InterDigital, Inc. designs and develops technologies that enable and enhance wireless communications in the United States and internationally. It provides technology solutions for use in digital cellular and wireless products and networks, including 2G, 3G, 4G, 5G, and IEEE 802-related products and networks. The company develops cellular technologies, such as technologies related to CDMA, TDMA, OFDM/OFDMA, and MIMO for use in 2G, 3G, 4G, and 5G wireless networks, as well as mobile terminal devices; and 3GPP technology portfolio in 5G NR, beyond 5G (B5G), extended reality over wireless, and cellular Internet of Things (IoT) areas, as well as technologies for automobiles, wearables, smart homes, drones, and other connected consumer electronic products. It also provides video coding and transmission technologies; and engages in the research and development of artificial intelligence. The company's patented technologies are used in various products that include cellular phones, tablets, notebook computers, and wireless personal digital assistants; wireless infrastructure equipment, which comprise base stations; components, dongles, and modules for wireless devices; and IoT devices and software platforms. As of December 31, 2020, it had a portfolio of approximately 28,000 patents and patent applications related to wireless communications, video coding, display technology, and other areas. InterDigital, Inc. was incorporated in 1972 and is headquartered in Wilmington, Delaware.
IPO Year:
Exchange: NASDAQ
Website: interdigital.com
Date | Price Target | Rating | Analyst |
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5/13/2024 | $106.00 → $100.00 | Buy → Hold | Jefferies |
4/1/2024 | $140.00 → $100.00 | Buy → Underperform | BofA Securities |
8/22/2023 | Outperform | William Blair | |
5/10/2023 | $55.00 → $105.00 | Neutral → Buy | BofA Securities |
1/27/2023 | Outperform | William Blair | |
12/9/2022 | $80.00 | Buy | Jefferies |
7/25/2022 | $60.00 | Underperform | BofA Securities |
Tesla Inc's (NASDAQ:TSLA) lawsuit in London against a U.S. technology firm, InterDigital Inc (NASDAQ:IDCC), and a patent licensing platform, Avanci, was overturned by the court today. Tesla was seeking a patent license ahead of the automaker's introduction of 5G vehicles in the U.K. Elon Musk's company had sued InterDigital and Avanci, which licenses patents for automotive uses, in London's High Court in 2023, reported Reuters. Tesla sought the court's determination on the fair, reasonable, and non-discriminatory (FRAND) terms for using patents owned by holders, including InterDigital, which Avanci licenses. Tesla's lawyers indicated that the company plans to launch 5G vehicles i
The agreement licenses a range of devices including Pixel smartphones, Fitbit wearables and other consumer electronics devices to InterDigital's cellular wireless, Wi-Fi, and HEVC video patented technologies.
Jefferies analyst Blayne Curtis downgrades InterDigital (NASDAQ:IDCC) from Buy to Hold and lowers the price target from $106 to $100.
The Regional Court in Munich held that Lenovo infringes InterDigital's patent-in-suit covering 4G and 5G devices, that InterDigital has acted in a FRAND manner at all times, and that Lenovo is an unwilling licensee who has not acted in line with widely recognized FRAND principles. This is a first instance decision which can be appealed.
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WILMINGTON, Del., Aug. 20, 2024 (GLOBE NEWSWIRE) -- Haptics, or the sense of touch, is increasingly being incorporated into the connected experience to enhance communications, services, and entertainment, and was spotlighted in a new white paper commissioned by mobile, video and AI technology research and development company InterDigital, Inc. (NASDAQ:IDCC) and written by market research firm Futuresource. The report reveals how, for the first time, haptics is being considered as a first order media type, alongside audio and video, opening the doors of perception to help consumers not only hear and see their content – but feel it too. The white paper, Haptics: The Next Modality in Immersi
WILMINGTON, Del., Aug. 01, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile, video and AI technology research and development company, today announced that the company will host an Investor Day on Tuesday, September 10, 2024, at 9:00 a.m. ET at the Jay Conference Center Bryant Park in New York City. The event will feature presentations by members of the senior management team, including President and Chief Executive Officer Liren Chen, Chief Technology Officer Rajesh Pankaj, Chief Licensing Officer Eeva Hakoranta, and Chief Financial Officer Rich Brezski. Topics will include company vision and growth strategy, innovation, licensing, and a financial overview. A question
WILMINGTON, Del., Aug. 01, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile, video, and AI technology research and development company, today announced results for the quarter ended June 30, 2024. "Our performance in the second quarter far exceeded the outlook and highlights how we continue to execute on our strategy and strengthen our innovation pipeline to support long-term growth," commented Liren Chen, CEO and President, InterDigital. "Given our all-time record revenue for the first half of the year and our increasing momentum across the business, we are raising our full-year revenue guidance by $70 million to between $690 million and $740 million." 2024 Fi
WILMINGTON, Del., Aug. 01, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile, video and AI technology research and development company, today announced it has signed a new license agreement with Panasonic. The agreement covers InterDigital's 4G and 5G cellular, HEVC video and WiFi patents. "We always value working with a client like Panasonic where there is a long-standing level of trust and respect between both sides," commented Eeva Hakoranta, Chief Licensing Officer, InterDigital. "I also appreciate that this agreement extends our license with Panasonic to our valuable 5G portfolio, our WiFi assets and our HEVC patents, where licensees continue to see a lot of value.
