InterDigital (IDCC) Receives Daily News Sentiment Score of 0.13
News stories about InterDigital (NASDAQ:IDCC) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. InterDigital earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned press coverage about the Wireless communications provider an impact score of 46.2184068201711 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Dougherty & Co Brokers Lift Earnings Estimates for InterDigital, Inc. (IDCC) (americanbankingnews.com)
- InterDigital Claims World’s First Successful Mobile Edge 5G Network Architecture Trial (telecomengine.com)
- What Kind of Picture Are the Technicals Painting For InterDigital Inc (IDCC)? – Sparta Review (spartareview.com)
- What’s Behind InterDigital Inc (IDCC)? Technical Indicators Under Review – Sparta Review (spartareview.com)
- Can South State Corporation (NASDAQ:SSB) or InterDigital, Inc. (NASDAQ:IDCC) Grab Upward Traction? – FLBC News (flbcnews.com)
InterDigital (IDCC) opened at 69.15 on Friday. The firm has a market capitalization of $2.40 billion, a PE ratio of 7.54 and a beta of 1.00. The company’s 50-day moving average is $75.04 and its 200 day moving average is $83.52. InterDigital has a 1-year low of $67.05 and a 1-year high of $102.30.
InterDigital (NASDAQ:IDCC) last posted its earnings results on Thursday, July 27th. The Wireless communications provider reported $1.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.41 by $0.05. InterDigital had a return on equity of 44.58% and a net margin of 45.92%. The company had revenue of $135.78 million during the quarter, compared to the consensus estimate of $133.69 million. During the same quarter last year, the firm earned $1.14 earnings per share. The company’s revenue was up 78.8% on a year-over-year basis. On average, equities analysts expect that InterDigital will post $3.59 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, July 26th. Stockholders of record on Wednesday, July 12th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend was Monday, July 10th. InterDigital’s dividend payout ratio is currently 13.00%.
Several analysts recently issued reports on IDCC shares. BidaskClub downgraded shares of InterDigital from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 12th. Zacks Investment Research raised shares of InterDigital from a “sell” rating to a “hold” rating in a report on Wednesday, May 3rd. Benchmark Co. started coverage on shares of InterDigital in a report on Tuesday, April 25th. They set a “hold” rating for the company. ValuEngine raised shares of InterDigital from a “buy” rating to a “strong-buy” rating in a report on Thursday, May 25th. Finally, B. Riley raised shares of InterDigital from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $86.00 to $100.00 in a report on Monday, April 24th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $92.50.
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In other news, EVP James J. Nolan sold 2,294 shares of InterDigital stock in a transaction on Monday, August 7th. The stock was sold at an average price of $71.30, for a total transaction of $163,562.20. Following the completion of the sale, the executive vice president now owns 54,042 shares of the company’s stock, valued at $3,853,194.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jeffrey K. Belk sold 800 shares of the business’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $84.39, for a total value of $67,512.00. Following the completion of the transaction, the director now directly owns 17,801 shares of the company’s stock, valued at approximately $1,502,226.39. The disclosure for this sale can be found here. Insiders have sold 3,594 shares of company stock valued at $270,649 in the last three months. Insiders own 1.90% of the company’s stock.
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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