Adeia Inc. (NASDAQ:ADEA) Shares Set to Pay Quarterly Dividend of $0.05

Adeia Inc. (NASDAQ:ADEA) declared a quarterly dividend on Monday, November 2nd. Stockholders of record on Monday, November 23rd will be paid a dividend of $0.05 per share on Monday, December 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Monday, November 23rd.

Adeia has decreased its dividend payment by an average of 0.2% per year over the last three years. Adeia has a dividend payout ratio of 13.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Adeia to earn $1.33 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 15.0%.

Adeia Stock Performance

NASDAQ:ADEA opened at $20.67 on Tuesday. The stock’s fifty day moving average is $24.29 and its 200 day moving average is $25.47. Adeia has a fifty-two week low of $11.61 and a fifty-two week high of $34.34. The firm has a market capitalization of $2.28 billion, a PE ratio of 19.14 and a beta of 1.35. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.25 and a current ratio of 3.25.

Adeia (NASDAQ:ADEA) last issued its quarterly earnings results on Monday, November 2nd. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.09). The company had revenue of $80.19 million during the quarter, compared to the consensus estimate of $98.88 million. Adeia had a return on equity of 39.26% and a net margin of 26.05%. On average, sell-side analysts anticipate that Adeia will post 1.17 earnings per share for the current year.

Wall Street Analyst Weigh In

ADEA has been the topic of several recent analyst reports. Weiss Ratings downgraded shares of Adeia from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, September 29th. Rosenblatt Securities reissued a “buy” rating and issued a $40.00 price objective on shares of Adeia in a research report on Tuesday, September 29th. BWS Financial reissued a “buy” rating and issued a $50.00 price objective on shares of Adeia in a research note on Wednesday, October 7th. Finally, Zacks Research upgraded Adeia from a “strong sell” rating to a “hold” rating in a research report on Monday, August 3rd. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Adeia currently has an average rating of “Moderate Buy” and an average target price of $37.60.

About Adeia

Adeia Inc is a semiconductor intellectual property company that develops and licenses technologies used in the design, manufacture and packaging of advanced electronic devices. Rather than producing semiconductors itself, the company works with chipmakers, foundries and other industry participants to commercialize its intellectual property.

Adeia’s portfolio includes technologies for three-dimensional semiconductor integration, hybrid bonding, advanced packaging, memory and chip-to-chip connectivity.