InterDigital Hits New 52-Week High at $48.50 (IDCC)
InterDigital (NASDAQ:IDCC) hit a new 52-week high during trading on Monday , AR Network reports. The stock traded as high as $48.50 and last traded at $48.12, with a volume of 384,720 shares. The stock had previously closed at $46.96.
Separately, analysts at Zacks upgraded shares of InterDigital from a “neutral” rating to an “outperform” rating in a research note on Tuesday, May 6th. They now have a $37.30 price target on the stock.
The stock’s 50-day moving average is $36.48 and its 200-day moving average is $32.24. The company has a market cap of $1.968 billion and a P/E ratio of 40.00.
InterDigital (NASDAQ:IDCC) last announced its earnings results on Thursday, May 1st. The company reported ($0.05) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.08) by $0.03. The company had revenue of $57.84 million for the quarter, compared to the consensus estimate of $56.60 million. During the same quarter last year, the company posted ($0.30) earnings per share. InterDigital’s revenue was up 22.1% compared to the same quarter last year. Analysts expect that InterDigital will post $2.65 EPS for the current fiscal year.
InterDigital, Inc (NASDAQ:IDCC) designs and develops advanced technologies for wireless communications.
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