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%.
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.
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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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