Barclays Maintains an 'Overweight' on InterDigital Inc. (IDCC); Litigation Expense Hurt, But Industry Consolidation Continues
Tweet
Share
E-mailGet Alerts IDCC Hot Sheet
Price: $343.65 -0.12%
Rating Summary:
7 Buy, 3 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
7 Buy, 3 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
Barclays maintains an 'Overweight' on InterDigital Inc. (NASDAQ: IDCC) price target lowered from $45 to $38.
Analyst, Jeff Kvaal, said, "Management is making slow but steady progress in its return to focus on the core licensing business, though it is also focused on expanding beyond cellular to security, compression and power consumption. We watch for ongoing signs of the company's ability to execute which is becoming increasingly critical given the backdrop of smartphone market consolidation towards a few leading vendors."
Barclays slashes FY12 estimates from $1.42 to $0.95 and FY13 from $1.55 to $1.08.
For an analyst ratings summary and ratings history on InterDigital Inc. click here. For more ratings news on InterDigital Inc. click here.
Shares of InterDigital Inc. closed at $32.45 yesterday.
Analyst, Jeff Kvaal, said, "Management is making slow but steady progress in its return to focus on the core licensing business, though it is also focused on expanding beyond cellular to security, compression and power consumption. We watch for ongoing signs of the company's ability to execute which is becoming increasingly critical given the backdrop of smartphone market consolidation towards a few leading vendors."
Barclays slashes FY12 estimates from $1.42 to $0.95 and FY13 from $1.55 to $1.08.
For an analyst ratings summary and ratings history on InterDigital Inc. click here. For more ratings news on InterDigital Inc. click here.
Shares of InterDigital Inc. closed at $32.45 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Fiserv (FISV) PT Lowered to $60 at Freedom Broker
- BofA Securities Resumes American Eagle Outfitters (AEO) at Underperform
- Intuitive Machines Inc. (LUNR) PT Lowered to $32 at Cantor Fitzgerald, Reaffirms Overweight Rating
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
BarclaysSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
