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SG Americas Securities LLC Raises Holdings in Adeia Inc. (NASDAQ:ADEA)

Adeia logo with Business Services background

SG Americas Securities LLC grew its position in shares of Adeia Inc. (NASDAQ:ADEA - Free Report) by 60.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 56,254 shares of the company's stock after purchasing an additional 21,302 shares during the period. SG Americas Securities LLC owned about 0.05% of Adeia worth $744,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ADEA. Handelsbanken Fonder AB increased its position in shares of Adeia by 20.6% in the fourth quarter. Handelsbanken Fonder AB now owns 22,800 shares of the company's stock valued at $319,000 after acquiring an additional 3,900 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Adeia by 3.2% in 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 during the period. Natixis Advisors LLC bought a new stake in shares of Adeia during the 4th quarter valued at about $302,000. Royce & Associates LP boosted its stake in shares of Adeia by 13.6% during the 4th quarter. Royce & Associates LP now owns 315,264 shares of the company's stock valued at $4,407,000 after purchasing an additional 37,634 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Adeia by 2,291.2% during the first quarter. GAMMA Investing LLC now owns 47,632 shares of the company's stock valued at $630,000 after buying an additional 45,640 shares during the period. 97.36% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

View Our Latest Stock Analysis on Adeia

Adeia Stock Up 3.0%

Adeia stock traded up $0.41 during mid-day trading on Tuesday, hitting $14.02. The company had a trading volume of 558,006 shares, compared to its average volume of 536,680. Adeia Inc. has a 12 month low of $9.68 and a 12 month high of $17.46. The company has a market capitalization of $1.52 billion, a PE ratio of 21.24 and a beta of 1.59. The stock's 50 day moving average price is $12.96 and its two-hundred day moving average price is $13.41. The company has a current ratio of 2.94, a quick ratio of 2.94 and a debt-to-equity ratio of 1.13.

Adeia Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Tuesday, May 27th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.43%. The ex-dividend date was Tuesday, May 27th. Adeia's dividend payout ratio (DPR) is 30.30%.

Adeia Profile

(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.

Read More

Institutional Ownership by Quarter for Adeia (NASDAQ:ADEA)

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