InterDigital Stock Soars (IDCC)

NEW YORK (TheStreet) -- Shares of InterDigital (Nasdaq:IDCC) have taken a tremendous swing upward. The stock is trading at $27.75 as of 12:15 p.m. ET, 21.3% above Friday's closing price of $22.88. Volume is at 440,787, 0.6 times the daily average of 769,300.

InterDigital has a market cap of $999.7 million and is part of the technology sector and telecommunications industry. Shares are down 48.3% year to date as of the close of trading on Friday.

InterDigital, Inc. engages in the design and development of technologies that enable and enhance wireless communications. The company offers technology solutions for use in digital cellular and wireless products and networks, including 2G, 3G, 4G, and IEEE 802-related products and networks. The company has a P/E ratio of 13.5, equal to the average telecommunications industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates InterDigital as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and weak operating cash flow. You can view the full InterDigital Ratings Report.

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