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

Stephens Inc. AR boosted its position in Adeia Inc. (NASDAQ:ADEA) by 7.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 671,609 shares of the company’s stock after acquiring an additional 45,344 shares during the quarter. Stephens Inc. AR’s holdings in Adeia were worth $11,585,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Quarry LP raised its holdings 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 acquiring an additional 1,127 shares in the last quarter. IFP Advisors Inc acquired a new stake in Adeia during the third quarter worth approximately $28,000. Osaic Holdings Inc. raised its holdings in 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 raised its holdings in 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 Adeia during the third quarter worth approximately $56,000. Institutional investors and hedge funds own 97.36% of the company’s stock.

Adeia Stock Performance

Shares of ADEA opened at $29.88 on Friday. The company has a current ratio of 3.44, a quick ratio of 3.44 and a debt-to-equity ratio of 0.79. The firm has a market cap of $3.30 billion, a PE ratio of 27.67 and a beta of 1.48. The company’s 50 day simple moving average is $26.59 and its 200-day simple moving average is $19.97. Adeia Inc. has a 12-month low of $11.61 and a 12-month high of $34.34.

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

Adeia Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Zacks Research raised shares of Adeia from a “hold” rating to a “strong-buy” rating in a report on Monday, April 27th. Rosenblatt Securities reissued a “buy” rating and set a $40.00 price objective on shares of Adeia in a report on Tuesday, May 5th. Roth Mkm reissued a “buy” rating and set a $43.00 price objective on shares of Adeia in a report on Tuesday, May 5th. Wall Street Zen cut shares of Adeia from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, BWS Financial reissued a “buy” rating and set a $30.00 price objective on shares of Adeia in a report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, Adeia presently has a consensus rating of “Buy” and a consensus target price of $33.60.

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.