Adeia Inc. $ADEA Shares Bought by Stephens Inc. AR

Stephens Inc. AR lifted its holdings in shares of Adeia Inc. (NASDAQ:ADEA) by 3.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 620,938 shares of the company’s stock after buying an additional 22,954 shares during the quarter. Stephens Inc. AR owned approximately 0.57% of Adeia worth $8,780,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. The Manufacturers Life Insurance Company raised its stake in shares of Adeia by 6.8% during the 1st quarter. The Manufacturers Life Insurance Company now owns 2,317,585 shares of the company’s stock worth $30,638,000 after buying an additional 147,971 shares during the period. Wellington Management Group LLP raised its stake in shares of Adeia by 11.0% during the 1st quarter. Wellington Management Group LLP now owns 1,229,245 shares of the company’s stock worth $16,251,000 after buying an additional 121,424 shares during the period. Invesco Ltd. raised its stake in shares of Adeia by 122.2% during the 1st quarter. Invesco Ltd. now owns 961,356 shares of the company’s stock worth $12,709,000 after buying an additional 528,617 shares during the period. Nuveen LLC acquired a new position in shares of Adeia during the 1st quarter worth approximately $11,622,000. Finally, Principal Financial Group Inc. raised its stake in shares of Adeia by 2.4% during the 1st quarter. Principal Financial Group Inc. now owns 545,317 shares of the company’s stock worth $7,209,000 after buying an additional 12,608 shares during the period. 97.36% of the stock is owned by institutional investors and hedge funds.

Adeia Stock Up 1.4%

Shares of ADEA opened at $16.79 on Tuesday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 3.09 and a current ratio of 3.09. Adeia Inc. has a one year low of $10.59 and a one year high of $18.25. The stock has a market capitalization of $1.84 billion, a price-to-earnings ratio of 22.69 and a beta of 1.74. The stock has a 50 day moving average price of $15.95 and a 200 day moving average price of $14.17.

Adeia Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, August 26th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.2%. The ex-dividend date was Tuesday, August 26th. Adeia’s dividend payout ratio is presently 27.03%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ADEA. Wall Street Zen downgraded Adeia from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. BWS Financial reiterated a “buy” rating and set a $18.00 price target on shares of Adeia in a research report on Monday, October 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Adeia in a research report on Wednesday, October 8th. Finally, Zacks Research cut Adeia from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $19.50.

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.