Adeia (NASDAQ:ADEA) Given Buy Rating at BWS Financial

BWS Financial restated their buy rating on shares of Adeia (NASDAQ:ADEA) in a research report released on Monday morning,Benzinga reports. BWS Financial currently has a $16.00 target price on the stock.

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

Adeia Price Performance

Adeia stock opened at $11.67 on Monday. The stock’s fifty day moving average price is $12.11 and its two-hundred day moving average price is $11.61. Adeia has a one year low of $9.05 and a one year high of $14.24. The company has a debt-to-equity ratio of 1.32, a current ratio of 3.42 and a quick ratio of 3.00. The firm has a market cap of $1.27 billion, a PE ratio of 32.22 and a beta of 1.44.

Adeia Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend is Wednesday, November 27th. Adeia’s dividend payout ratio (DPR) is 55.56%.

Institutional Investors Weigh In On Adeia

Several hedge funds have recently modified their holdings of the company. LSV Asset Management raised its position in shares of Adeia by 11.6% in the 2nd quarter. LSV Asset Management now owns 3,755,894 shares of the company’s stock worth $42,010,000 after acquiring an additional 390,836 shares in the last quarter. Boston Partners raised its position in shares of Adeia by 16.5% in the 1st quarter. Boston Partners now owns 2,296,116 shares of the company’s stock worth $24,761,000 after acquiring an additional 325,342 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Adeia by 6.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,748,258 shares of the company’s stock worth $30,737,000 after acquiring an additional 159,254 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Adeia by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 14,117,819 shares of the company’s stock worth $154,167,000 after acquiring an additional 132,718 shares in the last quarter. Finally, Skylands Capital LLC raised its position in shares of Adeia by 99.7% in the 2nd quarter. Skylands Capital LLC now owns 207,950 shares of the company’s stock worth $2,327,000 after acquiring an additional 103,817 shares in the last quarter. Institutional investors and hedge funds own 97.36% of the company’s stock.

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.