InterDigital (NASDAQ:IDCC) has received an average rating of “Buy” from the seven analysts that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $90.50.

Several equities research analysts have recently weighed in on the stock. BidaskClub upgraded shares of InterDigital from a “hold” rating to a “buy” rating in a research report on Wednesday. Zacks Investment Research cut shares of InterDigital from a “buy” rating to a “hold” rating in a research report on Wednesday, February 28th. Dougherty & Co upgraded shares of InterDigital from a “neutral” rating to a “buy” rating and set a $87.00 price objective for the company in a research report on Friday, February 23rd. Finally, B. Riley decreased their price objective on shares of InterDigital from $100.00 to $94.00 and set a “buy” rating for the company in a research report on Friday, February 23rd.

In other InterDigital news, EVP James J. Nolan sold 7,765 shares of the firm’s stock in a transaction on Monday, April 16th. The shares were sold at an average price of $79.50, for a total value of $617,317.50. Following the completion of the sale, the executive vice president now directly owns 47,946 shares in the company, valued at $3,811,707. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jannie K. Lau sold 9,700 shares of the firm’s stock in a transaction on Tuesday, April 17th. The stock was sold at an average price of $79.34, for a total transaction of $769,598.00. Following the completion of the sale, the insider now owns 18,746 shares of the company’s stock, valued at $1,487,307.64. The disclosure for this sale can be found here. Insiders sold 17,737 shares of company stock valued at $1,406,010 over the last 90 days. Corporate insiders own 1.90% of the company’s stock.

A number of large investors have recently bought and sold shares of IDCC. Cardinal Capital Management LLC CT acquired a new stake in InterDigital in the fourth quarter worth $25,689,000. Two Sigma Advisers LP lifted its stake in shares of InterDigital by 65.7% in the fourth quarter. Two Sigma Advisers LP now owns 300,228 shares of the Wireless communications provider’s stock valued at $22,862,000 after buying an additional 119,000 shares in the last quarter. General American Investors Co. Inc. bought a new position in shares of InterDigital in the fourth quarter valued at $6,208,000. Gotham Asset Management LLC lifted its stake in shares of InterDigital by 237.9% in the fourth quarter. Gotham Asset Management LLC now owns 107,163 shares of the Wireless communications provider’s stock valued at $8,160,000 after buying an additional 75,447 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. bought a new position in shares of InterDigital in the fourth quarter valued at $4,875,000. Institutional investors and hedge funds own 74.15% of the company’s stock.

IDCC opened at $79.60 on Friday. InterDigital has a twelve month low of $67.55 and a twelve month high of $93.00. The company has a quick ratio of 3.71, a current ratio of 3.71 and a debt-to-equity ratio of 0.33. The firm has a market cap of $2,756.31, a PE ratio of 13.11 and a beta of 0.93.

InterDigital (NASDAQ:IDCC) last posted its quarterly earnings data on Thursday, February 22nd. The Wireless communications provider reported $2.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $1.60. InterDigital had a net margin of 32.70% and a return on equity of 26.52%. The company had revenue of $205.30 million during the quarter, compared to analysts’ expectations of $191.42 million. During the same period in the prior year, the company posted $3.85 earnings per share. InterDigital’s revenue for the quarter was down 25.0% compared to the same quarter last year. research analysts anticipate that InterDigital will post 1.58 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 1st. Shareholders of record on Monday, April 23rd will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend is Friday, April 20th. InterDigital’s payout ratio is 23.10%.

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InterDigital Company Profile

InterDigital, Inc designs and develops technologies that enable and enhance wireless communications in the United States and internationally. It offers technology solutions for use in digital cellular and wireless products and networks, including 2G, 3G, 4G, and IEEE 802-related products and networks.

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