Adeia (NASDAQ:ADEA - Get Free Report)'s stock had its "buy" rating reaffirmed by equities researchers at BWS Financial in a report released on Tuesday,Benzinga reports. They presently have a $18.00 price objective on the stock. BWS Financial's target price suggests a potential upside of 34.83% from the stock's current price. BWS Financial also issued estimates for Adeia's Q2 2025 earnings at $0.14 EPS, Q3 2025 earnings at $0.25 EPS, Q4 2025 earnings at $0.45 EPS and FY2025 earnings at $1.02 EPS.
Other equities research analysts have also recently issued research reports about the company. Rosenblatt Securities reiterated a "buy" rating and issued a $17.00 price objective on shares of Adeia in a research note on Tuesday, May 6th. Maxim Group raised their price objective on shares of Adeia from $15.00 to $17.00 and gave the stock a "buy" rating in a research report on Wednesday, February 19th.
View Our Latest Analysis on ADEA
Adeia Stock Down 1.2 %
ADEA traded down $0.16 on Tuesday, reaching $13.35. The company's stock had a trading volume of 520,313 shares, compared to its average volume of 538,340. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 23.42 and a beta of 1.57. Adeia has a fifty-two week low of $9.68 and a fifty-two week high of $17.46. The company has a quick ratio of 3.53, a current ratio of 3.53 and a debt-to-equity ratio of 1.15. The stock has a 50 day moving average of $12.93 and a two-hundred day moving average of $13.21.
Adeia (NASDAQ:ADEA - Get Free Report) last posted its earnings results on Tuesday, February 18th. The company reported $0.42 EPS for the quarter, meeting analysts' consensus estimates of $0.42. Adeia had a net margin of 17.19% and a return on equity of 32.81%. The firm had revenue of $119.17 million for the quarter, compared to the consensus estimate of $114.22 million. During the same period last year, the firm posted $0.27 EPS. As a group, analysts forecast that Adeia will post 1.09 EPS for the current fiscal year.
Institutional Trading of Adeia
Several hedge funds have recently made changes to their positions in the company. Summit Global Investments raised its holdings in Adeia by 1.9% during the first quarter. Summit Global Investments now owns 50,475 shares of the company's stock worth $667,000 after purchasing an additional 931 shares in the last quarter. Picton Mahoney Asset Management boosted its stake in shares of Adeia by 52.1% in the fourth quarter. Picton Mahoney Asset Management now owns 2,836 shares of the company's stock valued at $39,000 after buying an additional 972 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in Adeia by 5.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 19,441 shares of the company's stock worth $272,000 after acquiring an additional 989 shares during the period. Kendall Capital Management grew its holdings in Adeia by 3.1% during the first quarter. Kendall Capital Management now owns 34,401 shares of the company's stock worth $455,000 after acquiring an additional 1,050 shares during the period. Finally, Nisa Investment Advisors LLC raised its position in Adeia by 14.2% in the first 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. Institutional investors and hedge funds own 97.36% of the company's stock.
About Adeia
(
Get Free Report)
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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