InterDigital (NASDAQ:IDCC) had its price target decreased by B. Riley from $100.00 to $94.00 in a research report report published on Friday, Marketbeat.com reports. B. Riley currently has a buy rating on the Wireless communications provider’s stock. B. Riley also issued estimates for InterDigital’s Q1 2018 earnings at $0.28 EPS, Q2 2018 earnings at $0.28 EPS, Q3 2018 earnings at $0.49 EPS, Q4 2018 earnings at $0.57 EPS, FY2018 earnings at $1.62 EPS, Q1 2019 earnings at $0.44 EPS, Q3 2019 earnings at $0.57 EPS and Q4 2019 earnings at $0.64 EPS.
IDCC has been the subject of a number of other reports. Zacks Investment Research raised shares of InterDigital from a hold rating to a buy rating and set a $82.00 price objective for the company in a report on Wednesday, November 1st. BidaskClub lowered shares of InterDigital from a sell rating to a strong sell rating in a report on Thursday, January 25th. Finally, ValuEngine raised shares of InterDigital from a hold rating to a buy rating in a report on Thursday, November 16th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of $88.67.
Shares of InterDigital (NASDAQ IDCC) opened at $75.45 on Friday. InterDigital has a one year low of $67.55 and a one year high of $93.00. The company has a market cap of $2,620.00, a P/E ratio of 15.46 and a beta of 0.94. The company has a current ratio of 3.71, a quick ratio of 3.71 and a debt-to-equity ratio of 0.33.
In other InterDigital news, EVP Scott A. Mcquilkin sold 500 shares of the stock in a transaction that occurred on Friday, December 29th. The shares were sold at an average price of $76.50, for a total transaction of $38,250.00. Following the completion of the sale, the executive vice president now directly owns 78,881 shares of the company’s stock, valued at approximately $6,034,396.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.90% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. Cerebellum GP LLC purchased a new stake in InterDigital during the 4th quarter valued at approximately $127,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in InterDigital by 57.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,815 shares of the Wireless communications provider’s stock valued at $138,000 after buying an additional 664 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its holdings in InterDigital by 107.2% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,182 shares of the Wireless communications provider’s stock valued at $160,000 after buying an additional 1,129 shares in the last quarter. Victory Capital Management Inc. grew its holdings in InterDigital by 52.2% during the 3rd quarter. Victory Capital Management Inc. now owns 2,459 shares of the Wireless communications provider’s stock valued at $181,000 after buying an additional 843 shares in the last quarter. Finally, Oakbrook Investments LLC purchased a new position in shares of InterDigital in the fourth quarter valued at $202,000. 71.62% of the stock is owned by institutional investors and hedge funds.
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InterDigital, Inc designs and develops technologies for wireless communications. The Company is focused on three technology areas: cellular wireless technology, Internet of things (IoT) technology, and, through its Hillcrest Laboratories, Inc (Hillcrest Labs) subsidiary, sensor and sensor fusion technology.
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