B. Riley disclosed InterDigital, Inc. (NASDAQ:IDCC), hiking its price target to $80.00 earlier today
- Updated: September 25, 2016
Having a price of $78.20, InterDigital, Inc. (NASDAQ:IDCC) traded -3.20% lower on the day. With the last close up 26.07% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. IDCC has recorded a 50-day average of $71.34 and a two hundred day average of $60.05. Trade Volume was down over the average, with 62,092 shares of IDCC changing hands under the typical 325,153
Reporting as potential upside of 0.02%, B. Riley upped the price target of InterDigital, Inc. (NASDAQ:IDCC) to $80.00
On Sunday September 11, 2016, B. Riley released a statement on InterDigital, Inc. (NASDAQ:IDCC) upped the target price from $0.00 to $80.00 that suggested an upside of 0.14%.
Recent Performance Chart
InterDigital, Inc. has PE ratio of 21.41 with a one year low of $41.01 and a one year high of $79.80 and has a market capitalization of $0.
General Information About InterDigital, Inc. (NASDAQ:IDCC)
InterDigital, Inc. designs and develops technologies for wireless communications. The Company has designed and developed 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. The Company's subsidiaries hold a portfolio of approximately 20,400 patents and patent applications related to a range of technologies, including the fundamental technologies that enable wireless communications. Products integrating its technologies include mobile devices, such as cellular phones, tablets, notebook computers and wireless personal digital assistants; wireless infrastructure equipment, such as base stations, and components, dongles and modules for wireless devices. The Company is focused on approximately two technology areas: cellular wireless technology and Internet of Things (IoT) technology.
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