UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 41,017 Shares of Adeia Inc. (NASDAQ:ADEA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Adeia Inc. (NASDAQ:ADEA - Free Report) by 27.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 188,503 shares of the company's stock after buying an additional 41,017 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.17% of Adeia worth $2,635,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Handelsbanken Fonder AB boosted its holdings in shares of Adeia by 20.6% in the fourth quarter. Handelsbanken Fonder AB now owns 22,800 shares of the company's stock worth $319,000 after acquiring an additional 3,900 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Adeia by 3.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 995,908 shares of the company's stock worth $13,923,000 after purchasing an additional 30,485 shares in the last quarter. Barclays PLC boosted its stake in Adeia by 51.9% in the 3rd quarter. Barclays PLC now owns 228,967 shares of the company's stock worth $2,728,000 after purchasing an additional 78,276 shares during the period. Natixis Advisors LLC purchased a new position in Adeia during the 4th quarter valued at about $302,000. Finally, Royce & Associates LP increased its position in shares of Adeia by 13.6% during the fourth quarter. Royce & Associates LP now owns 315,264 shares of the company's stock valued at $4,407,000 after buying an additional 37,634 shares during the period. 97.36% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on ADEA shares. Rosenblatt Securities restated a "buy" rating and issued a $17.00 price objective on shares of Adeia in a research report on Tuesday, May 6th. Maxim Group raised their price target on shares of Adeia from $15.00 to $17.00 and gave the company a "buy" rating in a report on Wednesday, February 19th. Finally, BWS Financial restated a "buy" rating and set a $18.00 price target on shares of Adeia in a research report on Tuesday, May 6th.

Adeia Price Performance

Shares of NASDAQ:ADEA traded up $0.12 on Tuesday, hitting $13.87. The company's stock had a trading volume of 350,209 shares, compared to its average volume of 542,251. The company has a market capitalization of $1.50 billion, a PE ratio of 24.33 and a beta of 1.59. The company has a debt-to-equity ratio of 1.15, a current ratio of 3.53 and a quick ratio of 3.53. The company has a 50-day simple moving average of $12.67 and a 200 day simple moving average of $13.36. Adeia Inc. has a 1 year low of $9.68 and a 1 year high of $17.46.

Adeia Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Tuesday, May 27th will be given a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, May 27th. This represents a $0.20 annualized dividend and a yield of 1.44%. Adeia's dividend payout ratio (DPR) is presently 30.30%.

About Adeia

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.