InterDigital (IDCC) Set to Announce Quarterly Earnings on Wednesday

InterDigital (NASDAQ:IDCC) will be announcing its earnings results before the market opens on Wednesday, February 21st. Analysts expect the company to announce earnings of $1.08 per share for the quarter.

InterDigital (NASDAQ:IDCC) opened at $76.50 on Wednesday. InterDigital has a 52 week low of $67.55 and a 52 week high of $102.30. The company has a quick ratio of 3.22, a current ratio of 3.22 and a debt-to-equity ratio of 0.34. The firm has a market cap of $2,660.00, a price-to-earnings ratio of 10.57 and a beta of 0.94.

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 24th. Investors of record on Wednesday, January 10th were paid a $0.35 dividend. The ex-dividend date was Tuesday, January 9th. This represents a $1.40 annualized dividend and a dividend yield of 1.83%. InterDigital’s dividend payout ratio is presently 19.34%.

In other InterDigital news, EVP Scott A. Mcquilkin sold 500 shares of InterDigital stock in a transaction on Friday, December 29th. The shares were sold at an average price of $76.50, for a total transaction of $38,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP James J. Nolan sold 5,020 shares of InterDigital stock in a transaction on Monday, November 27th. The stock was sold at an average price of $75.00, for a total transaction of $376,500.00. Following the transaction, the executive vice president now directly owns 49,063 shares of the company’s stock, valued at $3,679,725. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,020 shares of company stock valued at $453,000. Company insiders own 1.90% of the company’s stock.

Several equities analysts recently weighed in on IDCC shares. B. Riley reissued a “buy” rating and issued a $100.00 target price on shares of InterDigital in a research note on Monday, December 4th. Zacks Investment Research raised shares of InterDigital from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a research report on Wednesday, November 1st. BidaskClub cut shares of InterDigital from a “sell” rating to a “strong sell” rating in a research report on Thursday, January 25th. Finally, ValuEngine raised shares of InterDigital from a “hold” rating to a “buy” rating in a research report on Thursday, November 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $93.67.

TRADEMARK VIOLATION WARNING: “InterDigital (IDCC) Set to Announce Quarterly Earnings on Wednesday” was originally posted by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another publication, it was illegally copied and republished in violation of U.S. and international trademark & copyright law. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2018/02/14/interdigital-idcc-set-to-announce-quarterly-earnings-on-wednesday.html.

About InterDigital

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.

Earnings History for InterDigital (NASDAQ:IDCC)

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

Leave a Reply