Universal Beteiligungs und Servicegesellschaft mbH Purchases New Stake in Adeia Inc. (NASDAQ:ADEA)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Adeia Inc. (NASDAQ:ADEA - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 169,526 shares of the company's stock, valued at approximately $2,370,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.16% of Adeia at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Barclays PLC boosted its position in Adeia by 51.9% during the 3rd quarter. Barclays PLC now owns 228,967 shares of the company's stock worth $2,728,000 after buying an additional 78,276 shares during the period. KBC Group NV increased its stake in shares of Adeia by 74.6% in the 4th quarter. KBC Group NV now owns 6,968 shares of the company's stock valued at $97,000 after acquiring an additional 2,977 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Adeia by 3.3% in the 4th quarter. Principal Financial Group Inc. now owns 532,709 shares of the company's stock valued at $7,447,000 after acquiring an additional 17,130 shares in the last quarter. Handelsbanken Fonder AB increased its stake in shares of Adeia by 20.6% in the 4th 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 in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Adeia by 1.2% in the 4th quarter. Bank of New York Mellon Corp now owns 1,124,075 shares of the company's stock valued at $15,715,000 after acquiring an additional 13,619 shares in the last quarter. 97.36% of the stock is currently owned by institutional investors and hedge funds.

Adeia Stock Up 0.8%

ADEA traded up $0.10 during mid-day trading on Friday, reaching $13.40. 351,914 shares of the stock were exchanged, compared to its average volume of 541,973. The company has a debt-to-equity ratio of 1.15, a quick ratio of 3.53 and a current ratio of 3.53. The stock has a market capitalization of $1.45 billion, a PE ratio of 23.51 and a beta of 1.59. The company has a 50 day moving average price of $12.63 and a two-hundred day moving average price of $13.32. Adeia Inc. has a 1 year low of $9.68 and a 1 year high of $17.46.

Adeia Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, May 27th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend is Tuesday, May 27th. Adeia's dividend payout ratio is 30.30%.

Analyst Ratings Changes

Several analysts have recently weighed in on ADEA shares. Rosenblatt Securities reiterated a "buy" rating and issued a $17.00 price objective on shares of Adeia in a research note on Tuesday, May 6th. BWS Financial reiterated a "buy" rating and issued a $18.00 price objective on shares of Adeia in a research note on Tuesday, May 6th. Finally, Maxim Group lifted 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.

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.