BWS Financial reiterated their buy rating on shares of Adeia (NASDAQ:ADEA – Free Report) in a report published on Wednesday morning,Benzinga reports. They currently have a $50.00 target price on the stock.
A number of other research analysts also recently weighed in on ADEA. Zacks Research upgraded Adeia from a “strong sell” rating to a “hold” rating in a research note on Monday, August 3rd. Rosenblatt Securities reiterated a “buy” rating and set a $40.00 price objective on shares of Adeia in a research note on Tuesday, September 29th. Finally, Weiss Ratings downgraded Adeia from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, September 29th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $37.60.
View Our Latest Stock Analysis on Adeia
Adeia Trading Down 0.9%
Adeia (NASDAQ:ADEA – Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.03. The company had revenue of $96.12 million during the quarter, compared to analysts’ expectations of $96.79 million. Adeia had a return on equity of 39.26% and a net margin of 26.05%. On average, equities analysts forecast that Adeia will post 1.17 EPS for the current fiscal year.
Adeia Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, September 14th. Investors of record on Monday, August 24th were issued a dividend of $0.05 per share. The ex-dividend date was Monday, August 24th. This represents a $0.20 dividend on an annualized basis and a yield of 0.8%. Adeia’s dividend payout ratio (DPR) is presently 18.52%.
Institutional Trading of Adeia
Several institutional investors and hedge funds have recently bought and sold shares of the business. Public Employees Retirement System of Ohio acquired a new position in Adeia in the 2nd quarter valued at about $34,000. Allworth Financial LP acquired a new stake in Adeia during the second quarter worth approximately $54,000. Farther Finance Advisors LLC boosted its holdings in shares of Adeia by 66.1% during the third quarter. Farther Finance Advisors LLC now owns 2,083 shares of the company’s stock worth $53,000 after acquiring an additional 829 shares during the period. GHP Investment Advisors Inc. bought a new stake in shares of Adeia during the first quarter worth approximately $58,000. Finally, Rockefeller Capital Management L.P. grew its position in shares of Adeia by 148.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,980 shares of the company’s stock valued at $51,000 after purchasing an additional 1,781 shares during the last quarter. Institutional investors own 97.36% of the company’s stock.
Adeia Company Profile
Adeia Inc (NASDAQ: ADEA) is a semiconductor intellectual property company that develops and licenses technologies used in the design, manufacturing and integration of advanced electronic components. Its work is focused on enabling higher performance, greater functionality and improved efficiency in increasingly compact semiconductor devices.
The company’s technology portfolio includes innovations for three-dimensional semiconductor integration, advanced packaging, hybrid bonding, chiplet interconnects and related manufacturing processes.
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