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Thomson Reuters Company in Context ReportUpdated June 24, 2013 INTERDIGITAL INC PA (IDCC-O)
Technology Equipment / Communications & Networking / Communications & Networking
Verus Opinion
Analyst Recommendations
The Verus Opinion, provided by Verus Analytics Inc, is an empirically-derived and historically back-tested stock rating system with buy, sell, and hold opinions. To develop a rating the quantitative system analyzes a firm's earnings quality, balance sheet, and income statement, conducts technical and valuation analysis and evaluatesthe transactions made by the company's managementand directors (i.e. insiders).
Verus Analytics, Inc is a private independent research First Call Mean (FC) is the mean recommendation of all firm specializing in engineering institutional rating Key Information
1-Year Price Chart
5-Year Price Chart
Business Description
InterDigital, Inc. (InterDigital) designs and develops advanced technologies for wireless communications. It has designed and developed a range of technologies that are used in digital cellular and wireless products and networks, including second generation (2G), third generation (3G), fourth generation (4G) and IEEE 802-related products and networks. It is a contributor of intellectual property to the wireless communications industry. As of December 31, 2012, InterDigital's wholly owned subsidiaries held a portfolio of over 19,000 patents and patent applicationsrelated to the fundamental technologies that enable wireless communications.
Products incorporating its patented inventions include: mobile devices, such ascellular phones, tablets, notebook computers and wireless personal digitalassistants; wireless infrastructure equipment, such as base stations, andcomponents, dongles and modules for wireless devices.
Please refer to the last page for important disclaimer and certification information
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Thomson Reuters Company in Context ReportUpdated June 24, 2013 for IDCC Peer Analysis
Peer Group
Earnings Highlights
- Over the past 4 quarters, the company has reported 2 positive (>2%), 2 negative (<-2%), and 0 in-line (within 2%) surprises. The average surprise for this time period has been -4.9%. Most recently on 04/25/13, the company reported quarterly earnings of -0.30 pershare, a negative surprise of -47.8% below the consensus of -0.20.
- IDCC's current quarter consensus estimate has increased notably over the past 90 days from -0.17 to 0.07, a gain of 137.6%. This improvement is significantly greater than its Industry average of -8.0% during the same time period.
- Over the past 90 days, the consensus price target for IDCC has increased notably from 40.60 to 48.80, a gain of 20.2%.
Analyst Recommendations
Price Target
The chart below indicates where analysts predict the stockprice will be within the next 12 months, as compared to the current price. The high, low, and mean price targets arepresented.
Analysts typically rate a stock based on a five-tier scale ranging from 'Strong Buy' to 'Sell'. The chart below displays the number Mean Estimate Trend
2013 Thomson Reuters. All rights reserved.
Thomson Reuters Company in Context ReportUpdated June 24, 2013 for IDCC Earnings Per Share
Earnings per share (EPS) is calculated by dividing a company's earnings
a sign of weakness. The charts below provide a comparison between by the number of shares outstanding. Analysts tend to interpret a pattern a company's actual and estimated EPS, including the high and low of increasing earnings as a sign of strength and flat or falling earnings as Earnings Surprise
Investors frequently compare a company's actual earnings
The difference between the two is referred to as a "positive" or "negative" surprise.
to the mean expectation of professional analysts.
Academic research has shown that when a company reports a surprise, it is often followedby more of the same surprise type.
Annual Revenue
A pattern of increasing sales in conjunction
with a rising EPS may influence a buy
recommendation, while flat or falling sales and faltering earnings may explain a sell recommendation. A rising EPS with flat or falling sales may result from increased cost efficiency and margins, rather than market forecast trend of all analysts and the highest 400.0M 301.7M and lowest projections for the current and Fundamental Highlights
-
Of the 76 firms within the Communications & Networking Industry, - The company's net margin has been higher than its Industry average INTERDIGITAL INC PA is among the 19 companies that pay a dividend. The stock's dividend yield is currently 0.9%.
The company's current ratio is at its five-year high.
