InterDigital Receives a Hold from B. Riley

B. Riley analyst Eric Wold maintained a Hold rating on InterDigital (NASDAQ: IDCC) yesterday and set a price target of $80. The company’s shares closed yesterday at $80.80, close to its 52-week high of $81.15.

According to, Wold is a 5-star analyst with an average return of 10.5% and a 56.4% success rate. Wold covers the Services sector, focusing on stocks such as Salem Communications Corp., Reading International Inc, and Cinemark Holdings Inc.

InterDigital has an analyst consensus of Hold, with a price target consensus of $80.

InterDigital’s market cap is currently $2.78B and has a P/E ratio of 22.89. The company has a book value ratio of 5.4034.

Based on the recent corporate insider activity of 84 insiders, corporate insider sentiment is negative on the stock. Most recently, in April 2012, Steven Clontz, a a Director at IDCC bought 20,000 shares for a total of $233,800.

InterDigital, Inc. engages in the design and development of advanced technologies that enable and enhance wireless communications, and capabilities. It offers innovations that are used in digital cellular and wireless products and networks, including 2G, 3G, 4G and IEEE 802-related products and networks. The company was founded by Seligsohn I. Sherwin in 1972 and is headquartered in Wilmington, DE.