What is BWS Financial's Forecast for Adeia FY2025 Earnings?

Adeia Inc. (NASDAQ:ADEA - Free Report) - Analysts at BWS Financial raised their FY2025 earnings per share (EPS) estimates for Adeia in a report issued on Wednesday, August 6th. BWS Financial analyst H. Khorsand now expects that the company will post earnings of $1.09 per share for the year, up from their previous estimate of $1.02. BWS Financial has a "Buy" rating and a $18.00 price target on the stock. The consensus estimate for Adeia's current full-year earnings is $1.09 per share.

Several other research firms have also weighed in on ADEA. Zacks Research raised Adeia to a "strong-buy" rating in a research report on Friday, August 8th. 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. Wall Street Zen lowered Adeia from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, Roth Capital started 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. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Adeia currently has an average rating of "Buy" and an average price target of $19.50.

Adeia Stock Down 0.7%

NASDAQ:ADEA traded down $0.10 during trading hours on Monday, hitting $14.84. 59,855 shares of the company's stock traded hands, compared to its average volume of 586,126. The firm has a market cap of $1.62 billion, a P/E ratio of 20.01 and a beta of 1.53. Adeia has a twelve month low of $10.59 and a twelve month high of $17.46. The company has a debt-to-equity ratio of 1.06, a quick ratio of 3.09 and a current ratio of 3.09. The stock's fifty day moving average price is $13.86 and its two-hundred day moving average price is $13.52.

Adeia Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, August 26th will be paid a $0.05 dividend. The ex-dividend date is Tuesday, August 26th. This represents a $0.20 dividend on an annualized basis and a yield of 1.3%. Adeia's payout ratio is 27.03%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Summit Global Investments grew its stake in Adeia by 1.9% in the first quarter. Summit Global Investments now owns 50,475 shares of the company's stock valued at $667,000 after purchasing an additional 931 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Adeia by 5.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 19,441 shares of the company's stock valued at $272,000 after purchasing an additional 989 shares in the last quarter. Kendall Capital Management grew its stake in Adeia by 3.1% in the first quarter. Kendall Capital Management now owns 34,401 shares of the company's stock valued at $455,000 after purchasing an additional 1,050 shares in the last quarter. Nisa Investment Advisors LLC boosted 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 acquiring an additional 1,062 shares in the last quarter. Finally, Carmel Capital Partners LLC boosted its stake in shares of Adeia by 9.9% during the 1st quarter. Carmel Capital Partners LLC now owns 12,904 shares of the company's stock worth $171,000 after acquiring an additional 1,161 shares in the last quarter. Hedge funds and other institutional investors own 97.36% of the company's stock.

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.