InterDigital (IDCC) to Release 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 Stock Performance

Shares of InterDigital stock opened at $184.55 on Wednesday. The firm has a market cap 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. The firm’s 50-day simple moving average is $188.54 and its 200-day simple moving average is $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. InterDigital has a 1 year low of $95.33 and a 1 year high of $207.08.

InterDigital Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 0.98%. InterDigital’s dividend payout ratio (DPR) is presently 19.23%.

Insider Buying and Selling

In other InterDigital news, CEO Lawrence Liren Chen sold 5,891 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $195.34, for a total value of $1,150,747.94. Following the sale, the chief executive officer now owns 164,543 shares in the company, valued at approximately $32,141,829.62. This trade represents a 3.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 transaction of $142,891.00. Following the completion of the sale, the chief technology officer now owns 52,997 shares in the company, valued at $10,818,277.61. The trade was a 1.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,622 shares of company stock worth $2,433,251 over the last quarter. 2.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

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.