WILMINGTON, Del., July 18, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile, video and AI technology research and development company, today announced that the company will release its second quarter 2024 financial results before the market open on Thursday, August 1, 2024. InterDigital executives will host a conference call that same day at 10:00 a.m. Eastern Time (ET) to discuss the company performance. For a live webcast of the conference call visit www.interdigital.com and click on the "Webcast" link on the Investors page. The company encourages participants to take advantage of the webcast option. For telephone access to the conference call, visit www.inter
WILMINGTON, Del., July 12, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile, video and AI technology research and development company, today announced that the UK's Court of Appeal handed down its decision in InterDigital's FRAND licensing case against Lenovo. The Court of Appeal ruled in favor of InterDigital, including raising the amount that Lenovo must pay for a license to InterDigital's cellular SEP patents. The court rejected Lenovo's appeal in its entirety and confirmed that Lenovo must pay for all of its past sales starting from 2007. By virtue of this ruling, Lenovo will pay an additional amount of more than $55 million to a total of approximately $240 million
WILMINGTON, Del., July 03, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile, video and AI technology research and development company, announced today that, pursuant to the terms of the Indenture governing its 3.50% Senior Convertible Notes due 2027 (the "Notes"), the Notes are convertible during its calendar quarter ending September 30, 2024. The current conversion rate of the Notes is 12.9041 shares of InterDigital's Common Stock per $1,000 principal amount of the Notes. Upon the conversion of any Notes, InterDigital will pay cash up to the aggregate principal amount of the Notes to be converted, and will pay cash, shares of its Common Stock or a combination of cash a
WILMINGTON, Del., July 02, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile, video and AI technology research and development company, today announced it has signed a new license agreement with Google. The agreement licenses a range of devices including Pixel smartphones, Fitbit wearables and other consumer electronics devices to InterDigital's cellular wireless, Wi-Fi, and HEVC video patented technologies. "This agreement with Google is another sign of the importance of our technologies to a range of consumer devices," commented Eeva Hakoranta, Chief Licensing Officer, InterDigital. "It also strengthens our belief that, from smartphones, to wearables, and the Internet
WILMINGTON, Del., June 11, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile, video and AI technology research and development company, and Philips announced an upcoming showcase at AWE USA 2024 to demonstrate how volumetric video-based codecs and streaming technologies enable completely new levels of immersivity when streaming live and eSports experiences. The AWE conference and expo will take place in Long Beach, California from June 18 – 20, 2024. Located at Booth 233, InterDigital and Philips will jointly demonstrate their immersive technologies and contributions to video standards that enable the rendering and delivery of volumetric video experiences. Volumetric vid
WILMINGTON, Del., June 06, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile, video and AI technology research and development company, today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.40 per share on its common stock, payable on July 24, 2024, to shareholders of record at the close of business on July 10, 2024. About InterDigital® InterDigital is a global research and development company focused primarily on wireless, video, artificial intelligence ("AI"), and related technologies. We design and develop foundational technologies that enable connected, immersive experiences in a broad range of communications and entertainm
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Jefferies downgraded InterDigital from Buy to Hold and set a new price target of $100.00 from $106.00 previously
BofA Securities downgraded InterDigital from Buy to Underperform and set a new price target of $100.00 from $140.00 previously
William Blair resumed coverage of InterDigital with a rating of Outperform
BofA Securities upgraded InterDigital from Neutral to Buy and set a new price target of $105.00 from $55.00 previously
William Blair initiated coverage of InterDigital with a rating of Outperform
Jefferies initiated coverage of InterDigital with a rating of Buy and set a new price target of $80.00
BofA Securities initiated coverage of InterDigital with a rating of Underperform and set a new price target of $60.00
B. Riley resumed coverage of InterDigital with a rating of Buy and set a new price target of $123.00 from $100.00 previously
WILMINGTON, Del., March 20, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile, video and AI technology research and development company, applauded the appointment of Xiaofei Wang to serve as Chair of the IEEE 802.11 Standing Committee on Artificial Intelligence and Machine Learning (AIML). Xiaofei previously served as Chair of the IEEE 802.11 Topic Interest Group on AIML. IEEE 802.11 is the working group dedicated to standards for wireless local area networks (WLAN). The Working Group recently approved the creation of an AIML Standing Committee dedicated to reviewing and describing use cases for AIML in IEEE 802.11 based Wi-Fi systems, investigating and analyzing applica
