InterDigital, Inc. (IDCC) Receives $93.67 Consensus PT from Analysts

InterDigital, Inc. (NASDAQ:IDCC) has been given an average rating of “Hold” by the seven research firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $94.00.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of InterDigital from a “strong-buy” rating to a “hold” rating in a report on Wednesday. B. Riley reiterated a “buy” rating and issued a $100.00 price objective on shares of InterDigital in a report on Monday, December 4th. BidaskClub upgraded shares of InterDigital from a “strong sell” rating to a “sell” rating in a report on Monday. Finally, ValuEngine upgraded shares of InterDigital from a “hold” rating to a “buy” rating in a report on Thursday, November 16th.

Shares of InterDigital (NASDAQ:IDCC) traded down $0.06 on Tuesday, reaching $75.84. 220,944 shares of the company were exchanged, compared to its average volume of 298,858. The firm has a market capitalization of $2,660.00, a P/E ratio of 10.48 and a beta of 0.94. InterDigital has a fifty-two week low of $67.55 and a fifty-two week high of $102.30. The company has a debt-to-equity ratio of 0.34, a quick ratio of 3.22 and a current ratio of 3.22.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 10th were issued a $0.35 dividend. The ex-dividend date of this dividend was Tuesday, January 9th. This represents a $1.40 annualized dividend and a dividend yield of 1.85%. InterDigital’s dividend payout ratio is currently 19.34%.

In other news, EVP James J. Nolan sold 5,020 shares of the business’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $75.00, for a total value of $376,500.00. Following the completion of the sale, the executive vice president now owns 49,063 shares of the company’s stock, valued at $3,679,725. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 transaction of $38,250.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,020 shares of company stock worth $453,000. Corporate insiders own 1.90% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Mountain Capital Investment Advisors Inc bought a new stake in shares of InterDigital in the second quarter valued at about $118,000. Cerebellum GP LLC bought a new stake in shares of InterDigital in the fourth quarter valued at about $127,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of InterDigital by 57.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,815 shares of the Wireless communications provider’s stock valued at $138,000 after acquiring an additional 664 shares during the period. Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of InterDigital by 107.2% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,182 shares of the Wireless communications provider’s stock valued at $160,000 after acquiring an additional 1,129 shares during the period. Finally, Advisor Group Inc. boosted its position in shares of InterDigital by 29.5% in the second quarter. Advisor Group Inc. now owns 2,342 shares of the Wireless communications provider’s stock valued at $181,000 after acquiring an additional 534 shares during the period. 68.91% of the stock is owned by institutional investors.

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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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