Rosenblatt Securities restated their purchase score on shares of Adeia (NASDAQ:ADEA – Free Report) in a report issued on Friday morning,Benzinga studies. Rosenblatt Securities at present has a $15.00 goal worth on the inventory.
Individually, BWS Monetary reissued a “purchase” score and set a $16.00 worth goal on shares of Adeia in a analysis observe on Thursday, September twenty sixth.
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Adeia Worth Efficiency
Shares of ADEA opened at $11.96 on Friday. Adeia has a twelve month low of $9.00 and a twelve month excessive of $14.24. The inventory’s 50 day shifting common is $12.11 and its two-hundred day shifting common is $11.60. The agency has a market capitalization of $1.30 billion, a PE ratio of 33.22 and a beta of 1.44. The corporate has a present ratio of three.00, a fast ratio of three.00 and a debt-to-equity ratio of 1.42.
Adeia Dividend Announcement
The agency additionally lately declared a quarterly dividend, which shall be paid on Wednesday, December 18th. Shareholders of file on Wednesday, November twenty seventh shall be issued a $0.05 dividend. The ex-dividend date is Wednesday, November twenty seventh. This represents a $0.20 annualized dividend and a yield of 1.67%. Adeia’s dividend payout ratio (DPR) is presently 55.56%.
Institutional Inflows and Outflows
A number of giant traders have lately made adjustments to their positions in ADEA. Innealta Capital LLC acquired a brand new stake in Adeia within the 2nd quarter valued at $47,000. EMC Capital Administration grew its stake in shares of Adeia by 27.8% through the first quarter. EMC Capital Administration now owns 10,856 shares of the corporate’s inventory valued at $119,000 after buying a further 2,360 shares within the final quarter. Algert International LLC acquired a brand new stake in shares of Adeia through the second quarter valued at about $122,000. Seizert Capital Companions LLC acquired a brand new stake in shares of Adeia through the third quarter valued at about $197,000. Lastly, Aristides Capital LLC acquired a brand new stake in shares of Adeia through the first quarter valued at about $213,000. 97.36% of the inventory is owned by hedge funds and different institutional traders.
About Adeia
Adeia Inc, along with its subsidiaries, operates as a media and semiconductor mental property licensing firm in america, Canada, Asia, Europe, the Center East, and internationally. The corporate licenses its patent portfolios throughout numerous markets, together with multichannel video programming distributors comprising cable, satellite tv for pc, and telecommunications tv suppliers that combination and distribute linear content material over networks, in addition to tv suppliers that combination and stream linear content material over broadband networks; over-the-top video service suppliers and social media corporations, similar to subscription video-on-demand and advertising-supported streaming service suppliers, in addition to content material suppliers, networks, and media corporations.
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