Adeia (NASDAQ:ADEA) Issues Quarterly Earnings Results

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 quarterly earnings results on Tuesday. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.24 by ($0.02), Zacks reports. Adeia had a return on equity of 30.31% and a net margin of 22.15%. The firm had revenue of $85.70 million for the quarter, compared to the consensus estimate of $91.01 million. Adeia updated its FY 2025 guidance to EPS.

Adeia Stock Up 3.3%

ADEA stock traded up $0.45 during trading on Friday, reaching $14.23. 541,485 shares of the company traded hands, compared to its average volume of 545,156. Adeia has a 12 month low of $10.59 and a 12 month high of $17.46. The business has a 50 day simple moving average of $13.72 and a 200 day simple moving average of $13.48. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 19.23 and a beta of 1.53. The company has a debt-to-equity ratio of 1.06, a quick ratio of 2.94 and a current ratio of 3.09.

Adeia Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, August 26th will be given a dividend of $0.05 per share. 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%.

Institutional Investors Weigh In On Adeia

A number of institutional investors have recently added to or reduced their stakes in ADEA. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted 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 purchasing an additional 2,829 shares in the last quarter. Caxton Associates LLP acquired a new stake in Adeia in the first quarter worth about $174,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in 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 acquiring an additional 42,918 shares in the last quarter. Jane Street Group LLC boosted its holdings in 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 acquiring an additional 321,976 shares in the last quarter. Finally, Focus Partners Wealth acquired a new stake in Adeia in the first quarter worth about $167,000. Institutional investors own 97.36% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Wall Street Zen downgraded Adeia from a "buy" rating to a "hold" rating in a research report on Saturday. BWS Financial reissued a "buy" rating and set a $18.00 price target on shares of Adeia in a research report on Wednesday. Roth Capital assumed coverage on Adeia in a research report on Friday, June 20th. They set a "buy" rating and a $26.00 price target on the stock. 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. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $19.50.

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.