Thompson Siegel & Walmsley LLC Has $9.99 Million Stake in Adeia Inc. (NASDAQ:ADEA)

Thompson Siegel & Walmsley LLC lessened its position in Adeia Inc. (NASDAQ:ADEA - Free Report) by 12.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 839,083 shares of the company's stock after selling 117,304 shares during the period. Thompson Siegel & Walmsley LLC owned about 0.77% of Adeia worth $9,993,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. ProShare Advisors LLC raised its holdings in shares of Adeia by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 21,579 shares of the company's stock worth $236,000 after purchasing an additional 1,483 shares during the period. 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 buying an additional 132,718 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in Adeia by 35.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 20,480 shares of the company's stock worth $224,000 after purchasing an additional 5,316 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Adeia by 3.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 100,353 shares of the company's stock worth $1,096,000 after acquiring an additional 3,793 shares during the period. Finally, Aristides Capital LLC bought a new stake in shares of Adeia in the 1st quarter worth approximately $213,000. Hedge funds and other institutional investors own 97.36% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on ADEA shares. Rosenblatt Securities reissued a "buy" rating and set a $15.00 price target on shares of Adeia in a report on Friday, November 8th. BWS Financial reaffirmed a "buy" rating and issued a $16.00 price target on shares of Adeia in a research note on Monday, November 11th.

Adeia Stock Down 0.4 %

Adeia stock traded down $0.05 during mid-day trading on Friday, hitting $12.05. 397,439 shares of the company's stock were exchanged, compared to its average volume of 480,990. Adeia Inc. has a 1-year low of $9.05 and a 1-year high of $14.24. The stock has a 50 day moving average of $12.13 and a two-hundred day moving average of $11.67. The stock has a market cap of $1.32 billion, a P/E ratio of 33.61 and a beta of 1.44. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be paid a dividend of $0.05 per share. The ex-dividend date is Wednesday, November 27th. This represents a $0.20 dividend on an annualized basis and a yield of 1.66%. Adeia's dividend payout ratio is currently 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.