InterDigital, Inc. (NASDAQ:IDCC) Plans Quarterly Dividend of $0.70

InterDigital, Inc. (NASDAQ:IDCC) announced a quarterly dividend on Thursday, December 4th. Stockholders of record on Wednesday, January 14th will be given a dividend of 0.70 per share by the Wireless communications provider on Wednesday, January 28th. This represents a c) annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, January 14th.

InterDigital has increased its dividend by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 3 years. InterDigital has a payout ratio of 42.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect InterDigital to earn $6.86 per share next year, which means the company should continue to be able to cover its $2.80 annual dividend with an expected future payout ratio of 40.8%.

InterDigital Stock Performance

Shares of IDCC stock opened at $350.79 on Friday. The firm’s 50 day moving average is $358.05 and its 200 day moving average is $288.98. The stock has a market capitalization of $9.03 billion, a P/E ratio of 23.67, a PEG ratio of 1.66 and a beta of 1.54. InterDigital has a 12 month low of $169.58 and a 12 month high of $412.60. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.02.

InterDigital (NASDAQ:IDCC) last issued its earnings results on Thursday, October 30th. The Wireless communications provider reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.79 by $0.14. The business had revenue of $164.68 million for the quarter, compared to analysts’ expectations of $153.43 million. InterDigital had a net margin of 53.50% and a return on equity of 51.89%. The business’s revenue for the quarter was up 28.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.14 EPS. InterDigital has set its FY 2025 guidance at 14.570-14.830 EPS and its Q4 2025 guidance at 1.380-1.630 EPS. On average, sell-side analysts anticipate that InterDigital will post 9.21 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. William Blair reiterated an “outperform” rating on shares of InterDigital in a research note on Monday, September 22nd. Roth Capital upped their target price on shares of InterDigital from $270.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, September 12th. UBS Group set a $425.00 price target on shares of InterDigital in a research report on Monday. Weiss Ratings reiterated a “buy (a-)” rating on shares of InterDigital in a research report on Monday. Finally, Zacks Research lowered InterDigital from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 21st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $416.67.

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.