29,737 Shares in Adeia Inc. $ADEA Bought by Kendall Capital Management

Posted by Francis Steltz on Aug 23rd, 2026

Kendall Capital Management acquired a new position in shares of Adeia Inc. (NASDAQ:ADEA – Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 29,737 shares of the company’s stock, valued at approximately $979,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. BlackRock Inc. acquired a new stake in shares of Adeia in the second quarter valued at about $573,267,000. Deutsche Bank AG acquired a new position in shares of Adeia during the 2nd quarter worth about $34,520,000. Bank of New York Mellon Corp purchased a new position in Adeia in the 2nd quarter valued at about $34,425,000. Wellington Management Group LLP lifted its stake in Adeia by 64.5% in the 4th quarter. Wellington Management Group LLP now owns 1,998,488 shares of the company’s stock valued at $34,474,000 after buying an additional 783,869 shares in the last quarter. Finally, Systematic Financial Management LP lifted its stake in Adeia by 27.9% in the 4th quarter. Systematic Financial Management LP now owns 2,891,131 shares of the company’s stock valued at $49,872,000 after buying an additional 630,039 shares in the last quarter. 97.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Roth Capital reiterated a “buy” rating and set a $43.00 price objective on shares of Adeia in a research note on Tuesday, May 5th. Rosenblatt Securities restated a “buy” rating and issued a $40.00 target price on shares of Adeia in a research report on Tuesday, August 4th. Weiss Ratings raised Adeia from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday. Zacks Research upgraded Adeia from a “strong sell” rating to a “hold” rating in a research report on Monday, August 3rd. Finally, Maxim Group set a $35.00 price objective on Adeia in a research note on Wednesday, May 6th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $37.60.

Check Out Our Latest Report on Adeia

Adeia Stock Performance

ADEA opened at $26.25 on Friday. Adeia Inc. has a twelve month low of $11.61 and a twelve month high of $34.34. The firm has a market capitalization of $2.89 billion, a PE ratio of 24.31 and a beta of 1.39. The company has a current ratio of 3.25, a quick ratio of 3.25 and a debt-to-equity ratio of 0.76. The firm’s 50-day moving average price is $28.70 and its 200 day moving average price is $26.46.

Adeia (NASDAQ:ADEA – Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. Adeia had a net margin of 26.05% and a return on equity of 39.26%. The company had revenue of $96.12 million during the quarter, compared to the consensus estimate of $96.79 million. As a group, sell-side analysts expect that Adeia Inc. will post 1.17 EPS for the current fiscal year.

Adeia Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Monday, August 24th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, August 24th. Adeia’s dividend payout ratio (DPR) is currently 18.52%.

Adeia Company Profile

(Free Report)

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.