InterDigital Inc. Reaches New 12-Month Low at $28.07 (IDCC)
InterDigital (NASDAQ:IDCC)’s share price reached a new 52-week low during mid-day trading on Monday, ARN reports. The stock traded as low as $28.07 and last traded at $28.10, with a volume of 232,478 shares traded. The stock had previously closed at $28.96.
IDCC has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of InterDigital from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, January 2nd. They now have a $32.40 price target on the stock. Separately, analysts at Thomson Reuters/Verus downgraded shares of InterDigital from a “buy” rating to a “hold” rating in a research note to investors on Monday, November 4th. Finally, analysts at Thomson Reuters/Verus upgraded shares of InterDigital from a “hold” rating to a “buy” rating in a research note to investors on Monday, October 21st. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $42.80.
InterDigital has a 52-week low of $27.64 and a 52-week high of $48.68. The stock has a 50-day moving average of $31.11 and a 200-day moving average of $35.47. The company has a market cap of $1.155 billion and a price-to-earnings ratio of 30.58.
InterDigital (NASDAQ:IDCC) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.64 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.01 by $0.63. The company had revenue of $110.60 million for the quarter, compared to the consensus estimate of $51.79 million. During the same quarter in the previous year, the company posted $5.56 earnings per share. The company’s revenue for the quarter was down 74.5% on a year-over-year basis. On average, analysts predict that InterDigital will post $0.85 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, January 22nd. Investors of record on Wednesday, January 8th will be paid a dividend of 0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Monday, January 6th.
InterDigital, Inc (NASDAQ:IDCC) designs and develops advanced technologies for wireless communications.
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