Adeia Inc. (NASDAQ:ADEA) Holdings Raised by Barclays PLC

Barclays PLC increased its stake in Adeia Inc. (NASDAQ:ADEA) by 51.9% during the third quarter, HoldingsChannel reports. The firm owned 228,967 shares of the company’s stock after acquiring an additional 78,276 shares during the period. Barclays PLC’s holdings in Adeia were worth $2,728,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ADEA. Jane Street Group LLC increased its position in shares of Adeia by 66.2% in the third quarter. Jane Street Group LLC now owns 199,812 shares of the company’s stock worth $2,380,000 after acquiring an additional 79,565 shares in the last quarter. Select Equity Group L.P. grew its position in Adeia by 12.6% during the 2nd quarter. Select Equity Group L.P. now owns 653,425 shares of the company’s stock worth $7,309,000 after purchasing an additional 73,204 shares in the last quarter. Harvey Partners LLC raised its stake in Adeia by 5.8% during the 3rd quarter. Harvey Partners LLC now owns 3,052,000 shares of the company’s stock valued at $36,349,000 after purchasing an additional 168,000 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Adeia by 243.7% in the third quarter. SG Americas Securities LLC now owns 69,627 shares of the company’s stock valued at $829,000 after purchasing an additional 49,367 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its position in shares of Adeia by 24.1% in the second quarter. Mackenzie Financial Corp now owns 68,340 shares of the company’s stock worth $764,000 after buying an additional 13,290 shares during the period. Institutional investors and hedge funds own 97.36% of the company’s stock.

Adeia Trading Up 0.4 %

Adeia stock opened at $13.74 on Wednesday. Adeia Inc. has a 12 month low of $9.68 and a 12 month high of $14.75. The company has a quick ratio of 3.42, a current ratio of 3.42 and a debt-to-equity ratio of 1.32. The stock has a market cap of $1.50 billion, a P/E ratio of 38.17 and a beta of 1.42. The company’s fifty day simple moving average is $12.70 and its 200-day simple moving average is $11.94.

Adeia Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th were paid a $0.05 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $0.20 dividend on an annualized basis and a yield of 1.46%. Adeia’s dividend payout ratio (DPR) is currently 55.56%.

Analyst Ratings Changes

Several research analysts recently weighed in on ADEA shares. BWS Financial reissued a “buy” rating and set a $16.00 price target on shares of Adeia in a research report on Wednesday, December 4th. Rosenblatt Securities increased 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.

About Adeia

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.