WILMINGTON, Del., Feb. 12, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile, video and AI technology research and development company, today announced that Ken Kaskoun has been appointed as the company's Chief Growth Officer, reporting to Liren Chen, President and Chief Executive Officer of InterDigital. An engineer and lawyer by background and an experienced inventor, Ken joins from SomaLogic, a life sciences company, where he was Senior Vice President of Strategy and Business Development. "Ken's experience in the development of long-term growth strategies for technology research and licensing companies makes him an excellent fit as InterDigital's Chief Growth Officer
WILMINGTON, Del., Dec. 04, 2023 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile and video technology research and development company, announced the election of Dr. Alain Mourad, Head of Wireless Lab Europe, to serve on the ETSI Board for the 2024-2026 mandate. ETSI is a European Standards Organization and the regional standards body responsible for telecommunications, broadcasting and other electronic communications networks and services. As a global organization, ETSI provides its more than 900 members with an open, inclusive, and collaborative environment to support the timely development, ratification, and testing of globally applicable standards for wireless systems, a
WILMINGTON, Del., April 24, 2023 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile and video technology research and development company, today announced that Skip Maloney has been appointed as the company's new Chief People Officer, reporting to Liren Chen, President and Chief Executive Officer of InterDigital. Skip has over 25 years of industry experience and joins InterDigital from Aspen Technology, a Nasdaq-listed provider of asset optimization software, where he served as the Chief Human Resource Officer since 2018. "Our people are our most important asset, and I am excited by the role that Skip will play in enabling the further growth and development of our workforce,"
WILMINGTON, Del., July 25, 2022 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile and video technology research and development company, applauded the appointment of Xiaofei Wang to serve as Chair of the Topic Interest Group for Artificial Intelligence and Machine Learning (AIML) in IEEE 802.11, the IEEE working group dedicated to standards for wireless local area networks (WLAN). The IEEE 802.11 AIML TIG is responsible for identifying and exploring potential use cases for AIML for Wi-Fi and will specifically describe AIML use cases applicable in 802.11 Wi-Fi systems. In addition, the topic interest group will investigate the technical feasibility of features that enable supp
WILMINGTON, Del., June 23, 2022 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile and video technology research and development company, today announced that it has appointed industry veteran, Dr. Rajesh Pankaj as its new Chief Technology Officer effective July 5, 2022. Concurrently, Dr. Henry Tirri will move into the role of Senior Advisor to facilitate an orderly transition. Dr. Pankaj joins InterDigital from Qualcomm where he most recently served as the Senior Vice President, Engineering and Head of Corporate R&D, managing a global team of engineers focused on Artificial Intelligence, Edge Computing and new technologies. Throughout his 25-year tenure at Qualcomm, Dr. Pan
WILMINGTON, Del., Oct. 19, 2021 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile and video technology research and development company, today announced that Joshua D. Schmidt has been appointed as the company's new Chief Legal Officer and Corporate Secretary, reporting to Liren Chen, President and Chief Executive Officer of InterDigital. Richard L. Gulino, who has served as InterDigital's Chief Legal Officer since January 2020 will remain as a Strategic Advisor to the company and will be retiring on December 3rd of this year. "We are delighted to announce that Josh is our new Chief Legal Officer and Corporate Secretary," commented Liren Chen, President and Chief Executive O
William J. Merritt to Retire After 25 Years at the Company Liren Chen Appointed President and CEO WILMINGTON, Del., March 16, 2021 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ: IDCC), a mobile and video technology research and development company, today announced that William J. Merritt will retire effective April 5, 2021, after 25 years at the company and nearly 16 years as President and CEO. Mr. Merritt will also step down from the company’s Board of Directors. InterDigital announced the appointment of industry veteran Liren Chen as the company’s next President and CEO effective April 5, 2021. Mr. Chen will also be appointed to the InterDigital Board as a director. Mr. Merritt has ag
WILMINGTON, Del., Aug. 01, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile, video, and AI technology research and development company, today announced results for the quarter ended June 30, 2024. "Our performance in the second quarter far exceeded the outlook and highlights how we continue to execute on our strategy and strengthen our innovation pipeline to support long-term growth," commented Liren Chen, CEO and President, InterDigital. "Given our all-time record revenue for the first half of the year and our increasing momentum across the business, we are raising our full-year revenue guidance by $70 million to between $690 million and $740 million." 2024 Fi
