BidaskClub upgraded shares of InterDigital Wireless (NASDAQ:IDCC) from a strong sell rating to a sell rating in a research report report published on Tuesday, BidAskClub reports.

Separately, B. Riley restated a buy rating and issued a $80.00 price target (down from $90.00) on shares of InterDigital Wireless in a report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $80.00.

InterDigital Wireless stock traded up $0.03 during midday trading on Tuesday, hitting $55.52. 4,616 shares of the company’s stock were exchanged, compared to its average volume of 416,898. The company has a debt-to-equity ratio of 0.43, a quick ratio of 3.87 and a current ratio of 3.87. InterDigital Wireless has a 12 month low of $47.02 and a 12 month high of $82.55. The firm has a 50-day moving average of $53.21 and a two-hundred day moving average of $63.27. The company has a market cap of $1.66 billion, a PE ratio of 30.53, a P/E/G ratio of 13.31 and a beta of 1.07.

InterDigital Wireless (NASDAQ:IDCC) last issued its earnings results on Thursday, August 1st. The Wireless communications provider reported $0.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.12. InterDigital Wireless had a net margin of 9.56% and a return on equity of 3.15%. The company had revenue of $75.61 million for the quarter, compared to analysts’ expectations of $75.50 million. During the same period in the prior year, the business earned $0.31 EPS. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. As a group, equities analysts expect that InterDigital Wireless will post 0.32 earnings per share for the current year.

Several large investors have recently added to or reduced their stakes in IDCC. Dimensional Fund Advisors LP boosted its holdings in shares of InterDigital Wireless by 1.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,131,754 shares of the Wireless communications provider’s stock valued at $75,183,000 after buying an additional 14,767 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in shares of InterDigital Wireless by 77.3% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 65,932 shares of the Wireless communications provider’s stock valued at $4,350,000 after buying an additional 28,751 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of InterDigital Wireless by 8.4% in the 1st quarter. Victory Capital Management Inc. now owns 24,190 shares of the Wireless communications provider’s stock valued at $1,596,000 after buying an additional 1,868 shares in the last quarter. Wrapmanager Inc. boosted its holdings in shares of InterDigital Wireless by 4.7% in the 1st quarter. Wrapmanager Inc. now owns 3,164 shares of the Wireless communications provider’s stock valued at $209,000 after buying an additional 143 shares in the last quarter. Finally, Laurion Capital Management LP boosted its holdings in shares of InterDigital Wireless by 143.9% in the 1st quarter. Laurion Capital Management LP now owns 27,498 shares of the Wireless communications provider’s stock valued at $1,814,000 after buying an additional 16,225 shares in the last quarter. Institutional investors and hedge funds own 73.26% of the company’s stock.

About InterDigital Wireless

InterDigital, Inc designs and develops technologies that enable and enhance wireless communications in the United States and internationally. It provides technology solutions for use in digital cellular and wireless products and networks, including 2G, 3G, 4G and IEEE 802-related products and networks.

Featured Story: How to invest in blue-chip stocks

Receive News & Ratings for InterDigital Wireless Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for InterDigital Wireless and related companies with MarketBeat.com's FREE daily email newsletter.