InterDigital Inc (NASDAQ: IDCC) has reported E.P.S. of $3.20 for its first fiscal quarter (ending March 31) versus $3.66 for the same period a year ago — a decline of -13%. However, this performance was $1.77 better than the consensus estimate of $1.42. E.P.S. were $7.35 for the latest four quarters through March 31 versus $6.19 for the same period a year ago — an increase of 19%.
Recent Price Action
On 5/2/24, InterDigital Inc (NASDAQ: IDCC) stock enjoyed a very large increase of 5.1%, closing at $102.86. Moreover, exceptionally high trading volume at 203% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 3.2% during the last week.
Current PriceTarget Research Rating
IDCC’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
InterDigital has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. InterDigital has a poor Appreciation Score of 20 but a very high Power Rating of 85, with the Neutral Value Trend Rating the result.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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