In a report released yesterday, Mark Lipacis from Jefferies maintained a Buy rating on InterDigital (IDCC – Research Report), with a price target of $80.00. The company’s shares closed yesterday at $57.59.
According to TipRanks, Lipacis is a top 25 analyst with an average return of 25.2% and a 68.27% success rate. Lipacis covers the Technology sector, focusing on stocks such as Nvidia, InterDigital, and Advanced Micro Devices.
InterDigital has an analyst consensus of Moderate Buy, with a price target consensus of $80.00.
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The company has a one-year high of $70.54 and a one-year low of $39.93. Currently, InterDigital has an average volume of 244K.
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InterDigital, Inc. engages in the design and development of technologies that enable and enhance wireless communications, and capabilities. It focuses on mobile technology and devices, which includes cellular wireless technology, Internet of Things, technology, video coding & transmission, sensor and sensor fusion technology. It also offers digital cellular and wireless products and networks, including 2G, 3G, 4G and IEEE 802-related products and networks. The company was founded by Seligsohn I. Sherwin in 1972 and is headquartered in Wilmington, DE.
Read More on IDCC:
- InterDigital Increases Share Buyback Authorization to $400 Million
- InterDigital increases share buyback authorization to $400M
- InterDigital renews two patent licenses with Panasonic
- InterDigital signs digital television and video patent licenses with Panasonic Entertainment & Communication Co., Ltd.
- InterDigital signs patent license with LG Electronics
