InterDigital (IDCC) Projected to Post Quarterly Earnings on Thursday

InterDigital (NASDAQ:IDCC) is anticipated to issue its quarterly earnings data before the market opens on Thursday, February 6th. Analysts expect the company to announce earnings of $5.40 per share and revenue of $244.24 million for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

InterDigital Trading Down 0.6 %

Shares of IDCC stock opened at $180.14 on Thursday. The stock has a market cap of $4.56 billion, a price-to-earnings ratio of 19.25, a PEG ratio of 1.97 and a beta of 1.44. The stock has a 50-day moving average of $189.12 and a 200-day moving average of $159.83. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.03. InterDigital has a 1-year low of $95.33 and a 1-year high of $207.08.

InterDigital Dividend Announcement

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

Analyst Ratings Changes

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

Insider Buying and Selling

In other InterDigital news, insider Joshua D. Schmidt sold 140 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $182.19, for a total value of $25,506.60. Following the completion of the sale, the insider now owns 24,138 shares of the company’s stock, valued at approximately $4,397,702.22. This trade represents a 0.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CTO Rajesh Pankaj sold 700 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $204.13, for a total value of $142,891.00. Following the completion of the sale, the chief technology officer now directly owns 52,997 shares of the company’s stock, valued at $10,818,277.61. This trade represents a 1.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,622 shares of company stock valued at $2,433,251 over the last 90 days. Company 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.