Charles Schwab Investment Management Inc. raised its holdings in Adeia Inc. (NASDAQ:ADEA - Free Report) by 3.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 995,908 shares of the company's stock after buying an additional 30,485 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.91% of Adeia worth $13,923,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of the business. KBC Group NV grew its holdings in shares of Adeia by 74.6% during the fourth quarter. KBC Group NV now owns 6,968 shares of the company's stock worth $97,000 after purchasing an additional 2,977 shares during the last quarter. Linden Thomas Advisory Services LLC purchased a new stake in Adeia in the fourth quarter valued at approximately $142,000. Hohimer Wealth Management LLC acquired a new stake in shares of Adeia in the third quarter valued at approximately $190,000. Zacks Investment Management grew its position in shares of Adeia by 51.5% during the third quarter. Zacks Investment Management now owns 17,357 shares of the company's stock worth $207,000 after acquiring an additional 5,902 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Adeia in the 3rd quarter valued at $253,000. Institutional investors and hedge funds own 97.36% of the company's stock.
Adeia Trading Up 2.5 %
NASDAQ ADEA traded up $0.35 during mid-day trading on Tuesday, reaching $14.23. 726,998 shares of the stock were exchanged, compared to its average volume of 493,144. The stock has a market capitalization of $1.53 billion, a PE ratio of 24.97 and a beta of 1.44. The company has a debt-to-equity ratio of 1.15, a quick ratio of 3.53 and a current ratio of 3.53. Adeia Inc. has a 1-year low of $9.68 and a 1-year high of $17.46. The business's fifty day simple moving average is $13.95 and its 200 day simple moving average is $13.08.
Adeia (NASDAQ:ADEA - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $0.42 EPS for the quarter, meeting analysts' consensus estimates of $0.42. Adeia had a return on equity of 32.81% and a net margin of 17.19%. The business had revenue of $119.17 million during the quarter, compared to the consensus estimate of $114.22 million. During the same quarter in the previous year, the business earned $0.27 earnings per share. On average, research analysts anticipate that Adeia Inc. will post 1.09 earnings per share for the current fiscal year.
Adeia Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be paid a dividend of $0.05 per share. The ex-dividend date is Monday, March 10th. This represents a $0.20 annualized dividend and a yield of 1.41%. Adeia's dividend payout ratio is currently 35.09%.
Wall Street Analyst Weigh In
Several research firms have commented on ADEA. Rosenblatt Securities reaffirmed a "buy" rating and set a $20.00 price objective on shares of Adeia in a research note on Friday, February 28th. Maxim Group lifted their target price on shares of Adeia from $15.00 to $17.00 and gave the company a "buy" rating in a report on Wednesday, February 19th. Finally, BWS Financial raised their price objective on shares of Adeia from $16.00 to $18.00 and gave the company a "buy" rating in a research report on Wednesday, February 19th.
Read Our Latest Stock Analysis on Adeia
About Adeia
(
Free Report)
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.
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