Adeia’s (ADEA) “Buy” Rating Reiterated at BWS Financial

BWS Financial reissued their buy rating on shares of Adeia (NASDAQ:ADEA) in a research report sent to investors on Tuesday morning, Marketbeat reports. The firm currently has a $18.00 price target on the stock.

Other equities analysts also recently issued reports about the stock. Maxim Group upped their price target on shares of Adeia from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Wednesday, February 19th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $20.00 target price on shares of Adeia in a research report on Friday, February 28th.

Adeia Stock Down 0.8 %

NASDAQ:ADEA opened at $11.88 on Tuesday. Adeia has a 1-year low of $9.68 and a 1-year high of $17.46. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of 20.84 and a beta of 1.47. The company has a current ratio of 3.53, a quick ratio of 3.53 and a debt-to-equity ratio of 1.15. The business’s fifty day moving average price is $13.76 and its 200 day moving average price is $13.14.

Adeia (NASDAQ:ADEA) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $0.42 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.42. Adeia had a net margin of 17.19% and a return on equity of 32.81%. The business had revenue of $119.17 million during the quarter, compared to analyst estimates of $114.22 million. During the same period in the prior year, the firm earned $0.27 earnings per share. On average, sell-side analysts forecast that Adeia will post 1.09 earnings per share for the current fiscal year.

Adeia Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were issued a dividend of $0.05 per share. The ex-dividend date was Monday, March 10th. This represents a $0.20 annualized dividend and a yield of 1.68%. Adeia’s dividend payout ratio (DPR) is currently 35.09%.

Institutional Trading of Adeia

Several large investors have recently made changes to their positions in ADEA. Jane Street Group LLC lifted its holdings in Adeia by 66.2% in the 3rd quarter. Jane Street Group LLC now owns 199,812 shares of the company’s stock worth $2,380,000 after purchasing an additional 79,565 shares during the last quarter. Handelsbanken Fonder AB lifted its stake in shares of Adeia by 20.6% in the fourth quarter. Handelsbanken Fonder AB now owns 22,800 shares of the company’s stock worth $319,000 after buying an additional 3,900 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Adeia by 3.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 995,908 shares of the company’s stock worth $13,923,000 after buying an additional 30,485 shares during the last quarter. Barclays PLC boosted its holdings in shares of Adeia by 51.9% during the 3rd quarter. Barclays PLC now owns 228,967 shares of the company’s stock worth $2,728,000 after buying an additional 78,276 shares during the period. Finally, Natixis Advisors LLC acquired a new position in Adeia in the 4th quarter valued at $302,000. Institutional investors own 97.36% of the company’s stock.

Adeia Company 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.