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May 22, 2019

InterDigital (IDCC, $66.00) likely to license 5G tech to Huawei, despite the U.S. ban

InterDigital Wireless Inc disclosed that it is free to license its 5G network technology to Huawei Technologies Co Ltd despite the threat of a U.S. ban on selling chips and software to the form of the Chinese communications.

InterDigital and Qualcomm (QCOM) are the two leading American holders of patents for wireless networking technology, including the 5G networks rolling out this year in China. However, last week President Trump issued a sanction on U.S. firms to sell technology to Chinese counterparts though officials say that some of these restrictions are valid for only 90 days.

InterDigital generates revenue by developing wireless technologies and then licenses out its patents. It believes it can still strike the 5G deal with Huawei as export control laws are not applicable to patents, which are public records and therefore not confidential technology.

The same is the situation with Qualcomm who too generates revenue by licensing out patents which only means that the company cannot sue the buyers.

Following Trump’s sanctions, both the companies are now in the middle of a license dispute with Huawei over 5G technology. It is reported that Huawei sued InterDigital in China as the latter was charging too high for patents. On the other hand, Qualcomm has had a patent deal with Huawei since 2014, but Huawei stopped paying in 2017. 

Huawei, the world’s third-largest smartphone provider and also a major provider of telecommunications gear, is a big customer for both InterDigital and Qualcomm. The Chinese tech firm accounted for 14% of InterDigital’s $533 million in revenue in 2017.

Related Ticker: IDCC

IDCC in upward trend: price rose above 50-day moving average on May 02, 2024

IDCC moved above its 50-day moving average on May 02, 2024 date and that indicates a change from a downward trend to an upward trend. In of 43 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for IDCC just turned positive on April 18, 2024. Looking at past instances where IDCC's MACD turned positive, the stock continued to rise in of 43 cases over the following month. The odds of a continued upward trend are .

The 10-day moving average for IDCC crossed bullishly above the 50-day moving average on May 07, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 19 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where IDCC advanced for three days, in of 288 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 188 cases where IDCC Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 14 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 14 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where IDCC declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

IDCC broke above its upper Bollinger Band on May 06, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (4.266) is normal, around the industry mean (29.915). P/E Ratio (12.776) is within average values for comparable stocks, (156.133). Projected Growth (PEG Ratio) (0.805) is also within normal values, averaging (2.723). Dividend Yield (0.015) settles around the average of (0.081) among similar stocks. P/S Ratio (4.978) is also within normal values, averaging (55.988).

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 90, placing this stock better than average.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. IDCC’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

Notable companies

The most notable companies in this group are Microsoft Corp (NASDAQ:MSFT), Oracle Corp (NYSE:ORCL), Salesforce (NYSE:CRM), Adobe (NASDAQ:ADBE), Intuit (NASDAQ:INTU), Uber Technologies (NYSE:UBER), SERVICENOW (NYSE:NOW), Shopify (NYSE:SHOP), Palo Alto Networks (NASDAQ:PANW), CrowdStrike Holdings (NASDAQ:CRWD).

Industry description

Packaged software comprises multiple software programs bundled together and sold as a group. For example, Microsoft Office includes multiple applications such as Excel, Word, and PowerPoint. In some cases, buying a bundled product is cheaper than purchasing each item individually[s20] . Microsoft Corporation, Oracle Corp. and Adobe are some major American packaged software makers.

Market Cap

The average market capitalization across the Packaged Software Industry is 10.23B. The market cap for tickers in the group ranges from 291 to 3.15T. MSFT holds the highest valuation in this group at 3.15T. The lowest valued company is BLGI at 291.

High and low price notable news

The average weekly price growth across all stocks in the Packaged Software Industry was 0%. For the same Industry, the average monthly price growth was 4%, and the average quarterly price growth was 20%. TPPM experienced the highest price growth at 530%, while MTC experienced the biggest fall at -92%.

Volume

The average weekly volume growth across all stocks in the Packaged Software Industry was -6%. For the same stocks of the Industry, the average monthly volume growth was 2% and the average quarterly volume growth was 241%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 52
P/E Growth Rating: 76
Price Growth Rating: 59
SMR Rating: 84
Profit Risk Rating: 89
Seasonality Score: 13 (-100 ... +100)
Related Portfolios: Large-Cap Technology Stocks
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General Information

a developer of advanced wireless technologies

Industry PackagedSoftware

Profile
Fundamentals
Details
Industry
Telecommunications Equipment
Address
200 Bellevue Parkway
Phone
+1 302 281-3600
Employees
450
Web
https://www.interdigital.com
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