Adeia Inc. (NASDAQ:ADEA) Plans Quarterly Dividend of $0.05

Adeia Inc. (NASDAQ:ADEA) announced a quarterly dividend on Wednesday, February 19th, Wall Street Journal reports. Investors of record on Monday, March 10th will be given a dividend of 0.05 per share on Monday, March 31st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date is Monday, March 10th.

Adeia Trading Up 4.5 %

Shares of NASDAQ:ADEA opened at $17.12 on Friday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 3.42 and a current ratio of 3.53. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of 30.04 and a beta of 1.37. Adeia has a 1-year low of $9.68 and a 1-year high of $17.46. The company has a 50 day moving average price of $13.52 and a 200 day moving average price of $12.58.

Adeia (NASDAQ:ADEA) last released its quarterly earnings data on Tuesday, February 18th. The company reported $0.42 earnings per share for the quarter, hitting the consensus estimate of $0.42. The business had revenue of $119.17 million during the quarter, compared to analyst estimates of $114.22 million. Adeia had a return on equity of 32.81% and a net margin of 17.19%. During the same period last year, the company posted $0.27 EPS. On average, research analysts anticipate that Adeia will post 1.09 EPS for the current fiscal year.

Analyst Ratings Changes

ADEA has been the topic of a number of analyst reports. Maxim Group lifted their price target on Adeia from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Wednesday. BWS Financial lifted their target price on shares of Adeia from $16.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Rosenblatt Securities restated a “buy” rating and issued a $18.00 price target on shares of Adeia in a research report on Tuesday.

About Adeia

Adeia Inc, together with its subsidiaries, operates as a media and semiconductor intellectual property licensing company in the United States, Canada, Asia, Europe, the Middle East, and internationally. The company licenses its patent portfolios across various markets, including multichannel video programming distributors comprising cable, satellite, and telecommunications television providers that aggregate and distribute linear content over networks, as well as television providers that aggregate and stream linear content over broadband networks; over-the-top video service providers and social media companies, such as subscription video-on-demand and advertising-supported streaming service providers, as well as content providers, networks, and media companies.