Adeia Inc. (NASDAQ:ADEA – Get Free Report) has earned a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $36.60.
A number of research firms have recently issued reports on ADEA. Weiss Ratings cut Adeia from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, September 29th. Zacks Research cut Adeia from a “hold” rating to a “strong sell” rating in a research report on Thursday. Rosenblatt Securities decreased their price target on shares of Adeia from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday, November 3rd. Finally, BWS Financial reissued a “buy” rating and issued a $50.00 price target on shares of Adeia in a report on Wednesday, October 7th.
Check Out Our Latest Stock Analysis on ADEA
Institutional Investors Weigh In On Adeia
A number of institutional investors have recently added to or reduced their stakes in ADEA. Maryland State Retirement & Pension System boosted its position in Adeia by 51.6% in the third quarter. Maryland State Retirement & Pension System now owns 24,426 shares of the company’s stock valued at $625,000 after buying an additional 8,311 shares in the last quarter. Illinois Municipal Retirement Fund grew its stake in Adeia by 6.5% during the third quarter. Illinois Municipal Retirement Fund now owns 53,265 shares of the company’s stock worth $1,364,000 after buying an additional 3,271 shares during the last quarter. CenterBook Partners LP bought a new stake in Adeia during the third quarter worth about $1,982,000. Vise Technologies Inc. acquired a new stake in shares of Adeia during the third quarter worth approximately $559,000. Finally, Oppenheimer & Co. Inc. acquired a new stake in shares of Adeia during the third quarter worth approximately $280,000. 97.36% of the stock is owned by institutional investors and hedge funds.
Adeia Price Performance
NASDAQ ADEA opened at $15.50 on Friday. The company has a current ratio of 3.64, a quick ratio of 3.25 and a debt-to-equity ratio of 0.75. The company has a fifty day simple moving average of $23.48 and a 200 day simple moving average of $25.42. The company has a market cap of $1.71 billion, a P/E ratio of 15.20 and a beta of 1.46. Adeia has a 1 year low of $11.61 and a 1 year high of $34.34.
Adeia (NASDAQ:ADEA – Get Free Report) last posted its earnings results on Monday, November 2nd. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.09). The firm had revenue of $80.19 million during the quarter, compared to analyst estimates of $98.88 million. Adeia had a net margin of 25.04% and a return on equity of 36.17%. On average, sell-side analysts predict that Adeia will post 1.03 EPS for the current year.
Adeia Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 14th. Investors of record on Monday, November 23rd will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Monday, November 23rd. Adeia’s dividend payout ratio is 19.61%.
About Adeia
Adeia Inc is a semiconductor intellectual property company that develops and licenses technologies used in the design, manufacture and packaging of advanced electronic devices. Rather than producing semiconductors itself, the company works with chipmakers, foundries and other industry participants to commercialize its intellectual property.
Adeia’s portfolio includes technologies for three-dimensional semiconductor integration, hybrid bonding, advanced packaging, memory and chip-to-chip connectivity.
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