Natixis Advisors LLC Takes Position in Adeia Inc. (NASDAQ:ADEA)

Natixis Advisors LLC purchased a new stake in Adeia Inc. (NASDAQ:ADEA - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,585 shares of the company's stock, valued at approximately $302,000.

A number of other hedge funds have also modified their holdings of ADEA. Jane Street Group LLC grew its holdings in Adeia by 66.2% during the 3rd quarter. Jane Street Group LLC now owns 199,812 shares of the company's stock valued at $2,380,000 after buying an additional 79,565 shares during the last quarter. Handelsbanken Fonder AB lifted its position in shares of Adeia by 20.6% in the fourth quarter. Handelsbanken Fonder AB now owns 22,800 shares of the company's stock valued at $319,000 after acquiring an additional 3,900 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Adeia by 3.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 995,908 shares of the company's stock valued at $13,923,000 after acquiring an additional 30,485 shares in the last quarter. Harvey Partners LLC boosted its stake in shares of Adeia by 5.8% during the third quarter. Harvey Partners LLC now owns 3,052,000 shares of the company's stock valued at $36,349,000 after acquiring an additional 168,000 shares during the last quarter. Finally, Barclays PLC increased its position in Adeia by 51.9% during the 3rd quarter. Barclays PLC now owns 228,967 shares of the company's stock worth $2,728,000 after purchasing an additional 78,276 shares in the last quarter. 97.36% of the stock is owned by hedge funds and other institutional investors.

Adeia Trading Up 0.1 %

NASDAQ:ADEA traded up $0.01 during mid-day trading on Wednesday, reaching $13.43. The company's stock had a trading volume of 419,842 shares, compared to its average volume of 523,221. The company has a debt-to-equity ratio of 1.15, a current ratio of 3.53 and a quick ratio of 3.53. The stock has a market cap of $1.46 billion, a P/E ratio of 23.56 and a beta of 1.44. The company's fifty day simple moving average is $14.04 and its two-hundred day simple moving average is $13.18. Adeia Inc. has a twelve month low of $9.68 and a twelve month high of $17.46.

Remove Ads

Adeia (NASDAQ:ADEA - Get Free Report) last released its earnings results on Tuesday, February 18th. The company reported $0.42 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.42. Adeia had a net margin of 17.19% and a return on equity of 32.81%. The business had revenue of $119.17 million for the quarter, compared to analysts' expectations of $114.22 million. During the same period last year, the company earned $0.27 earnings per share. On average, equities analysts predict that Adeia Inc. will post 1.09 EPS for the current year.

Adeia Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 10th were paid a dividend of $0.05 per share. The ex-dividend date was Monday, March 10th. This represents a $0.20 annualized dividend and a dividend yield of 1.49%. Adeia's dividend payout ratio is presently 35.09%.

Analysts Set New Price Targets

ADEA has been the topic of a number of recent research reports. Rosenblatt Securities restated a "buy" rating and issued a $20.00 target price on shares of Adeia in a report on Friday, February 28th. Maxim Group upped their price objective on shares of Adeia from $15.00 to $17.00 and gave the company a "buy" rating in a research note on Wednesday, February 19th. Finally, BWS Financial lifted their target price on shares of Adeia from $16.00 to $18.00 and gave the stock a "buy" rating in a research note on Wednesday, February 19th.

Adeia 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.