InterDigital (IDCC) Earning Favorable Media Coverage, Analysis Finds
Press coverage about InterDigital (NASDAQ:IDCC) has been trending positive on Monday, according to Accern Sentiment Analysis. The research group scores the sentiment of press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. InterDigital earned a news impact score of 0.27 on Accern’s scale. Accern also assigned news coverage about the Wireless communications provider an impact score of 46.1734019432664 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
A number of equities analysts recently weighed in on IDCC shares. BidaskClub upgraded shares of InterDigital from a “hold” rating to a “buy” rating in a research report on Wednesday, April 18th. ValuEngine upgraded shares of InterDigital from a “hold” rating to a “buy” rating in a research report on Thursday, July 5th. National Securities started coverage on shares of InterDigital in a research report on Monday, July 23rd. They issued a “buy” rating and a $103.00 price objective on the stock. Zacks Investment Research upgraded shares of InterDigital from a “hold” rating to a “buy” rating and set a $84.00 price objective on the stock in a research report on Tuesday, May 1st. Finally, Roth Capital started coverage on shares of InterDigital in a research report on Tuesday, June 12th. They issued a “buy” rating and a $104.00 price objective on the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. InterDigital has an average rating of “Buy” and a consensus target price of $94.40.
Shares of InterDigital opened at $81.25 on Monday, according to Marketbeat. The firm has a market cap of $2.83 billion, a price-to-earnings ratio of 13.41, a P/E/G ratio of 4.05 and a beta of 1.07. InterDigital has a one year low of $67.55 and a one year high of $85.85. The company has a debt-to-equity ratio of 0.28, a quick ratio of 9.36 and a current ratio of 9.36.
The business also recently announced a quarterly dividend, which was paid on Wednesday, July 25th. Shareholders of record on Wednesday, July 11th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Tuesday, July 10th. This represents a $1.40 annualized dividend and a dividend yield of 1.72%. InterDigital’s payout ratio is currently 23.10%.
In other InterDigital news, Director Jeffrey K. Belk sold 555 shares of the business’s stock in a transaction on Friday, June 15th. The shares were sold at an average price of $85.10, for a total transaction of $47,230.50. Following the sale, the director now directly owns 20,757 shares in the company, valued at approximately $1,766,420.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP James J. Nolan sold 5,595 shares of the business’s stock in a transaction on Monday, June 11th. The stock was sold at an average price of $82.50, for a total transaction of $461,587.50. Following the sale, the executive vice president now owns 47,863 shares in the company, valued at $3,948,697.50. The disclosure for this sale can be found here. Insiders have sold a total of 6,260 shares of company stock worth $517,893 over the last 90 days. Insiders own 2.00% of the company’s stock.
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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