InterDigital (IDCC) Given News Impact Rating of 0.17

Media stories about InterDigital (NASDAQ:IDCC) have been trending somewhat positive on Wednesday, according to Accern Sentiment. The research group ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. InterDigital earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned news stories about the Wireless communications provider an impact score of 45.597919731044 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Here are some of the media headlines that may have effected Accern Sentiment’s rankings:

Shares of InterDigital (IDCC) opened at 75.20 on Wednesday. The firm’s 50-day moving average is $72.20 and its 200-day moving average is $78.56. InterDigital has a 12-month low of $67.55 and a 12-month high of $102.30. The company has a market capitalization of $2.61 billion, a PE ratio of 8.20 and a beta of 0.93.

InterDigital (NASDAQ:IDCC) last announced its quarterly earnings data 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 net margin of 45.92% and a return on equity of 44.58%. The company had revenue of $135.78 million during the quarter, compared to the consensus estimate of $133.69 million. During the same quarter last year, the firm posted $1.14 EPS. The company’s quarterly revenue was up 78.8% on a year-over-year basis. On average, equities research analysts anticipate that InterDigital will post $3.61 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 11th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date is Tuesday, October 10th. This is an increase from InterDigital’s previous quarterly dividend of $0.30. InterDigital’s dividend payout ratio (DPR) is 13.00%.

InterDigital announced that its Board of Directors has approved a stock repurchase program on Thursday, September 14th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the Wireless communications provider to reacquire up to 4.1% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.

A number of equities research analysts have issued reports on IDCC shares. Zacks Investment Research upgraded shares of InterDigital from a “hold” rating to a “buy” rating and set a $77.00 price target for the company in a report on Friday, August 18th. BidaskClub cut shares of InterDigital from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 12th. B. Riley restated a “buy” rating and set a $100.00 price target on shares of InterDigital in a report on Wednesday, August 23rd. Sidoti upgraded shares of InterDigital from a “neutral” rating to a “buy” rating in a report on Tuesday, August 8th. Finally, ValuEngine cut shares of InterDigital from a “strong-buy” rating to a “buy” rating in a report on Friday, August 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $87.75.

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In related news, EVP Scott A. Mcquilkin sold 500 shares of InterDigital stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $75.00, for a total transaction of $37,500.00. Following the completion of the sale, the executive vice president now owns 79,319 shares of the company’s stock, valued at approximately $5,948,925. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP James J. Nolan sold 2,294 shares of InterDigital stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $71.30, for a total transaction of $163,562.20. Following the sale, the executive vice president now directly owns 54,042 shares of the company’s stock, valued at approximately $3,853,194.60. The disclosure for this sale can be found here. Insiders own 1.90% of the company’s stock.

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.

Insider Buying and Selling by Quarter for InterDigital (NASDAQ:IDCC)

Insider Buying and Selling by Quarter for InterDigital (NASDAQ:IDCC)

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