Nisa Investment Advisors LLC Has $113,000 Stock Position in Adeia Inc. (NASDAQ:ADEA)

Nisa Investment Advisors LLC raised its holdings in Adeia Inc. (NASDAQ:ADEA) by 14.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,565 shares of the company’s stock after buying an additional 1,062 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Adeia were worth $113,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Castlekeep Investment Advisors LLC acquired a new stake in shares of Adeia in the 4th quarter valued at about $25,000. Kayne Anderson Rudnick Investment Management LLC acquired a new position in Adeia during the 4th quarter worth approximately $33,000. GAMMA Investing LLC boosted its holdings in Adeia by 80.9% in the first quarter. GAMMA Investing LLC now owns 3,603 shares of the company’s stock worth $48,000 after acquiring an additional 1,611 shares in the last quarter. Cibc World Markets Corp bought a new position in Adeia in the fourth quarter worth approximately $142,000. Finally, EntryPoint Capital LLC acquired a new stake in Adeia in the fourth quarter valued at approximately $168,000. 97.36% of the stock is currently owned by institutional investors.

Adeia Stock Down 2.3%

ADEA stock opened at $13.82 on Friday. The firm has a market capitalization of $1.50 billion, a PE ratio of 20.94 and a beta of 1.59. The company has a quick ratio of 2.94, a current ratio of 2.94 and a debt-to-equity ratio of 1.13. Adeia Inc. has a twelve month low of $9.68 and a twelve month high of $17.46. The stock’s 50 day moving average is $13.71 and its 200-day moving average is $13.48.

Adeia Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Tuesday, May 27th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.45%. The ex-dividend date was Tuesday, May 27th. Adeia’s dividend payout ratio (DPR) is presently 30.30%.

Analyst Upgrades and Downgrades

ADEA has been the topic of a number of research reports. Roth Capital initiated coverage on Adeia in a research report on Friday, June 20th. They set a “buy” rating and a $26.00 target price on the stock. BWS Financial restated a “buy” rating and set a $18.00 price objective on shares of Adeia in a report on Wednesday, July 9th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $17.00 price objective on shares of Adeia in a report on Tuesday, May 6th.

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.