Adeia’s (ADEA) Buy Rating Reiterated at BWS Financial

BWS Financial reaffirmed their buy rating on shares of Adeia (NASDAQ:ADEAFree Report) in a report published on Monday morning,Benzinga reports. They currently have a $16.00 price target on the stock.

Separately, Rosenblatt Securities boosted their price objective on shares of Adeia from $15.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, December 12th.

Check Out Our Latest Analysis on Adeia

Adeia Trading Up 0.3 %

Shares of Adeia stock opened at $12.91 on Monday. Adeia has a 1 year low of $9.68 and a 1 year high of $14.75. The company’s fifty day simple moving average is $13.08 and its 200-day simple moving average is $12.24. The company has a market cap of $1.41 billion, a price-to-earnings ratio of 35.86 and a beta of 1.39. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.55%. The ex-dividend date was Wednesday, November 27th. Adeia’s payout ratio is presently 55.56%.

Institutional Investors Weigh In On Adeia

Institutional investors have recently bought and sold shares of the business. Algert Global LLC bought a new position in shares of Adeia during the 2nd quarter worth about $122,000. Hohimer Wealth Management LLC acquired a new position in Adeia in the third quarter worth about $190,000. Seizert Capital Partners LLC bought a new position in Adeia during the third quarter worth about $197,000. Zacks Investment Management boosted its holdings in Adeia by 51.5% during the third quarter. Zacks Investment Management now owns 17,357 shares of the company’s stock valued at $207,000 after purchasing an additional 5,902 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Adeia during the third quarter valued at approximately $253,000. Institutional investors and hedge funds own 97.36% of the company’s stock.

About Adeia

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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.

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