Headlands Technologies LLC raised its position in Adeia Inc. (NASDAQ:ADEA - Free Report) by 117.0% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 39,177 shares of the company's stock after buying an additional 21,121 shares during the quarter. Headlands Technologies LLC's holdings in Adeia were worth $518,000 as of its most recent filing with the SEC.
A number of other large investors also recently bought and sold shares of the company. Ritholtz Wealth Management purchased a new position in Adeia in the 1st quarter valued at approximately $175,000. GAMMA Investing LLC grew its holdings in Adeia by 80.9% in the first quarter. GAMMA Investing LLC now owns 3,603 shares of the company's stock valued at $48,000 after purchasing an additional 1,611 shares during the last quarter. New York State Teachers Retirement System increased its position in shares of Adeia by 9.6% in the first quarter. New York State Teachers Retirement System now owns 148,732 shares of the company's stock valued at $1,966,000 after buying an additional 13,078 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Adeia by 60.9% during the 1st quarter. SG Americas Securities LLC now owns 56,254 shares of the company's stock worth $744,000 after buying an additional 21,302 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in shares of Adeia by 14.2% in the 1st quarter. Nisa Investment Advisors LLC now owns 8,565 shares of the company's stock worth $113,000 after buying an additional 1,062 shares in the last quarter. Hedge funds and other institutional investors own 97.36% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on ADEA shares. BWS Financial restated a "buy" rating and set a $18.00 target price on shares of Adeia in a report on Wednesday, August 6th. Rosenblatt Securities restated a "buy" rating and set a $17.00 price objective 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 note on Saturday. Finally, Roth Capital began coverage on shares of Adeia in a research note on Friday, June 20th. They set a "buy" rating and a $26.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Adeia currently has a consensus rating of "Moderate Buy" and a consensus target price of $19.50.
Get Our Latest Report on ADEA
Adeia Trading Down 1.1%
Shares of NASDAQ ADEA traded down $0.16 on Monday, reaching $14.07. 488,646 shares of the company traded hands, compared to its average volume of 591,084. The stock has a market capitalization of $1.53 billion, a PE ratio of 19.01 and a beta of 1.53. Adeia Inc. has a fifty-two week low of $10.59 and a fifty-two week high of $17.46. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 1.06. The company has a 50 day moving average of $13.75 and a 200 day moving average of $13.48.
Adeia Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, August 26th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Tuesday, August 26th. Adeia's dividend payout ratio (DPR) is 27.03%.
About Adeia
(
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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