Dimensional Fund Advisors LP Purchases 159,254 Shares of Adeia Inc. (NASDAQ:ADEA)

Dimensional Fund Advisors LP raised its position in Adeia Inc. (NASDAQ:ADEA) by 6.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,748,258 shares of the company’s stock after buying an additional 159,254 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Adeia were worth $30,737,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Innealta Capital LLC bought a new stake in Adeia in the 2nd quarter valued at about $47,000. EMC Capital Management boosted its holdings in Adeia by 27.8% in the 1st quarter. EMC Capital Management now owns 10,856 shares of the company’s stock worth $119,000 after buying an additional 2,360 shares during the period. Aristides Capital LLC bought a new position in Adeia in the 1st quarter worth approximately $213,000. SG Americas Securities LLC purchased a new position in Adeia in the 2nd quarter valued at approximately $227,000. Finally, O Shaughnessy Asset Management LLC lifted its position in shares of Adeia by 35.1% during the first quarter. O Shaughnessy Asset Management LLC now owns 20,480 shares of the company’s stock worth $224,000 after acquiring an additional 5,316 shares in the last quarter. Hedge funds and other institutional investors own 97.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on ADEA shares. Rosenblatt Securities reiterated a “buy” rating and issued a $15.00 price target on shares of Adeia in a research report on Thursday, June 20th. BWS Financial reiterated a “buy” rating and set a $16.00 price target on shares of Adeia in a research report on Thursday, September 26th.

Adeia Stock Down 1.4 %

ADEA opened at $11.74 on Wednesday. The firm has a market capitalization of $1.28 billion, a P/E ratio of 34.53 and a beta of 1.46. Adeia Inc. has a one year low of $8.11 and a one year high of $13.39. The company has a fifty day moving average price of $11.68 and a 200-day moving average price of $11.23. The company has a debt-to-equity ratio of 1.42, a current ratio of 3.00 and a quick ratio of 3.00.

Adeia (NASDAQ:ADEA) last announced its earnings results on Tuesday, August 6th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.03. The business had revenue of $87.35 million for the quarter, compared to analyst estimates of $83.74 million. Adeia had a return on equity of 33.28% and a net margin of 12.87%. Equities research analysts expect that Adeia Inc. will post 1.18 earnings per share for the current fiscal year.

Adeia Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, August 27th were given a dividend of $0.05 per share. The ex-dividend date was Tuesday, August 27th. This represents a $0.20 annualized dividend and a yield of 1.70%. Adeia’s payout ratio is presently 58.83%.

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.