What is BWS Financial’s Estimate for Adeia FY2024 Earnings?

Adeia Inc. (NASDAQ:ADEA) – Equities research analysts at BWS Financial lifted their FY2024 earnings per share (EPS) estimates for Adeia in a research note issued on Wednesday, December 4th. BWS Financial analyst H. Khorsand now anticipates that the company will post earnings of $1.10 per share for the year, up from their prior estimate of $0.99. BWS Financial currently has a “Buy” rating and a $16.00 target price on the stock. The consensus estimate for Adeia’s current full-year earnings is $1.10 per share. BWS Financial also issued estimates for Adeia’s Q4 2024 earnings at $0.45 EPS.

Separately, Rosenblatt Securities reissued a “buy” rating and issued a $15.00 price objective on shares of Adeia in a report on Friday, November 8th.

Adeia Stock Performance

NASDAQ:ADEA opened at $13.36 on Monday. The company has a market capitalization of $1.46 billion, a PE ratio of 37.11 and a beta of 1.42. Adeia has a 52-week low of $9.68 and a 52-week high of $14.24. The stock’s 50 day moving average price is $12.24 and its 200 day moving average price is $11.78. The company has a quick ratio of 3.42, a current ratio of 3.42 and a debt-to-equity ratio of 1.32.

Hedge Funds Weigh In On Adeia

A number of hedge funds and other institutional investors have recently made changes to their positions in ADEA. Innealta Capital LLC purchased a new position in shares of Adeia in the 2nd quarter valued at approximately $47,000. Algert Global LLC acquired a new stake in shares of Adeia during the second quarter worth $122,000. Hohimer Wealth Management LLC purchased a new position in Adeia in the 3rd quarter valued at $190,000. Seizert Capital Partners LLC acquired a new position in Adeia in the 3rd quarter valued at $197,000. Finally, Zacks Investment Management raised its position in Adeia by 51.5% during the 3rd quarter. Zacks Investment Management now owns 17,357 shares of the company’s stock worth $207,000 after buying an additional 5,902 shares during the last quarter. Hedge funds and other institutional investors own 97.36% of the company’s stock.

Adeia Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.50%. Adeia’s payout ratio is 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.