InterDigital (IDCC) Projected to Post Quarterly Earnings on Thursday

InterDigital (NASDAQ:IDCC) is expected to post its quarterly earnings results 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. Individual interested in listening to the company’s earnings conference call can do so using this link.

InterDigital Price Performance

Shares of NASDAQ IDCC opened at $180.14 on Thursday. The stock has a market cap of $4.56 billion, a PE ratio of 19.25, a price-to-earnings-growth ratio of 1.97 and a beta of 1.44. InterDigital has a fifty-two week low of $95.33 and a fifty-two week high of $207.08. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.62 and a current ratio of 1.62. The stock has a fifty day moving average of $189.12 and a 200-day moving average of $159.83.

InterDigital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 22nd. Stockholders of record on Wednesday, January 8th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend was Wednesday, January 8th. InterDigital’s dividend payout ratio (DPR) is presently 19.23%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut InterDigital from a “buy” rating to a “hold” rating in a research report on Monday, November 4th.

Insider Buying and Selling

In related news, CTO Rajesh Pankaj sold 700 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $204.13, for a total transaction of $142,891.00. Following the completion of the transaction, the chief technology officer now directly owns 52,997 shares in the company, valued at $10,818,277.61. The trade was a 1.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joshua D. Schmidt sold 140 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $182.19, for a total value of $25,506.60. Following the transaction, the insider now owns 24,138 shares of the company’s stock, valued at approximately $4,397,702.22. The trade was a 0.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,622 shares of company stock worth $2,433,251 over the last ninety days. 2.30% of the stock is 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.