InterDigital (NASDAQ:IDCC - Get Free Report) was downgraded by equities researchers at StockNews.com from a "buy" rating to a "hold" rating in a research note issued to investors on Monday.
Separately, Roth Mkm boosted their target price on shares of InterDigital from $146.00 to $160.00 and gave the company a "buy" rating in a report on Wednesday, September 11th.
Get Our Latest Stock Report on IDCC
InterDigital Stock Performance
InterDigital stock traded down $0.19 during trading on Monday, hitting $143.19. The stock had a trading volume of 205,808 shares, compared to its average volume of 459,530. The stock's 50 day moving average is $136.40 and its two-hundred day moving average is $119.43. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.03. InterDigital has a 1 year low of $74.65 and a 1 year high of $145.49. The stock has a market cap of $3.61 billion, a price-to-earnings ratio of 21.06, a price-to-earnings-growth ratio of 0.88 and a beta of 1.39.
InterDigital (NASDAQ:IDCC - Get Free Report) last issued its earnings results on Thursday, August 1st. The Wireless communications provider reported $4.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.43 by $3.77. InterDigital had a net margin of 37.99% and a return on equity of 44.57%. The business had revenue of $223.49 million for the quarter, compared to analysts' expectations of $95.63 million. As a group, analysts predict that InterDigital will post 9.05 EPS for the current year.
Insider Transactions at InterDigital
In related news, Director John A. Kritzmacher sold 2,500 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of $138.72, for a total value of $346,800.00. Following the transaction, the director now owns 20,279 shares of the company's stock, valued at $2,813,102.88. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other InterDigital news, Director Derek K. Aberle sold 2,005 shares of the company's stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $134.40, for a total transaction of $269,472.00. Following the completion of the sale, the director now directly owns 7,639 shares in the company, valued at $1,026,681.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director John A. Kritzmacher sold 2,500 shares of the company's stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $138.72, for a total transaction of $346,800.00. Following the sale, the director now owns 20,279 shares of the company's stock, valued at approximately $2,813,102.88. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.30% of the company's stock.
Institutional Trading of InterDigital
Institutional investors have recently added to or reduced their stakes in the business. 1620 Investment Advisors Inc. purchased a new stake in shares of InterDigital during the second quarter worth about $29,000. Riverview Trust Co purchased a new stake in shares of InterDigital during the first quarter worth about $31,000. GAMMA Investing LLC boosted its holdings in shares of InterDigital by 50.8% during the second quarter. GAMMA Investing LLC now owns 368 shares of the Wireless communications provider's stock worth $43,000 after purchasing an additional 124 shares during the period. Nisa Investment Advisors LLC boosted its holdings in shares of InterDigital by 38.0% during the second quarter. Nisa Investment Advisors LLC now owns 396 shares of the Wireless communications provider's stock worth $46,000 after purchasing an additional 109 shares during the period. Finally, Palisade Asset Management LLC purchased a new stake in shares of InterDigital during the first quarter worth about $64,000. 99.83% of the stock is currently owned by hedge funds and other institutional investors.
About InterDigital
(
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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.
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