Universal Beteiligungs und Servicegesellschaft mbH Buys 37,749 Shares of Adeia Inc. $ADEA

Universal Beteiligungs und Servicegesellschaft mbH raised its stake in shares of Adeia Inc. (NASDAQ:ADEA - Free Report) by 20.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 219,747 shares of the company's stock after purchasing an additional 37,749 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.20% of Adeia worth $3,810,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Ameriprise Financial Inc. boosted its holdings in shares of Adeia by 0.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 14,509,642 shares of the company's stock valued at $205,166,000 after purchasing an additional 97,666 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Adeia by 0.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,819,336 shares of the company's stock valued at $47,364,000 after purchasing an additional 13,412 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Adeia by 19.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,765,859 shares of the company's stock valued at $39,109,000 after acquiring an additional 448,274 shares during the last quarter. Boston Partners lifted its holdings in shares of Adeia by 0.6% in the 3rd quarter. Boston Partners now owns 2,479,151 shares of the company's stock valued at $41,577,000 after acquiring an additional 14,445 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Adeia by 39.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,049,528 shares of the company's stock valued at $17,632,000 after acquiring an additional 296,742 shares during the last quarter. Institutional investors own 97.36% of the company's stock.

Adeia Stock Up 1.5%

Shares of NASDAQ ADEA opened at $30.69 on Thursday. The company has a debt-to-equity ratio of 0.83, a current ratio of 3.81 and a quick ratio of 3.81. The company has a market cap of $3.40 billion, a P/E ratio of 31.32 and a beta of 1.30. Adeia Inc. has a 1 year low of $11.61 and a 1 year high of $31.04. The firm has a 50-day simple moving average of $24.53 and a two-hundred day simple moving average of $19.03.

Adeia (NASDAQ:ADEA - Get Free Report) last announced its quarterly earnings data on Monday, February 23rd. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.13. The business had revenue of $182.64 million during the quarter, compared to the consensus estimate of $168.45 million. Adeia had a net margin of 25.05% and a return on equity of 38.01%. Research analysts anticipate that Adeia Inc. will post 1.11 earnings per share for the current year.

Adeia Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Monday, March 16th were paid a $0.05 dividend. The ex-dividend date of this dividend was Monday, March 16th. This represents a $0.20 annualized dividend and a yield of 0.7%. Adeia's dividend payout ratio (DPR) is presently 20.41%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ADEA. Wall Street Zen downgraded shares of Adeia from a "strong-buy" rating to a "buy" rating in a report on Saturday, April 11th. Roth Mkm increased their price target on shares of Adeia from $27.00 to $34.00 and gave the company a "buy" rating in a report on Monday, March 16th. Zacks Research raised shares of Adeia from a "hold" rating to a "strong-buy" rating in a report on Monday. Weiss Ratings raised shares of Adeia from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, January 12th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $40.00 price target on shares of Adeia in a report on Thursday, April 2nd. One research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. According to MarketBeat, Adeia presently has an average rating of "Buy" and a consensus price target of $28.80.

Adeia Profile

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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