Skylands Capital LLC Raises Stake in Adeia Inc. $ADEA

Skylands Capital LLC increased its stake in Adeia Inc. (NASDAQ:ADEA) by 17.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 497,300 shares of the company’s stock after buying an additional 74,076 shares during the period. Adeia accounts for about 1.2% of Skylands Capital LLC’s portfolio, making the stock its 25th largest position. Skylands Capital LLC’s holdings in Adeia were worth $8,355,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Osaic Holdings Inc. grew its stake in Adeia by 714.9% in the 2nd quarter. Osaic Holdings Inc. now owns 2,632 shares of the company’s stock worth $37,000 after acquiring an additional 2,309 shares in the last quarter. CWM LLC grew its stake in Adeia by 436.0% in the third quarter. CWM LLC now owns 2,444 shares of the company’s stock worth $41,000 after purchasing an additional 1,988 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in Adeia in the third quarter worth approximately $56,000. Creative Planning purchased a new position in Adeia during the 2nd quarter worth $144,000. Finally, Corient Private Wealth LLC purchased a new stake in shares of Adeia in the 2nd quarter worth $146,000. 97.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on ADEA. Zacks Research upgraded Adeia from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 8th. UBS Group set a $20.00 price target on shares of Adeia in a report on Tuesday, December 23rd. Rosenblatt Securities upped their price target on shares of Adeia from $17.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, December 22nd. Maxim Group lifted their price objective on shares of Adeia from $17.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, December 23rd. Finally, Roth Mkm reissued a “buy” rating on shares of Adeia in a research note on Monday, December 22nd. One equities research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $22.00.

Adeia Trading Up 0.3%

NASDAQ ADEA opened at $19.25 on Wednesday. Adeia Inc. has a 52 week low of $10.59 and a 52 week high of $20.33. The company has a 50 day moving average price of $16.88 and a 200 day moving average price of $15.67. The company has a quick ratio of 3.72, a current ratio of 3.72 and a debt-to-equity ratio of 1.01. The firm has a market cap of $2.11 billion, a PE ratio of 29.62 and a beta of 1.44.

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.