In a report published on Thursday, the firm rated the stock as 'buy'. The company assigned a rating of 'buy' to the stock of Wireless communications provider.
IDCC has also been the subject of recent research by a number of other firms. William Blair began covering InterDigital on Thursday, 26th January in a research note. The stock was given an 'outperform rating'. In a research report published on Monday, 23rd January, TheStreet upgraded InterDigital's rating from 'c+ to 'b.' In a report published on May 10th, Bank of America upgraded InterDigital's rating from 'neutral to 'buy' and increased their target price from $55.00 up to $105.00. Trading at midday on Thursday saw the stock rise $0.12 to $84.38. The company has a moving average of $74.28 for the last fifty days and $64.43 for the past 200. The debt-to equity ratio for the company is 0.97. Its current ratio is 4.70, and its quick ratio is 4.70. InterDigital's low for the past year was $40.23, and its high was $86.27.
The last time ) released quarterly earnings was on February 15th. The Wireless Communications provider reported $1.08 per share for the quarter. This beat the consensus estimate by $0.92. InterDigital's net margin was 32.38%, and its return on equity was 28.17%. The company had revenue of $117.10 millions for the quarter compared to the consensus of $113.93million. In the same quarter of the previous year, the company earned $0.70 per share. Revenue was up by 4.7% from the same quarter of last year. Research analysts predict that InterDigital's EPS will be 6.04 for the current fiscal year.
InterDigital Insider Transactions
On Monday, 27th March, 1,137 shares were sold in the company's stock. Stock was sold for an average of $72.83, resulting in a transaction totaling $82,807.71. The insider owns 18,552 of the company stock valued at $1.351,142.16 after the completion of this transaction. Richard Brezski, InterDigital's CFO, sold 10,386 of the company stock on February 28th. Stock was sold for $73.77 on average, resulting in a value of $766.175.22. The chief financial officer owns 91 496 shares, worth $6 749 659.92, of the company stock following the transaction. Insider Eeva Hakoranta also sold 1,137 of the company's shares in a deal on Monday, 27th March. The shares were purchased at an average of $72.83, resulting in a transaction totaling $82,807.71. After the sale, the insider owns 18,552 company shares valued at $1.351,142.16. Insiders have sold 28,476 company shares worth $2,138.966 in the past three months. Corporate insiders hold 1.20% the company's shares.
InterDigital: Institutional investors weigh in
IDCC has recently seen a number of large investors buy and sell shares. Huntington National Bank increased its InterDigital holdings by 602,700.0% in the third quarter. Huntington National Bank owns 6,028 of the Wireless Communications Provider's stock, valued at $244,000, after purchasing an additional 6,027 during the period. Robeco Institutional Asset Management B.V. increased its holdings of shares of InterDigital during the fourth quarter by 236.0%. Robeco Institutional Asset Management B.V. owns 24,457 of the Wireless Communications Provider's stock, worth $1.210,000. It acquired an additional 17,179 during the period. New York State Common Retirement Fund increased its holdings of InterDigital shares by 7.4% in the fourth quarter. New York State Common Retirement Fund owns 34.160 shares in the Wireless Communications Provider's stock, worth $1.690,000, after adding 2,363 more shares during the period. SG Americas Securities LLC increased its holdings of InterDigital shares by 89.8% in the third quarter. SG Americas Securities LLC owns 22,207 of the Wireless communication provider's shares worth $898,000, after acquiring 10,505 additional shares during the period. Neumeier Poma Investment Counsel LLC also increased its stake in InterDigital in the fourth quarter by 3.5%. Neumeier Poma Investment Counsel LLC owns 444.070 shares in the Wireless Communications Provider's stock, valued at $21,973,000. This is after purchasing an additional 15,080 share during the last quarter. Institutional investors own 83.97% of this stock.
InterDigital Company Profile
InterDigital, Inc is engaged in the development and design of technologies to enable and enhance wireless communication and capabilities. It is focused on mobile devices and technology. This includes Internet of Things technology, video coding and transmission, sensor fusion, and cellular wireless technologies.
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