Adeia (NASDAQ:ADEA) Announces Earnings Results

Adeia (NASDAQ:ADEA - Get Free Report) released its earnings results on Tuesday. The company reported $0.42 earnings per share for the quarter, meeting analysts' consensus estimates of $0.42, Zacks reports. The firm 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 period in the prior year, the company posted $0.27 EPS. Adeia updated its FY 2025 guidance to EPS.

Adeia Price Performance

Shares of ADEA stock traded up $0.11 on Friday, hitting $17.23. 1,422,899 shares of the company's stock were exchanged, compared to its average volume of 554,811. The company has a debt-to-equity ratio of 1.15, a current ratio of 3.53 and a quick ratio of 3.42. Adeia has a 12 month low of $9.68 and a 12 month high of $17.46. The stock has a market cap of $1.88 billion, a P/E ratio of 30.23 and a beta of 1.37. The company has a 50 day moving average of $13.52 and a 200 day moving average of $12.58.

Adeia Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.20 annualized dividend and a dividend yield of 1.16%. Adeia's dividend payout ratio is currently 35.09%.

Analysts Set New Price Targets

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

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.