InterDigital, Inc. (NASDAQ:IDCC – Get Free Report) Director Derek K. Aberle sold 2,005 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $134.40, for a total transaction of $269,472.00. Following the transaction, the director now directly owns 7,639 shares of the company’s stock, valued at approximately $1,026,681.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
InterDigital Price Performance
IDCC stock traded up $0.21 during trading on Tuesday, hitting $135.24. The company had a trading volume of 44,911 shares, compared to its average volume of 479,834. The firm has a market capitalization of $3.41 billion, a price-to-earnings ratio of 19.86, a P/E/G ratio of 1.18 and a beta of 1.42. The company has a current ratio of 1.51, a quick ratio of 1.34 and a debt-to-equity ratio of 0.11. The business has a 50 day moving average of $124.11 and a 200 day moving average of $111.91. InterDigital, Inc. has a fifty-two week low of $74.65 and a fifty-two week high of $140.60.
InterDigital Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 24th. Stockholders of record on Wednesday, July 10th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend was Wednesday, July 10th. InterDigital’s dividend payout ratio (DPR) is presently 23.53%.
Institutional Investors Weigh In On InterDigital
Analysts Set New Price Targets
IDCC has been the subject of a number of analyst reports. Jefferies Financial Group reissued a “hold” rating and set a $100.00 target price (down from $106.00) on shares of InterDigital in a research note on Monday, May 13th. StockNews.com downgraded InterDigital from a “buy” rating to a “hold” rating in a research report on Tuesday, August 13th.
View Our Latest Stock Report on InterDigital
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.
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