News coverage about InterDigital (NASDAQ:IDCC) has been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. InterDigital earned a daily sentiment score of 0.15 on Accern’s scale. Accern also gave news articles about the Wireless communications provider an impact score of 45.9148715370394 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news articles that may have impacted Accern Sentiment’s analysis:
- InterDigital, Inc. (IDCC) Downgraded to Buy at ValuEngine (topix.com)
- InterDigital, Inc. (NASDAQ:IDCC) Expected to Post Quarterly Sales of $92.60 Million (alltheinternetofthings.com)
- Zacks: Analysts Expect InterDigital, Inc. (IDCC) Will Announce Quarterly Sales of $92.60 Million (americanbankingnews.com)
- A Look at Valuation For Shares of InterDigital Inc (IDCC … – Evergreen Caller (evergreencaller.com)
- Shining the Spotlight on InterDigital Inc (IDCC)’s Numbers: Technicals At a Glance – Evergreen Caller (evergreencaller.com)
Several analysts recently issued reports on IDCC shares. B. Riley raised shares of InterDigital from a “neutral” rating to a “buy” rating and lifted their price target for the company from $86.00 to $100.00 in a research report on Monday, April 24th. Sidoti raised shares of InterDigital from a “neutral” rating to a “buy” rating in a research report on Tuesday. ValuEngine downgraded shares of InterDigital from a “strong-buy” rating to a “buy” rating in a research report on Friday. Finally, Zacks Investment Research raised shares of InterDigital from a “sell” rating to a “hold” rating in a research report on Wednesday, May 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. InterDigital currently has an average rating of “Hold” and a consensus target price of $92.50.
InterDigital (NASDAQ:IDCC) traded up 0.57% during mid-day trading on Friday, reaching $70.05. 271,113 shares of the company traded hands. The stock has a market capitalization of $2.43 billion, a price-to-earnings ratio of 7.64 and a beta of 1.00. The company’s 50-day moving average is $76.21 and its 200-day moving average is $84.16. InterDigital has a 12-month low of $67.04 and a 12-month high of $102.30.
InterDigital (NASDAQ:IDCC) last issued its quarterly earnings results on Thursday, July 27th. The Wireless communications provider reported $1.46 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.41 by $0.05. InterDigital had a return on equity of 44.58% and a net margin of 45.92%. The company had revenue of $135.78 million for the quarter, compared to analysts’ expectations of $133.69 million. During the same period in the prior year, the firm earned $1.14 earnings per share. The firm’s revenue for the quarter was up 78.8% on a year-over-year basis. Equities analysts predict that InterDigital will post $3.59 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, July 26th. Stockholders of record on Wednesday, July 12th were paid a $0.30 dividend. The ex-dividend date of this dividend was Monday, July 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.71%. InterDigital’s dividend payout ratio is currently 13.00%.
In other news, EVP Scott A. Mcquilkin sold 500 shares of the stock in a transaction on Friday, June 30th. The stock was sold at an average price of $79.15, for a total value of $39,575.00. Following the sale, the executive vice president now directly owns 79,768 shares of the company’s stock, valued at $6,313,637.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP James J. Nolan sold 2,294 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $71.30, for a total value of $163,562.20. Following the completion of the sale, the executive vice president now directly owns 54,042 shares in the company, valued at $3,853,194.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,594 shares of company stock worth $270,649. 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.
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