Dougherty Issues a Upgrade for InterDigital (NASDAQ:IDCC) from a Neutral to Buy Rating

February 24, 2018 - By Linda Rogers

  Dougherty Issues a Upgrade for InterDigital (NASDAQ:IDCC) from a Neutral to Buy Rating

Investors sentiment decreased to 1.06 in 2017 Q3. Its down 0.53, from 1.59 in 2017Q2. It is negative, as 31 investors sold InterDigital, Inc. shares while 78 reduced holdings. 35 funds opened positions while 80 raised stakes. 24.87 million shares or 0.47% more from 24.75 million shares in 2017Q2 were reported.

Ftb Advsr Inc reported 59 shares. Midas Corporation has 23,500 shares. Laurion Cap L P owns 0% invested in InterDigital, Inc. (NASDAQ:IDCC) for 14,306 shares. Virginia Retirement Et Al has 6,500 shares. Adams Asset Advisors Limited Liability Corp holds 0.13% or 12,678 shares in its portfolio. Pacad Invest Limited holds 7,093 shares or 0.12% of its portfolio. Arizona State Retirement Sys owns 19,652 shares or 0.02% of their US portfolio. Louisiana State Employees Retirement Sys holds 0.03% of its portfolio in InterDigital, Inc. (NASDAQ:IDCC) for 9,300 shares. Us National Bank De has invested 0% of its portfolio in InterDigital, Inc. (NASDAQ:IDCC). Vanguard Group Inc reported 0.01% in InterDigital, Inc. (NASDAQ:IDCC). Deutsche National Bank & Trust Ag holds 0.02% or 332,621 shares in its portfolio. 474,854 were reported by D E Shaw Inc. Nomura holds 0.03% or 182,797 shares in its portfolio. Northern Tru, a Illinois-based fund reported 634,189 shares. Dimensional Fund Advsrs Ltd Partnership stated it has 985,849 shares or 0.03% of all its holdings.

InterDigital (NASDAQ:IDCC) Stock Upgrade

InterDigital (NASDAQ:IDCC) was increased by Dougherty from a Neutral rating to a solid Buy rating in a report made public on Friday morning.

Investors sentiment decreased to 1.06 in 2017 Q3. Its down 0.53, from 1.59 in 2017Q2. It is negative, as 31 investors sold InterDigital, Inc. shares while 78 reduced holdings. 35 funds opened positions while 80 raised stakes. 24.87 million shares or 0.47% more from 24.75 million shares in 2017Q2 were reported.

Ftb Advsr Inc reported 59 shares. Midas Corporation has 23,500 shares. Laurion Cap L P owns 0% invested in InterDigital, Inc. (NASDAQ:IDCC) for 14,306 shares. Virginia Retirement Et Al has 6,500 shares. Adams Asset Advisors Limited Liability Corp holds 0.13% or 12,678 shares in its portfolio. Pacad Invest Limited holds 7,093 shares or 0.12% of its portfolio. Arizona State Retirement Sys owns 19,652 shares or 0.02% of their US portfolio. Louisiana State Employees Retirement Sys holds 0.03% of its portfolio in InterDigital, Inc. (NASDAQ:IDCC) for 9,300 shares. Us National Bank De has invested 0% of its portfolio in InterDigital, Inc. (NASDAQ:IDCC). Vanguard Group Inc reported 0.01% in InterDigital, Inc. (NASDAQ:IDCC). Deutsche National Bank & Trust Ag holds 0.02% or 332,621 shares in its portfolio. 474,854 were reported by D E Shaw Inc. Nomura holds 0.03% or 182,797 shares in its portfolio. Northern Tru, a Illinois-based fund reported 634,189 shares. Dimensional Fund Advsrs Ltd Partnership stated it has 985,849 shares or 0.03% of all its holdings.

InterDigital, Inc. (NASDAQ:IDCC) Ratings Coverage

Among 6 analysts covering InterDigital (NASDAQ:IDCC), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. InterDigital has $10000 highest and $55 lowest target. $88.25’s average target is 16.58% above currents $75.7 stock price. InterDigital had 22 analyst reports since August 11, 2015 according to SRatingsIntel. The stock of InterDigital, Inc. (NASDAQ:IDCC) earned “Equal Weight” rating by Barclays Capital on Friday, February 24. The firm has “Buy” rating by B. Riley & Co given on Tuesday, February 23. The company was maintained on Wednesday, January 10 by FBR Capital. The stock has “Equal Weight” rating by Barclays Capital on Wednesday, November 11. The company was maintained on Wednesday, January 3 by FBR Capital. Sidoti initiated the shares of IDCC in report on Tuesday, September 29 with “Buy” rating. The company was downgraded on Wednesday, October 5 by Dougherty & Company. B. Riley & Co maintained the shares of IDCC in report on Friday, October 27 with “Buy” rating. On Thursday, February 22 the stock rating was maintained by FBR Capital with “Buy”. The stock of InterDigital, Inc. (NASDAQ:IDCC) earned “Neutral” rating by Sidoti on Wednesday, December 7.

The stock increased 7.68% or $5.4 during the last trading session, reaching $75.7. About 634,266 shares traded or 107.62% up from the average. InterDigital, Inc. (NASDAQ:IDCC) has risen 50.23% since February 24, 2017 and is uptrending. It has outperformed by 33.53% the S&P500.

InterDigital, Inc. designs and develops technologies that enable and enhance wireless communications in the United States and internationally. The company has market cap of $2.63 billion. It offers technology solutions for use in digital cellular and wireless products and networks, including 2G, 3G, 4G, and IEEE 802-related products and networks. It has a 15.54 P/E ratio. The firm develops cellular technologies, such as technologies related to CDMA, TDMA, OFDM/OFDMA, and MIMO for use in 2G, 3G, and 4G wireless networks and mobile terminal devices; and other wireless technologies related to Wi-Fi, WLAN, WMAN, and WRAN.

More notable recent InterDigital, Inc. (NASDAQ:IDCC) news were published by: Globenewswire.com which released: “InterDigital Announces Upcoming Executive Retirements, New Chief Licensing Officer” on January 31, 2018, also Globenewswire.com with their article: “InterDigital’s Alan Carlton to Particpate in MWC18 5G Panel Discussion: Core …” published on February 21, 2018, Globenewswire.com published: “InterDigital to Showcase 5G Millimeter Wave Integrated With OPENAIRINTERFACE …” on February 21, 2018. More interesting news about InterDigital, Inc. (NASDAQ:IDCC) were released by: Globenewswire.com and their article: “MWC 2018 Demonstrations by Chordant Highlight Smart City Use Cases With Key …” published on February 22, 2018 as well as Globenewswire.com‘s news article titled: “InterDigital Launches oneTRANSPORT Data Marketplace” with publication date: February 21, 2018.

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