Adeia (NASDAQ:ADEA) Raised to “Hold” at Zacks Research

Adeia (NASDAQ:ADEA) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Several other brokerages have also issued reports on ADEA. BWS Financial restated a “buy” rating and set a $30.00 target price on shares of Adeia in a research report on Tuesday. Maxim Group set a $35.00 price target on Adeia in a report on Wednesday, May 6th. Rosenblatt Securities reissued a “buy” rating and set a $40.00 price target on shares of Adeia in a research note on Tuesday. Weiss Ratings cut Adeia from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Finally, Roth Capital restated a “buy” rating and set a $43.00 price objective on shares of Adeia in a report on Tuesday, May 5th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Adeia has an average rating of “Moderate Buy” and a consensus price target of $33.60.

Adeia Price Performance

ADEA stock opened at $31.21 on Monday. Adeia has a 12 month low of $11.61 and a 12 month high of $34.34. The company has a current ratio of 3.44, a quick ratio of 3.44 and a debt-to-equity ratio of 0.79. The company has a 50-day moving average price of $29.21 and a 200 day moving average price of $25.67. The stock has a market cap of $3.44 billion, a PE ratio of 28.90 and a beta of 1.39.

Adeia (NASDAQ:ADEA) last issued its quarterly earnings results on Monday, August 3rd. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.31 by $0.03. Adeia had a net margin of 26.05% and a return on equity of 39.77%. The company had revenue of $96.12 million for the quarter, compared to the consensus estimate of $96.79 million. Equities research analysts anticipate that Adeia will post 1.15 earnings per share for the current year.

Hedge Funds Weigh In On Adeia

Several institutional investors have recently made changes to their positions in the company. Ritholtz Wealth Management raised its holdings in shares of Adeia by 2.5% in the first quarter. Ritholtz Wealth Management now owns 14,972 shares of the company’s stock valued at $360,000 after acquiring an additional 364 shares in the last quarter. GAMMA Investing LLC lifted its stake in Adeia by 7.1% in the second quarter. GAMMA Investing LLC now owns 7,864 shares of the company’s stock worth $259,000 after acquiring an additional 523 shares during the period. ProShare Advisors LLC grew its holdings in Adeia by 3.2% during the 4th quarter. ProShare Advisors LLC now owns 21,153 shares of the company’s stock worth $365,000 after acquiring an additional 656 shares in the last quarter. Redmond Asset Management LLC grew its holdings in Adeia by 0.4% during the 4th quarter. Redmond Asset Management LLC now owns 192,350 shares of the company’s stock worth $3,318,000 after acquiring an additional 727 shares in the last quarter. Finally, Amundi increased its position in Adeia by 4.5% during the 4th quarter. Amundi now owns 19,003 shares of the company’s stock valued at $328,000 after purchasing an additional 827 shares during the period. Hedge funds and other institutional investors own 97.36% of the company’s stock.

Key Headlines Impacting Adeia

Here are the key news stories impacting Adeia this week:

• Positive Sentiment: Adeia reported second-quarter adjusted earnings of $0.34 per share, exceeding the $0.31 analyst consensus and rising from $0.25 a year earlier. The company also posted a 26.05% net margin and 39.77% return on equity. Adeia Tops Q2 Earnings and Revenue Estimates
• Positive Sentiment: Licensing momentum strengthened the investment case: Adeia renewed a multiyear agreement with Google covering YouTube TV and signed a multiyear agreement with RPX covering 10 new e-commerce customers. Management also raised its long-term annual revenue outlook to $600 million, citing semiconductor growth. Adeia Announces Second Quarter 2026 Financial Results
• Positive Sentiment: Rosenblatt Securities reaffirmed a “buy” rating and assigned a $40 price target, implying meaningful upside from the current level. BWS Financial also maintained its “buy” rating, although its $30 target is below the current price. Analyst Rating Actions
• Positive Sentiment: Zacks Research upgraded Adeia from “strong sell” to “hold,” while the broader analyst consensus was reported as “moderate buy,” indicating improving sentiment even though the upgrade is not bullish. Zacks Upgrades Adeia
• Neutral Sentiment: Quarterly revenue was $96.12 million, slightly below the $96.79 million consensus. Full-year revenue guidance of $395 million to $435 million has a midpoint of $415 million, modestly below the $417 million analyst estimate.
• Neutral Sentiment: Adeia declared a quarterly dividend of $0.05 per share, payable September 14 to shareholders of record August 24. The indicated yield is approximately 0.7%, providing limited income support.

About Adeia

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.