Adeia (NASDAQ:ADEA) Price Target Raised to $18.00

Adeia (NASDAQ:ADEA - Get Free Report) had its price target raised by equities researchers at Rosenblatt Securities from $15.00 to $18.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Rosenblatt Securities' target price indicates a potential upside of 25.87% from the stock's current price.

Separately, BWS Financial restated a "buy" rating and set a $16.00 target price on shares of Adeia in a report on Wednesday, December 4th.

Adeia Price Performance

Shares of ADEA traded up $0.41 on Thursday, hitting $14.30. The company's stock had a trading volume of 606,008 shares, compared to its average volume of 483,689. The company has a market capitalization of $1.56 billion, a PE ratio of 38.58 and a beta of 1.42. Adeia has a fifty-two week low of $9.68 and a fifty-two week high of $14.50. The company has a 50 day moving average price of $12.32 and a 200 day moving average price of $11.81. The company has a debt-to-equity ratio of 1.32, a current ratio of 3.42 and a quick ratio of 3.42.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ADEA. Innealta Capital LLC bought a new stake in shares of Adeia during the second quarter worth $47,000. Algert Global LLC acquired a new stake in Adeia in the second quarter worth about $122,000. Hohimer Wealth Management LLC bought a new stake in Adeia during the 3rd quarter worth about $190,000. Seizert Capital Partners LLC bought a new position in shares of Adeia in the 3rd quarter valued at about $197,000. Finally, Zacks Investment Management boosted its stake in shares of Adeia by 51.5% in the 3rd quarter. Zacks Investment Management now owns 17,357 shares of the company's stock valued at $207,000 after purchasing an additional 5,902 shares during the last quarter. 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.