SG Americas Securities LLC Sells 63,285 Shares of Adeia Inc. $ADEA

SG Americas Securities LLC lowered its stake in shares of Adeia Inc. (NASDAQ:ADEA) by 86.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,215 shares of the company’s stock after selling 63,285 shares during the quarter. SG Americas Securities LLC’s holdings in Adeia were worth $176,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in ADEA. Quarry LP grew its holdings in Adeia by 245.5% during the 3rd quarter. Quarry LP now owns 1,586 shares of the company’s stock worth $27,000 after acquiring an additional 1,127 shares during the last quarter. IFP Advisors Inc bought a new stake in Adeia during the 3rd quarter worth about $28,000. Osaic Holdings Inc. grew its holdings in Adeia by 714.9% during the 2nd quarter. Osaic Holdings Inc. now owns 2,632 shares of the company’s stock worth $37,000 after acquiring an additional 2,309 shares during the last quarter. CWM LLC grew its holdings in Adeia by 436.0% during the 3rd quarter. CWM LLC now owns 2,444 shares of the company’s stock worth $41,000 after acquiring an additional 1,988 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in Adeia during the 3rd quarter worth about $56,000. Institutional investors own 97.36% of the company’s stock.

Wall Street Analyst Weigh In

ADEA has been the topic of a number of research analyst reports. Zacks Research lowered shares of Adeia from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 26th. Maxim Group increased their price objective on shares of Adeia from $17.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, December 23rd. Roth Mkm increased their price objective on shares of Adeia from $27.00 to $34.00 and gave the stock a “buy” rating in a report on Monday, March 16th. UBS Group set a $20.00 price objective on shares of Adeia in a report on Tuesday, December 23rd. Finally, BWS Financial reissued a “buy” rating and set a $30.00 price objective on shares of Adeia in a report on Monday, March 9th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Adeia currently has an average rating of “Moderate Buy” and an average price target of $28.80.

Adeia Stock Performance

Adeia stock opened at $27.89 on Friday. The company has a market cap of $3.09 billion, a PE ratio of 28.46 and a beta of 1.30. The company’s 50-day moving average is $22.50 and its two-hundred day moving average is $18.19. The company has a current ratio of 3.81, a quick ratio of 3.81 and a debt-to-equity ratio of 0.83. Adeia Inc. has a 1 year low of $11.52 and a 1 year high of $27.92.

Adeia (NASDAQ:ADEA) last announced its quarterly earnings results on Monday, February 23rd. The company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.13. The business had revenue of $182.64 million for the quarter, compared to the consensus estimate of $168.45 million. Adeia had a net margin of 25.05% and a return on equity of 38.01%. Equities analysts anticipate that Adeia Inc. will post 1.09 earnings per share for the current year.

Adeia Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Monday, March 16th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Monday, March 16th. Adeia’s dividend payout ratio (DPR) is currently 20.41%.

About Adeia

Adeia Inc (NASDAQ: ADEA) is a technology licensing company that focuses on acquiring, managing and monetizing intellectual property assets in the electronics and communications sectors. The company’s core business involves the strategic purchase of patent portfolios followed by the negotiation of licensing agreements, collaborative partnerships and, where necessary, enforcement actions to generate revenue from those assets. Adeia’s technology coverage spans semiconductor design, data communications, wireless networking, imaging systems and other advanced electronics applications.

By assembling a diversified collection of high-value patent families, Adeia works closely with original equipment manufacturers, semiconductor suppliers and service providers across North America, Europe and Asia.