InterDigital Renews Major Chinese Vendor Licensing Agreement

An update from InterDigital ( (IDCC) ) is now available.

InterDigital has renewed a worldwide, non-exclusive, royalty-bearing license agreement with a major Chinese vendor for a five-year term, covering the vendor’s smartphones and other cellular-enabled devices under InterDigital’s standard essential cellular, WiFi, and HEVC patent portfolio. The agreement underscores the continued commercial relevance of InterDigital’s intellectual property and supports ongoing licensing revenue from a key market, reinforcing the company’s position as a significant patent licensor to global device manufacturers.

The most recent analyst rating on (IDCC) stock is a Buy with a $383.00 price target. To see the full list of analyst forecasts on InterDigital stock, see the IDCC Stock Forecast page.

Spark’s Take on IDCC Stock

According to Spark, TipRanks’ AI Analyst, IDCC is a Outperform.

InterDigital’s strong financial performance and positive earnings call sentiment are the most significant factors driving the stock score. The company’s robust profitability, growth, and strategic achievements in licensing and arbitration are key strengths. However, mixed technical indicators and ongoing litigation challenges slightly temper the overall outlook.

To see Spark’s full report on IDCC stock, click here.

More about InterDigital

InterDigital is a technology research and development company that develops and licenses patents essential to wireless communications and video technologies, including standard essential cellular, WiFi, and HEVC (video compression) patents, serving device manufacturers and other participants in the global communications and consumer electronics markets.

Average Trading Volume: 295,296

Technical Sentiment Signal: Buy

Current Market Cap: $8.65B

For an in-depth examination of IDCC stock, go to TipRanks’ Overview page.