InterDigital: Strong Moat, Lumpy Growth, Limited Upside (NASDAQ:IDCC)

Core Insights - InterDigital Inc. (NASDAQ: IDCC) is characterized as an intellectual property compounder with a strong competitive advantage due to its long-term licensing agreements with global OEMs [1] - The company is well-positioned in emerging verticals such as IoT and automotive, which contribute to a resilient cash flow foundation [1] Company Overview - InterDigital has established durable licensing agreements that provide a steady revenue stream [1] - The company's focus on innovative technologies in IoT and automotive sectors indicates potential for growth and diversification [1]