Universal Beteiligungs und Servicegesellschaft mbH Invests $2.37 Million in Adeia Inc. (NASDAQ:ADEA)

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Adeia Inc. (NASDAQ:ADEA - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 169,526 shares of the company's stock, valued at approximately $2,370,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.16% of Adeia as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of ADEA. Castlekeep Investment Advisors LLC bought a new stake in shares of Adeia in the 4th quarter worth approximately $25,000. Kayne Anderson Rudnick Investment Management LLC bought a new stake in shares of Adeia in the fourth quarter valued at $33,000. Picton Mahoney Asset Management raised its stake in shares of Adeia by 52.1% in the fourth quarter. Picton Mahoney Asset Management now owns 2,836 shares of the company's stock valued at $39,000 after buying an additional 972 shares during the period. KBC Group NV grew its stake in shares of Adeia by 74.6% during the 4th quarter. KBC Group NV now owns 6,968 shares of the company's stock worth $97,000 after acquiring an additional 2,977 shares during the period. Finally, Cibc World Markets Corp purchased a new stake in shares of Adeia during the 4th quarter valued at approximately $142,000. 97.36% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ADEA has been the topic of several analyst reports. Rosenblatt Securities reiterated a "buy" rating and set a $17.00 price target on shares of Adeia in a research report on Tuesday, May 6th. Maxim Group boosted their price objective on shares of Adeia from $15.00 to $17.00 and gave the company a "buy" rating in a research note on Wednesday, February 19th. Finally, BWS Financial reiterated a "buy" rating and issued a $18.00 target price on shares of Adeia in a research note on Tuesday, May 6th.

Adeia Price Performance

NASDAQ ADEA traded up $0.03 during trading on Wednesday, reaching $13.10. The company's stock had a trading volume of 652,198 shares, compared to its average volume of 541,473. The firm has a fifty day moving average of $12.63 and a 200 day moving average of $13.30. Adeia Inc. has a one year low of $9.68 and a one year high of $17.46. The stock has a market capitalization of $1.42 billion, a PE ratio of 22.98 and a beta of 1.57. The company has a debt-to-equity ratio of 1.15, a current ratio of 3.53 and a quick ratio of 3.53.

Adeia Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Tuesday, May 27th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend is Tuesday, May 27th. Adeia's payout ratio is 30.30%.

Adeia 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.