InterDigital (IDCC) to Release Earnings on Thursday

InterDigital (NASDAQ:IDCC) is anticipated 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 that wish to register for the company’s earnings conference call can do so using this link.

InterDigital Trading Up 1.4 %

Shares of IDCC opened at $184.55 on Wednesday. The stock has a fifty day moving average of $188.54 and a two-hundred day moving average of $161.81. 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 company has a market capitalization of $4.68 billion, a PE ratio of 19.72, a price-to-earnings-growth ratio of 2.08 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.

InterDigital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 22nd. Shareholders of record on Wednesday, January 8th were issued a $0.45 dividend. The ex-dividend date was Wednesday, January 8th. This represents a $1.80 annualized dividend and a yield of 0.98%. InterDigital’s dividend payout ratio (DPR) is presently 19.23%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at InterDigital

In other InterDigital news, insider Joshua D. Schmidt sold 140 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $182.19, for a total value of $25,506.60. Following the completion of the transaction, the insider now directly owns 24,138 shares of the company’s stock, valued at $4,397,702.22. This represents a 0.58 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO Rajesh Pankaj sold 700 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were 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 of the company’s stock, valued at approximately $10,818,277.61. The trade was a 1.30 % 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 valued at $2,433,251 in the last ninety days. Insiders own 2.30% of the company’s stock.

About InterDigital

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.