BWS Financial Issues Optimistic Estimate for Adeia Earnings

Adeia Inc. (NASDAQ:ADEA - Free Report) - BWS Financial upped their Q1 2025 EPS estimates for Adeia in a research report issued on Wednesday, December 4th. BWS Financial analyst H. Khorsand now anticipates that the company will post earnings of $0.23 per share for the quarter, up from their prior estimate of $0.20. BWS Financial has a "Buy" rating and a $16.00 price target on the stock. The consensus estimate for Adeia's current full-year earnings is $0.99 per share. BWS Financial also issued estimates for Adeia's Q2 2025 earnings at $0.28 EPS, Q3 2025 earnings at $0.32 EPS, Q4 2025 earnings at $0.27 EPS and FY2025 earnings at $1.09 EPS.

Separately, Rosenblatt Securities reaffirmed a "buy" rating and issued a $15.00 price target on shares of Adeia in a research note on Friday, November 8th.

Adeia Trading Up 2.2 %

Shares of ADEA stock traded up $0.29 on Friday, hitting $13.36. The stock had a trading volume of 523,742 shares, compared to its average volume of 546,182. The company has a current ratio of 3.42, a quick ratio of 3.42 and a debt-to-equity ratio of 1.32. Adeia has a twelve month low of $9.46 and a twelve month high of $14.24. The company has a fifty day moving average price of $12.21 and a two-hundred day moving average price of $11.77. The firm has a market cap of $1.46 billion, a P/E ratio of 37.11 and a beta of 1.42.

Hedge Funds Weigh In On Adeia

Several hedge funds have recently made changes to their positions in ADEA. Wedge Capital Management L L P NC raised its stake in shares of Adeia by 0.9% during the 2nd quarter. Wedge Capital Management L L P NC now owns 100,905 shares of the company's stock worth $1,129,000 after purchasing an additional 875 shares in the last quarter. Gallacher Capital Management LLC raised its position in Adeia by 5.2% during the second quarter. Gallacher Capital Management LLC now owns 23,803 shares of the company's stock worth $266,000 after acquiring an additional 1,186 shares in the last quarter. Louisiana State Employees Retirement System lifted its stake in Adeia by 2.8% in the second quarter. Louisiana State Employees Retirement System now owns 54,600 shares of the company's stock valued at $611,000 after acquiring an additional 1,500 shares during the last quarter. Rhumbline Advisers grew its position in shares of Adeia by 0.6% in the 2nd quarter. Rhumbline Advisers now owns 321,762 shares of the company's stock valued at $3,599,000 after acquiring an additional 1,904 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Adeia by 3.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 100,353 shares of the company's stock valued at $1,096,000 after acquiring an additional 3,793 shares during the period. 97.36% of the stock is owned by institutional investors.

Adeia Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be given a dividend of $0.05 per share. The ex-dividend date is Wednesday, November 27th. This represents a $0.20 annualized dividend and a dividend yield of 1.50%. Adeia's dividend payout ratio is currently 55.56%.

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.