Adeia Inc. $ADEA Shares Bought by Stephens Inc. AR

Stephens Inc. AR raised its stake in Adeia Inc. (NASDAQ:ADEA) by 7.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 671,609 shares of the company’s stock after buying an additional 45,344 shares during the quarter. Stephens Inc. AR owned about 0.61% of Adeia worth $11,585,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of ADEA. Quarry LP lifted its position in Adeia by 245.5% in the third quarter. Quarry LP now owns 1,586 shares of the company’s stock valued at $27,000 after buying an additional 1,127 shares during the last quarter. IFP Advisors Inc acquired a new stake in shares of Adeia during the third quarter worth about $28,000. Osaic Holdings Inc. lifted its position in shares of Adeia by 714.9% during the second quarter. Osaic Holdings Inc. now owns 2,632 shares of the company’s stock worth $37,000 after purchasing an additional 2,309 shares in the last quarter. CWM LLC lifted its position in shares of Adeia by 436.0% during 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. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Adeia during the third quarter worth about $56,000. Institutional investors and hedge funds own 97.36% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Wall Street Zen cut shares of Adeia from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings raised shares of Adeia from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. BWS Financial reissued a “buy” rating and set a $30.00 price target on shares of Adeia in a research report on Tuesday, May 5th. Roth Mkm reissued a “buy” rating and set a $43.00 price target on shares of Adeia in a research report on Tuesday, May 5th. Finally, Zacks Research raised shares of Adeia from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $33.60.

Adeia Stock Down 5.1%

Shares of NASDAQ:ADEA opened at $29.88 on Friday. The firm’s 50 day moving average price is $26.59 and its 200 day moving average price is $19.97. The stock has a market cap of $3.30 billion, a price-to-earnings ratio of 27.67 and a beta of 1.48. Adeia Inc. has a fifty-two week low of $11.61 and a fifty-two week high of $34.34. The company has a quick ratio of 3.44, a current ratio of 3.44 and a debt-to-equity ratio of 0.79.

Adeia (NASDAQ:ADEA) last issued its earnings results on Monday, May 4th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.02. The firm had revenue of $104.77 million for the quarter, compared to analysts’ expectations of $99.72 million. Adeia had a net margin of 26.50% and a return on equity of 39.49%. As a group, equities research analysts predict that Adeia Inc. will post 1.15 earnings per share for the current fiscal year.

Adeia Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Tuesday, May 26th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, May 26th. This represents a $0.20 annualized dividend and a yield of 0.7%. Adeia’s dividend payout ratio (DPR) is 18.52%.

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.