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Held by 531 of 5,944 reporting institutions (97th percentile) — extremely crowded.
Data as of Q1 2026
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Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $321.94 today, the market must believe free cash flow compounds 10.1%/yr for a decade (off $335M normalized FCF).
The market's 10.1% is more optimistic than its 9-yr track record.
2-stage DCF · 0.03B shares · net debt -$264M
mean 18.0% · volatility σ 66% · implied rate exceeded in 4/9 yrs
Central path = implied 10.1%/yr growth; shaded band = ±1σ (66%) of this company's historical FCF volatility, widening with time. The wider the band, the less certain the growth.
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. Educational — not a recommendation.
Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
7/8 of the 9 checks — 1 couldn't be scored (see above), so the score is out of the 8 with data.
Safe > 2.99 · grey 1.81–2.99 · distress < 1.81
Needs granular two-year detail (receivables, PP&E, D&A, SG&A) — not fully reported.
Earnings are backed by cash (FCF ≥ net income) — high quality. Lower/negative accruals = higher quality (Sloan).
Comfortably covers interest; leverage falling year-over-year.
F-Score (0–9 fundamental momentum), Altman Z (distress risk), and Beneish M (earnings-manipulation screen) are academic models computed from the SEC filings. Screens and context — educational, not recommendations.
What the company returns to shareholders — and whether it's covered by cash.
The dividend is comfortably covered — only 11% of free cash flow, leaving room to grow it and fund buybacks. Last year: $61M dividends + $102M buybacks = $163M returned on $529M FCF.
5 consecutive years of dividend increases · 11%/yr.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A cash-return story — far more went to shareholders than back into the business (mature, low-reinvestment).
Modest payoff on reinvested capital. Current ROIC on all capital: 26%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $739M covers all $586M of scheduled principal — no refinancing pressure. Scheduled principal only (excludes interest & revolver draws). As of 2022-12-31 (10-K).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest is easily covered by operating profit. Effective rate ~8.4% on $475M of debt.
Cash of $739M fully covers short-term debt of $458M.
Mostly short-term debt (balance-sheet current vs non-current split). See the maturity ladder above for the year-by-year repayment schedule.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
EOD close · as of 2026-09-17
How a revenue dollar becomes profit — FY2025
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $834.0M 100.0% | $868.5M 100.0% | $549.6M 100.0% | $457.8M 100.0% | $425.4M 100.0% | $359.0M 100.0% | $318.9M 100.0% | $307.4M 100.0% | $532.9M 100.0% | $665.9M 100.0% |
| Research & Development | — | — | — | $185.2M 40.5% | $200.5M 47.1% | $204.4M 56.9% | $74.9M 23.5% | $69.7M 22.7% | $75.7M 14.2% | $73.1M 11.0% |
| Selling, General & Admin | $68.1M 8.2% | $62.9M 7.2% | $53.3M 9.7% | $47.4M 10.3% | $61.2M 14.4% | $49.0M 13.6% | $51.3M 16.1% | $51.0M 16.6% | $53.1M 10.0% | $52.1M 7.8% |
| Total Operating Expenses | $373.2M 44.7% | $429.0M 49.4% | $328.0M 59.7% | $307.3M 67.1% | $354.2M 83.3% | $303.8M 84.6% | $281.1M 88.1% | $244.8M 79.6% | $231.4M 43.4% | $228.5M 34.3% |
| Operating Income | $460.9M 55.3% | $439.5M 50.6% | $221.6M 40.3% | $150.5M 32.9% | $71.2M 16.7% | $55.2M 15.4% | $37.8M 11.9% | $62.6M 20.4% | $301.5M 56.6% | $437.3M 65.7% |
| Interest Expense | $40.0M 4.8% | $45.4M 5.2% | $44.8M 8.2% | $29.5M 6.4% | $25.2M 5.9% | $40.8M 11.4% | $41.0M 12.8% | $36.0M 11.7% | $17.8M 3.3% | $21.1M 3.2% |
| Other Income (Expense), net | $48.5M 5.8% | $35.3M 4.1% | $57.8M 10.5% | -$3.5M -0.8% | $11.6M 2.7% | $16.9M 4.7% | $29.1M 9.1% | $5.4M 1.8% | $8.7M 1.6% | -$15.0M -2.3% |
| Pretax Income | $469.4M 56.3% | $429.4M 49.4% | $234.6M 42.7% | $117.6M 25.7% | $57.6M 13.5% | $31.3M 8.7% | $25.9M 8.1% | $32.1M 10.4% | $292.4M 54.9% | $422.3M 63.4% |
| Income Tax Expense | $62.8M 7.5% | $70.8M 8.2% | $23.6M 4.3% | $25.5M 5.6% | $15.4M 3.6% | -$6.6M -1.9% | $11.0M 3.4% | -$27.4M -8.9% | $121.7M 22.8% | $116.8M 17.5% |
| Net Income | $406.6M 48.8% | $358.6M 41.3% | $214.1M 39.0% | $93.7M 20.5% | $55.3M 13.0% | $44.8M 12.5% | $20.9M 6.6% | $65.0M 21.2% | $176.2M 33.1% | $309.0M 46.4% |
| Per Share | ||||||||||
| EPS (Basic) | $15.77 | $14.16 | $7.97 | $3.11 | $1.80 | $1.46 | $0.66 | $1.89 | $5.09 | $8.95 |
| EPS (Diluted) | $11.80 | $12.07 | $7.62 | $3.07 | $1.77 | $1.44 | $0.66 | $1.84 | $4.93 | $8.78 |
| Weighted Avg Shares (Basic) | 25.8M | 25.3M | 26.9M | 30.1M | 30.8M | 30.8M | 31.5M | 34.5M | 34.6M | 34.5M |
| Weighted Avg Shares (Diluted) | 34.5M | 29.7M | 28.1M | 30.5M | 31.3M | 31.1M | 31.8M | 35.3M | 35.8M | 35.2M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
EOD close · as of 2026-09-17
No material risks flagged.
