InterDigital (IDCC) Projected to Post Earnings on Thursday

InterDigital (NASDAQ:IDCC) is anticipated to post its quarterly earnings results before the market opens on Thursday, February 20th. Analysts expect InterDigital to post earnings of $5.40 per share and revenue of $244.24 million for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

InterDigital Trading Up 1.4 %

Shares of IDCC stock opened at $217.29 on Wednesday. The stock has a market capitalization of $5.58 billion, a PE ratio of 18.05, a P/E/G ratio of 2.41 and a beta of 1.44. InterDigital has a 1-year low of $95.33 and a 1-year high of $217.32. The business has a 50-day moving average of $190.97 and a 200 day moving average of $167.70. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.70 and a quick ratio of 1.62.

InterDigital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Wednesday, April 9th. This is a boost from InterDigital’s previous quarterly dividend of $0.45. This represents a $2.40 annualized dividend and a yield of 1.10%. InterDigital’s dividend payout ratio is currently 19.93%.

Insider Transactions at InterDigital

In related news, CEO Lawrence Liren Chen sold 5,891 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $189.12, for a total transaction of $1,114,105.92. Following the completion of the transaction, the chief executive officer now owns 158,652 shares of the company’s stock, valued at $30,004,266.24. This trade represents a 3.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Rajesh Pankaj sold 700 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $185.00, for a total value of $129,500.00. Following the transaction, the chief technology officer now directly owns 52,396 shares of the company’s stock, valued at approximately $9,693,260. This trade represents a 1.32 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,182 shares of company stock valued at $2,537,245. Corporate insiders own 2.30% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com cut InterDigital from a “buy” rating to a “hold” rating in a report on Monday, November 4th.

InterDigital Company Profile

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.