Thompson Siegel & Walmsley LLC cut its holdings in shares of Adeia Inc. (NASDAQ:ADEA - Free Report) by 22.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 646,520 shares of the company's stock after selling 192,563 shares during the period. Thompson Siegel & Walmsley LLC owned approximately 0.59% of Adeia worth $9,038,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Royce & Associates LP lifted its position in shares of Adeia by 22.2% during the 3rd quarter. Royce & Associates LP now owns 277,630 shares of the company's stock valued at $3,307,000 after acquiring an additional 50,512 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of Adeia by 5.3% during the third quarter. Empowered Funds LLC now owns 132,316 shares of the company's stock valued at $1,576,000 after purchasing an additional 6,700 shares during the last quarter. Seizert Capital Partners LLC acquired a new position in shares of Adeia in the 3rd quarter valued at $197,000. Quest Partners LLC increased its stake in Adeia by 76,084.3% in the 3rd quarter. Quest Partners LLC now owns 38,854 shares of the company's stock worth $463,000 after purchasing an additional 38,803 shares in the last quarter. Finally, Intech Investment Management LLC raised its holdings in Adeia by 320.5% during the 3rd quarter. Intech Investment Management LLC now owns 128,333 shares of the company's stock worth $1,528,000 after buying an additional 97,815 shares during the period. 97.36% of the stock is currently owned by institutional investors.
Adeia Stock Down 2.1 %
Shares of NASDAQ ADEA traded down $0.29 during mid-day trading on Tuesday, reaching $13.60. The company had a trading volume of 658,311 shares, compared to its average volume of 484,669. The company has a debt-to-equity ratio of 1.15, a quick ratio of 3.53 and a current ratio of 3.53. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of 23.86 and a beta of 1.44. The stock has a fifty day moving average of $13.91 and a two-hundred day moving average of $13.03. Adeia Inc. has a 12-month low of $9.68 and a 12-month high of $17.46.
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 analysts' consensus estimates of $0.42. Adeia had a net margin of 17.19% and a return on equity of 32.81%. The company had revenue of $119.17 million during the quarter, compared to the consensus estimate of $114.22 million. During the same quarter in the prior year, the firm earned $0.27 EPS. As a group, equities research analysts expect that Adeia Inc. will post 1.09 EPS for the current year.
Adeia Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be paid a $0.05 dividend. The ex-dividend date is Monday, March 10th. This represents a $0.20 dividend on an annualized basis and a yield of 1.47%. Adeia's dividend payout ratio (DPR) is currently 35.09%.
Analyst Ratings Changes
Several research analysts have commented on the stock. Rosenblatt Securities reiterated a "buy" rating and issued a $20.00 target price on shares of Adeia in a report on Friday, February 28th. BWS Financial lifted their price objective on shares of Adeia from $16.00 to $18.00 and gave the stock a "buy" rating in a research report on Wednesday, February 19th. Finally, Maxim Group increased their target price on Adeia from $15.00 to $17.00 and gave the company a "buy" rating in a report on Wednesday, February 19th.
Read Our Latest Stock Analysis on ADEA
Adeia Profile
(
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.
Featured Articles
Before you consider Adeia, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Adeia wasn't on the list.
While Adeia currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
