$0.09 EPS Expected for InterDigital, Inc. (IDCC)

July 16, 2018 - By Megan Stone

InterDigital, Inc. (NASDAQ:IDCC) LogoInvestors sentiment increased to 1.21 in Q1 2018. Its up 0.04, from 1.17 in 2017Q4. It is positive, as 21 investors sold InterDigital, Inc. shares while 76 reduced holdings. 33 funds opened positions while 84 raised stakes. 24.72 million shares or 1.59% more from 24.33 million shares in 2017Q4 were reported.
Hikari Tsushin invested in 0.23% or 11,730 shares. 28,664 were reported by Mutual Of America Capital Ltd Liability Corp. Credit Agricole S A reported 0.05% in InterDigital, Inc. (NASDAQ:IDCC). Atlantic Tru Group Incorporated Ltd Liability Corporation stated it has 0% in InterDigital, Inc. (NASDAQ:IDCC). Cubist Systematic Strategies Ltd Com reported 0.06% stake. Invesco has 152,661 shares for 0% of their portfolio. Greenwich Wealth Ltd Co stated it has 0.03% of its portfolio in InterDigital, Inc. (NASDAQ:IDCC). Highbridge Llc holds 0.01% in InterDigital, Inc. (NASDAQ:IDCC) or 5,598 shares. Bridgeway Cap Mgmt stated it has 0.01% of its portfolio in InterDigital, Inc. (NASDAQ:IDCC). Great West Life Assurance Can owns 20,947 shares or 0% of their US portfolio. The Massachusetts-based Panagora Asset Management has invested 0.02% in InterDigital, Inc. (NASDAQ:IDCC). Oregon Employees Retirement Fund holds 0.01% in InterDigital, Inc. (NASDAQ:IDCC) or 13,013 shares. Cwm Ltd Limited Liability Company stated it has 212,878 shares. Profund Advisors Ltd Liability owns 13,453 shares. Permit Ltd Company reported 127,000 shares stake.

Analysts expect InterDigital, Inc. (NASDAQ:IDCC) to report $0.09 EPS on July, 26.They anticipate $1.37 EPS change or 93.84 % from last quarter’s $1.46 EPS. IDCC’s profit would be $3.13 million giving it 230.42 P/E if the $0.09 EPS is correct. After having $1.29 EPS previously, InterDigital, Inc.’s analysts see -93.02 % EPS growth. The stock decreased 2.12% or $1.8 during the last trading session, reaching $82.95. About 91,362 shares traded. InterDigital, Inc. (NASDAQ:IDCC) has declined 3.68% since July 16, 2017 and is downtrending. It has underperformed by 16.25% the S&P500.

InterDigital, Inc. (NASDAQ:IDCC) Ratings Coverage

Among 4 analysts covering InterDigital (NASDAQ:IDCC), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. InterDigital had 8 analyst reports since February 12, 2018 according to SRatingsIntel. FBR Capital maintained the stock with “Buy” rating in Wednesday, April 11 report. FBR Capital maintained InterDigital, Inc. (NASDAQ:IDCC) rating on Wednesday, May 23. FBR Capital has “Buy” rating and $9400 target. The firm has “Buy” rating given on Friday, March 2 by FBR Capital. The rating was maintained by FBR Capital on Monday, February 12 with “Buy”. The rating was upgraded by Dougherty on Friday, February 23 to “Buy”. The firm earned “Buy” rating on Tuesday, June 12 by Roth Capital. The firm has “Buy” rating given on Thursday, February 22 by FBR Capital.

InterDigital, Inc. designs and develops technologies that enable and enhance wireless communications in the United States and internationally. The company has market cap of $2.88 billion. 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. It has a 17.34 P/E ratio. The firm develops cellular technologies, such as technologies related to CDMA, TDMA, OFDM/OFDMA, and MIMO for use in 2G, 3G, and 4G wireless networks and mobile terminal devices; and other wireless technologies related to Wi-Fi, WLAN, WMAN, and WRAN.

More news for InterDigital, Inc. (NASDAQ:IDCC) were recently published by: Globenewswire.com, which released: “InterDigital Demonstrates World’s First Service-Based 5G Control Plane” on July 05, 2018. Profitconfidential.com‘s article titled: “IDCC Stock to Grow Further With 5G Growth” and published on July 12, 2018 is yet another important article.

InterDigital, Inc. (NASDAQ:IDCC) Institutional Positions Chart

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