Sei Investments Co. Has $4.35 Million Stock Holdings in Adeia Inc. $ADEA

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

Other institutional investors and hedge funds have also bought and sold shares of the company. NewEdge Wealth LLC grew its stake in Adeia by 36.2% in the first quarter. NewEdge Wealth LLC now owns 82,878 shares of the company’s stock valued at $1,992,000 after purchasing an additional 22,027 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of Adeia in the first quarter valued at $3,362,000. Principal Financial Group Inc. increased its holdings in Adeia by 2.2% during the first quarter. Principal Financial Group Inc. now owns 535,037 shares of the company’s stock worth $12,857,000 after buying an additional 11,595 shares during the last quarter. Fifth Third Bancorp raised its position in Adeia by 13,439.1% during the first quarter. Fifth Third Bancorp now owns 56,052 shares of the company’s stock worth $1,347,000 after acquiring an additional 55,638 shares in the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new stake in Adeia in the first quarter valued at $314,000. Institutional investors own 97.36% of the company’s stock.

Adeia Stock Performance

ADEA opened at $29.91 on Thursday. The business has a fifty day simple moving average of $29.24 and a 200 day simple moving average of $25.75. The company has a market capitalization of $3.30 billion, a PE ratio of 27.69 and a beta of 1.39. 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. Adeia had a return on equity of 39.26% and a net margin of 26.05%.The firm had revenue of $96.12 million for the quarter, compared to analysts’ expectations of $96.79 million. Research analysts expect that Adeia Inc. will post 1.15 EPS for the current year.

Adeia Announces Dividend

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

Analyst Upgrades and Downgrades

ADEA has been the topic of several recent analyst reports. Zacks Research upgraded shares of Adeia from a “strong sell” rating to a “hold” rating in a research note on Monday. Rosenblatt Securities restated a “buy” rating and issued a $40.00 price objective on shares of Adeia in a research note on Tuesday. Roth Capital reiterated a “buy” rating and set a $43.00 target price on shares of Adeia in a research note on Tuesday, May 5th. Maxim Group set a $35.00 price target on Adeia in a research note on Wednesday, May 6th. Finally, Wall Street Zen downgraded Adeia from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $33.60.

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 Company 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.