Adeia (NASDAQ:ADEA) Stock Rating Reaffirmed by BWS Financial

BWS Financial reaffirmed their buy rating on shares of Adeia (NASDAQ:ADEA) in a research note issued to investors on Thursday, Benzinga reports. BWS Financial currently has a $16.00 price objective on the stock.

Separately, Rosenblatt Securities reissued a buy rating and issued a $15.00 price objective on shares of Adeia in a research note on Thursday, June 20th.

Adeia Trading Up 0.5 %

Adeia stock opened at $11.09 on Thursday. Adeia has a 52 week low of $8.11 and a 52 week high of $13.39. The company has a debt-to-equity ratio of 1.46, a quick ratio of 2.23 and a current ratio of 2.23. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 32.62 and a beta of 1.47. The company has a 50 day moving average price of $11.23 and a 200 day moving average price of $11.22.

Adeia Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, August 27th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date is Tuesday, August 27th. Adeia’s dividend payout ratio (DPR) is presently 58.82%.

Institutional Trading of Adeia

A number of institutional investors have recently bought and sold shares of the company. Parkside Financial Bank & Trust lifted its holdings in shares of Adeia by 55.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 3,638 shares of the company’s stock valued at $45,000 after buying an additional 1,291 shares during the last quarter. Innealta Capital LLC acquired a new position in shares of Adeia during the 2nd quarter worth $47,000. EMC Capital Management raised its holdings in shares of Adeia by 27.8% during the 1st quarter. EMC Capital Management now owns 10,856 shares of the company’s stock valued at $119,000 after purchasing an additional 2,360 shares in the last quarter. Aristides Capital LLC acquired a new stake in shares of Adeia in the 1st quarter valued at $213,000. Finally, O Shaughnessy Asset Management LLC boosted its holdings in Adeia by 35.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 20,480 shares of the company’s stock worth $224,000 after purchasing an additional 5,316 shares in the last quarter. Institutional investors and hedge funds own 97.36% of the company’s stock.

About Adeia

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.