InterDigital, Inc. (NASDAQ:IDCC) Insider Eric Cohen Sells 7,597 Shares

InterDigital, Inc. (NASDAQ:IDCCGet Rating) insider Eric Cohen sold 7,597 shares of the company’s stock in a transaction on Wednesday, March 15th. The stock was sold at an average price of $72.86, for a total value of $553,517.42. Following the sale, the insider now owns 42,153 shares of the company’s stock, valued at $3,071,267.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

InterDigital Price Performance

Shares of IDCC traded down $1.84 during trading hours on Friday, reaching $72.59. The stock had a trading volume of 982,025 shares, compared to its average volume of 444,137. InterDigital, Inc. has a 12 month low of $40.23 and a 12 month high of $75.74. The stock has a market capitalization of $2.15 billion, a PE ratio of 23.49, a PEG ratio of 2.45 and a beta of 1.21. The company has a debt-to-equity ratio of 0.83, a quick ratio of 4.96 and a current ratio of 4.96. The company’s 50-day moving average is $69.54 and its two-hundred day moving average is $55.65.

InterDigital (NASDAQ:IDCCGet Rating) last posted its quarterly earnings data on Wednesday, February 15th. The Wireless communications provider reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.16. The business had revenue of $117.10 million during the quarter, compared to the consensus estimate of $113.93 million. InterDigital had a return on equity of 13.02% and a net margin of 20.47%. InterDigital’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.70 earnings per share. Research analysts expect that InterDigital, Inc. will post 2.66 EPS for the current year.

Institutional Trading of InterDigital

Institutional investors and hedge funds have recently bought and sold shares of the stock. CWM LLC increased its holdings in InterDigital by 62.0% in the third quarter. CWM LLC now owns 619 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 237 shares during the period. U.S. Capital Wealth Advisors LLC acquired a new stake in InterDigital during the 4th quarter worth about $25,000. Dark Forest Capital Management LP grew its holdings in InterDigital by 892.0% during the 4th quarter. Dark Forest Capital Management LP now owns 496 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 446 shares during the period. Ronald Blue Trust Inc. acquired a new stake in InterDigital during the 4th quarter worth about $41,000. Finally, Quadrant Capital Group LLC grew its holdings in InterDigital by 55.3% during the 4th quarter. Quadrant Capital Group LLC now owns 887 shares of the Wireless communications provider’s stock worth $44,000 after acquiring an additional 316 shares during the period. 83.97% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have weighed in on IDCC shares. William Blair started coverage on InterDigital in a research note on Thursday, January 26th. They set an “outperform” rating for the company. StockNews.com initiated coverage on InterDigital in a research note on Thursday. They issued a “hold” rating for the company. Jefferies Financial Group initiated coverage on InterDigital in a research note on Friday, December 9th. They issued a “buy” rating and a $80.00 price target for the company. Finally, TheStreet upgraded InterDigital from a “c+” rating to a “b” rating in a research note on Monday, January 23rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, InterDigital has a consensus rating of “Hold” and an average target price of $70.00.

InterDigital Company Profile

(Get Rating)

InterDigital, Inc engages in the design and development of technologies that enable and enhance wireless communications, and capabilities. It focuses on mobile technology and devices, which includes cellular wireless technology, Internet of Things, technology, video coding & transmission, sensor and sensor fusion technology.

Featured Articles

Receive News & Ratings for InterDigital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for InterDigital and related companies with MarketBeat.com's FREE daily email newsletter.