Robeco Institutional Asset Management B.V. Has $1.06 Million Stock Holdings in Adeia Inc. (NASDAQ:ADEA)

Robeco Institutional Asset Management B.V. lifted its holdings in shares of Adeia Inc. (NASDAQ:ADEA - Free Report) by 169.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 89,065 shares of the company's stock after purchasing an additional 55,979 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.08% of Adeia worth $1,061,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Stephens Inc. AR raised its stake in Adeia by 5.3% in the third quarter. Stephens Inc. AR now owns 593,636 shares of the company's stock valued at $7,070,000 after purchasing an additional 29,889 shares in the last quarter. Wedge Capital Management L L P NC raised its position in shares of Adeia by 4.2% in the 3rd quarter. Wedge Capital Management L L P NC now owns 105,188 shares of the company's stock valued at $1,253,000 after buying an additional 4,283 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of Adeia by 243.7% during the 3rd quarter. SG Americas Securities LLC now owns 69,627 shares of the company's stock worth $829,000 after acquiring an additional 49,367 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of Adeia during the 2nd quarter worth approximately $404,000. Finally, Systematic Financial Management LP increased its stake in Adeia by 1.4% in the second quarter. Systematic Financial Management LP now owns 1,846,460 shares of the company's stock valued at $20,653,000 after acquiring an additional 25,796 shares during the last quarter. 97.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ADEA. Rosenblatt Securities restated a "buy" rating and set a $15.00 price objective on shares of Adeia in a research report on Friday. BWS Financial reissued a "buy" rating and issued a $16.00 target price on shares of Adeia in a report on Monday.

Adeia Price Performance

Shares of ADEA traded up $0.44 during trading hours on Monday, reaching $11.96. The stock had a trading volume of 724,639 shares, compared to its average volume of 478,632. The company has a debt-to-equity ratio of 1.42, a quick ratio of 3.00 and a current ratio of 3.00. Adeia Inc. has a 12 month low of $9.00 and a 12 month high of $14.24. The stock has a market capitalization of $1.30 billion, a PE ratio of 33.22 and a beta of 1.44. The company's 50-day moving average is $12.11 and its two-hundred day moving average is $11.60.

Adeia Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be given a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.20 annualized dividend and a yield of 1.67%. Adeia's dividend payout ratio is presently 55.56%.

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.