Adeia Inc. (NASDAQ:ADEA) Position Boosted by Raymond James & Associates

Raymond James & Associates boosted its position in Adeia Inc. (NASDAQ:ADEA) by 10.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 62,891 shares of the company’s stock after buying an additional 6,186 shares during the quarter. Raymond James & Associates owned approximately 0.06% of Adeia worth $779,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Adeia by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 13,941,966 shares of the company’s stock valued at $148,900,000 after acquiring an additional 233,675 shares during the last quarter. Boston Partners acquired a new stake in shares of Adeia during the third quarter worth $7,168,000. The Manufacturers Life Insurance Company raised its holdings in shares of Adeia by 4.2% during the third quarter. The Manufacturers Life Insurance Company now owns 2,441,865 shares of the company’s stock worth $26,079,000 after purchasing an additional 97,792 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Adeia by 4.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 842,812 shares of the company’s stock worth $9,001,000 after buying an additional 34,678 shares during the last quarter. Finally, LSV Asset Management boosted its holdings in shares of Adeia by 36.4% in the 3rd quarter. LSV Asset Management now owns 1,700,001 shares of the company’s stock valued at $18,156,000 after buying an additional 453,601 shares during the period. Institutional investors and hedge funds own 97.36% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on ADEA shares. Rosenblatt Securities started coverage on shares of Adeia in a report on Friday, February 23rd. They issued a “buy” rating and a $15.00 target price on the stock. BWS Financial restated a “buy” rating and set a $16.00 price objective on shares of Adeia in a research report on Friday, April 19th.

Adeia Trading Up 4.1 %

Shares of NASDAQ:ADEA opened at $10.38 on Wednesday. Adeia Inc. has a fifty-two week low of $7.12 and a fifty-two week high of $13.39. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 1.46. The company has a market cap of $1.13 billion, a PE ratio of 17.59 and a beta of 1.43. The company’s 50-day moving average price is $10.96 and its 200 day moving average price is $10.69.

Adeia (NASDAQ:ADEA) last issued its quarterly earnings data on Tuesday, February 20th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.01. Adeia had a return on equity of 42.74% and a net margin of 17.33%. The business had revenue of $86.87 million during the quarter, compared to the consensus estimate of $89.23 million. Sell-side analysts anticipate that Adeia Inc. will post 1.18 earnings per share for the current year.

Adeia Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Tuesday, March 12th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend was Monday, March 11th. Adeia’s dividend payout ratio (DPR) is 33.90%.

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.