Adeia Inc. (NASDAQ:ADEA – Get Free Report) has earned a consensus rating of “Moderate Buy” from the six ratings firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $33.60.
A number of brokerages have commented on ADEA. Maxim Group set a $35.00 price target on shares of Adeia in a research report on Wednesday, May 6th. Rosenblatt Securities restated a “buy” rating and set a $40.00 price target on shares of Adeia in a report on Tuesday, May 5th. Roth Capital restated a “buy” rating and issued a $43.00 price objective on shares of Adeia in a report on Tuesday, May 5th. Wall Street Zen cut Adeia from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, BWS Financial reissued a “buy” rating and set a $30.00 price target on shares of Adeia in a research report on Tuesday, May 5th.
Read Our Latest Report on Adeia
Institutional Trading of Adeia
Adeia Price Performance
NASDAQ ADEA opened at $28.98 on Monday. The firm’s 50-day simple moving average is $29.93 and its two-hundred day simple moving average is $24.61. The company has a market cap of $3.20 billion, a PE ratio of 26.83 and a beta of 1.36. Adeia has a 52 week low of $11.61 and a 52 week high of $34.34. The company has a quick ratio of 3.44, a current ratio of 3.44 and a debt-to-equity ratio of 0.79.
Adeia (NASDAQ:ADEA – Get Free Report) last issued its earnings results on Monday, May 4th. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.36 by $0.02. Adeia had a return on equity of 39.49% and a net margin of 26.50%.The business had revenue of $104.77 million during the quarter, compared to the consensus estimate of $99.72 million. Research analysts predict that Adeia will post 1.15 earnings per share for the current year.
Adeia Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Tuesday, May 26th were paid a dividend of $0.05 per share. The ex-dividend date was Tuesday, May 26th. This represents a $0.20 dividend on an annualized basis and a yield of 0.7%. Adeia’s payout ratio is currently 18.52%.
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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