Adeia Inc. (NASDAQ:ADEA) Announces $0.05 Quarterly Dividend

Adeia Inc. (NASDAQ:ADEA - Get Free Report) declared a quarterly dividend on Wednesday, February 19th, Wall Street Journal reports. Stockholders of record on Monday, March 10th will be given a dividend of 0.05 per share on Monday, March 31st. This represents a $0.20 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend is Monday, March 10th.

Adeia Stock Performance

Shares of ADEA stock traded up $0.11 on Friday, hitting $17.23. 1,423,108 shares of the stock were exchanged, compared to its average volume of 568,456. The company has a current ratio of 3.53, a quick ratio of 3.42 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $1.88 billion, a PE ratio of 30.23 and a beta of 1.37. Adeia has a one year low of $9.68 and a one year high of $17.46. The firm's 50 day moving average is $13.58 and its two-hundred day moving average is $12.63.

Adeia (NASDAQ:ADEA - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $0.42 earnings per share for the quarter, hitting the consensus estimate of $0.42. The company had revenue of $119.17 million during the quarter, compared to the consensus estimate of $114.22 million. Adeia had a return on equity of 32.81% and a net margin of 17.19%. During the same quarter in the prior year, the company earned $0.27 EPS. Sell-side analysts expect that Adeia will post 1.09 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on ADEA. Rosenblatt Securities reiterated a "buy" rating and set a $18.00 price target on shares of Adeia in a research note on Tuesday. BWS Financial increased their price objective on Adeia from $16.00 to $18.00 and gave the stock a "buy" rating in a report on Wednesday. Finally, Maxim Group increased their price objective on Adeia from $15.00 to $17.00 and gave the stock a "buy" rating in a report on Wednesday.

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.