InterDigital Inc. (IDCC) Declares Quarterly Dividend of $0.10
InterDigital (NASDAQ:IDCC) declared a quarterly dividend on Thursday, September 12th, American Banking and Market News reports. Investors of record on Wednesday, October 9th will be given a dividend of $0.10 per share on Wednesday, October 23rd. This represents a $0.40 dividend on an annualized basis and a yield of 1.07%.
Several analysts have recently commented on the stock. Analysts at Thomson Reuters/Verus downgraded shares of InterDigital (NASDAQ:IDCC) from a “buy” rating to a “hold” rating in a research note to investors on Monday, August 5th. Analysts at M Partners upgraded shares of InterDigital (NASDAQ:IDCC) to a “buy” rating in a research note to investors on Friday, July 5th.
Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $49.33.
Shares of InterDigital (NASDAQ:IDCC) traded down 0.56% during mid-day trading on Thursday, hitting $37.06. The stock had a trading volume of 117,205 shares. InterDigital has a 1-year low of $32.78 and a 1-year high of $48.68. The stock’s 50-day moving average is $37.24 and its 200-day moving average is $42.5. The company has a market cap of $1.526 billion and a price-to-earnings ratio of 6.23.
InterDigital (NASDAQ:IDCC) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.22 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.15 by $0.07. The company had revenue of $67.70 million for the quarter, compared to the consensus estimate of $68.18 million. During the same quarter in the prior year, the company posted $0.22 earnings per share. The company’s quarterly revenue was down 5.8% on a year-over-year basis. On average, analysts predict that InterDigital will post $-0.24 earnings per share for the current fiscal year.
InterDigital, Inc (NASDAQ:IDCC) designs and develops advanced technologies for wireless communications.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.