Shares of Adeia Inc. (NASDAQ:ADEA - Get Free Report) have earned an average recommendation of "Moderate Buy" from the six brokerages that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $37.60.
Several research firms recently weighed in on ADEA. BWS Financial raised their target price on shares of Adeia from $30.00 to $50.00 and gave the company a "buy" rating in a research note on Friday, August 14th. Roth Capital reaffirmed a "buy" rating and set a $43.00 price target on shares of Adeia in a research report on Tuesday, May 5th. Maxim Group set a $35.00 price target on shares of Adeia in a research note on Wednesday, May 6th. Rosenblatt Securities reissued a "buy" rating and issued a $40.00 price objective on shares of Adeia in a research report on Tuesday, August 4th. Finally, Wall Street Zen lowered shares of Adeia from a "buy" rating to a "hold" rating in a research note on Saturday, May 9th.
View Our Latest Stock Analysis on Adeia
Adeia Trading Up 0.1%
Adeia stock opened at $26.28 on Tuesday. The company has a market cap of $2.90 billion, a price-to-earnings ratio of 24.33 and a beta of 1.39. The firm has a 50-day moving average of $28.58 and a 200-day moving average of $26.58. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.25 and a quick ratio of 3.25. Adeia has a one year low of $11.61 and a one year high of $34.34.
Adeia (NASDAQ:ADEA - Get Free Report) last released its earnings results on Monday, August 3rd. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.03. The business had revenue of $96.12 million for the quarter, compared to analyst estimates of $96.79 million. Adeia had a return on equity of 39.26% and a net margin of 26.05%. On average, equities analysts expect that Adeia will post 1.17 earnings per share for the current fiscal year.
Adeia Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Monday, August 24th will be issued a dividend of $0.05 per share. The ex-dividend date is Monday, August 24th. This represents a $0.20 dividend on an annualized basis and a yield of 0.8%. Adeia's dividend payout ratio (DPR) is presently 18.52%.
Institutional Trading of Adeia
Several institutional investors and hedge funds have recently bought and sold shares of ADEA. Hantz Financial Services Inc. lifted its stake in shares of Adeia by 447.0% during the 4th 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 last quarter. Quarry LP grew its position in shares of Adeia by 245.5% in the third quarter. Quarry LP now owns 1,586 shares of the company's stock valued at $27,000 after purchasing an additional 1,127 shares during the last quarter. IFP Advisors Inc acquired a new position in shares of Adeia in the third quarter valued at approximately $28,000. Public Employees Retirement System of Ohio bought a new position in shares of Adeia during the second quarter worth approximately $34,000. Finally, Osaic Holdings Inc. increased its stake in shares of Adeia by 714.9% during the second quarter. Osaic Holdings Inc. now owns 2,632 shares of the company's stock worth $37,000 after purchasing an additional 2,309 shares during the period. Institutional investors own 97.36% of the company's stock.
About Adeia
(
Get Free Report)
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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