Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate InterDigital Inc before investing.

In this article, we go over a few key elements for understanding InterDigital Inc’s stock price such as:

• InterDigital Inc’s current stock price and volume
• Why InterDigital Inc’s stock price changed recently
• Upgrades and downgrades for IDCC from analysts
• IDCC’s stock price momentum as measured by its relative strength

About InterDigital Inc (IDCC)

Before we jump into InterDigital Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

InterDigital, Inc. is a global research and development company focused primarily on wireless, visual and related technologies. The Company licenses or intends to license its innovations worldwide to companies providing such products and services, including wireless communications, consumer electronics, personal computer, and automotive, as well as cloud-based services, such as video streaming. Its wholly owned subsidiaries hold a portfolio of approximately 28,800 patents and patent applications related to wireless communications, video coding, display technology, and other areas relevant to communications and entertainment products and services. The Company's video technology portfolio includes patents and applications relating to standards established by ISO/IEC Moving Picture Expert Group (MPEG), the ITU-T Video Coding Expert Group (VCEG), the Joint Collaborative Team on Video Coding (JCT-VC), and the Joint Video Expert Team (JVET), among others.

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InterDigital Inc’s Stock Price as of Market Close

As of February 15, 2024, 4:00 PM, CST, InterDigital Inc’s stock price was $116.15.

InterDigital Inc is up 11.01% from its previous closing price of $104.63.

During the last market session, InterDigital Inc’s stock traded between $102.98 and $105.09. Currently, there are 26.29 million shares of InterDigital Inc stock available for purchase.

InterDigital Inc’s price-earnings (P/E) ratio is currently at 14.6, which is low compared to the Communications & Networking industry median of 22.6. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

InterDigital Inc Stock Price History

InterDigital Inc’s (IDCC) price is currently up 10.57% so far this month.

During the month of February, InterDigital Inc’s stock price has reached a high of $116.88 and a low of $100.55.

Over the last year, InterDigital Inc has hit prices as high as $111.79 and as low as $66.82. Year to date, InterDigital Inc’s stock is up 134.74%.

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What Caused InterDigital Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of February 14, 2024, there were 0 analysts who downgraded InterDigital Inc’s stock and 2 analysts who upgraded over the last month.

Additionally, you'll want to evaluate InterDigital Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on InterDigital Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

InterDigital Inc’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about InterDigital Inc (IDCC) by visiting AAII Stock Evaluator.

Relative Price Strength of InterDigital Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of February 14, 2024, InterDigital Inc has a weighted four-quarter relative price strength of 3.87%, which translates to a Momentum Score of 79 and is considered to be Strong.

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InterDigital Inc Stock Price: Bottom Line

As of February 15, 2024, InterDigital Inc’s stock price is $116.15, which is up 11.01% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like InterDigital Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.