Adeia (NASDAQ:ADEA) Announces Earnings Results

Adeia (NASDAQ:ADEA) posted its quarterly earnings data on Monday. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.15), Zacks reports. Adeia had a net margin of 22.15% and a return on equity of 30.31%. Adeia updated its FY 2025 guidance to EPS.

Adeia Trading Down 0.5%

Shares of ADEA opened at $17.04 on Monday. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 1.06. The firm’s 50-day moving average is $16.35 and its two-hundred day moving average is $14.53. Adeia has a twelve month low of $10.59 and a twelve month high of $18.25. The firm has a market capitalization of $1.86 billion, a P/E ratio of 23.03 and a beta of 1.74.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ADEA. BWS Financial reiterated a “buy” rating and set a $18.00 price target on shares of Adeia in a research note on Monday, October 6th. Zacks Research lowered shares of Adeia from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Adeia in a research note on Wednesday, October 8th. Finally, Wall Street Zen lowered shares of Adeia from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Adeia currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.50.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. lifted its holdings in shares of Adeia by 714.9% in the second quarter. Osaic Holdings Inc. now owns 2,632 shares of the company’s stock valued at $37,000 after purchasing an additional 2,309 shares in the last quarter. Caxton Associates LLP lifted its holdings in shares of Adeia by 120.7% in the second quarter. Caxton Associates LLP now owns 29,099 shares of the company’s stock valued at $411,000 after purchasing an additional 15,913 shares in the last quarter. Public Sector Pension Investment Board lifted its holdings in shares of Adeia by 5.6% in the second quarter. Public Sector Pension Investment Board now owns 447,008 shares of the company’s stock valued at $6,321,000 after purchasing an additional 23,523 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Adeia by 113.8% in the second quarter. Tower Research Capital LLC TRC now owns 14,703 shares of the company’s stock valued at $208,000 after purchasing an additional 7,826 shares in the last quarter. Finally, Corient Private Wealth LLC purchased a new stake in shares of Adeia in the second quarter valued at about $146,000. 97.36% of the stock is currently owned by institutional investors and hedge funds.

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.