Several analysts have recently updated their ratings and price targets for InterDigital (NASDAQ: IDCC):

  • 9/16/2016 – InterDigital had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $80.00 price target on the stock.
  • 9/11/2016 – InterDigital is now covered by analysts at B. Riley. They set a “buy” rating and a $80.00 price target on the stock.
  • 9/9/2016 – InterDigital had its price target raised by analysts at Barclays PLC from $65.00 to $75.00. They now have an “equal weight” rating on the stock.
  • 9/6/2016 – InterDigital had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $80.00 price target on the stock, up previously from $73.00.
  • 8/9/2016 – InterDigital had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $73.00 price target on the stock.
  • 8/6/2016 – InterDigital was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “strong-buy” rating. They now have a $75.00 price target on the stock. According to Zacks, “INTERDIGITAL COMMUNICATIONS develops and markets advanced digital wireless telecommunications systems using proprietary technologies for voice and data communications and has developed an extensive patent portfolio related to those technologies. “
  • 8/3/2016 – InterDigital had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $73.00 price target on the stock, up previously from $69.00.
  • 8/3/2016 – InterDigital was upgraded by analysts at TheStreet from a “hold” rating to a “buy” rating.

InterDigital Inc. (NASDAQ:IDCC) traded up 1.12% during mid-day trading on Thursday, reaching $78.60. The company’s stock had a trading volume of 73,088 shares. InterDigital Inc. has a 12 month low of $41.01 and a 12 month high of $78.90. The company has a market cap of $2.69 billion, a price-to-earnings ratio of 22.23 and a beta of 1.11. The stock’s 50 day moving average is $70.42 and its 200 day moving average is $59.74.

InterDigital (NASDAQ:IDCC) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $1.14 EPS for the quarter, topping the consensus estimate of $0.31 by $0.83. The firm earned $75.90 million during the quarter, compared to the consensus estimate of $76.60 million. InterDigital had a return on equity of 20.08% and a net margin of 31.71%. The company’s quarterly revenue was down 36.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.89 earnings per share. Equities research analysts predict that InterDigital Inc. will post $4.82 EPS for the current year.

InterDigital, Inc designs and develops technologies for wireless communications. The Company has designed and developed a range of technologies that are used in digital cellular and wireless products and networks, including second generation (2G), third generation (3G), fourth generation (4G) and IEEE 802 related products and networks.

5 Day Chart for NASDAQ:IDCC

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