InterDigital, Inc. (NASDAQ:IDCC) has received a consensus rating of “Hold” from the nine brokerages that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $91.33.

IDCC has been the topic of a number of research analyst reports. BidaskClub lowered shares of InterDigital from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 12th. Zacks Investment Research upgraded shares of InterDigital from a “sell” rating to a “hold” rating in a report on Wednesday, May 3rd. Benchmark Co. initiated coverage on shares of InterDigital in a report on Tuesday, April 25th. They set a “hold” rating on the stock. ValuEngine upgraded shares of InterDigital from a “buy” rating to a “strong-buy” rating in a report on Thursday, May 25th. Finally, B. Riley upgraded shares of InterDigital from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $86.00 to $100.00 in a report on Monday, April 24th.

TRADEMARK VIOLATION WARNING: This piece was first reported by Daily Political and is owned by of Daily Political. If you are reading this piece on another site, it was illegally copied and reposted in violation of international copyright & trademark legislation. The correct version of this piece can be viewed at https://www.dailypolitical.com/2017/07/24/interdigital-inc-idcc-receives-91-33-consensus-pt-from-analysts.html.

Shares of InterDigital (NASDAQ IDCC) traded up 0.70% during trading on Friday, hitting $79.10. The stock had a trading volume of 182,848 shares. The stock’s 50-day moving average price is $79.69 and its 200 day moving average price is $85.72. InterDigital has a one year low of $57.89 and a one year high of $102.30. The stock has a market cap of $2.74 billion, a price-to-earnings ratio of 8.90 and a beta of 1.01.

InterDigital (NASDAQ:IDCC) last issued its quarterly earnings data on Thursday, April 27th. The Wireless communications provider reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.22. InterDigital had a net margin of 48.22% and a return on equity of 43.97%. The business had revenue of $94.53 million for the quarter, compared to analyst estimates of $92.90 million. During the same period last year, the business posted $0.79 earnings per share. The firm’s quarterly revenue was down 12.3% on a year-over-year basis. On average, equities analysts forecast that InterDigital will post $3.23 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 26th. Investors of record on Wednesday, July 12th will be issued a dividend of $0.30 per share. The ex-dividend date is Monday, July 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.52%. InterDigital’s payout ratio is 13.47%.

In related news, EVP James J. Nolan sold 8,596 shares of the firm’s stock in a transaction on Monday, May 8th. The shares were sold at an average price of $83.83, for a total value of $720,602.68. Following the completion of the transaction, the executive vice president now owns 57,149 shares of the company’s stock, valued at $4,790,800.67. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Lawrence F. Shay sold 8,000 shares of the firm’s stock in a transaction on Friday, May 12th. The shares were sold at an average price of $85.88, for a total transaction of $687,040.00. Following the completion of the transaction, the executive vice president now directly owns 48,458 shares of the company’s stock, valued at approximately $4,161,573.04. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,896 shares of company stock valued at $1,514,730. 1.90% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IDCC. Profund Advisors LLC increased its position in InterDigital by 11.5% in the first quarter. Profund Advisors LLC now owns 11,790 shares of the Wireless communications provider’s stock worth $1,017,000 after buying an additional 1,213 shares during the period. Sigma Planning Corp increased its position in InterDigital by 1.0% in the first quarter. Sigma Planning Corp now owns 10,459 shares of the Wireless communications provider’s stock worth $903,000 after buying an additional 106 shares during the period. Nationwide Fund Advisors increased its position in InterDigital by 0.9% in the first quarter. Nationwide Fund Advisors now owns 129,170 shares of the Wireless communications provider’s stock worth $11,147,000 after buying an additional 1,134 shares during the period. James Investment Research Inc. acquired a new position in InterDigital during the first quarter worth $1,682,000. Finally, Navellier & Associates Inc increased its position in InterDigital by 7.6% in the first quarter. Navellier & Associates Inc now owns 12,965 shares of the Wireless communications provider’s stock worth $1,119,000 after buying an additional 917 shares during the period. 69.31% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for InterDigital (NASDAQ:IDCC)

Receive News & Ratings for InterDigital Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for InterDigital Inc. and related companies with MarketBeat.com's FREE daily email newsletter.