Adeia (NASDAQ:ADEA) Receives Buy Rating from BWS Financial

Adeia (NASDAQ:ADEA - Get Free Report)'s stock had its "buy" rating restated by investment analysts at BWS Financial in a note issued to investors on Monday,Benzinga reports. They currently have a $16.00 price target on the stock. BWS Financial's price objective points to a potential upside of 33.78% from the stock's current price.

Separately, Rosenblatt Securities restated a "buy" rating and issued a $15.00 price objective on shares of Adeia in a research note on Friday.

Adeia Stock Performance

NASDAQ:ADEA traded up $0.44 during trading on Monday, reaching $11.96. The company's stock had a trading volume of 724,639 shares, compared to its average volume of 478,632. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 33.22 and a beta of 1.44. The company has a debt-to-equity ratio of 1.42, a quick ratio of 3.00 and a current ratio of 3.00. The firm has a 50 day moving average of $12.11 and a 200-day moving average of $11.60. Adeia has a 12 month low of $9.00 and a 12 month high of $14.24.

Institutional Trading of Adeia

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in Adeia by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 14,117,819 shares of the company's stock worth $154,167,000 after purchasing an additional 132,718 shares in the last quarter. LSV Asset Management lifted its holdings in Adeia by 11.6% during the 2nd quarter. LSV Asset Management now owns 3,755,894 shares of the company's stock worth $42,010,000 after purchasing an additional 390,836 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Adeia by 6.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,748,258 shares of the company's stock worth $30,737,000 after purchasing an additional 159,254 shares in the last quarter. Boston Partners lifted its holdings in Adeia by 16.5% during the 1st quarter. Boston Partners now owns 2,296,116 shares of the company's stock worth $24,761,000 after purchasing an additional 325,342 shares in the last quarter. Finally, Systematic Financial Management LP lifted its holdings in Adeia by 1.4% during the 2nd quarter. Systematic Financial Management LP now owns 1,846,460 shares of the company's stock worth $20,653,000 after purchasing an additional 25,796 shares in the last quarter. Hedge funds and other institutional investors own 97.36% of the company's stock.

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.