InterDigital, Inc. (NASDAQ:IDCC) has received a consensus rating of “Hold” from the eight analysts that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $88.33.

A number of equities research analysts recently weighed in on the stock. B. Riley reaffirmed a “buy” rating and set a $100.00 price objective on shares of InterDigital in a research report on Monday, August 28th. ValuEngine downgraded shares of InterDigital from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 11th. Sidoti raised shares of InterDigital from a “neutral” rating to a “buy” rating in a research report on Tuesday, August 8th. BidaskClub downgraded shares of InterDigital from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 12th. Finally, Zacks Investment Research raised shares of InterDigital from a “hold” rating to a “buy” rating and set a $77.00 price objective for the company in a research report on Friday, August 18th.

In other InterDigital news, EVP James J. Nolan sold 2,294 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $71.30, for a total transaction of $163,562.20. Following the completion of the transaction, the executive vice president now directly owns 54,042 shares of the company’s stock, valued at approximately $3,853,194.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Scott A. Mcquilkin sold 500 shares of the business’s stock in a transaction dated Friday, June 30th. The shares were sold at an average price of $79.15, for a total transaction of $39,575.00. Following the transaction, the executive vice president now directly owns 79,768 shares of the company’s stock, valued at $6,313,637.20. The disclosure for this sale can be found here. Insiders own 1.90% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in InterDigital by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 2,865,421 shares of the Wireless communications provider’s stock valued at $221,497,000 after purchasing an additional 40,030 shares during the period. State Street Corp boosted its stake in InterDigital by 8.2% during the 2nd quarter. State Street Corp now owns 1,199,522 shares of the Wireless communications provider’s stock valued at $92,724,000 after purchasing an additional 91,286 shares during the period. Dimensional Fund Advisors LP boosted its stake in InterDigital by 4.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 923,558 shares of the Wireless communications provider’s stock valued at $71,394,000 after purchasing an additional 37,058 shares during the period. AQR Capital Management LLC boosted its stake in InterDigital by 17.7% during the 1st quarter. AQR Capital Management LLC now owns 658,561 shares of the Wireless communications provider’s stock valued at $56,834,000 after purchasing an additional 99,018 shares during the period. Finally, Northern Trust Corp boosted its stake in InterDigital by 2.7% during the 2nd quarter. Northern Trust Corp now owns 614,152 shares of the Wireless communications provider’s stock valued at $47,473,000 after purchasing an additional 16,034 shares during the period. 70.97% of the stock is owned by hedge funds and other institutional investors.

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Shares of InterDigital (NASDAQ IDCC) opened at 69.15 on Friday. InterDigital has a 52 week low of $67.55 and a 52 week high of $102.30. The firm has a market cap of $2.40 billion, a P/E ratio of 7.54 and a beta of 0.95. The stock’s 50 day moving average is $71.79 and its 200 day moving average is $80.72.

InterDigital (NASDAQ:IDCC) last announced its quarterly earnings data on Thursday, July 27th. The Wireless communications provider reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.05. InterDigital had a net margin of 45.92% and a return on equity of 44.58%. The business had revenue of $135.78 million during the quarter, compared to the consensus estimate of $133.69 million. During the same quarter in the prior year, the firm earned $1.14 EPS. The company’s revenue for the quarter was up 78.8% compared to the same quarter last year. On average, equities research analysts predict that InterDigital will post $3.61 earnings per share for the current fiscal year.

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)

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