Adeia (ADEA) Set to Announce Earnings on Tuesday

Adeia (NASDAQ:ADEAGet 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

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Alliancebernstein L.P. grew its stake in Adeia by 0.9% in the second quarter. Alliancebernstein L.P. now owns 124,106 shares of the company’s stock valued at $1,366,000 after purchasing an additional 1,056 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its stake in Adeia by 5.5% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 33,842 shares of the company’s stock valued at $373,000 after purchasing an additional 1,760 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Adeia by 4.6% during the fourth quarter. Franklin Resources Inc. now owns 54,462 shares of the company’s stock valued at $675,000 after acquiring an additional 2,415 shares in the last quarter. FMR LLC acquired a new position in shares of Adeia during the first quarter valued at about $26,000. Finally, State of Tennessee Treasury Department increased its holdings in shares of Adeia by 5.9% during the second quarter. State of Tennessee Treasury Department now owns 73,857 shares of the company’s stock valued at $813,000 after acquiring an additional 4,110 shares in the last quarter. 91.66% of the stock is currently owned by institutional investors.

About Adeia

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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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Earnings History for Adeia (NASDAQ:ADEA)

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