InterDigital Inc

IDCC remains in a clear medium-term advance with EMAs stacked bullish and a Parabola pattern signaling acceleration, but price is currently extended above the EMAs and in overbought territory, so it is prudent to patiently stalk for a pullback into the EMA/50-SMA support zone before engaging.

• ↑Annualized recurring revenue reached $626M, up 13% YoY, with licensing covering 85% of top smartphone makers
• ↑Q2 revenue $260M drove a 71% adj. EBITDA margin ($184M) and non-GAAP EPS of $4.62
• ↓Negative earnings yield and poor book-to-price suggest overvaluation risk