WILMINGTON, Del., July 18, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile, video and AI technology research and development company, today announced that the company will release its second quarter 2024 financial results before the market open on Thursday, August 1, 2024. InterDigital executives will host a conference call that same day at 10:00 a.m. Eastern Time (ET) to discuss the company performance. For a live webcast of the conference call visit www.interdigital.com and click on the "Webcast" link on the Investors page. The company encourages participants to take advantage of the webcast option. For telephone access to the conference call, visit www.inter
WILMINGTON, Del., June 06, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile, video and AI technology research and development company, today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.40 per share on its common stock, payable on July 24, 2024, to shareholders of record at the close of business on July 10, 2024. About InterDigital® InterDigital is a global research and development company focused primarily on wireless, video, artificial intelligence ("AI"), and related technologies. We design and develop foundational technologies that enable connected, immersive experiences in a broad range of communications and entertainm
New license agreements drive 30% increase in YoY revenue and record quarter for Consumer Electronics Company reaffirms full year 2024 guidance WILMINGTON, Del., May 02, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile, video, and AI technology research and development company, today announced results for the quarter ended March 31, 2024. "InterDigital made significant progress in first quarter towards our 2024 revenue guidance of $620 million to $670 million," commented Liren Chen, President and CEO, InterDigital. "Revenue was $264 million for the quarter, one of the highest quarters in our history, and included an all-time high for our CE and IoT licensing program.
WILMINGTON, Del. , April 19, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile, video and AI technology research and development company, today announced that the company will release its first quarter 2024 financial results before the market open on Thursday, May 2, 2024. InterDigital executives will host a conference call that same day at 10:00 a.m. Eastern Time (ET) to discuss the company performance. For a live webcast of the conference call visit www.interdigital.com and click on the "Webcast" link on the Investors page. The company encourages participants to take advantage of the webcast option. For telephone access to the conference call, visit www.interdigital.
WILMINGTON, Del., March 20, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile, video and AI technology research and development company, today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.40 per share on its common stock, payable on April 24, 2024, to shareholders of record at the close of business on April 10, 2024. About InterDigital® InterDigital is a global research and development company focused primarily on wireless, video, artificial intelligence ("AI"), and related technologies. We design and develop foundational technologies that enable connected, immersive experiences in a broad range of communications and enterta
Revenue growth of 20%, significant margin expansion and record return of capital highlight 2023 results Full year 2024 revenue expected in a range of $620 million to $670 million WILMINGTON, Del., Feb. 15, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile, video, and AI technology research and development company, today announced results for the fourth quarter and full year ended December 31, 2023. "InterDigital delivered significant growth in 2023, driven by accelerating innovation and licensing momentum," commented Liren Chen, President and CEO, InterDigital. "Revenue increased 20%, profit margins expanded significantly, and we returned a record amount of capital to
WILMINGTON, Del., Feb. 13, 2024 (GLOBE NEWSWIRE) -- Today, InterDigital, Inc. (NASDAQ:IDCC), a mobile, video and AI technology research and development company, and Broadpeak (Euronext Growth: ALBPK), a global leader in CDN and advanced video streaming solutions, announced a collaboration to develop content delivery networks capable to stream MPEG Visual Volumetric Video-based Coding (V3C) immersive content at scale. Volumetric video is a critical component in the creation and enjoyment of increasingly immersive experiences and the MPEG V3C standard defines the general mechanism for coding and streaming volumetric content. Unlike traditional video, volumetric video is comprised of a s
WILMINGTON, Del., Jan. 16, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile and video technology research and development company, today announced selected unaudited preliminary financial results for the quarter ended December 31, 2023, and an initial outlook for first quarter 2024. Q4 2023 Preliminary Results GAAP The company expects total revenue to be approximately $105 million, comprised primarily of recurring revenue and in line with prior guidance.The company expects operating expenses to be approximately $81 million, updated from its previous expectation of $77 to $79 million. The increase related to higher litigation costs and performance-based compensation.Ne
WILMINGTON, Del., Dec. 06, 2023 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile and video technology research and development company, today announced that the company's Board of Directors has authorized an increase to the outstanding amount of the company's existing share repurchase program of approximately $235 million to a total of $300 million, effective as of December 1, 2023. The timing of repurchases and the number of shares of common stock to be repurchased will depend upon prevailing market conditions and other factors. Repurchases will be made using the company's cash resources. The increase does not obligate the company to make any repurchases, and any repurchase