Media headlines about InterDigital (NASDAQ:IDCC) have trended somewhat positive this week, according to Accern Sentiment. Accern scores the sentiment of media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. InterDigital earned a daily sentiment score of 0.20 on Accern’s scale. Accern also gave news articles about the Wireless communications provider an impact score of 45.7589701927731 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:
Several brokerages have recently commented on IDCC. BidaskClub upgraded InterDigital from a “hold” rating to a “buy” rating in a research report on Wednesday, April 18th. Zacks Investment Research downgraded InterDigital from a “buy” rating to a “hold” rating in a research report on Wednesday, February 28th. Dougherty & Co upgraded InterDigital from a “neutral” rating to a “buy” rating and set a $87.00 price objective on the stock in a research report on Friday, February 23rd. Finally, B. Riley lowered their price objective on InterDigital from $100.00 to $94.00 and set a “buy” rating on the stock in a research report on Friday, February 23rd. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. InterDigital presently has a consensus rating of “Buy” and an average price target of $88.67.
Shares of IDCC stock opened at $78.40 on Wednesday. InterDigital has a 12-month low of $67.55 and a 12-month high of $93.00. The company has a current ratio of 3.71, a quick ratio of 3.71 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $2,756.33, a PE ratio of 12.94 and a beta of 0.92.
InterDigital (NASDAQ:IDCC) last issued its earnings results on Thursday, February 22nd. The Wireless communications provider reported $2.68 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $191.42 million. During the same period in the previous year, the firm posted $3.85 earnings per share. The business’s revenue was down 25.0% compared to the same quarter last year. analysts predict that InterDigital will post 1.58 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 1st. Stockholders of record on Monday, April 23rd will be issued a $0.35 dividend. The ex-dividend date of this dividend is Friday, April 20th. This represents a $1.40 annualized dividend and a dividend yield of 1.79%. InterDigital’s dividend payout ratio (DPR) is 23.10%.
In other news, EVP James J. Nolan sold 7,765 shares of InterDigital stock in a transaction dated Monday, April 16th. The stock was sold at an average price of $79.50, for a total value of $617,317.50. Following the sale, the executive vice president now directly owns 47,946 shares of the company’s stock, valued at $3,811,707. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jannie K. Lau sold 9,700 shares of InterDigital stock in a transaction dated Tuesday, April 17th. The stock was sold at an average price of $79.34, for a total value of $769,598.00. Following the completion of the sale, the insider now directly owns 18,746 shares in the company, valued at $1,487,307.64. The disclosure for this sale can be found here. Insiders sold 17,737 shares of company stock worth $1,406,010 over the last ninety days. Insiders own 1.90% of the company’s stock.
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InterDigital Company Profile
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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