InterDigital Wireless Inc (NASDAQ:IDCC) has received an average rating of “Hold” from the six brokerages that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $80.00.
A number of research analysts recently commented on the stock. ValuEngine downgraded shares of InterDigital Wireless from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 27th. BidaskClub downgraded shares of InterDigital Wireless from a “sell” rating to a “strong sell” rating in a research report on Thursday, December 5th.
Shares of IDCC opened at $54.48 on Friday. The company’s 50 day moving average price is $56.61 and its 200 day moving average price is $57.34. InterDigital Wireless has a 52 week low of $47.02 and a 52 week high of $74.03. The company has a market capitalization of $1.67 billion, a PE ratio of 30.10, a PEG ratio of 8.34 and a beta of 1.02. The company has a debt-to-equity ratio of 0.43, a quick ratio of 3.06 and a current ratio of 3.06.
InterDigital Wireless (NASDAQ:IDCC) last announced its quarterly earnings data on Thursday, October 31st. The Wireless communications provider reported $0.07 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.20) by $0.27. InterDigital Wireless had a net margin of 3.08% and a return on equity of 1.07%. The firm had revenue of $72.52 million for the quarter, compared to the consensus estimate of $72.82 million. During the same period in the previous year, the firm posted $0.60 earnings per share. The firm’s revenue was down 3.4% on a year-over-year basis. On average, equities analysts forecast that InterDigital Wireless will post 0.43 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 22nd. Shareholders of record on Wednesday, January 8th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.57%. The ex-dividend date is Tuesday, January 7th. InterDigital Wireless’s dividend payout ratio is 77.35%.
Hedge funds have recently bought and sold shares of the business. Los Angeles Capital Management & Equity Research Inc. increased its stake in InterDigital Wireless by 12.7% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 17,746 shares of the Wireless communications provider’s stock worth $1,143,000 after buying an additional 2,000 shares during the period. Stevens Capital Management LP acquired a new position in InterDigital Wireless during the 2nd quarter worth $1,893,000. General American Investors Co. Inc. grew its holdings in InterDigital Wireless by 24.4% during the 2nd quarter. General American Investors Co. Inc. now owns 179,137 shares of the Wireless communications provider’s stock worth $11,536,000 after acquiring an additional 35,171 shares in the last quarter. Meeder Asset Management Inc. grew its holdings in InterDigital Wireless by 1,140.2% during the 2nd quarter. Meeder Asset Management Inc. now owns 10,157 shares of the Wireless communications provider’s stock worth $654,000 after acquiring an additional 9,338 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new position in InterDigital Wireless during the 2nd quarter worth $766,000. 70.13% of the stock is owned by institutional investors.
About InterDigital Wireless
InterDigital, Inc designs and develops technologies that enable and enhance wireless communications in the United States and internationally. It provides 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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