Adeia Inc. (NASDAQ:ADEA) Given Average Rating of “Moderate Buy” by Analysts

Shares of Adeia Inc. (NASDAQ:ADEA) have been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $28.80.

ADEA has been the topic of several recent research reports. BWS Financial reiterated a “buy” rating and issued a $30.00 price target on shares of Adeia in a research report on Monday, March 9th. Maxim Group boosted their price objective on shares of Adeia from $17.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, December 23rd. Wall Street Zen upgraded Adeia from a “hold” rating to a “strong-buy” rating in a research note on Saturday, March 7th. Weiss Ratings raised Adeia from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, January 12th. Finally, Zacks Research downgraded Adeia from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th.

Adeia Price Performance

NASDAQ ADEA opened at $24.19 on Friday. The company has a 50-day moving average price of $20.47 and a 200-day moving average price of $17.24. Adeia has a 52 week low of $10.59 and a 52 week high of $26.09. The company has a quick ratio of 3.81, a current ratio of 3.81 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $2.68 billion, a P/E ratio of 24.68 and a beta of 1.41.

Adeia (NASDAQ:ADEA) last posted its quarterly earnings data on Monday, February 23rd. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.13. The company had revenue of $182.64 million for the quarter, compared to the consensus estimate of $168.45 million. Adeia had a net margin of 25.05% and a return on equity of 38.01%. Equities research analysts anticipate that Adeia will post 1.09 earnings per share for the current year.

Adeia Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 16th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $0.20 annualized dividend and a dividend yield of 0.8%. Adeia’s dividend payout ratio (DPR) is 20.41%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Hantz Financial Services Inc. increased its holdings in Adeia by 447.0% in the 4th quarter. Hantz Financial Services Inc. now owns 1,444 shares of the company’s stock worth $25,000 after acquiring an additional 1,180 shares in the last quarter. Quarry LP raised its stake in Adeia by 245.5% during the 3rd quarter. Quarry LP now owns 1,586 shares of the company’s stock worth $27,000 after acquiring an additional 1,127 shares during the period. IFP Advisors Inc purchased a new position in Adeia during the third quarter valued at approximately $28,000. Osaic Holdings Inc. lifted its holdings in Adeia by 714.9% during the second quarter. Osaic Holdings Inc. now owns 2,632 shares of the company’s stock valued at $37,000 after purchasing an additional 2,309 shares in the last quarter. Finally, CWM LLC boosted its position in shares of Adeia by 436.0% in the third quarter. CWM LLC now owns 2,444 shares of the company’s stock worth $41,000 after purchasing an additional 1,988 shares during the period. 97.36% of the stock is owned by hedge funds and other institutional investors.

Adeia Company Profile

Adeia Inc (NASDAQ: ADEA) is a technology licensing company that focuses on acquiring, managing and monetizing intellectual property assets in the electronics and communications sectors. The company’s core business involves the strategic purchase of patent portfolios followed by the negotiation of licensing agreements, collaborative partnerships and, where necessary, enforcement actions to generate revenue from those assets. Adeia’s technology coverage spans semiconductor design, data communications, wireless networking, imaging systems and other advanced electronics applications.

By assembling a diversified collection of high-value patent families, Adeia works closely with original equipment manufacturers, semiconductor suppliers and service providers across North America, Europe and Asia.