Adeia (ADEA) Set to Announce Earnings on Tuesday

Adeia (NASDAQ:ADEAGet Free Report) will release its earnings data after the market closes on Tuesday, February 20th. Analysts expect Adeia to post earnings of $0.23 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Adeia Stock Performance

Shares of ADEA opened at $12.90 on Tuesday. The firm has a market cap of $1.38 billion, a PE ratio of 11.42 and a beta of 1.48. The stock’s fifty day moving average price is $11.74 and its two-hundred day moving average price is $10.41. The company has a debt-to-equity ratio of 1.68, a current ratio of 2.68 and a quick ratio of 2.68. Adeia has a 1 year low of $7.12 and a 1 year high of $13.39.

Insider Activity at Adeia

In related news, insider Mark Kokes sold 20,487 shares of the business’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $9.91, for a total transaction of $203,026.17. Following the sale, the insider now directly owns 142,246 shares in the company, valued at approximately $1,409,657.86. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Adeia

A number of hedge funds and other institutional investors have recently modified their holdings of ADEA. Royce & Associates LP boosted its holdings in shares of Adeia by 22.6% in the 1st quarter. Royce & Associates LP now owns 1,052,203 shares of the company’s stock worth $9,323,000 after purchasing an additional 194,187 shares in the last quarter. Swiss National Bank bought a new stake in shares of Adeia in the 1st quarter valued at about $2,009,000. Credit Suisse AG bought a new stake in shares of Adeia in the 1st quarter valued at about $790,000. Citigroup Inc. bought a new stake in shares of Adeia in the 1st quarter valued at about $557,000. Finally, Rhumbline Advisers bought a new stake in shares of Adeia in the 1st quarter valued at about $3,075,000. 91.66% of the stock is currently owned by hedge funds and other institutional investors.

Adeia Company Profile

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Adeia Inc, together with its subsidiaries, operates as a media and semiconductor intellectual property licensing company worldwide. The company licenses its innovations to media and semiconductor industries and companies under the Adeia brand. It 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 and social media companies; consumer electronics manufacturers, which includes smart televisions, streaming media devices, video game consoles, mobile devices, content storage devices, and other connected media devices; and semiconductors, including sensors, radio frequency components, memory, and logic devices.

See Also

Earnings History for Adeia (NASDAQ:ADEA)

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