Adeia (ADEA) Stock Price, News & Analysis

Company Overview

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. It also licenses consumer electronics manufacturers, which includes producers of smart televisions, streaming media devices, video game consoles, mobile devices, content storage devices, and other connected media devices; semiconductors, including providers of sensors, radio frequency components, memory, and logic devices; and social media companies that allow users to stream and upload user-generated content. The company licenses its innovations under the Adeia brand name. Adeia Inc. was formerly known as Xperi Corporation and changed its name to Adeia Inc. in December 2019. The company was incorporated in 2019 and is headquartered in San Jose, California.

Key Stats

• Today's Range: $11.99 to $12.33
• 50-Day Range: $11.43 to $14.09
• 52-Week Range: $9.05 to $14.24
• Volume: 397,439 shs
• Average Volume: 480,990 shs
• Market Capitalization: $1.32 billion
• P/E Ratio: 33.47
• Dividend Yield: 1.66%
• Price Target: $15.50
• Consensus Rating: Buy

Adeia Stock Analysis - MarketRank™

Adeia scored higher than 71% of companies evaluated by MarketBeat, and ranked 85th out of 321 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Adeia has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Adeia has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: -2.02%

Earnings Growth

Earnings for Adeia are expected to decrease by -2.02% in the coming year, from $0.99 to $0.97 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Adeia is 33.47, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.99.

Price to Earnings Ratio vs. Sector

The P/E ratio of Adeia is 33.47, which means that it is trading at a more expensive P/E ratio than the Business Services sector average P/E ratio of about 29.62.

Price to Book Value per Share Ratio

Adeia has a P/B Ratio of 3.48. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.02% of the float of Adeia has been sold short.

Short Interest Ratio / Days to Cover

Adeia has a short interest ratio ("days to cover") of 7.6.

Change versus previous month

Short interest in Adeia has recently decreased by 1.60%, indicating that investor sentiment is improving.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Adeia pays a meaningful dividend of 1.74%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Adeia does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Adeia is 55.56%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Adeia will have a dividend payout ratio of 20.62% next year. This indicates that Adeia will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

3.02% of the float of Adeia has been sold short.

Short Interest Ratio / Days to Cover

Adeia has a short interest ratio ("days to cover") of 7.6.

Change versus previous month

Short interest in Adeia has recently decreased by 1.60%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.9 / 5
• News Sentiment: 1.13

News Sentiment

Adeia has a news sentiment score of 1.13. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.60 average news sentiment score of Business Services companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Adeia this week, compared to 3 articles on an average week.

Search Interest

Only 4 people have searched for ADEA on MarketBeat in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Adeia insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.40% of the stock of Adeia is held by insiders.

Percentage Held by Institutions

97.36% of the stock of Adeia is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

ADEA Stock Analysis - Frequently Asked Questions

How have ADEA shares performed this year?

Adeia's stock was trading at $12.39 at the start of the year. Since then, ADEA stock has decreased by 2.7% and is now trading at $12.05.
View the best growth stocks for 2024 here.

Who are Adeia's major shareholders?

Adeia's top institutional shareholders include State Street Corp (3.99%), Pacer Advisors Inc. (3.71%), Harvey Partners LLC (2.80%) and Geode Capital Management LLC (2.40%).
View institutional ownership trends.

How do I buy shares of Adeia?

Shares of ADEA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Adeia own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Adeia investors own include American Water Works (AWK), Waste Connections (WCN), The RMR Group (RMR), DiamondRock Hospitality (DRH), AUO (AUOTY), iShares Micro-Cap ETF (IWC) and Voyager Therapeutics (VYGR).

Company Calendar

• Ex-Dividend for 9/17 Dividend: 8/27/2024
• Dividend Payable: 9/17/2024
• Today: 11/23/2024
• Ex-Dividend for 12/18 Dividend: 11/27/2024
• Dividend Payable: 12/18/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/18/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Business Services
• Industry: Cable & other pay television services
• Sub-Industry: N/A
• Current Symbol: NASDAQ:ADEA
• CUSIP: N/A
• CIK: 1803696
• Web: www.xperi.com
• Phone: 408-473-2500
• Fax: 408-321-8257
• Employees: 130
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $15.50
• High Stock Price Target: $16.00
• Low Stock Price Target: $15.00
• Potential Upside/Downside: +28.6%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.36
• Trailing P/E Ratio: 33.47
• Forward P/E Ratio: 12.17
• P/E Growth: N/A
• Net Income: $67.37 million
• Net Margins: 12.01%
• Pretax Margin: 12.84%
• Return on Equity: 28.37%
• Return on Assets: 9.44%

Debt

• Debt-to-Equity Ratio: 1.32
• Current Ratio: 3.42
• Quick Ratio: 3.42

Sales & Book Value

• Annual Sales: $388.79 million
• Price / Sales: 3.39
• Cash Flow: $2.38 per share
• Price / Cash Flow: 5.06
• Book Value: $3.46 per share
• Price / Book: 3.48

Miscellaneous

• Outstanding Shares: 109,260,000
• Free Float: 108,828,000
• Market Cap: $1.32 billion
• Optionable: Optionable
• Beta: 1.44