InterDigital, Inc. (NASDAQ:IDCC) has been given a consensus recommendation of “Hold” by the eight brokerages that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $97.00.
A number of equities research analysts have commented on the company. ValuEngine raised InterDigital from a “hold” rating to a “buy” rating in a report on Thursday, November 1st. TheStreet cut InterDigital from a “b-” rating to a “c+” rating in a report on Monday, October 29th. Zacks Investment Research cut InterDigital from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 3rd. Finally, BidaskClub raised InterDigital from a “strong sell” rating to a “sell” rating in a report on Tuesday, November 6th.
NASDAQ:IDCC opened at $75.26 on Monday. The company has a current ratio of 4.06, a quick ratio of 4.06 and a debt-to-equity ratio of 0.31. The stock has a market cap of $2.55 billion, a price-to-earnings ratio of 12.42, a price-to-earnings-growth ratio of 2.45 and a beta of 1.06. InterDigital has a 52 week low of $68.22 and a 52 week high of $85.85.
InterDigital (NASDAQ:IDCC) last posted its quarterly earnings results on Thursday, November 1st. The Wireless communications provider reported $0.60 EPS for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.36. The business had revenue of $75.08 million for the quarter, compared to analysts’ expectations of $72.59 million. InterDigital had a return on equity of 17.50% and a net margin of 26.19%. The business’s quarterly revenue was down 22.9% on a year-over-year basis. During the same period last year, the firm earned $1.00 earnings per share. As a group, analysts predict that InterDigital will post 2.05 earnings per share for the current fiscal year.
In other news, EVP James J. Nolan sold 5,093 shares of InterDigital stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $79.82, for a total value of $406,523.26. Following the sale, the executive vice president now directly owns 39,560 shares of the company’s stock, valued at $3,157,679.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.00% of the company’s stock.
Several hedge funds have recently modified their holdings of IDCC. Principal Financial Group Inc. grew its position in InterDigital by 2.1% in the first quarter. Principal Financial Group Inc. now owns 152,941 shares of the Wireless communications provider’s stock worth $11,256,000 after acquiring an additional 3,075 shares in the last quarter. Acadian Asset Management LLC grew its position in InterDigital by 108.8% in the second quarter. Acadian Asset Management LLC now owns 13,378 shares of the Wireless communications provider’s stock worth $1,083,000 after acquiring an additional 6,971 shares in the last quarter. Alps Advisors Inc. purchased a new position in InterDigital in the second quarter worth about $533,000. Aperio Group LLC grew its position in InterDigital by 5.5% in the second quarter. Aperio Group LLC now owns 11,947 shares of the Wireless communications provider’s stock worth $967,000 after acquiring an additional 620 shares in the last quarter. Finally, TD Asset Management Inc. purchased a new position in InterDigital in the second quarter worth about $332,000. 77.45% of the stock is currently owned by hedge funds and other institutional investors.
InterDigital, Inc designs and develops technologies that enable and enhance wireless communications in the United States and internationally. It offers technology solutions for use in digital cellular and wireless products and networks, including 2G, 3G, 4G, and IEEE 802-related products and networks.
See Also: What is a Stop Order?
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.