InterDigital, Inc. (IDCC) Stock Faces Higher Risks Forward After Forming Bearish Wedge Down Chart Pattern

June 20, 2017 - By Hazel Jackson

Investors sentiment decreased to 0.95 in Q4 2016. Its down 0.35, from 1.3 in 2016Q3. It dropped, as 30 investors sold InterDigital, Inc. shares while 88 reduced holdings. 41 funds opened positions while 71 raised stakes. 22.76 million shares or 1.73% less from 23.16 million shares in 2016Q3 were reported.
Moreover, Thrivent Fincl For Lutherans has 0% invested in InterDigital, Inc. (NASDAQ:IDCC). Parametric Portfolio Ltd stated it has 0.01% in InterDigital, Inc. (NASDAQ:IDCC). Ls Ltd Liability Corporation stated it has 2,354 shares or 0.02% of all its holdings. Breton Hill Limited owns 3,095 shares. First Tru Advisors Ltd Partnership holds 0.01% in InterDigital, Inc. (NASDAQ:IDCC) or 46,826 shares. Hbk Invests Lp has 3,900 shares for 0% of their portfolio. Hanseatic Services holds 0.52% of its portfolio in InterDigital, Inc. (NASDAQ:IDCC) for 10,100 shares. Creative Planning holds 0% of its portfolio in InterDigital, Inc. (NASDAQ:IDCC) for 6,746 shares. Menta Capital Lc invested in 0.3% or 38,819 shares. Shell Asset Mngmt accumulated 7,050 shares. Texas-based Teacher Retirement Sys Of Texas has invested 0% in InterDigital, Inc. (NASDAQ:IDCC). Valley Natl Advisers reported 100 shares. Wealthcare Capital Mgmt Lc holds 525 shares. Nomura Inc holds 140,333 shares. Freestone Cap Ltd Limited Liability Company invested 0% of its portfolio in InterDigital, Inc. (NASDAQ:IDCC).

The stock of InterDigital, Inc. (IDCC) formed a down wedge with $74.47 target or 8.00 % below today’s $80.95 share price. The 9 months wedge indicates high risk for the $2.79B company. If the $74.47 price target is reached, the company will be worth $223.20 million less.
Falling wedges are poor performers for bullish breakouts and are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 11% and 15%. The average rise is 32% and the decline is 15%. The falling wedges has high throwback and pullback rate: 56%, 69% and the percent of wedges meeting target is not very high.

The stock increased 1.63% or $1.3 during the last trading session, reaching $80.95. About shares traded. InterDigital, Inc. (NASDAQ:IDCC) has risen 50.23% since June 20, 2016 and is uptrending. It has outperformed by 33.53% the S&P500.

Investors wait InterDigital, Inc. (NASDAQ:IDCC) to report on August, 1. its quarterly earnings Wall Street analysts expect $0.63 EPS, up $0.15 or 31.25 % from last year’s $0.48 same quarter earnings. This translates into $21.71 million profit for IDCC giving the stock a 32.12 P/E. This is assuming the current $0.63 EPS is accurate. InterDigital, Inc.’s Wall Street analysts see -32.26 % negative EPS growth, taking into account the $0.93 EPS reproted in the previous quarter,

InterDigital, Inc. (NASDAQ:IDCC) Ratings Coverage

Among 4 analysts covering InterDigital (NASDAQ:IDCC), 0 have Buy rating, 0 Sell and 4 Hold. Therefore 0 are positive. InterDigital had 10 analyst reports since August 11, 2015 according to SRatingsIntel. Dougherty & Company downgraded the shares of IDCC in report on Wednesday, October 5 to “Neutral” rating. The firm has “Equal Weight” rating given on Friday, September 9 by Barclays Capital. On Tuesday, September 29 the stock rating was initiated by Sidoti with “Buy”. The rating was downgraded by Zacks on Tuesday, August 11 to “Buy”. B. Riley & Co initiated InterDigital, Inc. (NASDAQ:IDCC) on Tuesday, February 23 with “Buy” rating. The firm earned “Equal Weight” rating on Wednesday, November 11 by Barclays Capital. The firm earned “Neutral” rating on Wednesday, December 7 by Sidoti. Barclays Capital maintained InterDigital, Inc. (NASDAQ:IDCC) rating on Friday, February 24. Barclays Capital has “Equal Weight” rating and $88 target. The stock has “Neutral” rating by B. Riley & Co on Monday, September 26.

More recent InterDigital, Inc. (NASDAQ:IDCC) news were published by: Globenewswire.com which released: “InterDigital Hosts 2017 Annual Meeting of Shareholders” on June 14, 2017. Also Globenewswire.com published the news titled: “InterDigital Announces Webcast of Virtual Annual Meeting of Shareholders” on June 08, 2017. Prnewswire.com‘s news article titled: “Technical Research on Wireless Communications Equities — Sprint, America …” with publication date: June 20, 2017 was also an interesting one.

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