InterDigital (IDCC) Earns Daily Coverage Optimism Rating of 0.17
Media stories about InterDigital (NASDAQ:IDCC) have trended somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. InterDigital earned a news impact score of 0.17 on Accern’s scale. Accern also assigned press coverage about the Wireless communications provider an impact score of 46.999106880268 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- Artemis Investment Management LLP Invests $6.68 Million in Time Inc (iphonefresh.com)
- Igniting Curiosity, Investor Update on Dycom Industries, Inc. (NYSE … – FLBC News (flbcnews.com)
- InterDigital, Inc. (NASDAQ:IDCC): Shares Spotted Near the 52-Week Low – Sparta Review (spartareview.com)
- InterDigital Inc (IDCC) Near-Term Moving Average Signal Update … – Sparta Review (spartareview.com)
IDCC has been the topic of several recent analyst reports. ValuEngine raised InterDigital from a “buy” rating to a “strong-buy” rating in a report on Thursday, May 25th. B. Riley reaffirmed a “buy” rating and issued a $100.00 price target on shares of InterDigital in a report on Thursday, June 8th. BidaskClub cut InterDigital from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 12th. Sidoti raised InterDigital from a “neutral” rating to a “buy” rating in a report on Tuesday, August 8th. Finally, Zacks Investment Research raised InterDigital from a “hold” rating to a “buy” rating and set a $77.00 price target on the stock in a report on Friday, August 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $87.75.
InterDigital (NASDAQ:IDCC) opened at 70.70 on Tuesday. InterDigital has a one year low of $67.55 and a one year high of $102.30. The stock has a market capitalization of $2.45 billion, a PE ratio of 7.71 and a beta of 0.95. The company’s 50 day moving average price is $72.93 and its 200-day moving average price is $81.60.
InterDigital (NASDAQ:IDCC) last announced its quarterly earnings results on Thursday, July 27th. The Wireless communications provider reported $1.46 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $133.69 million. During the same period in the prior year, the company earned $1.14 earnings per share. The firm’s revenue was up 78.8% on a year-over-year basis. Analysts expect that InterDigital will post $3.61 earnings per share for the current year.
In related news, EVP Scott A. Mcquilkin sold 500 shares of the stock in a transaction that occurred on Friday, June 30th. The stock was sold at an average price of $79.15, for a total transaction of $39,575.00. Following the completion of the transaction, the executive vice president now directly owns 79,768 shares of the company’s stock, valued at $6,313,637.20. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Jeffrey K. Belk sold 800 shares of the stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $84.39, for a total value of $67,512.00. Following the transaction, the director now directly owns 17,801 shares of the company’s stock, valued at $1,502,226.39. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,594 shares of company stock valued at $270,649. 1.90% of the stock is owned by corporate insiders.
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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