Adeia (NASDAQ:ADEA) Cut to "Buy" at Wall Street Zen

Key Points

• Wall Street Zen downgraded Adeia from "strong-buy" to "buy"; overall analyst consensus is a "Moderate Buy" (five Buy, one Hold) with a consensus price target of $28.80 and individual targets roughly ranging from $20 to $40.
• Adeia beat Q4 expectations with $0.86 EPS vs. $0.73 expected and $182.6M revenue vs. $168.5M expected, while posting a 25.1% net margin and 38.0% ROE; the stock trades near its 52‑week high (~$26.87) and the company has a ~$2.97B market cap.
• The balance sheet shows strong liquidity (quick and current ratios of 3.81) and meaningful institutional ownership at 97.36%, though leverage is moderate with a debt‑to‑equity ratio of 0.83.

Adeia (NASDAQ:ADEA - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research note issued on Saturday.

ADEA has been the topic of a number of other reports. Weiss Ratings raised shares of Adeia from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, January 12th. Zacks Research downgraded Adeia from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 26th. Roth Mkm boosted their target price on Adeia from $27.00 to $34.00 and gave the company a "buy" rating in a research note on Monday, March 16th. UBS Group set a $20.00 price target on Adeia in a research report on Tuesday, December 23rd. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $40.00 price target on shares of Adeia in a research note on Thursday, April 2nd. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Adeia presently has an average rating of "Moderate Buy" and a consensus price target of $28.80.

Adeia Price Performance

ADEA stock opened at $26.87 on Friday. The company has a market capitalization of $2.97 billion, a P/E ratio of 27.42 and a beta of 1.30. Adeia has a 52-week low of $11.51 and a 52-week high of $27.59. The business has a 50-day simple moving average of $21.75 and a two-hundred day simple moving average of $17.90. The company has a debt-to-equity ratio of 0.83, a quick ratio of 3.81 and a current ratio of 3.81.

Adeia (NASDAQ:ADEA - Get Free Report) last released its quarterly earnings results on Monday, February 23rd. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.13. The business had revenue of $182.64 million for the quarter, compared to analysts' expectations of $168.45 million. Adeia had a net margin of 25.05% and a return on equity of 38.01%. Research analysts expect that Adeia will post 1.09 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of ADEA. Hantz Financial Services Inc. increased its holdings in shares of Adeia by 447.0% in the fourth quarter. Hantz Financial Services Inc. now owns 1,444 shares of the company's stock worth $25,000 after buying an additional 1,180 shares during the period. Quarry LP boosted its holdings in Adeia by 245.5% during the 3rd quarter. Quarry LP now owns 1,586 shares of the company's stock valued at $27,000 after acquiring an additional 1,127 shares during the period. IFP Advisors Inc bought a new position in Adeia during the 3rd quarter worth approximately $28,000. Osaic Holdings Inc. grew its position in Adeia by 714.9% during the 2nd quarter. Osaic Holdings Inc. now owns 2,632 shares of the company's stock worth $37,000 after acquiring an additional 2,309 shares during the last quarter. Finally, CWM LLC increased its stake in Adeia by 436.0% in the 3rd quarter. CWM LLC now owns 2,444 shares of the company's stock worth $41,000 after purchasing an additional 1,988 shares during the period. 97.36% of the stock is currently owned by institutional investors.

Adeia Company Profile

Adeia Inc NASDAQ: ADEA is a technology licensing company that focuses on acquiring, managing and monetizing intellectual property assets in the electronics and communications sectors. The company’s core business involves the strategic purchase of patent portfolios followed by the negotiation of licensing agreements, collaborative partnerships and, where necessary, enforcement actions to generate revenue from those assets. Adeia’s technology coverage spans semiconductor design, data communications, wireless networking, imaging systems and other advanced electronics applications.

By assembling a diversified collection of high-value patent families, Adeia works closely with original equipment manufacturers, semiconductor suppliers and service providers across North America, Europe and Asia.

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