Where each multiple sits in its own 14-yr range · 93th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 14-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
Returns are margin-driven, not leverage-driven — higher quality.
What the company owes vs. what it holds
Year-by-year maturities aren't in SEC companyfacts (footnote-only), so this shows the debt/cash structure and net leverage instead.
Latest year: profit growth vs revenue growth
Profit and sales moved in opposite directions this year.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| R&D | 22.7 | 23.5 | 56.9 | 47.1 | 40.5 | — | — | — |
| SG&A | 16.6 | 16.1 | 13.6 | 14.4 | 10.3 | 9.7 | 7.2 | 8.2 |
| Operating Income | 20.4 | 11.9 | 15.4 | 16.7 | 32.9 | 40.3 | 50.6 | 55.3 |
| Income Tax | -8.9 | 3.4 | -1.9 | 3.6 | 5.6 | 4.3 | 8.2 | 7.5 |
| Net Income | 21.2 | 6.6 | 12.5 | 13.0 | 20.5 | 39.0 | 41.3 | 48.8 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on IDCC: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
Ranked against 743 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-03-31.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| TSM | $11.16T | — | — | — | — | — | — | — | — | — | 3,121 |
| NVDA | $5.33T | 44.8× | 40.0× | 24.7× | 65.5% | 71.1% | 55.6% | 76.3% | 72.4% | 0.1× | 5,582 |
| AAPL | $4.98T | 45.2× | 34.8× | 12.0× | 6.4% | 46.9% | 26.9% | 152% | 68.1% | 0.6× | 5,858 |
| MSFT | $3.70T | 27.7× | 19.6× | 11.1× | 17.8% | 67.9% | 40.3% | 30.2% | 27.7% | 0.2× | 5,944 |
| AVGO | $1.65T | 72.8× | 65.1× | 25.8× | 23.9% | 67.8% | 36.2% | 28.4% | 15.8% | 2.5× | 4,442 |
| MU | $1.10T | 128.8× | 60.7× | 29.3× | 48.9% | 39.8% | 22.8% | 15.8% | 12.9% | 0.7× | 2,894 |
| AMD | $888.5B | 205.7× | 210.2× | 25.6× | 34.3% | 49.5% | 12.5% | 6.9% | 6.5% | 0.8× | 3,059 |
| INTC | $543.3B | — | 67.4× | 10.3× | -0.5% | 34.8% | -0.5% | -0.2% | -0.2% | 5.5× | 2,495 |
| CSCO | $436.6B | 43.2× | 36.6× | 7.7× | 5.3% | 64.9% | 18.0% | 21.7% | 13.6% | 2.3× | 3,560 |
| PLTR | $421.4B | 279.8× | 291.6× | 94.2× | 56.2% | 82.4% | 36.3% | 22.0% | 22.0% | — | 2,883 |
| DELL | $383.6B | 67.8× | 36.1× | 3.4× | 18.8% | 20.0% | 5.2% | -240% | 20.4% | 2.8× | 1,564 |
| LRCX | $341.7B | 64.9× | 54.5× | 18.5× | 23.7% | 48.7% | 29.1% | 54.3% | 37.4% | 0.7× | 2,500 |
| RPAY | $338.0B | — | — | 1092.8× | -1.2% | 75.0% | -83.0% | -53.0% | -28.2% | -1.7× | 142 |
| AMAT | $331.0B | 48.2× | 38.1× | 11.7× | 4.4% | 48.7% | 24.7% | 34.3% | 25.9% | 0.8× | 2,826 |
| UMC | $307.4B | — | — | — | — | — | — | — | — | — | 302 |
| ARM | $281.9B | 311.6× | 242.9× | 57.3× | 22.8% | 97.5% | 18.4% | 10.9% | 10.9% | — | 730 |
| SAP | $262.5B | — | — | — | — | — | — | — | — | — | 794 |
| ANET | $250.7B | 72.6× | 63.3× | 27.8× | 28.6% | 64.1% | 39.0% | 28.4% | 28.4% | — | 1,930 |
| PANW | $250.5B | 234.4× | 156.5× | 27.2× | 14.9% | 73.4% | 12.3% | 14.5% | 14.5% | — | 2,374 |
| SNDK | $235.7B | — | — | 32.0× | 10.4% | 30.1% | -22.3% | -17.8% | -14.8% | -1.5× | 1,127 |
| TXN | $234.6B | 47.4× | 30.9× | 13.3× | 13.0% | 57.0% | 28.3% | 30.7% | 16.5% | 1.8× | 2,345 |
| CRM | $225.6B | 31.1× | 24.4× | 5.4× | 9.6% | 77.7% | 18.0% | 12.6% | 10.1% | 1.5× | 2,547 |
| IBM | $222.8B | 21.3× | — | 3.3× | 7.6% | 58.2% | 15.7% | 32.4% | 11.3% | — | 3,351 |
| MRVL | $204.0B | 78.4× | 133.3× | 24.9× | 42.1% | 51.0% | 32.6% | 18.7% | 14.2% | 2.9× | 1,477 |
| QCOM | $202.7B | 37.7× | 15.2× | 4.6× | 13.7% | 55.4% | 12.5% | 26.1% | 15.4% | 1.1× | 2,611 |
| IDCC | $8.3B | 27.3× | 14.9× | 9.9× | -4.0% | — | 48.8% | 36.9% | 25.8% | 0.9× | 531 |
Peers = companies sharing IDCC's sector (Technology) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.