InterDigital, Inc. Plans Quarterly Dividend of $0.35 (IDCC)

InterDigital, Inc. (NASDAQ:IDCC) declared a quarterly dividend on Monday, March 12th, Wall Street Journal reports. Shareholders of record on Monday, April 23rd will be paid a dividend of 0.35 per share by the Wireless communications provider on Tuesday, May 1st. This represents a $1.40 annualized dividend and a yield of 1.84%. The ex-dividend date is Friday, April 20th.

Shares of InterDigital (NASDAQ IDCC) traded up $0.70 during trading hours on Monday, reaching $76.10. The company’s stock had a trading volume of 365,324 shares, compared to its average volume of 322,953. The company has a current ratio of 3.71, a quick ratio of 3.71 and a debt-to-equity ratio of 0.33. InterDigital has a fifty-two week low of $67.55 and a fifty-two week high of $93.00. The company has a market cap of $2,610.90, a PE ratio of 15.63 and a beta of 0.99.

InterDigital (NASDAQ:IDCC) last issued its quarterly earnings data on Thursday, February 22nd. The Wireless communications provider reported $2.68 earnings per share for the quarter, beating the consensus estimate of $1.08 by $1.60. InterDigital had a return on equity of 26.52% and a net margin of 32.70%. The business had revenue of $205.30 million for the quarter, compared to analysts’ expectations of $191.42 million. During the same period last year, the business earned $3.85 EPS. The business’s revenue was down 25.0% on a year-over-year basis. equities research analysts forecast that InterDigital will post 1.58 earnings per share for the current year.

IDCC has been the subject of several research analyst reports. B. Riley reaffirmed a “buy” rating and set a $100.00 target price on shares of InterDigital in a research report on Monday, December 4th. BidaskClub raised InterDigital from a “strong sell” rating to a “sell” rating in a research report on Monday, February 5th. Zacks Investment Research lowered InterDigital from a “buy” rating to a “hold” rating in a research report on Wednesday, February 28th. Finally, ValuEngine raised InterDigital from a “hold” rating to a “buy” rating in a research report on Thursday, November 16th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $88.67.

In other news, EVP Scott A. Mcquilkin sold 500 shares of the firm’s stock in a transaction on Friday, December 29th. The stock was sold at an average price of $76.50, for a total transaction of $38,250.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last ninety days, insiders have sold 1,272 shares of company stock valued at $95,594. Insiders own 1.90% 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.

Dividend History for InterDigital (NASDAQ:IDCC)

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