Thompson Siegel & Walmsley LLC grew its holdings in Adeia Inc. (NASDAQ:ADEA – Free Report) by 45.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 584,464 shares of the company’s stock after purchasing an additional 183,670 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Adeia were worth $10,082,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Adeia by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,701 shares of the company’s stock valued at $855,000 after purchasing an additional 2,829 shares in the last quarter. Caxton Associates LLP purchased a new stake in shares of Adeia in the first quarter worth about $174,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Adeia by 22.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 231,421 shares of the company’s stock worth $3,059,000 after buying an additional 42,918 shares in the last quarter. Jane Street Group LLC increased its stake in Adeia by 1,193.2% during the first quarter. Jane Street Group LLC now owns 348,961 shares of the company’s stock worth $4,613,000 after acquiring an additional 321,976 shares during the last quarter. Finally, Focus Partners Wealth bought a new stake in Adeia during the first quarter worth approximately $167,000. Institutional investors own 97.36% of the company’s stock.
Adeia Price Performance
Shares of ADEA opened at $28.61 on Tuesday. The business’s 50-day moving average is $27.61 and its two-hundred day moving average is $20.92. The company has a market capitalization of $3.16 billion, a P/E ratio of 26.49 and a beta of 1.40. The company has a debt-to-equity ratio of 0.79, a quick ratio of 3.44 and a current ratio of 3.44. Adeia Inc. has a fifty-two week low of $11.61 and a fifty-two week high of $34.34.
Adeia Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Tuesday, May 26th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.7%. The ex-dividend date is Tuesday, May 26th. Adeia’s payout ratio is presently 18.52%.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on ADEA shares. Roth Mkm reissued a “buy” rating and set a $43.00 price objective on shares of Adeia in a research note on Tuesday, May 5th. Zacks Research cut Adeia from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Weiss Ratings lowered Adeia from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 18th. BWS Financial reiterated a “buy” rating and issued a $30.00 price target on shares of Adeia in a report on Tuesday, May 5th. Finally, Rosenblatt Securities restated a “buy” rating and set a $40.00 target price on shares of Adeia in a report on Tuesday, May 5th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $33.60.
View Our Latest Research Report on Adeia
Adeia Company Profile
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.
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