Adeia Inc. (NASDAQ:ADEA) Shares Acquired by Skylands Capital LLC

Skylands Capital LLC increased its holdings in shares of Adeia Inc. (NASDAQ:ADEA - Free Report) by 17.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 307,400 shares of the company's stock after acquiring an additional 45,400 shares during the quarter. Skylands Capital LLC owned approximately 0.28% of Adeia worth $4,064,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of ADEA. Illinois Municipal Retirement Fund raised its position in shares of Adeia by 21.1% during the 1st quarter. Illinois Municipal Retirement Fund now owns 61,510 shares of the company's stock worth $813,000 after purchasing an additional 10,704 shares during the period. Ritholtz Wealth Management acquired a new stake in Adeia in the first quarter worth $175,000. SG Americas Securities LLC lifted its stake in Adeia by 60.9% in the first quarter. SG Americas Securities LLC now owns 56,254 shares of the company's stock valued at $744,000 after buying an additional 21,302 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Adeia by 80.9% during the first quarter. GAMMA Investing LLC now owns 3,603 shares of the company's stock valued at $48,000 after acquiring an additional 1,611 shares during the period. Finally, Summit Global Investments grew its position in shares of 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 acquiring an additional 931 shares during the last quarter. Institutional investors own 97.36% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Rosenblatt Securities reiterated a "buy" rating and issued a $17.00 price objective on shares of Adeia in a research report on Tuesday, May 6th. BWS Financial restated a "buy" rating and issued a $18.00 price target on shares of Adeia in a research note on Tuesday, May 6th. Finally, Roth Capital assumed coverage on Adeia in a report on Friday, June 20th. They issued a "buy" rating and a $26.00 price objective for the company.

Adeia Stock Performance

Shares of NASDAQ ADEA traded up $0.31 during midday trading on Wednesday, reaching $14.49. 558,059 shares of the company traded hands, compared to its average volume of 539,656. The stock has a 50-day moving average price of $13.23 and a 200 day moving average price of $13.43. The company has a market cap of $1.57 billion, a price-to-earnings ratio of 21.95 and a beta of 1.59. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.94 and a quick ratio of 2.94. Adeia Inc. has a 52 week low of $9.68 and a 52 week high of $17.46.

Adeia Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Tuesday, May 27th were given a dividend of $0.05 per share. The ex-dividend date was Tuesday, May 27th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.38%. Adeia's dividend payout ratio (DPR) is 30.30%.

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.