Adeia Inc. (NASDAQ:ADEA) Position Boosted by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC grew its holdings in Adeia Inc. (NASDAQ:ADEAFree Report) by 22.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 469,008 shares of the company’s stock after purchasing an additional 85,299 shares during the period. Mutual of America Capital Management LLC owned approximately 0.44% of Adeia worth $5,009,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Alliancebernstein L.P. raised its holdings in shares of Adeia by 0.9% during the second quarter. Alliancebernstein L.P. now owns 124,106 shares of the company’s stock worth $1,366,000 after acquiring an additional 1,056 shares in the last quarter. ProShare Advisors LLC raised its holdings in shares of Adeia by 10.4% during the second quarter. ProShare Advisors LLC now owns 16,706 shares of the company’s stock worth $184,000 after acquiring an additional 1,572 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its holdings in shares of Adeia by 5.5% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 33,842 shares of the company’s stock worth $373,000 after acquiring an additional 1,760 shares in the last quarter. Strs Ohio raised its holdings in shares of Adeia by 4.0% during the second quarter. Strs Ohio now owns 52,500 shares of the company’s stock worth $578,000 after acquiring an additional 2,000 shares in the last quarter. Finally, MetLife Investment Management LLC raised its holdings in shares of Adeia by 3.9% during the second quarter. MetLife Investment Management LLC now owns 56,937 shares of the company’s stock worth $627,000 after acquiring an additional 2,124 shares in the last quarter. Hedge funds and other institutional investors own 91.66% of the company’s stock.

Adeia Price Performance

Shares of NASDAQ:ADEA opened at $12.90 on Tuesday. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 1.68. Adeia Inc. has a 1 year low of $7.12 and a 1 year high of $13.39. The business has a fifty day simple moving average of $11.74 and a 200 day simple moving average of $10.41. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 11.42 and a beta of 1.48.

Insider Buying and Selling

In related news, insider Mark Kokes sold 20,487 shares of the 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 completion of the sale, the insider now directly owns 142,246 shares in the company, valued at $1,409,657.86. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.40% of the stock is owned by corporate insiders.

Adeia Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Adeia (NASDAQ:ADEA)

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