Adeia Inc. (NASDAQ:ADEA) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lessened its position in Adeia Inc. (NASDAQ:ADEA - Free Report) by 36.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,030 shares of the company's stock after selling 32,035 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.05% of Adeia worth $797,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. KBC Group NV increased its position in 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. Algert Global LLC acquired a new position in Adeia during the second quarter worth approximately $122,000. Linden Thomas Advisory Services LLC acquired a new position in Adeia during the fourth quarter worth approximately $142,000. Hohimer Wealth Management LLC acquired a new position in Adeia during the third quarter worth approximately $190,000. Finally, Seizert Capital Partners LLC acquired a new position in Adeia during the third quarter worth approximately $197,000. Institutional investors and hedge funds own 97.36% of the company's stock.

Adeia Trading Down 0.6 %

ADEA traded down $0.08 during trading on Friday, hitting $12.69. 418,248 shares of the company's stock were exchanged, compared to its average volume of 412,630. 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 Inc. has a 1 year low of $9.68 and a 1 year high of $14.75. The stock has a 50 day moving average price of $13.40 and a 200 day moving average price of $12.42. The firm has a market cap of $1.39 billion, a P/E ratio of 35.25 and a beta of 1.37.

Analyst Upgrades and Downgrades

ADEA has been the subject of several research analyst reports. Rosenblatt Securities upped their price target on shares of Adeia from $15.00 to $18.00 and gave the stock a "buy" rating in a research report on Thursday, December 12th. BWS Financial reaffirmed a "buy" rating and set a $16.00 price target on shares of Adeia in a research report on Monday, January 13th.

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.