InterDigital (IDCC) Expected to Announce Earnings on Thursday

InterDigital (NASDAQ:IDCC - Get Free Report) is anticipated to issue its quarterly earnings data before the market opens on Thursday, February 20th. Analysts expect the company to announce earnings of $5.40 per share and revenue of $244.24 million for the quarter. Parties that wish to register for the company's conference call can do so using this link.

InterDigital Stock Performance

NASDAQ:IDCC traded down $0.68 during trading hours on Friday, reaching $214.29. The stock had a trading volume of 411,307 shares, compared to its average volume of 357,543. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.62 and a current ratio of 1.70. The stock has a 50 day simple moving average of $190.07 and a 200 day simple moving average of $166.58. InterDigital has a 12-month low of $95.33 and a 12-month high of $216.00. The stock has a market cap of $5.43 billion, a P/E ratio of 17.80, a price-to-earnings-growth ratio of 2.41 and a beta of 1.44.

InterDigital Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th will be given a $0.60 dividend. This is an increase from InterDigital's previous quarterly dividend of $0.45. This represents a $2.40 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date is Wednesday, April 9th. InterDigital's dividend payout ratio (DPR) is currently 14.95%.

Insider Activity

In other news, insider Joshua D. Schmidt sold 140 shares of InterDigital stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $182.19, for a total value of $25,506.60. Following the completion of the transaction, the insider now directly owns 24,138 shares in the company, valued at approximately $4,397,702.22. The trade was a 0.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Rajesh Pankaj sold 700 shares of InterDigital stock in a transaction on Monday, January 6th. The shares were sold at an average price of $204.13, for a total value of $142,891.00. Following the completion of the transaction, the chief technology officer now owns 52,997 shares of the company's stock, valued at approximately $10,818,277.61. This trade represents a 1.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 13,322 shares of company stock worth $2,562,751. 2.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, StockNews.com downgraded InterDigital from a "buy" rating to a "hold" rating in a research report on Monday, November 4th.

About InterDigital

InterDigital, Inc operates as a global research and development company with focus primarily on wireless, visual, artificial intelligence (AI), and related technologies. The company engages in the design and development of technologies that enable connected in a range of communications and entertainment products and services, which are licensed to companies providing such products and services, including makers of wireless communications, consumer electronics, IoT devices, and cars and other motor vehicles, as well as providers of cloud-based services, such as video streaming.