InterDigital, Inc. (NASDAQ:IDCC) – Stock analysts at Dougherty & Co increased their FY2017 earnings per share estimates for InterDigital in a research note issued to investors on Monday. Dougherty & Co analyst C. Anderson now expects that the Wireless communications provider will post earnings per share of $5.13 for the year, up from their previous forecast of $4.00. Dougherty & Co also issued estimates for InterDigital’s Q4 2017 earnings at $1.92 EPS.

A number of other analysts have also recently weighed in on the company. Zacks Investment Research raised InterDigital from a “hold” rating to a “buy” rating and set a $77.00 price objective for the company in a research report on Friday, August 18th. B. Riley reaffirmed a “buy” rating and set a $100.00 price objective on shares of InterDigital in a research report on Friday, October 27th. ValuEngine raised InterDigital from a “hold” rating to a “buy” rating in a research report on Thursday, November 16th. Finally, Sidoti raised InterDigital from a “neutral” rating to a “buy” rating in a research report on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. InterDigital currently has a consensus rating of “Hold” and a consensus price target of $89.00.

WARNING: This article was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this article on another publication, it was illegally copied and republished in violation of US & international copyright & trademark law. The original version of this article can be viewed at https://www.thecerbatgem.com/2017/11/22/fy2017-eps-estimates-for-interdigital-inc-idcc-raised-by-analyst.html.

Shares of InterDigital (IDCC) opened at $74.20 on Wednesday. The stock has a market capitalization of $2,582.53, a PE ratio of 10.28 and a beta of 0.95. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.22 and a quick ratio of 3.22. InterDigital has a 1 year low of $67.55 and a 1 year high of $102.30.

InterDigital (NASDAQ:IDCC) last announced its earnings results on Thursday, October 26th. The Wireless communications provider reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.34. The firm had revenue of $97.30 million during the quarter, compared to analysts’ expectations of $94.13 million. InterDigital had a return on equity of 32.77% and a net margin of 42.94%. The business’s revenue was down 53.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.99 EPS.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of InterDigital by 0.5% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 2,796 shares of the Wireless communications provider’s stock valued at $216,000 after buying an additional 15 shares during the period. Nisa Investment Advisors LLC lifted its holdings in shares of InterDigital by 0.9% in the 2nd quarter. Nisa Investment Advisors LLC now owns 5,760 shares of the Wireless communications provider’s stock valued at $461,000 after buying an additional 50 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of InterDigital by 1.0% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,062 shares of the Wireless communications provider’s stock valued at $391,000 after buying an additional 51 shares during the period. Northwestern Mutual Investment Management Company LLC lifted its holdings in shares of InterDigital by 1.0% in the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 5,969 shares of the Wireless communications provider’s stock valued at $332,000 after buying an additional 57 shares during the period. Finally, State Board of Administration of Florida Retirement System lifted its holdings in shares of InterDigital by 0.9% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 13,113 shares of the Wireless communications provider’s stock valued at $1,014,000 after buying an additional 122 shares during the period. 73.07% of the stock is owned by institutional investors and hedge funds.

In other InterDigital news, EVP Jannie K. Lau sold 2,561 shares of the stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $72.31, for a total transaction of $185,185.91. Following the completion of the sale, the executive vice president now directly owns 19,496 shares of the company’s stock, valued at approximately $1,409,755.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Scott A. Mcquilkin sold 500 shares of the stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $75.00, for a total value of $37,500.00. Following the sale, the executive vice president now directly owns 79,319 shares of the company’s stock, valued at $5,948,925. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by company insiders.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 11th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.89%. This is a boost from InterDigital’s previous quarterly dividend of $0.30. The ex-dividend date was Tuesday, October 10th. InterDigital’s dividend payout ratio (DPR) is presently 19.34%.

InterDigital announced that its board has approved a stock repurchase plan on Thursday, September 14th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the Wireless communications provider to repurchase up to 4.1% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

About InterDigital

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.

Earnings History and Estimates for InterDigital (NASDAQ:IDCC)

Receive News & Stock 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 stocks with our FREE daily email newsletter.