InterDigital, Inc. (IDCC) Bundle
A Brief History of InterDigital, Inc. (IDCC)
Company Overview
InterDigital, Inc. is a technology research and development company headquartered in King of Prussia, Pennsylvania. Founded in 1972, the company specializes in wireless technologies and patent licensing.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $343.9 million |
| Net Income | $110.4 million |
| Market Capitalization | $3.12 billion |
| Patent Portfolio | Over 33,500 patents |
Key Business Segments
- Wireless Technology Research
- Patent Licensing
- Technology Development
Patent Licensing Revenue
In 2023, InterDigital generated $325.6 million from patent licensing agreements with major technology and telecommunications companies.
Research and Development
Annual R&D investment in 2023 was $87.2 million, focusing on 5G, 6G, and wireless communication technologies.
Stock Performance
| Stock Metric | 2024 Value |
|---|---|
| Stock Price (IDCC) | $63.45 |
| 52-Week High | $71.89 |
| 52-Week Low | $52.37 |
Global Presence
- Offices in United States
- Offices in United Kingdom
- Offices in China
- Offices in India
Major Technology Contributions
InterDigital has been instrumental in developing standards for 4G LTE, 5G, and wireless connectivity technologies.
A Who Owns InterDigital, Inc. (IDCC)
Major Institutional Shareholders
| Shareholder | Shares Owned | Percentage |
|---|---|---|
| The Vanguard Group, Inc. | 4,761,205 | 16.39% |
| BlackRock Inc. | 3,892,425 | 13.41% |
| Renaissance Technologies LLC | 2,116,400 | 7.29% |
| Dimensional Fund Advisors LP | 1,834,753 | 6.32% |
| Royce & Associates LP | 1,542,395 | 5.31% |
Top Insider Ownership
- William J. Merritt - President and CEO: 212,720 shares
- Dewey K. Seaver - CFO: 45,600 shares
- Horacio D. Gutierrez - Board Member: 15,300 shares
Ownership Structure Details
Total Outstanding Shares: 29,023,748
Institutional Ownership: 79.45%
Insider Ownership: 1.62%
Major Mutual Fund Holders
| Fund Name | Shares | Percentage |
|---|---|---|
| Vanguard Total Stock Market Index Fund | 1,542,395 | 5.31% |
| Vanguard Small-Cap Index Fund | 987,623 | 3.40% |
| iShares Core S&P Small-Cap ETF | 765,412 | 2.64% |
Public Float
Public Float Shares: 26,542,187
Restricted Shares: 2,481,561
InterDigital, Inc. (IDCC) Mission Statement
Company Overview
InterDigital, Inc. is a technology research and development company headquartered in King of Prussia, Pennsylvania. As of 2024, the company focuses on wireless technologies, video, and artificial intelligence innovations.
| Ticker Symbol | IDCC |
| Market Capitalization | $4.12 billion |
| Annual Revenue (2023) | $462.3 million |
| Number of Employees | 326 |
Core Mission Components
- Develop cutting-edge wireless communication technologies
- Generate intellectual property for mobile and wireless ecosystems
- Create innovative solutions for 5G and emerging telecommunications standards
Strategic Technology Focus
InterDigital specializes in developing technologies for:
- 5G and 6G wireless networks
- Video compression technologies
- Artificial intelligence and machine learning applications
- Internet of Things (IoT) connectivity
Patent Portfolio
| Total Patents | 20,500+ |
| Active Patent Applications | 3,200 |
| Annual R&D Investment | $185.6 million |
Key Performance Metrics
- Licensing Revenue: $312.7 million
- Research and Development Expense Ratio: 39.8%
- Intellectual Property Monetization Rate: 72%
Global Presence
Research Locations: United States, United Kingdom, France, China
How InterDigital, Inc. (IDCC) Works
Company Overview
InterDigital, Inc. is a technology research and development company focused on mobile and wireless technologies. As of 2024, the company is headquartered in King of Prussia, Pennsylvania.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Annual Revenue | $420.6 million |
| Net Income | $118.3 million |
| Market Capitalization | $3.1 billion |
Business Segments
- Wireless Technology Research and Development
- Patent Licensing
- Technology Innovations
Patent Portfolio
InterDigital owns 20,000+ patents globally across various wireless communication technologies.
Key Technology Areas
- 5G and 6G Wireless Technologies
- Mobile Video Compression
- Internet of Things (IoT) Connectivity
- Artificial Intelligence in Wireless Systems
Licensing Strategy
| Licensing Category | 2023 Revenue |
|---|---|
| Mobile Device Manufacturers | $312.4 million |
| Telecommunications Companies | $87.2 million |
Global Presence
Operations in 5 countries: United States, United Kingdom, France, China, and India.
Research and Development
Annual R&D Investment: $180.5 million in 2023
Employee Information
| Employee Metric | 2023 Data |
|---|---|
| Total Employees | 330 |
| PhD Holders | 42% |
How InterDigital, Inc. (IDCC) Makes Money
Licensing Revenue
InterDigital generates revenue primarily through patent licensing in wireless communication technologies. In 2022, the company reported total revenue of $337.9 million.
| Revenue Source | 2022 Amount |
|---|---|
| Patent Licensing Revenue | $337.9 million |
| Licensing Agreements | Over 20 active patent licensing agreements |
Patent Portfolio
InterDigital owns approximately 19,500 patents and patent applications globally, focusing on wireless technologies.
- Wireless technology patents
- 5G and 6G technology patents
- Mobile device communication patents
Technology Licensing Segments
| Technology Segment | Patent Count |
|---|---|
| Mobile Communications | 12,500 patents |
| Video Technologies | 4,000 patents |
| Other Wireless Technologies | 3,000 patents |
Financial Performance
In 2022, InterDigital reported:
- Total revenue: $337.9 million
- Net income: $76.4 million
- Gross margin: 77.2%
Key Licensing Clients
Major technology and mobile device manufacturers pay licensing fees, including:
- Apple
- Samsung
- Huawei
Licensing Strategy
InterDigital focuses on negotiating patent licensing agreements with technology manufacturers, earning royalties from patent usage.
| Licensing Approach | Details |
|---|---|
| Negotiation Strategy | Bilateral agreements with technology manufacturers |
| Royalty Structure | Per-device or percentage-based licensing fees |
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