Factors Likely to Have Influenced Earnings Results InterDigital (NASDAQ:IDCC)

Earnings results for InterDigital (NASDAQ:IDCC)

InterDigital, Inc. is expected* to report earnings on 02/18/2021 before market open. The report will be for the fiscal Quarter ending Dec 2020. According to Zacks Investment Research, based on 4 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.07. The reported EPS for the same quarter last year was $0.44.

Analyst Opinion on InterDigital (NASDAQ:IDCC)

5 Wall Street analysts have issued ratings and price targets for InterDigital in the last 12 months. Their average twelve-month price target is $92.75, predicting that the stock has a possible upside of 35.88%. The high price target for IDCC is $104.00 and the low price target for IDCC is $87.00. There are currently 1 hold rating and 4 buy ratings for the stock, resulting in a consensus rating of “Buy.”

InterDigital has received a consensus rating of Buy. The company’s average rating score is 2.80, and is based on 4 buy ratings, 1 hold rating, and no sell ratings. According to analysts’ consensus price target of $92.75, InterDigital has a forecasted upside of 35.9% from its current price of $68.26. InterDigital has only been the subject of 1 research reports in the past 90 days.

Dividend Strength: InterDigital (NASDAQ:IDCC)

InterDigital pays a meaningful dividend of 2.05%, higher than the bottom 25% of all stocks that pay dividends. InterDigital has only been increasing its dividend for 1 years. The dividend payout ratio of InterDigital is 212.12%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, InterDigital will have a dividend payout ratio of 72.54% next year. This indicates that InterDigital will be able to sustain or increase its dividend.

Insiders buying/selling: InterDigital (NASDAQ:IDCC)

In the past three months, InterDigital insiders have not sold or bought any company stock. Only 1.70% of the stock of InterDigital is held by insiders. 77.68% of the stock of InterDigital is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of InterDigital (NASDAQ:IDCC

Earnings for InterDigital are expected to grow by 85.58% in the coming year, from $1.04 to $1.93 per share. The P/E ratio of InterDigital is 35.55, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 24.49. The P/E ratio of InterDigital is 35.55, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 76.93. InterDigital has a PEG Ratio of 2.26. PEG Ratios above 1 indicate that a company could be overvalued. InterDigital has a P/B Ratio of 2.70. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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