InterDigital Inc. [NASDAQ: IDCC] price surged by 8.24 percent to reach at $5.45. The company report on April 7, 2021 that Envista Holdings Set to Join S&P MidCap 400; InterDigital to Join S&P SmallCap 600.
Envista Holdings Corp. (NYSE: NVST) will replace InterDigital Inc. (NASD: IDCC) in the S&P MidCap 400, and InterDigital will replace SEACOR Holdings Inc. (NYSE: CKH) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, April 12. American Industrial Partners is acquiring SEACOR Holdings in a deal expected to be completed soon pending final closing conditions. InterDigital is more representative of the small-cap market space.
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Following is a summary of the changes that will take place prior to the open of trading on the effective date:.
A sum of 1815326 shares traded at recent session while its average daily volume was at 223.23K shares. InterDigital Inc. shares reached a high of $71.72 and dropped to a low of $69.33 until finishing in the latest session at $71.58.
The one-year IDCC stock forecast points to a potential upside of 24.85. The average equity rating for IDCC stock is currently 1.20, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on InterDigital Inc. [IDCC]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for IDCC shares is $95.25 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on IDCC stock is a recommendation set at 1.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Oppenheimer have made an estimate for InterDigital Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on July 16, 2020. While these analysts kept the previous recommendation, B. Riley FBR dropped their target price from $90 to $80. The new note on the price target was released on August 02, 2019, representing the official price target for InterDigital Inc. stock.
The Average True Range (ATR) for InterDigital Inc. is set at 2.27, with the Price to Sales ratio for IDCC stock in the period of the last 12 months amounting to 5.99. The Price to Book ratio for the last quarter was 2.81, with the Price to Cash per share for the same quarter was set at 30.60. Price to Free Cash Flow for IDCC in the course of the last twelve months was 15.69 with Quick ratio for the last quarter at 3.30.
IDCC Stock Performance Analysis:
InterDigital Inc. [IDCC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 13.71. With this latest performance, IDCC shares gained by 13.24% in over the last four-week period, additionally plugging by 22.97% over the last 6 months – not to mention a rise of 57.28% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for IDCC stock in for the last two-week period is set at 68.99, with the RSI for the last a single of trading hit 76.67, and the three-weeks RSI is set at 64.43 for InterDigital Inc. [IDCC]. The present Moving Average for the last 50 days of trading for this stock 65.36, while it was recorded at 66.38 for the last single week of trading, and 61.61 for the last 200 days.
Insight into InterDigital Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and InterDigital Inc. [IDCC] shares currently have an operating margin of +16.01 and a Gross Margin at +52.60. InterDigital Inc.’s Net Margin is presently recorded at +12.48.
Return on Total Capital for IDCC is now 4.69, given the latest momentum, and Return on Invested Capital for the company is 3.89. Return on Equity for this stock inclined to 5.84, with Return on Assets sitting at 2.78. When it comes to the capital structure of this company, InterDigital Inc. [IDCC] has a Total Debt to Total Equity ratio set at 50.97. Additionally, IDCC Total Debt to Total Capital is recorded at 33.76, with Total Debt to Total Assets ending up at 24.39. Long-Term Debt to Equity for the company is recorded at 50.56, with the Long-Term Debt to Total Capital now at 33.49.
Reflecting on the efficiency of the workforce at the company, InterDigital Inc. [IDCC] managed to generate an average of $87,161 per employee. Receivables Turnover for the company is 16.21 with a Total Asset Turnover recorded at a value of 0.22.InterDigital Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.30 and a Current Ratio set at 3.30.
IDCC Stock EPS
With the latest financial reports released by the company, InterDigital Inc. posted 0/share EPS, while the average EPS was predicted by analysts to be reported at -0.07/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 100.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for IDCC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for InterDigital Inc. go to 15.00%.
InterDigital Inc. [IDCC] Insider Position Details
There are presently around $1,758 million, or 81.50% of IDCC stock, in the hands of institutional investors. The top three institutional holders of IDCC stocks are: BLACKROCK INC. with ownership of 3,677,761, which is approximately 5.33% of the company’s market cap and around 1.20% of the total institutional ownership; VANGUARD GROUP INC, holding 2,864,498 shares of the stock with an approximate value of $205.04 million in IDCC stocks shares; and RENAISSANCE TECHNOLOGIES LLC, currently with $93.39 million in IDCC stock with ownership of nearly -4.571% of the company’s market capitalization.
Positions in InterDigital Inc. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 93 institutional holders increased their position in InterDigital Inc. [NASDAQ:IDCC] by around 1,317,472 shares. Additionally, 108 investors decreased positions by around 1,137,327 shares, while 48 investors held positions by with 22,098,756 shares. The mentioned changes placed institutional holdings at 24,553,555 shares, according to the latest SEC report filing. IDCC stock had 29 new institutional investments in for a total of 232,774 shares, while 23 institutional investors sold positions of 335,842 shares during the same period.