Adeia’s (ADEA) Buy Rating Reiterated at Rosenblatt Securities

Rosenblatt Securities reiterated their buy rating on shares of Adeia (NASDAQ:ADEA) in a research note published on Tuesday morning,Benzinga reports. Rosenblatt Securities currently has a $17.00 target price on the stock.

Other analysts have also issued research reports about the company. BWS Financial reissued a “buy” rating and set a $18.00 price target on shares of Adeia in a report on Monday, October 6th. Roth Capital reiterated a “buy” rating on shares of Adeia in a research note on Monday. Weiss Ratings reissued a “hold (c)” rating on shares of Adeia in a report on Wednesday, October 8th. Zacks Research downgraded shares of Adeia from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Finally, Wall Street Zen lowered shares of Adeia from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $19.50.

Adeia Stock Up 1.6%

Shares of NASDAQ ADEA opened at $14.00 on Tuesday. The company has a market cap of $1.53 billion, a price-to-earnings ratio of 18.92 and a beta of 1.78. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 1.06. The firm’s fifty day moving average is $16.21 and its 200 day moving average is $14.54. Adeia has a 52 week low of $10.59 and a 52 week high of $18.25.

Adeia (NASDAQ:ADEA) last announced its quarterly earnings data on Monday, November 3rd. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.08). Adeia had a net margin of 22.15% and a return on equity of 30.31%. The firm had revenue of $87.34 million for the quarter, compared to analysts’ expectations of $99.24 million. Adeia has set its FY 2025 guidance at EPS. On average, equities research analysts expect that Adeia will post 1.09 earnings per share for the current year.

Adeia Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, November 24th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Monday, November 24th. This represents a $0.20 dividend on an annualized basis and a yield of 1.4%. Adeia’s payout ratio is 30.77%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of ADEA. Quarry LP acquired a new position in shares of Adeia during the first quarter worth $29,000. Osaic Holdings Inc. increased its position in Adeia by 714.9% during the 2nd quarter. Osaic Holdings Inc. now owns 2,632 shares of the company’s stock valued at $37,000 after buying an additional 2,309 shares in the last quarter. CWM LLC raised its stake in Adeia by 436.0% in the third quarter. CWM LLC now owns 2,444 shares of the company’s stock valued at $41,000 after buying an additional 1,988 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Adeia in the first quarter worth about $43,000. Finally, Brooklyn Investment Group purchased a new stake in shares of Adeia during the first quarter worth about $44,000. Hedge funds and other institutional investors own 97.36% of the company’s stock.

Adeia Company 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.