In a report released yesterday, Tal Liani from Bank of America Securities reiterated a Buy rating on InterDigital (IDCC – Research Report), with a price target of $105.00. The company’s shares closed yesterday at $87.62.
According to TipRanks, Liani is a 5-star analyst with an average return of 8.8% and a 57.71% success rate. Liani covers the Technology sector, focusing on stocks such as Zscaler, Amdocs, and Cisco Systems.
InterDigital has an analyst consensus of Moderate Buy, with a price target consensus of $105.50.
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Based on InterDigital’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $101.59 million and a net profit of $21.78 million. In comparison, last year the company earned a revenue of $123.99 million and had a net profit of $21.07 million
Based on the recent corporate insider activity of 97 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of IDCC in relation to earlier this year.
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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 Announces Financial Results for Second Quarter 2023
- New Report Reveals Critical Innovation and Standardization Enabling XR Experiences
- Interdigital (IDCC) Q2 Earnings Cheat Sheet
- InterDigital Announces Date for Second Quarter 2023 Financial Results
- InterDigital management to meet with Jefferies
