InterDigital (IDCC) Set to Announce Quarterly Earnings on Thursday

InterDigital (NASDAQ:IDCC) is set to announce its earnings results before the market opens on Thursday, October 31st. Analysts expect the company to announce earnings of $0.76 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

InterDigital (NASDAQ:IDCC) last posted its quarterly earnings data on Thursday, August 1st. The Wireless communications provider reported $4.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $3.77. The company had revenue of $223.49 million during the quarter, compared to analysts’ expectations of $95.63 million. InterDigital had a return on equity of 44.57% and a net margin of 37.99%. On average, analysts expect InterDigital to post $9 EPS for the current fiscal year and $4 EPS for the next fiscal year.

InterDigital Stock Up 2.8 %

Shares of InterDigital stock opened at $149.63 on Wednesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.51 and a current ratio of 1.51. The firm has a fifty day moving average of $141.68 and a two-hundred day moving average of $125.25. InterDigital has a one year low of $74.65 and a one year high of $157.50. The company has a market cap of $3.78 billion, a P/E ratio of 22.00, a PEG ratio of 0.97 and a beta of 1.39.

InterDigital Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 9th were issued a $0.45 dividend. The ex-dividend date of this dividend was Wednesday, October 9th. This is a boost from InterDigital’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a yield of 1.20%. InterDigital’s dividend payout ratio (DPR) is 26.47%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on IDCC. StockNews.com raised InterDigital from a “hold” rating to a “buy” rating in a report on Tuesday, October 15th. Roth Mkm upped their price target on InterDigital from $146.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, September 11th.

Insider Activity at InterDigital

In related news, CTO Rajesh Pankaj sold 700 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $142.78, for a total transaction of $99,946.00. Following the completion of the transaction, the chief technology officer now owns 54,984 shares in the company, valued at $7,850,615.52. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CTO Rajesh Pankaj sold 700 shares of the stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $142.78, for a total value of $99,946.00. Following the completion of the transaction, the chief technology officer now directly owns 54,984 shares in the company, valued at $7,850,615.52. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Derek K. Aberle sold 2,005 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $134.40, for a total value of $269,472.00. Following the completion of the sale, the director now owns 7,639 shares of the company’s stock, valued at approximately $1,026,681.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,205 shares of company stock valued at $716,218. Corporate insiders own 2.30% of the company’s stock.

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.