InterDigital Upgraded to Buy at Thomson Reuters/Verus (IDCC)
Posted by Stuart Ham on Oct 21st, 2013 // No Comments
InterDigital Inc. logoInterDigital (NASDAQ:IDCC) was upgraded by equities researchers at Thomson Reuters/Verus from a “hold” rating to a “buy” rating in a research report issued on Monday, AnalystRatings.NET reports.
Shares of InterDigital (NASDAQ:IDCC) traded up 0.47% on Monday, hitting $36.5898. 172,541 shares of the company’s stock traded hands. InterDigital has a 52 week low of $33.06 and a 52 week high of $48.68. The stock’s 50-day moving average is $37.20 and its 200-day moving average is $40.82. The company has a market cap of $1.507 billion and a price-to-earnings ratio of 6.09.
InterDigital (NASDAQ:IDCC) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.07. The company had revenue of $67.70 million for the quarter, compared to the consensus estimate of $68.18 million. During the same quarter last year, the company posted $0.22 earnings per share. InterDigital’s revenue was down 5.8% compared to the same quarter last year. On average, analysts predict that InterDigital will post $-0.24 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 23rd. Shareholders of record on Wednesday, October 9th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.10%. The ex-dividend date is Monday, October 7th.
InterDigital, Inc (NASDAQ:IDCC) designs and develops advanced technologies for wireless communications.
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