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 |
|---|---|---|---|
| 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 |
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WILMINGTON, Del., Nov. 12, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile, video and AI technology research and development company, today announced that the company will be presenting at the 2024 RBC Capital Markets Technology, Internet, Media & Telecommunications Conference on Tuesday, November 19th, 2024, at 2:40 PM ET. The event will be webcast live and an archived replay of the presentation will also be available following the conference. For more information, please visit the Investors section of the company's website closer to the event. About InterDigital® InterDigital is a global research and development company focused primarily on wireless, video, artific
WILMINGTON, Del., Oct. 31, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile, video, and AI technology research and development company, today announced results for the quarter ended September 30, 2024. "In the third quarter we delivered revenues of about $129 million, exceeding the top end of our guidance, driven by a strong performance from our consumer electronics and IoT licensing program," commented InterDigital CEO and President Liren Chen. "In addition, at the start of the fourth quarter, we announced a new license agreement with OPPO Group, a top smartphone vendor, and a binding arbitration agreement with Lenovo. Given the increasing momentum across the business,
WILMINGTON, Del., Oct. 29, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile, video and AI technology research and development company, today announced that it has signed a new license agreement with OPPO Group. The agreement covers OPPO, realme and OnePlus branded mobile devices worldwide. As part of the agreement, both parties have agreed to dismiss all pending litigations between them. "In an increasingly connected world, this agreement serves as another validation of the strength of our foundational innovation in wireless, video, and AI, and of the quality of our patent portfolio," said Liren Chen, CEO and President, InterDigital. "Our licensing success further stre
WILMINGTON, Del., Oct. 25, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile, video and AI technology research and development company, announced that research from InterDigital's Video Lab was recognized with the Society of Motion Picture and Television Engineers (SMPTE) Journal Certificate of Merit. The research paper, titled "Pixel Value Adjustment to Reduce the Energy Requirements of Display Devices," was written by InterDigital engineers Erik Reinhard, Claire-Hélène Demarty, and Laurent Blondé, and introduces InterDigital's innovative technique of pixel value reduction (PVR) to optimize pixel brightness on device displays to reduce the energy consumed without comprom
WILMINGTON, Del., Oct. 21, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile, video and AI technology research and development company, announced its participation in the 2024 Brooklyn 6G Summit, taking place October 23 – 25. At the show, InterDigital and researchers from The University of Texas at Austin will display the latest in their collaboration to validate AI solutions for wireless networks and shape how AI will be used for 5G and 6G. Jointly organized by Nokia and the NYU Wireless Research Center, the Brooklyn Summit is an annual gathering of communications industry leaders contributing to the future of wireless technology. The theme of this year's discussions is
WILMINGTON, Del., Oct. 15, 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 third quarter 2024 financial results before the market open on Thursday, October 31, 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.inte
WILMINGTON, Del., Oct. 09, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile, video and AI technology research and development company, today announced that it agreed to enter into a new patent license agreement with Lenovo. The parties will enter into binding arbitration to determine the final terms of the new agreement. As part of the agreement to arbitrate, both parties have agreed to settle all pending litigations between them. "When disputes do arise in licensing negotiations, binding arbitration provides for a sophisticated global dispute resolution mechanism," commented Eeva Hakoranta, Chief Licensing Officer, InterDigital. "I look forward to the conclusion of th
WILMINGTON, Del., Oct. 09, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile, video and AI technology research and development company, today announced that it agreed to enter into a new patent license agreement with Lenovo. The parties will enter into binding arbitration to determine the final terms of the new agreement. As part of the agreement to arbitrate, both parties have agreed to settle all pending litigations between them. "When disputes do arise in licensing negotiations, binding arbitration provides for a sophisticated global dispute resolution mechanism," commented Eeva Hakoranta, Chief Licensing Officer, InterDigital. "I look forward to the conclusion of th
WILMINGTON, Del., Oct. 03, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile, video and AI technology research and development company, has announced that Bill Redmann, Director of Standards for Immersive Media Technologies, will participate in an industry panel session at Mobile World Congress Las Vegas, taking place from October 8 – 10, 2024. Bill will be a featured speaker on a panel at the MWC Las Vegas Sports and Entertainment Summit. The panel, called "The X Factor: Creating A World Class Fan Experience," explores how technology is enabling the delivery of a better, more immersive viewer experience, whether at home or in the stadium. Bill will introduce InterDi
WILMINGTON, Del., Oct. 01, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile, video and AI technology research and development company, today announced that the company has signed new patent license agreements with TPV, a major manufacturer of a range of digital TVs under various brands. These agreements license TPV to InterDigital's extensive portfolio of HEVC patents as well as DTV patents licensed through InterDigital´s joint licensing program with Sony. "These agreements are another testament of the value of our portfolio in the consumer electronics space," commented Eeva Hakoranta, Chief Licensing Officer, InterDigital. "InterDigital's leadership in video t
WILMINGTON, Del., Oct. 31, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile, video, and AI technology research and development company, today announced results for the quarter ended September 30, 2024. "In the third quarter we delivered revenues of about $129 million, exceeding the top end of our guidance, driven by a strong performance from our consumer electronics and IoT licensing program," commented InterDigital CEO and President Liren Chen. "In addition, at the start of the fourth quarter, we announced a new license agreement with OPPO Group, a top smartphone vendor, and a binding arbitration agreement with Lenovo. Given the increasing momentum across the business,
WILMINGTON, Del., Oct. 15, 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 third quarter 2024 financial results before the market open on Thursday, October 31, 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.inte
WILMINGTON, Del., Sept. 16, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile, video and AI technology research and development company, has announced targets of $1 billion in annual recurring revenue and $600 million in adjusted EBITDA by 2030. "In the past four years, we have almost doubled our revenue, improved our execution across the business, and taken multiple steps to enhance shareholder value," noted Liren Chen, President and CEO, InterDigital. "Based on our world-class innovation in wireless, video and AI, accelerating momentum across the business, the large addressable markets available to us, and new greenfield opportunities, we believe we are perfectly posit
WILMINGTON, Del., Sept. 10, 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 approved an increase in the company's quarterly cash dividend from $0.40 to $0.45 per share. The increase in the regular quarterly dividend will take effect beginning with the dividend paid in fourth quarter 2024. The Board of Directors also declared a regular quarterly cash dividend of $0.45 per share on its common stock, payable on October 23, 2024, to shareholders of record at the close of business on October 9, 2024. About InterDigital® InterDigital is a global research and developme
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
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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.
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
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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