InterDigital, Inc. (NASDAQ:IDCC) has received a consensus rating of “Buy” from the seven analysts that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $93.67.

IDCC has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of InterDigital from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a research note on Wednesday, November 1st. B. Riley reiterated a “buy” rating and issued a $100.00 price objective on shares of InterDigital in a research note on Monday, December 4th. BidaskClub upgraded shares of InterDigital from a “strong sell” rating to a “sell” rating in a research note on Monday. Finally, ValuEngine upgraded shares of InterDigital from a “hold” rating to a “buy” rating in a research note on Thursday, November 16th.

In other InterDigital news, EVP James J. Nolan sold 5,020 shares of the firm’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $75.00, for a total value of $376,500.00. Following the completion of the transaction, the executive vice president now directly owns 49,063 shares of the company’s stock, valued at approximately $3,679,725. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Scott A. Mcquilkin sold 500 shares of the firm’s stock in a transaction on Saturday, 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 transaction, the executive vice president now directly owns 78,881 shares of the company’s stock, valued at $6,034,396.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,020 shares of company stock valued at $453,000. Insiders own 1.90% of the company’s stock.

A number of large investors have recently made changes to their positions in IDCC. Koch Industries Inc. boosted its holdings in InterDigital by 5,919.7% in the 2nd quarter. Koch Industries Inc. now owns 473,089 shares of the Wireless communications provider’s stock valued at $467,000 after purchasing an additional 465,230 shares during the period. State Street Corp boosted its holdings in InterDigital by 8.2% in the 2nd quarter. State Street Corp now owns 1,199,522 shares of the Wireless communications provider’s stock valued at $92,724,000 after purchasing an additional 91,286 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of InterDigital by 6.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 985,849 shares of the Wireless communications provider’s stock worth $72,708,000 after acquiring an additional 62,291 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of InterDigital during the 3rd quarter worth $4,587,000. Finally, Boston Partners bought a new stake in shares of InterDigital during the 3rd quarter worth $4,079,000. 68.91% of the stock is owned by hedge funds and other institutional investors.

InterDigital (IDCC) opened at $76.55 on Tuesday. InterDigital has a one year low of $67.55 and a one year high of $102.30. The firm has a market cap of $2,660.00, a P/E ratio of 10.57 and a beta of 0.94. The company has a quick ratio of 3.22, a current ratio of 3.22 and a debt-to-equity ratio of 0.34.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 24th. Investors of record on Wednesday, January 10th were paid a $0.35 dividend. The ex-dividend date was Tuesday, January 9th. This represents a $1.40 dividend on an annualized basis and a yield of 1.83%. InterDigital’s dividend payout ratio is 19.34%.

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About InterDigital

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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