MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $865,000 Stock Holdings in Adeia Inc. (NASDAQ:ADEA)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Adeia Inc. (NASDAQ:ADEA) by 3.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 61,872 shares of the company’s stock after purchasing an additional 2,325 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.06% of Adeia worth $865,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ADEA. Castlekeep Investment Advisors LLC bought a new position in shares of Adeia in the fourth quarter valued at $25,000. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in Adeia in the fourth quarter valued at $33,000. Picton Mahoney Asset Management grew its position in shares of Adeia by 52.1% in the 4th quarter. Picton Mahoney Asset Management now owns 2,836 shares of the company’s stock valued at $39,000 after acquiring an additional 972 shares during the period. KBC Group NV increased its stake in shares of Adeia by 74.6% during the 4th quarter. KBC Group NV now owns 6,968 shares of the company’s stock worth $97,000 after purchasing an additional 2,977 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC bought a new stake in shares of Adeia in the 4th quarter valued at about $142,000. Institutional investors and hedge funds own 97.36% of the company’s stock.

Analysts Set New Price Targets

ADEA has been the subject of a number of research analyst reports. Rosenblatt Securities reiterated a “buy” rating and set a $17.00 price target on shares of Adeia in a report on Tuesday, May 6th. BWS Financial reiterated a “buy” rating and set a $18.00 target price on shares of Adeia in a research note on Tuesday, May 6th. Finally, Maxim Group increased their price target on Adeia from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Wednesday, February 19th.

Adeia Stock Performance

NASDAQ ADEA opened at $12.65 on Tuesday. The stock has a market cap of $1.37 billion, a PE ratio of 22.19 and a beta of 1.57. The company has a debt-to-equity ratio of 1.15, a quick ratio of 3.53 and a current ratio of 3.53. The firm has a 50-day moving average of $12.76 and a 200-day moving average of $13.26. Adeia Inc. has a 52-week low of $9.68 and a 52-week high of $17.46.

Adeia Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, May 27th will be issued a $0.05 dividend. The ex-dividend date is Tuesday, May 27th. This represents a $0.20 annualized dividend and a yield of 1.58%. Adeia’s dividend payout ratio is currently 30.30%.

About Adeia

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.