Adeia Inc. (NASDAQ:ADEA) Holdings Raised by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its position in shares of Adeia Inc. (NASDAQ:ADEA) by 3.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 965,423 shares of the company’s stock after acquiring an additional 33,845 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Adeia were worth $11,498,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Innealta Capital LLC acquired a new position in Adeia in the second quarter valued at approximately $47,000. Algert Global LLC acquired a new position in Adeia during the 2nd quarter valued at approximately $122,000. Seizert Capital Partners LLC bought a new position in Adeia during the 3rd quarter worth $197,000. SG Americas Securities LLC acquired a new stake in Adeia in the second quarter worth $227,000. Finally, Gallacher Capital Management LLC lifted its stake in Adeia by 5.2% in the second quarter. Gallacher Capital Management LLC now owns 23,803 shares of the company’s stock valued at $266,000 after buying an additional 1,186 shares during the last quarter. 97.36% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ADEA has been the subject of several recent research reports. BWS Financial restated a “buy” rating and set a $16.00 price target on shares of Adeia in a research report on Wednesday, December 4th. Rosenblatt Securities restated a “buy” rating and issued a $15.00 target price on shares of Adeia in a research report on Friday, November 8th.

Adeia Stock Up 2.2 %

Shares of Adeia stock opened at $13.36 on Monday. Adeia Inc. has a 1-year low of $9.46 and a 1-year high of $14.24. The company has a market capitalization of $1.46 billion, a P/E ratio of 37.11 and a beta of 1.42. The business’s fifty day moving average price is $12.21 and its two-hundred day moving average price is $11.77. The company has a debt-to-equity ratio of 1.32, a current ratio of 3.42 and a quick ratio of 3.42.

Adeia Dividend Announcement

The business 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 $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.50%. The ex-dividend date is Wednesday, November 27th. Adeia’s payout ratio is currently 55.56%.

Adeia 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.