Headlines about InterDigital (NASDAQ:IDCC) have been trending positive this week, Accern Sentiment reports. The research group scores the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. InterDigital earned a news sentiment score of 0.28 on Accern’s scale. Accern also assigned media stories about the Wireless communications provider an impact score of 45.9596730293926 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the media stories that may have impacted Accern’s rankings:
IDCC has been the topic of several research reports. B. Riley reissued a “buy” rating and issued a $100.00 target price on shares of InterDigital in a research report on Monday, December 4th. Zacks Investment Research raised InterDigital from a “hold” rating to a “buy” rating and set a $82.00 target price on the stock in a research report on Wednesday, November 1st. BidaskClub cut InterDigital from a “sell” rating to a “strong sell” rating in a research report on Thursday, January 25th. Finally, ValuEngine raised InterDigital from a “hold” rating to a “buy” rating in a research report on Thursday, November 16th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $93.67.
InterDigital (IDCC) opened at $79.35 on Monday. InterDigital has a 12-month low of $67.55 and a 12-month high of $102.30. The company has a debt-to-equity ratio of 0.34, a quick ratio of 3.22 and a current ratio of 3.22. The firm has a market capitalization of $2,750.00, a PE ratio of 10.96 and a beta of 0.94.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 10th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Tuesday, January 9th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.76%. InterDigital’s payout ratio is currently 19.34%.
In other news, EVP James J. Nolan sold 5,020 shares of InterDigital stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $75.00, for a total transaction of $376,500.00. Following the transaction, the executive vice president now directly owns 49,063 shares of the company’s stock, valued at approximately $3,679,725. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Scott A. Mcquilkin sold 500 shares of InterDigital stock in a transaction dated Friday, December 29th. The shares were sold at an average price of $76.50, for a total value of $38,250.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,020 shares of company stock worth $453,000. Insiders own 1.90% of the company’s stock.
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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.
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