Adeia (NASDAQ:ADEA) Releases Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Key Points

• Adeia (NASDAQ: ADEA) reported an earnings per share (EPS) of $0.22, missing the analyst expectation of $0.24 by $0.02.
• The company's stock increased by 0.8%, closing at $12.49, despite the missed earnings expectation.
• Institutional investors hold approximately 97.36% of Adeia's stock, with significant recent activity including a 1,193.2% increase in shares held by Jane Street Group.

Adeia (NASDAQ:ADEA - Get Free Report) posted its earnings results on Tuesday. The company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.02), Zacks reports. Adeia had a return on equity of 31.54% and a net margin of 19.86%. Adeia updated its FY 2025 guidance to EPS.

Adeia Stock Up 0.8%

Shares of Adeia stock traded up $0.10 on Tuesday, reaching $12.49. The company's stock had a trading volume of 619,764 shares, compared to its average volume of 587,466. The company has a quick ratio of 2.94, a current ratio of 2.94 and a debt-to-equity ratio of 1.13. The firm's fifty day simple moving average is $13.67 and its two-hundred day simple moving average is $13.47. Adeia has a 52 week low of $9.77 and a 52 week high of $17.46. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of 18.92 and a beta of 1.53.

Analyst Upgrades and Downgrades

ADEA has been the subject of several research analyst reports. Roth Capital started coverage on shares of Adeia in a research report on Friday, June 20th. They issued a "buy" rating and a $26.00 target price for the company. BWS Financial reissued a "buy" rating and set a $18.00 price target on shares of Adeia in a research report on Wednesday, July 9th. Finally, Rosenblatt Securities reissued a "buy" rating and set a $17.00 price target on shares of Adeia in a research report on Tuesday, May 6th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Adeia by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,701 shares of the company's stock valued at $855,000 after buying an additional 2,829 shares during the period. Focus Partners Wealth bought a new position in shares of Adeia in the first quarter worth approximately $167,000. Caxton Associates LLP bought a new position in shares of Adeia in the first quarter worth approximately $174,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Adeia by 22.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 231,421 shares of the company's stock worth $3,059,000 after purchasing an additional 42,918 shares during the period. Finally, Jane Street Group LLC boosted its position in shares of Adeia by 1,193.2% in the first quarter. Jane Street Group LLC now owns 348,961 shares of the company's stock worth $4,613,000 after purchasing an additional 321,976 shares during the period. 97.36% of the stock is owned by hedge funds and other institutional investors.

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.

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