Could InterDigital, Inc. (IDCC) See a Reversal After This Very Strong Session?

September 17, 2017 - By Nellie Frank

Investors sentiment decreased to 0.95 in 2016 Q4. Its down 0.35, from 1.3 in 2016Q3. It dropped, as 30 investors sold InterDigital, Inc. shares while 88 reduced holdings. 41 funds opened positions while 71 raised stakes. 22.76 million shares or 1.73% less from 23.16 million shares in 2016Q3 were reported.
First Pacific Advsr Llc holds 0.35% in InterDigital, Inc. (NASDAQ:IDCC) or 482,879 shares. Integral Derivatives Ltd Liability invested in 6,475 shares or 0.01% of the stock. Airain Ltd holds 15,704 shares or 0.12% of its portfolio. 7,700 were accumulated by Public Employees Retirement Association Of Colorado. Tower Rech Capital (Trc), New York-based fund reported 253 shares. Valley Natl Advisers holds 100 shares. Profund Advsrs Ltd Liability stated it has 0.04% in InterDigital, Inc. (NASDAQ:IDCC). Alliancebernstein Limited Partnership accumulated 112,507 shares. Canada Pension Plan Investment Board owns 214,700 shares or 0.07% of their US portfolio. Jane Street Gp Limited Liability Corp holds 0.01% or 16,655 shares. Moreover, Blackrock Group Limited has 0% invested in InterDigital, Inc. (NASDAQ:IDCC) for 30,775 shares. Denver Investment Limited Liability Company accumulated 0.4% or 104,473 shares. 9,300 are owned by Teachers Retirement Sys Of The State Of Kentucky. Wealthcare Capital Mgmt reported 0.01% of its portfolio in InterDigital, Inc. (NASDAQ:IDCC). Century Companies holds 103,552 shares.

The stock of InterDigital, Inc. (NASDAQ:IDCC) is a huge mover today! The stock increased 6.26% or $4.4 on September 15, reaching $74.65. About 821,724 shares traded or 186.94% up from the average. InterDigital, Inc. (NASDAQ:IDCC) has risen 50.23% since September 17, 2016 and is uptrending. It has outperformed by 33.53% the S&P500.
The move comes after 7 months positive chart setup for the $2.59B company. It was reported on Sep, 17 by Barchart.com. We have $79.13 PT which if reached, will make NASDAQ:IDCC worth $155.40M more.

Wall Street await InterDigital, Inc. (NASDAQ:IDCC) to release earnings on October, 26. Analysts forecast EPS of $0.67, down exactly $2.32 or 77.59 % from 2014’s $2.99 EPS. The expected IDCC’s profit could reach $23.25M giving the stock 27.85 P/E in the case that $0.67 earnings per share is reported. After posting $1.46 EPS for the previous quarter, InterDigital, Inc.’s analysts now forecast -54.11 % negative EPS growth.

InterDigital, Inc. (NASDAQ:IDCC) Ratings Coverage

Among 4 analysts covering InterDigital (NASDAQ:IDCC), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. InterDigital had 15 analyst reports since August 11, 2015 according to SRatingsIntel. B. Riley & Co initiated the shares of IDCC in report on Tuesday, February 23 with “Buy” rating. On Monday, September 26 the stock rating was downgraded by B. Riley & Co to “Neutral”. The stock has “Buy” rating by Sidoti on Tuesday, August 8. The stock of InterDigital, Inc. (NASDAQ:IDCC) earned “Equal Weight” rating by Barclays Capital on Friday, September 9. B. Riley & Co maintained the stock with “Buy” rating in Wednesday, July 19 report. The stock of InterDigital, Inc. (NASDAQ:IDCC) has “Neutral” rating given on Wednesday, December 7 by Sidoti. The stock of InterDigital, Inc. (NASDAQ:IDCC) has “Neutral” rating given on Wednesday, October 5 by Dougherty & Company. B. Riley & Co maintained the stock with “Buy” rating in Wednesday, August 23 report. Sidoti initiated InterDigital, Inc. (NASDAQ:IDCC) on Tuesday, September 29 with “Buy” rating. The firm earned “Buy” rating on Tuesday, August 11 by Zacks.

More recent InterDigital, Inc. (NASDAQ:IDCC) news were published by: Globenewswire.com which released: “InterDigital Announces Increases of Regular Quarterly Cash Dividend and Stock …” on September 14, 2017. Also Globenewswire.com published the news titled: “InterDigital Issues Revenue Guidance for Third Quarter 2017” on August 22, 2017. Globenewswire.com‘s news article titled: “InterDigital to Present at Dougherty & Company Institutional Investor Conference” with publication date: September 11, 2017 was also an interesting one.

InterDigital, Inc. designs and develops technologies for wireless communications. The company has market cap of $2.59 billion. The Firm is focused on three technology areas: cellular wireless technology, Internet of things technology, and, through its Hillcrest Laboratories, Inc. (Hillcrest Labs) subsidiary, sensor and sensor fusion technology. It has a 8.09 P/E ratio. It offers 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.

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