Adeia (NASDAQ:ADEA – Get Free Report) will be issuing its quarterly earnings data after the market closes on Tuesday, February 20th. Analysts expect the company to announce earnings of $0.23 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.
Adeia Price Performance
ADEA opened at $12.90 on Tuesday. The company has a debt-to-equity ratio of 1.68, a quick ratio of 2.68 and a current ratio of 2.68. The stock has a market capitalization of $1.38 billion, a P/E ratio of 11.42 and a beta of 1.48. The company’s 50-day simple moving average is $11.74 and its two-hundred day simple moving average is $10.41. Adeia has a 52-week low of $7.12 and a 52-week high of $13.39.
Insider Buying and Selling
In other Adeia news, insider Mark Kokes sold 20,487 shares of the stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $9.91, for a total transaction of $203,026.17. Following the completion of the sale, the insider now directly owns 142,246 shares of the company’s stock, valued at approximately $1,409,657.86. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.40% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Adeia Inc, together with its subsidiaries, operates as a media and semiconductor intellectual property licensing company worldwide. The company licenses its innovations to media and semiconductor industries and companies under the Adeia brand. It 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 and social media companies; consumer electronics manufacturers, which includes smart televisions, streaming media devices, video game consoles, mobile devices, content storage devices, and other connected media devices; and semiconductors, including sensors, radio frequency components, memory, and logic devices.
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