Rosenblatt Securities reiterated their buy rating on shares of Adeia (NASDAQ:ADEA – Free Report) in a research report sent to investors on Thursday, Benzinga reports. Rosenblatt Securities currently has a $15.00 price objective on the stock.
Separately, BWS Financial reaffirmed a “buy” rating and issued a $16.00 target price on shares of Adeia in a research report on Thursday, September 26th.
View Our Latest Report on ADEA
Adeia Trading Up 0.3 %
Adeia (NASDAQ:ADEA – Get Free Report) last announced its earnings results on Tuesday, August 6th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.20 by $0.03. Adeia had a net margin of 12.87% and a return on equity of 33.28%. The business had revenue of $87.35 million during the quarter, compared to analysts’ expectations of $83.74 million. As a group, analysts expect that Adeia will post 1.18 EPS for the current fiscal year.
Hedge Funds Weigh In On Adeia
Hedge funds and other institutional investors have recently made changes to their positions in the company. Innealta Capital LLC bought a new stake in Adeia during the second quarter worth $47,000. EMC Capital Management raised its holdings in shares of Adeia by 27.8% in the 1st quarter. EMC Capital Management now owns 10,856 shares of the company’s stock valued at $119,000 after purchasing an additional 2,360 shares during the period. Algert Global LLC bought a new stake in shares of Adeia in the 2nd quarter valued at about $122,000. Aristides Capital LLC acquired a new stake in Adeia in the 1st quarter valued at about $213,000. Finally, SG Americas Securities LLC bought a new position in Adeia during the second quarter worth about $227,000. 97.36% of the stock is owned by institutional investors.
Adeia Company Profile
Adeia Inc, together with its subsidiaries, operates as a media and semiconductor intellectual property licensing company in the United States, Canada, Asia, Europe, the Middle East, and internationally. The company licenses its patent portfolios across various markets, including multichannel video programming distributors comprising cable, satellite, and telecommunications television providers that aggregate and distribute linear content over networks, as well as television providers that aggregate and stream linear content over broadband networks; over-the-top video service providers and social media companies, such as subscription video-on-demand and advertising-supported streaming service providers, as well as content providers, networks, and media companies.
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