InterDigital, Inc. (NASDAQ:IDCC) – Analysts at B. Riley dropped their Q1 2019 earnings per share estimates for InterDigital in a report issued on Monday, October 29th. B. Riley analyst E. Wold now forecasts that the Wireless communications provider will post earnings of $0.18 per share for the quarter, down from their previous estimate of $0.38. B. Riley also issued estimates for InterDigital’s Q2 2019 earnings at $0.28 EPS, Q3 2019 earnings at $0.40 EPS, Q4 2019 earnings at $0.59 EPS, FY2019 earnings at $1.44 EPS and FY2020 earnings at $2.43 EPS.
InterDigital (NASDAQ:IDCC) last announced its earnings results on Thursday, August 2nd. The Wireless communications provider reported $0.30 EPS for the quarter, topping the consensus estimate of $0.22 by $0.08. The business had revenue of $69.56 million for the quarter, compared to the consensus estimate of $64.39 million. InterDigital had a return on equity of 19.85% and a net margin of 27.99%. InterDigital’s revenue was down 48.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.46 EPS.
Shares of IDCC opened at $70.95 on Wednesday. The company has a market capitalization of $2.44 billion, a PE ratio of 11.71, a price-to-earnings-growth ratio of 2.66 and a beta of 0.98. The company has a debt-to-equity ratio of 0.28, a quick ratio of 9.36 and a current ratio of 9.36. InterDigital has a one year low of $68.22 and a one year high of $85.85.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 24th. Investors of record on Wednesday, October 10th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.97%. The ex-dividend date was Tuesday, October 9th. InterDigital’s dividend payout ratio (DPR) is presently 23.10%.
In related news, EVP James J. Nolan sold 5,093 shares of the business’s stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $79.82, for a total value of $406,523.26. Following the completion of the transaction, the executive vice president now owns 39,560 shares in the company, valued at approximately $3,157,679.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.00% of the company’s stock.
Several institutional investors have recently modified their holdings of IDCC. Segall Bryant & Hamill LLC bought a new stake in shares of InterDigital during the 2nd quarter valued at $23,853,000. Voya Investment Management LLC raised its position in shares of InterDigital by 126.3% during the 2nd quarter. Voya Investment Management LLC now owns 117,111 shares of the Wireless communications provider’s stock valued at $9,474,000 after acquiring an additional 65,371 shares during the last quarter. Dean Investment Associates LLC bought a new stake in shares of InterDigital during the 2nd quarter valued at $4,313,000. Dupont Capital Management Corp raised its position in shares of InterDigital by 494.5% during the 2nd quarter. Dupont Capital Management Corp now owns 48,317 shares of the Wireless communications provider’s stock valued at $3,909,000 after acquiring an additional 40,190 shares during the last quarter. Finally, Fort L.P. raised its position in shares of InterDigital by 163.0% during the 2nd quarter. Fort L.P. now owns 60,955 shares of the Wireless communications provider’s stock valued at $4,931,000 after acquiring an additional 37,781 shares during the last quarter. Institutional investors own 74.39% of the company’s stock.
InterDigital Company Profile
InterDigital, Inc designs and develops technologies that enable and enhance wireless communications in the United States and internationally. It offers technology solutions for use in digital cellular and wireless products and networks, including 2G, 3G, 4G, and IEEE 802-related products and networks.
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