Published On: Wed, Oct 19th, 2016

Analyst Review: InterDigital, Inc. (NASDAQ:IDCC)


A number of investment brokers have recently updated their price targets on shares of InterDigital, Inc. (NASDAQ:IDCC).

Most recent broker ratings

10/05/2016 – InterDigital, Inc. was downgraded to “neutral” by analysts at Dougherty & Co.

09/26/2016 – InterDigital, Inc. was downgraded to “neutral” by analysts at B. Riley. They now have a USD 80 price target on the stock.

09/23/2016 – InterDigital, Inc. had its “equal weight” rating reiterated by analysts at Barclays. They now have a USD 80 price target on the stock.

09/29/2015 – Sidoti began new coverage on InterDigital, Inc. giving the company a “buy” rating. They now have a USD 65 price target on the stock.

05/12/2015 – InterDigital, Inc. was downgraded to “hold” by analysts at Zacks. They now have a USD 63 price target on the stock.

11/04/2013 – InterDigital, Inc. was downgraded to “hold” by analysts at Thomson Reuters/Verus.

The share price of InterDigital, Inc. (NASDAQ:IDCC) was up +1.29% during the last day of trading, with a day high of 79.10. 383536 shares were traded during the last session.

The stock’s 50 day moving average is 76.07 and its 200 day moving average is 63.11. The stock’s market capitalization is 2.69B. InterDigital, Inc. has a 52-week low of 41.01 and a 52-week high of 79.97.

InterDigital, Inc. designs and develops technologies for wireless communications. The Company has designed and developed a range of technologies that are used in digital cellular and wireless products and networks, including second generation (2G), third generation (3G), fourth generation (4G) and IEEE 802 related products and networks. The Company’s subsidiaries hold a portfolio of approximately 20,400 patents and patent applications related to a range of technologies, including the fundamental technologies that enable wireless communications. Products integrating its technologies include mobile devices, such as cellular phones, tablets, notebook computers and wireless personal digital assistants; wireless infrastructure equipment, such as base stations, and components, dongles and modules for wireless devices. The Company is focused on approximately two technology areas: cellular wireless technology and Internet of Things (IoT) technology.