Adeia Inc. (NASDAQ:ADEA) Receives $19.50 Average PT from Analysts

Adeia Inc. (NASDAQ:ADEA) has received an average recommendation of “Moderate Buy” from the six research firms that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $19.50.

ADEA has been the subject of several analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Adeia in a report on Wednesday, November 19th. Zacks Research cut Adeia from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Wall Street Zen downgraded Adeia from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Roth Capital restated a “buy” rating on shares of Adeia in a research note on Monday, November 3rd. Finally, BWS Financial reaffirmed a “buy” rating and set a $18.00 price objective on shares of Adeia in a report on Tuesday, November 4th.

Adeia Stock Performance

NASDAQ:ADEA opened at $12.35 on Friday. The company has a debt-to-equity ratio of 1.06, a current ratio of 3.09 and a quick ratio of 3.09. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 16.69 and a beta of 1.78. The firm’s fifty day moving average price is $15.57 and its 200 day moving average price is $14.60. Adeia has a 1-year low of $10.59 and a 1-year high of $18.25.

Adeia (NASDAQ:ADEA) last announced its quarterly earnings data on Monday, November 3rd. The company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.08). Adeia had a return on equity of 30.31% and a net margin of 22.15%.The firm had revenue of $87.34 million for the quarter, compared to analysts’ expectations of $99.24 million. Adeia has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that Adeia will post 1.09 EPS for the current year.

Adeia Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, November 24th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, November 24th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.6%. Adeia’s dividend payout ratio is 30.77%.

Institutional Investors Weigh In On Adeia

A number of institutional investors and hedge funds have recently modified their holdings of the company. Quarry LP boosted its position in Adeia by 245.5% during the third quarter. Quarry LP now owns 1,586 shares of the company’s stock worth $27,000 after purchasing an additional 1,127 shares in the last quarter. Osaic Holdings Inc. increased its position in shares of Adeia by 714.9% in the second quarter. Osaic Holdings Inc. now owns 2,632 shares of the company’s stock valued at $37,000 after buying an additional 2,309 shares in the last quarter. CWM LLC raised its stake in shares of Adeia by 436.0% during the 3rd quarter. CWM LLC now owns 2,444 shares of the company’s stock worth $41,000 after buying an additional 1,988 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Adeia in the 1st quarter worth about $43,000. Finally, Brooklyn Investment Group purchased a new stake in shares of Adeia in the 1st quarter worth about $44,000. Institutional investors and hedge funds own 97.36% of the company’s stock.

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.