2013 Thomson Reuters. All rights reserved.
Thomson Reuters Company in Context ReportUpdated June 24, 2013 for IDCC Fundamental Metrics
Profitability
Dividend
Revenue Growth
Current Ratio
Div. Growth Rate
Gross Margin
Debt-to-Capital
Dividend Funding
Return on Equity
Interest Funding
Dividend Coverage
Net Margin
Interest Coverage
Current Div. Yield
The time period stated applies to the company-level data only. The Industry Average is a simple average of the most recent data from companieswhose businesses most closely match each other.
Risk Highlights
-
On days when the market is up, IDCC tends to underperform versus - In the short term, IDCC has shown high correlation (>0.4) with the the S&P 500 index. Also, on days when the market is down, the S&P 500 index. The stock has, however, shown low correlation (>=- shares generally decrease more than the S&P 500 index.
0.1 and 0.2) with the market in the long term.
Over the last 90 days, IDCC's Standard Deviation has been 1.9 whilethat of the S&P 500 index has been 0.9.
Risk Metrics
Standard Deviation
Beta vs. S&P
Correlation vs. S&P
Intra-Day Swing
Beta vs. Group
Correlation vs. Group
Price Analysis: Risk and Reward
Price Performance
Daily closing pricing data is used to calculate the price performance of a
stock over five periods. The performance of the S&P 500 is also On 06/21/13, IDCC closed at 44.16, 9.3% below its 52-week high IDCC shares are currently trading 1.7% below their 50-day moving average of 44.93, and 3.2% above their 200-day moving average of The S&P 500 is currently 4.6% below its 52-week high and 21.2% 2013 Thomson Reuters. All rights reserved.
Thomson Reuters Company in Context ReportUpdated June 24, 2013 for IDCC Valuation Multiples
Trailing PE
Forward PE
Forward PEG
Trailing P/E is calculated using the most recent Forward P/E is calculated using the most recent Forward PEG is calculated by dividing the closing price (updated weekly) divided by the closing price (updated weekly) divided by the sum of the four most recently reported quarterly sum of the four upcoming quarterly consensus Insider Purchases and Sells
(Most recent transactions within the past 90 days) Seasonal Sells - Quarterly & Yearly
Seasonal Buys - Quarterly & Yearly
Time-series data for each quarter over the past three years allows you Time-series data for each quarter over the past three years allows you to easily analyze the longer-term trend in open-market insider selling.
to easily analyze the longer-term trend in open-market insider buying.
Institutional Holders
Top Executive Holders
The top five institutional holders are presented based on the total The top five insider holders are presented based on the total number of direct holdings. Indirect holdings are excluded. *Please see last pagefor role code legend.
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Thomson Reuters Company in Context ReportUpdated June 24, 2013 for IDCC Distribution of Investment Ratings
Investment Methodology
As of 06/21/2013, Verus Analytics covered 4307 Verus Analytics, Inc (Verus) is a private firm specializing companies, with 13.5% rated Buy, 68.5% rated Hold, and in engineering rating systems for institutional clients, 18.0% rated Sell. Verus Analytics does not engage in wealth managers and self-directed investors. Verus's exhaustive list of ratings include MSN Money'sStockScouter, and numerous institutional stock rating Disclaimer
systems. Verus also provides proprietary ratings of All information in this report is assumed to be accurate to earnings quality, fundamental and valuation elements the best of our ability. Past performance is not a directly to institutional clients. Verus (previously guarantee of future results. The information contained in Camelback Research Alliance, Inc and the quantitative this report is not to be construed as advice and should business unit of Gradient Analytics, Inc) was founded in not be confused as any sort of advice. Thomson 1996 by two former tenured professors, Dr. Carr Bettis Reuters, its employees, officers or affiliates, in some and Dr. Donn Vickrey. Today the core team consists of instances, have long or short positions or holdings in the financial engineers, business analysts and technology securities or other related investments of companies mentioned herein. Investors should consider this reportas only a single factor in making their investmentdecision.
The Verus Opinion is an empirically-derived andhistorically backtested stock rating system with buy, sell Role Legend
and hold opinions. To develop a rating, the quantitativesystem analyzes a firm's earnings quality, balance sheet, and income statement, conducts technical and valuation analysis, and evaluates the transactions made by the company's management and directors (i.e. insiders).
2013 Thomson Reuters. All rights reserved.

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