News headlines about InterDigital (NASDAQ:IDCC) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. InterDigital earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave news stories about the Wireless communications provider an impact score of 47.1658189252851 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media headlines that may have effected Accern’s analysis:
- FY2018 EPS Estimates for InterDigital, Inc. (IDCC) Decreased by Dougherty & Co (americanbankingnews.com)
- B. Riley Brokers Reduce Earnings Estimates for InterDigital, Inc. (IDCC) (americanbankingnews.com)
- InterDigital Wins IDTechEX Best IoT Technology Development Award for oneTRANSPORT Data Marketplace – GlobeNewswire (press release) (globenewswire.com)
- Notable Thursday Option Activity: T, IDCC, GBX – Nasdaq.com – Nasdaq (nasdaq.com)
InterDigital (NASDAQ IDCC) traded down $0.20 during midday trading on Tuesday, reaching $74.20. 215,307 shares of the company’s stock traded hands, compared to its average volume of 334,792. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.22 and a quick ratio of 3.22. The stock has a market capitalization of $2,570.00, a price-to-earnings ratio of 10.25 and a beta of 0.95. InterDigital has a 52 week low of $67.55 and a 52 week high of $102.30.
InterDigital (NASDAQ:IDCC) last posted its quarterly earnings data on Thursday, October 26th. The Wireless communications provider reported $1.00 EPS for the quarter, topping the consensus estimate of $0.66 by $0.34. The company had revenue of $97.30 million during the quarter, compared to analyst estimates of $94.13 million. InterDigital had a net margin of 35.68% and a return on equity of 17.67%. InterDigital’s quarterly revenue was down 53.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.99 earnings per share. research analysts anticipate that InterDigital will post 4.02 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 11th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.89%. This is a positive change from InterDigital’s previous quarterly dividend of $0.30. The ex-dividend date was Tuesday, October 10th. InterDigital’s payout ratio is presently 19.34%.
InterDigital declared that its board has approved a stock repurchase program on Thursday, September 14th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the Wireless communications provider to repurchase up to 4.1% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.
IDCC has been the subject of a number of recent research reports. Zacks Investment Research raised shares of InterDigital from a “hold” rating to a “buy” rating and set a $77.00 target price for the company in a report on Friday, August 18th. B. Riley reissued a “buy” rating and issued a $100.00 target price on shares of InterDigital in a report on Friday, October 27th. ValuEngine raised shares of InterDigital from a “hold” rating to a “buy” rating in a report on Thursday, November 16th. Finally, Sidoti raised shares of InterDigital from a “neutral” rating to a “buy” rating in a 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 given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $89.00.
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In other InterDigital news, EVP Jannie K. Lau sold 2,561 shares of InterDigital stock in a transaction on Monday, October 30th. The shares were sold at an average price of $72.31, for a total transaction of $185,185.91. Following the completion of the transaction, the executive vice president now directly owns 19,496 shares of the company’s stock, valued at $1,409,755.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Scott A. Mcquilkin sold 500 shares of InterDigital stock in a transaction on Friday, September 29th. The stock was sold at an average price of $75.00, for a total transaction of $37,500.00. Following the transaction, 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 owned by insiders.
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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