InterDigital Inc. (NASDAQ:IDCC)‘s stock had its “hold” rating reaffirmed by stock analysts at B. Riley in a research note issued on Tuesday. They currently have a $80.00 price objective on the stock. B. Riley’s price objective indicates a potential upside of 0.13% from the company’s current price.

A number of other research analysts also recently issued reports on the stock. Barclays PLC lifted their price target on shares of InterDigital from $65.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Friday, September 9th. Dougherty & Co downgraded shares of InterDigital from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 5th. TheStreet upgraded shares of InterDigital from a “hold” rating to a “buy” rating in a research report on Wednesday, August 3rd. Finally, Zacks Investment Research upgraded shares of InterDigital from a “sell” rating to a “strong-buy” rating and set a $75.00 price objective for the company in a research report on Saturday, August 6th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $79.67.

Shares of InterDigital (NASDAQ:IDCC) opened at 79.65 on Tuesday. InterDigital has a one year low of $41.01 and a one year high of $81.40. The company’s 50-day moving average is $76.30 and its 200-day moving average is $67.17. The stock has a market capitalization of $2.73 billion, a P/E ratio of 13.66 and a beta of 1.07.

InterDigital (NASDAQ:IDCC) last issued its quarterly earnings results on Thursday, October 27th. The company reported $2.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.08 by $0.09. InterDigital had a return on equity of 33.71% and a net margin of 40.78%. The firm earned $208.30 million during the quarter, compared to analysts’ expectations of $210.68 million. During the same quarter in the prior year, the firm earned $0.68 EPS. The firm’s revenue was up 107.5% compared to the same quarter last year. On average, equities research analysts anticipate that InterDigital will post $5.73 earnings per share for the current year.

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In other news, Director Robert S. Roath sold 6,901 shares of InterDigital stock in a transaction on Wednesday, October 12th. The shares were sold at an average price of $77.34, for a total value of $533,723.34. Following the transaction, the director now directly owns 15,967 shares of the company’s stock, valued at approximately $1,234,887.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Richard Brezski sold 6,807 shares of InterDigital stock in a transaction on Monday, October 31st. The shares were sold at an average price of $70.00, for a total transaction of $476,490.00. Following the completion of the transaction, the chief financial officer now directly owns 20,556 shares in the company, valued at $1,438,920. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by insiders.

Several institutional investors have recently made changes to their positions in the stock. TrimTabs Asset Management LLC acquired a new position in shares of InterDigital during the second quarter worth approximately $1,556,000. Chicago Equity Partners LLC boosted its position in shares of InterDigital by 47.4% in the second quarter. Chicago Equity Partners LLC now owns 16,080 shares of the company’s stock worth $895,000 after buying an additional 5,170 shares during the last quarter. ClariVest Asset Management LLC boosted its position in shares of InterDigital by 0.4% in the second quarter. ClariVest Asset Management LLC now owns 40,864 shares of the company’s stock worth $2,274,000 after buying an additional 171 shares during the last quarter. Strs Ohio boosted its position in shares of InterDigital by 876.2% in the second quarter. Strs Ohio now owns 20,500 shares of the company’s stock worth $1,141,000 after buying an additional 18,400 shares during the last quarter. Finally, Smith Asset Management Group LP boosted its position in shares of InterDigital by 8,400.0% in the second quarter. Smith Asset Management Group LP now owns 2,125 shares of the company’s stock worth $118,000 after buying an additional 2,100 shares during the last quarter. 68.88% of the stock is currently owned by institutional investors and hedge funds.

InterDigital Company Profile

InterDigital, Inc designs and develops technologies for wireless communications. The Company has designed and developed a range of technologies that are used in digital cellular and wireless products and networks, including second generation (2G), third generation (3G), fourth generation (4G) and IEEE 802 related products and networks.

5 Day Chart for NASDAQ:IDCC

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