Boston Partners Decreases Stock Position in Adeia Inc. $ADEA

Boston Partners lessened its holdings in Adeia Inc. (NASDAQ:ADEA) by 2.4% in the 2nd quarter, Holdings Channel.com reports. The fund owned 2,464,706 shares of the company’s stock after selling 60,891 shares during the period. Boston Partners’ holdings in Adeia were worth $34,079,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Teacher Retirement System of Texas raised its position in shares of Adeia by 20.9% in the 1st quarter. Teacher Retirement System of Texas now owns 23,487 shares of the company’s stock valued at $310,000 after purchasing an additional 4,059 shares during the last quarter. Principal Financial Group Inc. increased its stake in Adeia by 2.4% during the 1st quarter. Principal Financial Group Inc. now owns 545,317 shares of the company’s stock valued at $7,209,000 after purchasing an additional 12,608 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Adeia by 14.2% in the first quarter. Nisa Investment Advisors LLC now owns 8,565 shares of the company’s stock worth $113,000 after buying an additional 1,062 shares during the last quarter. Alps Advisors Inc. acquired a new stake in shares of Adeia during the first quarter worth $342,000. Finally, Bailard Inc. acquired a new stake in shares of Adeia during the first quarter worth $599,000. Institutional investors and hedge funds own 97.36% of the company’s stock.

Adeia Trading Down 0.9%

Adeia stock opened at $13.83 on Thursday. The firm has a market cap of $1.51 billion, a PE ratio of 18.69 and a beta of 1.78. Adeia Inc. has a 12 month low of $10.59 and a 12 month high of $18.25. The stock’s 50 day simple moving average is $16.12 and its two-hundred day simple moving average is $14.61. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 1.06.

Adeia (NASDAQ:ADEA) last posted its earnings results on Monday, November 3rd. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.08). Adeia had a net margin of 22.15% and a return on equity of 30.31%. The firm had revenue of $87.34 million during the quarter, compared to analyst estimates of $99.24 million. Adeia has set its FY 2025 guidance at EPS. Analysts anticipate that Adeia Inc. will post 1.09 earnings per share for the current year.

Adeia Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, November 24th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Monday, November 24th. Adeia’s dividend payout ratio is presently 30.77%.

Analyst Ratings Changes

A number of brokerages recently issued reports on ADEA. Wall Street Zen lowered Adeia from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Zacks Research cut Adeia from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. BWS Financial reiterated a “buy” rating and issued a $18.00 target price on shares of Adeia in a research report on Tuesday, November 4th. Roth Capital reissued a “buy” rating on shares of Adeia in a research report on Monday, November 3rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Adeia in a report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.50.

Adeia Profile

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.