InterDigital said on March 29, 2023 that its board of directors declared a regular
quarterly dividend of $0.35 per share ($1.40 annualized).
Previously, the company paid $0.35 per share.
Shares must be purchased before the ex-div date of April 11, 2023 to qualify for the dividend.
Shareholders of record as of April 12, 2023
will receive the payment on April 26, 2023.
At the current share price of $72.53 / share,
the stock’s dividend yield is 1.93%.
Looking back five years and taking a sample every week, the average dividend yield has been
2.23%,
the lowest has been 1.64%,
and the highest has been 4.04%.
The standard deviation of yields is 0.38 (n=236).
The current dividend yield is
0.80 standard deviations
below
the historical average.
Additionally, the company’s dividend payout ratio is 0.44.
The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0)
means 100% of the company’s income is paid in a dividend.
A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a
healthy situation.
Companies with few growth prospects are expected to pay out most of their income in dividends, which typically
means a payout ratio between 0.5 and 1.0.
Companies with good growth prospects are expected to retain some earnings in order to invest
in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company has not increased its dividend in the last three years.
Learn to Harvest Dividends
Buy Stock. Capture Dividend. Sell Stock. Repeat. This is the essence of dividend harvesting and you can
do it easily with Fintel’s Dividend Capture Calendar.
Analyst Price Forecast Suggests 25.16% Upside
As of March 30, 2023,
the average one-year price target for InterDigital is $90.78.
The forecasts range from a low of $55.55 to a high of $117.60.
The average price target represents an increase of 25.16% from its latest reported closing price of $72.53.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for InterDigital
is $434MM, a decrease of 5.09%.
The projected annual non-GAAP EPS
is $2.78.
What is the Fund Sentiment?
There are 534 funds or institutions reporting positions in InterDigital.
This is a decrease
of
12
owner(s) or 2.20% in the last quarter.
Average portfolio weight of all funds dedicated to IDCC is 0.16%,
an increase
of 22.32%.
Total shares owned by institutions increased
in the last three months by 0.89% to 28,427K shares.
The put/call ratio of IDCC is 0.53, indicating a
bullish
outlook.
What are Large Shareholders Doing?
IJR – iShares Core S&P Small-Cap ETF
holds 2,198K shares
representing 7.41% ownership of the company.
In it’s prior filing, the firm reported owning 2,167K shares, representing
an increase
of 1.42%.
The firm
increased
its portfolio allocation in IDCC by 12.97% over the last quarter.
FIL
holds 1,151K shares
representing 3.88% ownership of the company.
In it’s prior filing, the firm reported owning 1,162K shares, representing
a decrease
of 0.93%.
The firm
decreased
its portfolio allocation in IDCC by 99.95% over the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares
holds 890K shares
representing 3.00% ownership of the company.
In it’s prior filing, the firm reported owning 855K shares, representing
an increase
of 3.92%.
The firm
increased
its portfolio allocation in IDCC by 17.67% over the last quarter.
Disciplined Growth Investors
holds 791K shares
representing 2.67% ownership of the company.
In it’s prior filing, the firm reported owning 797K shares, representing
a decrease
of 0.73%.
The firm
increased
its portfolio allocation in IDCC by 12.13% over the last quarter.
NAESX – Vanguard Small-Cap Index Fund Investor Shares
holds 764K shares
representing 2.58% ownership of the company.
In it’s prior filing, the firm reported owning 753K shares, representing
an increase
of 1.46%.
The firm
increased
its portfolio allocation in IDCC by 15.00% over the last quarter.
Interdigital Background Information
(This description is provided by the company.)
InterDigital develops mobile and video technologies that are at the core of devices, networks, and services worldwide. The Company solves many of the industry’s most critical and complex technical challenges, inventing solutions for more efficient broadband networks, better video delivery, and richer multimedia experiences years ahead of market deployment. InterDigital has licenses and strategic relationships with many of the world’s leading technology companies. Founded in 1972, InterDigital is listed on NASDAQ and is included in the S&P MidCap 400® index.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
