Shares of InterDigital, Inc. (NASDAQ:IDCC) have been given an average rating of “Hold” by the seven brokerages that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $94.00.

Several research analysts have recently issued reports on the stock. BidaskClub upgraded shares of InterDigital from a “strong sell” rating to a “sell” rating in a report on Thursday, January 4th. B. Riley reiterated a “buy” rating and set a $100.00 target price on shares of InterDigital in a research report on Friday, October 27th. ValuEngine upgraded shares of InterDigital from a “hold” rating to a “buy” rating in a research report on Thursday, November 16th. Finally, Zacks Investment Research lowered shares of InterDigital from a “hold” rating to a “sell” rating in a research report on Wednesday.

InterDigital (IDCC) opened at $80.90 on Friday. InterDigital has a twelve month low of $67.55 and a twelve month high of $102.30. The company has a current ratio of 3.22, a quick ratio of 3.22 and a debt-to-equity ratio of 0.34. The stock has a market cap of $2,810.00, a PE ratio of 11.17 and a beta of 0.97.

InterDigital (NASDAQ:IDCC) last posted its quarterly earnings data on Thursday, October 26th. The Wireless communications provider reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.34. InterDigital had a net margin of 42.94% and a return on equity of 32.77%. The company had revenue of $97.30 million for the quarter, compared to the consensus estimate of $94.13 million. During the same quarter in the previous year, the firm posted $2.99 EPS. The business’s revenue was down 53.3% compared to the same quarter last year. equities research analysts forecast that InterDigital will post 5.72 earnings per share for the current year.

InterDigital announced that its Board of Directors has authorized a stock repurchase plan on Thursday, September 14th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the Wireless communications provider to repurchase up to 4.1% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 10th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $1.40 annualized dividend and a dividend yield of 1.73%. InterDigital’s dividend payout ratio (DPR) is currently 19.34%.

In other InterDigital news, EVP Scott A. Mcquilkin sold 500 shares of the business’s stock in a transaction dated Friday, December 29th. The shares were sold at an average price of $76.50, for a total value of $38,250.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Jannie K. Lau sold 2,561 shares of the business’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $72.31, for a total transaction of $185,185.91. Following the completion of the transaction, the executive vice president now owns 19,496 shares in the company, valued at $1,409,755.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,581 shares of company stock worth $638,186. 1.90% of the stock is owned by company insiders.

A number of large investors have recently added to or reduced their stakes in IDCC. Koch Industries Inc. boosted its position in InterDigital by 5,919.7% in the second quarter. Koch Industries Inc. now owns 473,089 shares of the Wireless communications provider’s stock valued at $467,000 after buying an additional 465,230 shares in the last quarter. Schroder Investment Management Group boosted its position in InterDigital by 1,149.0% in the second quarter. Schroder Investment Management Group now owns 152,815 shares of the Wireless communications provider’s stock valued at $12,103,000 after buying an additional 140,580 shares in the last quarter. Renaissance Technologies LLC boosted its position in InterDigital by 20.8% in the second quarter. Renaissance Technologies LLC now owns 574,574 shares of the Wireless communications provider’s stock valued at $44,415,000 after buying an additional 98,874 shares in the last quarter. State Street Corp boosted its position in InterDigital by 8.2% in the second quarter. State Street Corp now owns 1,199,522 shares of the Wireless communications provider’s stock valued at $92,724,000 after buying an additional 91,286 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in InterDigital by 6.7% in the third quarter. Dimensional Fund Advisors LP now owns 985,849 shares of the Wireless communications provider’s stock valued at $72,708,000 after buying an additional 62,291 shares in the last quarter. Hedge funds and other institutional investors own 72.88% of the company’s stock.

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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.

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