3.9 million, which was 1554.0 higher than short shares on 1724976000. In addition to Mr. Lawrence Chen as the firm’s President, CEO & Director, Mr. Richard J. Brezski serves as its Executive VP, CFO & Treasurer.
Institutional Ownership:
Through their ownership of 1.07431 of IDCC’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, IDCC reported revenue of $223493000.0 and operating income of $133906000.0. The EBITDA in the recently reported quarter was $162964000.0 and diluted EPS was $nan.
