Deutsche Bank AG Sells 8,639 Shares of Adeia Inc. $ADEA

Deutsche Bank AG decreased its position in shares of Adeia Inc. (NASDAQ:ADEA) by 4.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 200,318 shares of the company’s stock after selling 8,639 shares during the quarter. Deutsche Bank AG owned about 0.18% of Adeia worth $2,648,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Castlekeep Investment Advisors LLC acquired a new stake in shares of Adeia during the 4th quarter worth approximately $25,000. Kayne Anderson Rudnick Investment Management LLC purchased a new position in Adeia during the 4th quarter worth $33,000. GAMMA Investing LLC boosted its holdings in Adeia by 80.9% during the 1st quarter. GAMMA Investing LLC now owns 3,603 shares of the company’s stock worth $48,000 after acquiring an additional 1,611 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Adeia by 14.2% during the 1st quarter. Nisa Investment Advisors LLC now owns 8,565 shares of the company’s stock worth $113,000 after purchasing an additional 1,062 shares during the period. Finally, Vestcor Inc raised its stake in shares of Adeia by 45.7% during the 1st quarter. Vestcor Inc now owns 11,593 shares of the company’s stock worth $153,000 after purchasing an additional 3,638 shares during the period. Institutional investors and hedge funds own 97.36% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on ADEA. BWS Financial restated a “buy” rating and issued a $18.00 price objective on shares of Adeia in a research note on Wednesday, August 6th. Zacks Research raised Adeia to a “strong-buy” rating in a report on Friday, August 8th. Roth Capital started coverage on Adeia in a report on Friday, June 20th. They set a “buy” rating and a $26.00 price objective for the company. Rosenblatt Securities reaffirmed a “buy” rating and issued a $17.00 target price on shares of Adeia in a research note on Tuesday, May 6th. Finally, Wall Street Zen lowered Adeia from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $19.50.

Adeia Stock Performance

Shares of ADEA stock opened at $14.81 on Wednesday. The stock has a fifty day moving average of $13.94 and a 200 day moving average of $13.56. Adeia Inc. has a 52 week low of $10.59 and a 52 week high of $17.46. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of 20.01 and a beta of 1.53. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 1.06.

Adeia Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, August 26th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, August 26th. This represents a $0.20 dividend on an annualized basis and a yield of 1.4%. Adeia’s dividend payout ratio (DPR) is presently 27.03%.

Adeia 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.