Media headlines about InterDigital (NASDAQ:IDCC) have trended positive recently, Accern reports. The research group identifies negative and positive 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 nearest to one being the most favorable. InterDigital earned a news impact score of 0.29 on Accern’s scale. Accern also gave news stories about the Wireless communications provider an impact score of 45.2773041147503 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
Shares of IDCC opened at $76.00 on Tuesday. The company has a quick ratio of 3.71, a current ratio of 3.71 and a debt-to-equity ratio of 0.33. InterDigital has a 52-week low of $67.55 and a 52-week high of $93.00. The firm has a market capitalization of $2,610.90, a price-to-earnings ratio of 12.54 and a beta of 0.92.
InterDigital (NASDAQ:IDCC) last issued its quarterly earnings data on Thursday, February 22nd. The Wireless communications provider reported $2.68 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $1.60. InterDigital had a return on equity of 26.52% and a net margin of 32.70%. The firm had revenue of $205.30 million during the quarter, compared to the consensus estimate of $191.42 million. During the same quarter in the previous year, the company posted $3.85 EPS. The business’s revenue for the quarter was down 25.0% compared to the same quarter last year. equities research analysts forecast that InterDigital will post 1.58 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 1st. Shareholders of record on Monday, April 23rd will be given a $0.35 dividend. The ex-dividend date of this dividend is Friday, April 20th. This represents a $1.40 annualized dividend and a yield of 1.84%. InterDigital’s payout ratio is 23.10%.
IDCC has been the topic of several recent research reports. Zacks Investment Research lowered InterDigital from a “buy” rating to a “hold” rating in a report on Wednesday, February 28th. BidaskClub lowered InterDigital from a “sell” rating to a “strong sell” rating in a research note on Thursday, January 25th. Dougherty & Co raised InterDigital from a “neutral” rating to a “buy” rating and set a $87.00 price target on the stock in a research note on Friday, February 23rd. Finally, B. Riley decreased their price target on InterDigital from $100.00 to $94.00 and set a “buy” rating on the stock in a research note on Friday, February 23rd. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $88.67.
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InterDigital, Inc designs and develops technologies that enable and enhance wireless communications in the United States and internationally. It offers technology solutions for use in digital cellular and wireless products and networks, including 2G, 3G, 4G, and IEEE 802-related products and networks.
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