InterDigital (IDCC) to Release Quarterly Earnings on Thursday

InterDigital (NASDAQ:IDCC - Get Free Report) will likely be releasing its earnings data before the market opens on Thursday, February 6th. Analysts expect InterDigital to post earnings of $5.40 per share and revenue of $244.24 million for the quarter. Parties that wish to listen to the company's conference call can do so using this link.

InterDigital Price Performance

Shares of NASDAQ IDCC traded up $4.62 during mid-day trading on Thursday, hitting $184.76. 193,212 shares of the stock traded hands, compared to its average volume of 364,001. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.62 and a quick ratio of 1.62. InterDigital has a twelve month low of $95.33 and a twelve month high of $207.08. The firm has a 50 day simple moving average of $189.12 and a two-hundred day simple moving average of $159.83. The company has a market cap of $4.68 billion, a PE ratio of 19.74, a price-to-earnings-growth ratio of 1.97 and a beta of 1.44.

InterDigital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 22nd. Shareholders of record on Wednesday, January 8th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 0.97%. The ex-dividend date was Wednesday, January 8th. InterDigital's dividend payout ratio (DPR) is presently 19.23%.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other InterDigital news, insider Joshua D. Schmidt sold 140 shares of InterDigital stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $182.19, for a total value of $25,506.60. Following the sale, 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Rajesh Pankaj sold 700 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $204.13, for a total transaction of $142,891.00. Following the transaction, the chief technology officer now owns 52,997 shares of the company's stock, valued at $10,818,277.61. This trade represents a 1.30 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,622 shares of company stock valued at $2,433,251. 2.30% of the stock is currently owned by corporate insiders.

InterDigital Company Profile

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.