Susquehanna Fundamental Investments LLC Boosts Holdings in Adeia Inc. $ADEA

Susquehanna Fundamental Investments LLC raised its position in Adeia Inc. (NASDAQ:ADEAFree Report) by 31.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 154,448 shares of the company’s stock after acquiring an additional 36,677 shares during the period. Susquehanna Fundamental Investments LLC owned approximately 0.14% of Adeia worth $5,086,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Hantz Financial Services Inc. lifted its holdings in shares of Adeia by 447.0% during the 4th quarter. Hantz Financial Services Inc. now owns 1,444 shares of the company’s stock valued at $25,000 after purchasing an additional 1,180 shares during the last quarter. Quarry LP grew its stake 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 buying an additional 1,127 shares during the last quarter. IFP Advisors Inc purchased a new position in Adeia during the 3rd quarter worth $28,000. Public Employees Retirement System of Ohio acquired a new position in Adeia during the 2nd quarter valued at about $34,000. Finally, Osaic Holdings Inc. increased its position in Adeia by 714.9% during the 2nd quarter. Osaic Holdings Inc. now owns 2,632 shares of the company’s stock valued at $37,000 after buying an additional 2,309 shares in the last quarter. 97.36% of the stock is owned by hedge funds and other institutional investors.

Adeia Stock Performance

Shares of ADEA opened at $25.23 on Tuesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.25 and a current ratio of 3.25. The stock has a 50-day moving average of $28.02 and a two-hundred day moving average of $26.85. The stock has a market cap of $2.78 billion, a P/E ratio of 23.36 and a beta of 1.39. Adeia Inc. has a one year low of $11.61 and a one year high of $34.34.

Adeia (NASDAQ:ADEAGet Free Report) last announced its quarterly earnings data on Monday, August 3rd. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. Adeia had a return on equity of 39.26% and a net margin of 26.05%.The business had revenue of $96.12 million for the quarter, compared to analyst estimates of $96.79 million. As a group, research analysts predict that Adeia Inc. will post 1.17 EPS for the current year.

Adeia Dividend Announcement

The firm 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 yield of 0.8%. The ex-dividend date is Monday, August 24th. Adeia’s dividend payout ratio is 18.52%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Wall Street Zen cut Adeia from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. BWS Financial upped their price objective on shares of Adeia from $30.00 to $50.00 and gave the company a “buy” rating in a report on Friday, August 14th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Adeia in a research report on Tuesday, August 4th. Zacks Research upgraded shares of Adeia from a “strong sell” rating to a “hold” rating in a research note on Monday, August 3rd. Finally, Roth Capital reissued a “buy” rating and set a $43.00 target price on shares of Adeia in a research report on Tuesday, May 5th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Adeia has an average rating of “Moderate Buy” and a consensus target price of $37.60.

Read Our Latest Report on Adeia

About Adeia

(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.

Further Reading

Institutional Ownership by Quarter for Adeia (NASDAQ:ADEA)

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