Sei Investments Co. Buys 29,681 Shares of Adeia Inc. $ADEA

Sei Investments Co. raised its stake in shares of Adeia Inc. (NASDAQ:ADEA) by 19.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 180,859 shares of the company’s stock after buying an additional 29,681 shares during the quarter. Sei Investments Co. owned about 0.16% of Adeia worth $4,346,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of ADEA. Hantz Financial Services Inc. boosted its position in shares of Adeia by 447.0% during the fourth quarter. Hantz Financial Services Inc. now owns 1,444 shares of the company’s stock worth $25,000 after purchasing an additional 1,180 shares in the last quarter. IFP Advisors Inc bought a new stake in shares of Adeia in the 3rd quarter valued at $28,000. Quarry LP raised 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 period. GHP Investment Advisors Inc. bought a new position in Adeia during the first quarter worth about $58,000. Finally, Osaic Holdings Inc. grew its stake in Adeia by 714.9% in the second quarter. Osaic Holdings Inc. now owns 2,632 shares of the company’s stock valued at $37,000 after acquiring an additional 2,309 shares during the period. 97.36% of the stock is owned by institutional investors.

Key Headlines Impacting Adeia

Here are the key news stories impacting Adeia this week:

• Positive Sentiment: Rosenblatt Securities reaffirmed its “buy” rating and set a $40 price target, implying substantial potential upside from recent levels. Benzinga analyst report
• Positive Sentiment: BWS Financial also maintained a “buy” rating, although its $30 target indicates only modest upside. Benzinga analyst report
• Positive Sentiment: Analysts collectively assign Adeia an average “Moderate Buy” rating, suggesting that Wall Street sentiment remains broadly constructive. Adeia analyst rating report
• Positive Sentiment: Adeia declared a quarterly dividend of $0.05 per share, payable September 14 to shareholders of record August 24. The dividend provides a modest income component, with an indicated yield of approximately 0.6%.
• Neutral Sentiment: Zacks Research upgraded Adeia from “strong sell” to “hold.” The move removes a very negative view but does not represent a bullish recommendation. Zacks rating update
• Negative Sentiment: Second-quarter earnings were mixed: adjusted earnings of $0.34 per share exceeded the $0.31 consensus estimate, but revenue of $96.12 million fell slightly short of expectations of $96.79 million. The revenue miss may be weighing on the shares despite the earnings beat. Adeia Q2 earnings snapshot

Adeia Stock Performance

ADEA opened at $29.91 on Thursday. The company has a market capitalization of $3.30 billion, a price-to-earnings ratio of 27.69 and a beta of 1.39. The business’s 50-day moving average price is $29.24 and its two-hundred day moving average price is $25.75. Adeia Inc. has a 1 year low of $11.61 and a 1 year high of $34.34. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.25 and a quick ratio of 3.44.

Adeia (NASDAQ:ADEA) last posted its quarterly earnings data on Monday, August 3rd. The company reported $0.34 earnings per share for the quarter, topping 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%. Equities analysts expect that Adeia Inc. will post 1.15 EPS for the current fiscal year.

Adeia Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Monday, August 24th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, August 24th. This represents a $0.20 dividend on an annualized basis and a yield of 0.7%. Adeia’s dividend payout ratio is 18.52%.

Wall Street Analysts Forecast Growth

ADEA has been the subject of several recent analyst reports. Rosenblatt Securities restated a “buy” rating and issued a $40.00 price target on shares of Adeia in a report on Tuesday. Wall Street Zen cut Adeia from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Maxim Group set a $35.00 price objective on Adeia in a research report on Wednesday, May 6th. BWS Financial reissued a “buy” rating and set a $30.00 target price on shares of Adeia in a research note on Tuesday. Finally, Weiss Ratings downgraded shares of Adeia from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $33.60.

Adeia Profile

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.