InterDigital Inc (IDCC)

[Paullee]

Is InterDigital, Inc.’s Fuel Running Low? The Stock Reaches 52-Week High Today
August 27, 2016 Vivian Park

The stock of InterDigital, Inc. (NASDAQ:IDCC) hit a new 52-week high and has $115.20 target or 65.00% above today’s $69.82 share price. The 8 months bullish chart indicates low risk for the $2.40 billion company. The 1-year high was reported on Aug, 27 by Barchart.com. If the $115.20 price target is reached, the company will be worth $1.56 billion more. The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 0.22% or $0.15 during the last trading session, hitting $69.82. About 270,038 shares traded hands. InterDigital, Inc. (NASDAQ:IDCC) has risen 63.40% since January 25, 2016 and is uptrending. It has outperformed by 49.47% the S&P500.

Analysts await InterDigital, Inc. (NASDAQ:IDCC) to report earnings on November, 4. They expect $0.40 earnings per share, down 41.18% or $0.28 from last year’s $0.68 per share. IDCC’s profit will be $13.75M for 43.64 P/E if the $0.40 EPS becomes a reality. After $0.48 actual earnings per share reported by InterDigital, Inc. for the previous quarter, Wall Street now forecasts -16.67% negative EPS growth.

Out of 3 analysts covering Interdigital Communications (NASDAQ:IDCC), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. Interdigital Communications has been the topic of 4 analyst reports since September 29, 2015 according to StockzIntelligence Inc.

According to Zacks Investment Research, “INTERDIGITAL COMMUNICATIONS develops and markets advanced digital wireless telecommunications systems using proprietary technologies for voice and data communications and has developed an extensive patent portfolio related to those technologies.”

The institutional sentiment decreased to 0.92 in Q2 2016. Its down 0.07, from 0.99 in 2016Q1. The ratio dived, as 19 funds sold all InterDigital, Inc. shares owned while 73 reduced positions. 22 funds bought stakes while 63 increased positions. They now own 23.06 million shares or 2.63% less from 23.68 million shares in 2016Q1.

Fort L.P. holds 5.66% of its portfolio in InterDigital, Inc. for 248,977 shares. Permit Capital Llc owns 123,230 shares or 4.89% of their US portfolio. Moreover, Ulysses Management Llc has 3.01% invested in the company for 459,250 shares. The Connecticut-based Cardinal Capital Management Llc Ct has invested 2.41% in the stock. Shannon River Fund Management Llc, a New York-based fund reported 150,000 shares.

The information provided on this website is for individual use only and should be considered strictly informational in nature. The article is not advice, and should not be treated as such. We are in no way responsible for any investment loss or damages. All content in our articles is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Neither the information presented nor any statement or expression of opinion, or any other matter herein, directly or indirectly constitutes a solicitation of the purchase or sale of any securities.

Viewers should always consult with a licensed securities professional before purchasing or selling any securities of companies profiled or discussed in our articles. It is possible that a viewer’s entire investment may be lost or impaired due to the speculative nature of the companies profiled. We make no recommendation that the securities of the companies profiled or discussed in on our website should be purchased, sold or held by investors.
http://www.consumereagle.com/is-interdigital-inc-s-fuel-running-low-the-stock-reaches-52-week-high-today/175416/