BWS Financial Reiterates Buy Rating for Adeia (NASDAQ:ADEA)

BWS Financial reissued their buy rating on shares of Adeia (NASDAQ:ADEA) in a research report released on Tuesday morning,Benzinga reports. BWS Financial currently has a $18.00 target price on the stock. BWS Financial also issued estimates for Adeia’s FY2025 earnings at $1.02 EPS.

Several other equities analysts have also recently commented on the stock. Maxim Group lifted their target price on shares of Adeia from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Wednesday, February 19th. Rosenblatt Securities reiterated a “buy” rating and set a $17.00 price target on shares of Adeia in a report on Tuesday.

Adeia Trading Up 3.2 %

ADEA opened at $13.52 on Tuesday. Adeia has a fifty-two week low of $9.68 and a fifty-two week high of $17.46. The firm has a market capitalization of $1.47 billion, a PE ratio of 23.71 and a beta of 1.57. The company has a debt-to-equity ratio of 1.15, a current ratio of 3.53 and a quick ratio of 3.53. The company’s 50-day moving average is $12.97 and its 200 day moving average is $13.19.

Adeia (NASDAQ:ADEA) last posted its earnings results on Tuesday, February 18th. The company reported $0.42 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.42. Adeia had a return on equity of 32.81% and a net margin of 17.19%. The company had revenue of $119.17 million for the quarter, compared to analyst estimates of $114.22 million. During the same quarter last year, the company earned $0.27 earnings per share. As a group, research analysts predict that Adeia will post 1.09 earnings per share for the current fiscal year.

Adeia Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Tuesday, May 27th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, May 27th. This represents a $0.20 annualized dividend and a dividend yield of 1.48%. Adeia’s payout ratio is currently 35.09%.

Hedge Funds Weigh In On Adeia

Several institutional investors have recently bought and sold shares of the company. Castlekeep Investment Advisors LLC bought a new stake in shares of Adeia in the fourth quarter valued at $25,000. Kayne Anderson Rudnick Investment Management LLC bought a new stake in Adeia in the 4th quarter valued at about $33,000. Picton Mahoney Asset Management lifted its holdings in Adeia by 52.1% during the fourth quarter. Picton Mahoney Asset Management now owns 2,836 shares of the company’s stock valued at $39,000 after purchasing an additional 972 shares during the last quarter. GAMMA Investing LLC boosted its position in Adeia by 80.9% during the first quarter. GAMMA Investing LLC now owns 3,603 shares of the company’s stock worth $48,000 after purchasing an additional 1,611 shares during the period. Finally, KBC Group NV increased its stake in shares of Adeia by 74.6% in the fourth quarter. KBC Group NV now owns 6,968 shares of the company’s stock worth $97,000 after purchasing an additional 2,977 shares in the last quarter. Hedge funds and other institutional investors own 97.36% of the company’s stock.

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.