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Why InterDigital (IDCC) is a Top Value Stock for the Long-Term

Zacks Equity Research
·2-min read

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.

Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.

Why Investors Should Pay Attention to This Value Stock

Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, and Price/Cash Flow to highlight the most attractive and discounted stocks.

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InterDigital (IDCC)

Headquartered in Wilmington, DE, InterDigital, Inc. is a pioneer in advanced mobile technologies that enables wireless communications and capabilities. The company engages in designing and developing a wide range of advanced technology solutions, which are used in digital cellular as well as wireless 3G, 4G and IEEE 802-related products and networks.

IDCC sits at a Zacks Rank #3 (Hold), holds a Value Style Score of B, and has a VGM Score of B. Compared to the Wireless Equipment industry's P/E of 17.5X, shares of InterDigital are trading at a forward P/E of 18.7X. IDCC also has a PEG Ratio of 0.9, a Price/Cash Flow ratio of 11.3X, and a Price/Sales ratio of 3.2X.

Many value investors pay close attention to a company's earnings as well. For IDCC, two analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.24 to $2.63 per share for 2022. Per share IDCC boasts an average earnings surprise of 69.3%.

Investors should take the time to consider IDCC for their portfolios due to its solid Zacks Ranks, notable earnings and valuation metrics, and impressive Value and VGM Style Scores.


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InterDigital, Inc. (IDCC) : Free Stock Analysis Report
 
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Zacks Investment Research