Adeia Inc. $ADEA Stock Holdings Lifted by Systematic Financial Management LP

Systematic Financial Management LP lifted its position in Adeia Inc. (NASDAQ:ADEA) by 27.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,891,131 shares of the company’s stock after acquiring an additional 630,039 shares during the period. Adeia comprises approximately 1.2% of Systematic Financial Management LP’s holdings, making the stock its 16th largest position. Systematic Financial Management LP’s holdings in Adeia were worth $49,872,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Assenagon Asset Management S.A. increased its position in shares of Adeia by 29.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 257,441 shares of the company’s stock worth $4,441,000 after acquiring an additional 57,878 shares in the last quarter. Tudor Investment Corp ET AL purchased a new position in Adeia during the third quarter valued at approximately $3,259,000. JPMorgan Chase & Co. grew its position in Adeia by 39.4% during the third quarter. JPMorgan Chase & Co. now owns 1,049,528 shares of the company’s stock valued at $17,632,000 after purchasing an additional 296,742 shares in the last quarter. Public Sector Pension Investment Board grew its position in Adeia by 15.4% during the third quarter. Public Sector Pension Investment Board now owns 515,753 shares of the company’s stock valued at $8,665,000 after purchasing an additional 68,745 shares in the last quarter. Finally, NewEdge Wealth LLC purchased a new position in Adeia during the third quarter valued at approximately $902,000. 97.36% of the stock is owned by hedge funds and other institutional investors.

Adeia Stock Performance

ADEA stock opened at $26.86 on Friday. The company has a quick ratio of 3.44, a current ratio of 3.44 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $2.96 billion, a price-to-earnings ratio of 24.87 and a beta of 1.48. Adeia Inc. has a 12 month low of $11.61 and a 12 month high of $34.34. The firm has a 50 day moving average of $27.07 and a two-hundred day moving average of $20.29.

Adeia (NASDAQ:ADEA) last posted its earnings results on Monday, May 4th. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.36 by $0.02. The company had revenue of $104.77 million during the quarter, compared to the consensus estimate of $99.72 million. Adeia had a net margin of 26.50% and a return on equity of 39.49%. As a group, equities analysts anticipate that Adeia Inc. will post 1.15 EPS for the current fiscal year.

Adeia Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Tuesday, May 26th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, May 26th. Adeia’s payout ratio is currently 18.52%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Wall Street Zen downgraded shares of Adeia from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings downgraded shares of Adeia from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. BWS Financial reaffirmed a “buy” rating and set a $30.00 price objective on shares of Adeia in a research report on Tuesday, May 5th. Rosenblatt Securities reaffirmed a “buy” rating and set a $40.00 price objective on shares of Adeia in a research report on Tuesday, May 5th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $43.00 price objective on shares of Adeia in a research report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $33.60.

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.