InterDigital, Inc. (NASDAQ:IDCC) Director Stewart D. Hutcheson sold 272 shares of the stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $70.20, for a total value of $19,094.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
InterDigital, Inc. (IDCC) opened at $72.50 on Wednesday. The company has a market capitalization of $2,513.94, a price-to-earnings ratio of 14.89 and a beta of 0.99. The company has a current ratio of 3.71, a quick ratio of 3.71 and a debt-to-equity ratio of 0.33. InterDigital, Inc. has a fifty-two week low of $67.55 and a fifty-two week high of $93.00.
InterDigital (NASDAQ:IDCC) last issued its quarterly earnings results on Thursday, February 22nd. The Wireless communications provider reported $2.68 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $1.60. The company had revenue of $205.30 million for the quarter, compared to analyst estimates of $191.42 million. InterDigital had a return on equity of 26.52% and a net margin of 32.70%. The company’s quarterly revenue was down 25.0% compared to the same quarter last year. During the same period last year, the company earned $3.85 earnings per share. sell-side analysts predict that InterDigital, Inc. will post 1.58 EPS for the current fiscal year.
Several equities research analysts have weighed in on the company. Zacks Investment Research lowered InterDigital from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 7th. BidaskClub raised InterDigital from a “strong sell” rating to a “sell” rating in a research report on Monday, February 5th. B. Riley reaffirmed a “buy” rating and issued a $100.00 target price on shares of InterDigital in a research report on Wednesday, January 3rd. ValuEngine raised InterDigital from a “hold” rating to a “buy” rating in a research report on Thursday, November 16th. Finally, Dougherty & Co raised InterDigital from a “neutral” rating to a “buy” rating and set a $87.00 target price on the stock in a research report on Friday, February 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $88.67.
Institutional investors and hedge funds have recently modified their holdings of the company. Schwab Charles Investment Management Inc. increased its holdings in shares of InterDigital by 7.4% during the third quarter. Schwab Charles Investment Management Inc. now owns 213,564 shares of the Wireless communications provider’s stock valued at $15,751,000 after purchasing an additional 14,670 shares during the period. State of Tennessee Treasury Department increased its holdings in shares of InterDigital by 10.0% during the third quarter. State of Tennessee Treasury Department now owns 110,000 shares of the Wireless communications provider’s stock valued at $8,113,000 after purchasing an additional 10,000 shares during the period. Boston Partners acquired a new position in shares of InterDigital during the third quarter valued at $4,079,000. SNS Financial Group LLC acquired a new position in shares of InterDigital during the third quarter valued at $317,000. Finally, James Investment Research Inc. increased its holdings in shares of InterDigital by 6.1% during the fourth quarter. James Investment Research Inc. now owns 59,811 shares of the Wireless communications provider’s stock valued at $4,554,000 after purchasing an additional 3,432 shares during the period. 71.98% of the stock is currently owned by institutional investors.
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.