Adeia Inc. (NASDAQ:ADEA) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Adeia Inc. (NASDAQ:ADEA) have been assigned a consensus rating of “Moderate Buy” from the six brokerages that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $37.60.

ADEA has been the topic of several recent research reports. Rosenblatt Securities reaffirmed a “buy” rating and set a $40.00 price objective on shares of Adeia in a research report on Tuesday, August 4th. Roth Capital restated a “buy” rating and set a $43.00 price target on shares of Adeia in a research note on Tuesday, May 5th. Weiss Ratings upgraded shares of Adeia from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, August 19th. BWS Financial lifted their price objective on shares of Adeia from $30.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, August 14th. Finally, Maxim Group set a $35.00 price objective on shares of Adeia in a research note on Wednesday, May 6th.

Institutional Trading of Adeia

Large investors have recently made changes to their positions in the stock. State of Wyoming acquired a new stake in Adeia in the 2nd quarter worth approximately $1,550,000. Fifth Third Bancorp grew its holdings in Adeia by 13,439.1% during the first quarter. Fifth Third Bancorp now owns 56,052 shares of the company’s stock valued at $1,347,000 after purchasing an additional 55,638 shares during the last quarter. Denali Advisors LLC acquired a new position in Adeia during the fourth quarter valued at approximately $833,000. Universal Beteiligungs und Servicegesellschaft mbH raised its position in shares of Adeia by 20.7% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 219,747 shares of the company’s stock valued at $3,810,000 after purchasing an additional 37,749 shares during the period. Finally, BlackRock Inc. acquired a new stake in shares of Adeia in the second quarter worth $573,267,000. Institutional investors own 97.36% of the company’s stock.

Adeia Stock Performance

Shares of NASDAQ ADEA opened at $25.23 on Tuesday. The business’s 50-day moving average price is $28.02 and its two-hundred day moving average price is $26.85. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.25 and a quick ratio of 3.25. Adeia has a one year low of $11.61 and a one year high of $34.34. The company has a market capitalization of $2.78 billion, a P/E ratio of 23.36 and a beta of 1.39.

Adeia (NASDAQ:ADEA) last posted its quarterly earnings results on Monday, August 3rd. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. The company had revenue of $96.12 million during the quarter, compared to the consensus estimate of $96.79 million. Adeia had a return on equity of 39.26% and a net margin of 26.05%. Analysts anticipate that Adeia will post 1.17 earnings per share for the current fiscal year.

Adeia Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Monday, August 24th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.8%. The ex-dividend date is Monday, August 24th. Adeia’s dividend payout ratio (DPR) is 18.52%.

Adeia Company 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.