Shares of InterDigital, Inc. (NASDAQ:IDCC) have received a consensus rating of “Hold” from the nine brokerages that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $91.33.

Several equities research analysts have commented on the stock. B. Riley reiterated a “buy” rating and issued a $100.00 price target on shares of InterDigital in a research report on Wednesday. BidaskClub cut shares of InterDigital from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 12th. ValuEngine upgraded shares of InterDigital from a “buy” rating to a “strong-buy” rating in a research report on Thursday, May 25th. Zacks Investment Research upgraded shares of InterDigital from a “sell” rating to a “hold” rating in a research report on Wednesday, May 3rd. Finally, Benchmark Co. assumed coverage on shares of InterDigital in a research report on Tuesday, April 25th. They issued a “hold” rating on the stock.

In other InterDigital news, EVP Lawrence F. Shay sold 8,000 shares of the business’s stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $85.88, for a total transaction of $687,040.00. Following the sale, the executive vice president now owns 48,458 shares in the company, valued at approximately $4,161,573.04. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP James J. Nolan sold 8,596 shares of the business’s stock in a transaction dated Monday, May 8th. The stock was sold at an average price of $83.83, for a total value of $720,602.68. Following the sale, the executive vice president now owns 57,149 shares in the company, valued at approximately $4,790,800.67. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,896 shares of company stock worth $1,514,730. Corporate insiders own 1.90% of the company’s stock.

A number of hedge funds have recently bought and sold shares of IDCC. Tyers Asset Management LLC increased its stake in InterDigital by 2.8% in the first quarter. Tyers Asset Management LLC now owns 1,168 shares of the Wireless communications provider’s stock valued at $101,000 after buying an additional 32 shares during the last quarter. Elkfork Partners LLC increased its stake in InterDigital by 2.8% in the first quarter. Elkfork Partners LLC now owns 1,606 shares of the Wireless communications provider’s stock valued at $139,000 after buying an additional 44 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in InterDigital by 0.9% in the second quarter. Nisa Investment Advisors LLC now owns 5,760 shares of the Wireless communications provider’s stock valued at $461,000 after buying an additional 50 shares during the last quarter. Meadow Creek Investment Management LLC increased its stake in InterDigital by 2.8% in the first quarter. Meadow Creek Investment Management LLC now owns 2,044 shares of the Wireless communications provider’s stock valued at $176,000 after buying an additional 56 shares during the last quarter. Finally, Glen Harbor Capital Management LLC increased its stake in InterDigital by 2.8% in the first quarter. Glen Harbor Capital Management LLC now owns 2,482 shares of the Wireless communications provider’s stock valued at $214,000 after buying an additional 68 shares during the last quarter. Hedge funds and other institutional investors own 69.15% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “InterDigital, Inc. (NASDAQ:IDCC) Given Consensus Recommendation of “Hold” by Analysts” was published by American Banking News and is the property of of American Banking News. If you are accessing this report on another domain, it was copied illegally and republished in violation of U.S. & international trademark & copyright laws. The correct version of this report can be read at https://www.americanbankingnews.com/2017/07/21/interdigital-inc-nasdaqidcc-given-consensus-recommendation-of-hold-by-analysts.html.

InterDigital (IDCC) opened at 80.40 on Friday. The firm’s 50-day moving average is $79.85 and its 200 day moving average is $85.93. The stock has a market capitalization of $2.79 billion, a P/E ratio of 9.04 and a beta of 1.01. InterDigital has a 12-month low of $56.15 and a 12-month high of $102.30.

InterDigital (NASDAQ:IDCC) last issued its quarterly earnings results on Thursday, April 27th. The Wireless communications provider reported $0.93 EPS for the quarter, topping the consensus estimate of $0.71 by $0.22. InterDigital had a net margin of 48.22% and a return on equity of 43.97%. The firm had revenue of $94.53 million for the quarter, compared to analysts’ expectations of $92.90 million. During the same period in the previous year, the business earned $0.79 earnings per share. InterDigital’s revenue for the quarter was down 12.3% compared to the same quarter last year. Equities research analysts anticipate that InterDigital will post $3.23 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 26th. Shareholders of record on Wednesday, July 12th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, July 10th. This represents a $1.20 annualized dividend and a yield of 1.49%. InterDigital’s payout ratio is presently 13.47%.

InterDigital Company Profile

InterDigital, Inc designs and develops technologies for wireless communications. The Company is focused on three technology areas: cellular wireless technology, Internet of things (IoT) technology, and, through its Hillcrest Laboratories, Inc (Hillcrest Labs) subsidiary, sensor and sensor fusion technology.

Analyst Recommendations for InterDigital (NASDAQ:IDCC)

Receive News & Ratings for InterDigital Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for InterDigital Inc. and related companies with MarketBeat.com's FREE daily email newsletter.