Home Sectors Communication Services Present Trend: InterDigital (NASDAQ: IDCC)

Present Trend: InterDigital (NASDAQ: IDCC)

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InterDigital is part of the communication services sector and is in the communication services industry. The company CEO is William J. Merritt. InterDigital Inc functions within the communication segment. It develops technologies that enable and enhance wireless communications.

Previous Intraday Trading Performance:

The IDCC stock showed a previous change of -0.34% with an open at 65.89 and a close of 65.24. It reached an intraday high of 65.98 and a low of 64.92.

SeekingAlpha:  InterDigital announces private offering of $350M of senior convertible notes

Liquidity:

The stock has a market cap of $2.1b with 31.8m shares outstanding, of which the float is 30.5m shares. Trading volume reached 366,841 shares compared to its average volume of 478,664 shares. Based on the current average volume and close price, the trading liquidity is good.

Historical Trading Performance:

Over the last five trading days, InterDigital shares returned -0.37% and in the past 30 trading days it returned -0.23%. Over three months, it changed -2.52%. In one year it has changed -19.50% and within that year its 52-week high was 85.85 and its 52-week low was 62.34. IDCC stock is 4.65% above its 52 Week Low.

Our calculations show a 200 day moving average of 71.14 and a 50 day moving average of 67.30. Currently IDCC stock is trading -8.30% below its 200 day moving average and may not be a good opportunity to buy as it may continue to trend down.

SeekingAlpha:  InterDigital announces private offering of $350M of senior convertible notes

Earnings:

The last annual fiscal EPS for the company was reported at 1.82 that ended on 31st of December 2018, which according to the previous close, that is a PE of 35.85. Based on 3 analyst estimates, the consensus EPS for the next quarter is 0.04. The TTM EPS is 2.24, which comes to a TTM PE of 29.12. Historically, the PE high was 60.30 and the PE low was 7.70. If the stock reached its PE low, that would represent a price of 17.25, which is a decrease of -73.56%.

Below was the last reported quarterly diluted earnings per share:

1stQtr of 2019 (Reported on 05/02/2019): -0.09
4thQtr of 2018 (Reported on 02/21/2019): 0.05
3rdQtr of 2018 (Reported on 11/01/2018): 0.60
2ndQtr of 2018 (Reported on 08/02/2018): 0.30
1stQtr of 2018 (Reported on 04/26/2018): 0.85

The dividend per share is currently 1.40, which is a dividend yield of 2.15%.

Base on our calculations, the intrinsic value per share is 23.74, which means it may be overvalued by -174.86%.

Indicators to Watch:

The current calculated beta is 1.04.

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Fundamental Indicators:

Based on last reported financials, the company’s return on equity is 3.37%, return on assets is 1.99%, profit margin is 9.19%, price-to-sales is 7.20 and price-to-book is 2.56.

Company Scores:

All scores are out of six:
 1  :Valuation Score
 1  :Past Performance Score
 5  :Financial Strength Score
 4  :Future Growth Score
 1  :Dividend Score
 2  :Overall Score

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John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks.Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.