BWS Financial Issues Positive Forecast for Adeia (NASDAQ:ADEA) Stock Price

Adeia (NASDAQ:ADEA) had its price target upped by BWS Financial from $30.00 to $50.00 in a research note released on Friday morning, Marketbeat.com reports. The brokerage currently has a buy rating on the stock.

ADEA has been the subject of a number of other reports. Weiss Ratings cut Adeia from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, August 5th. Rosenblatt Securities restated a “buy” rating and issued a $40.00 target price on shares of Adeia in a research note on Tuesday, August 4th. Roth Capital reaffirmed a “buy” rating and set a $43.00 price objective on shares of Adeia in a report on Tuesday, May 5th. Maxim Group set a $35.00 target price on Adeia in a research note on Wednesday, May 6th. Finally, Wall Street Zen cut shares of Adeia from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.60.

Adeia Price Performance

Shares of NASDAQ:ADEA opened at $29.83 on Friday. Adeia has a 12 month low of $11.61 and a 12 month high of $34.34. The stock has a market cap of $3.29 billion, a price-to-earnings ratio of 27.62 and a beta of 1.39. The stock’s 50 day moving average price is $29.08 and its 200 day moving average price is $26.14. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.25 and a quick ratio of 3.25.

Adeia (NASDAQ:ADEA) last released its quarterly earnings results on Monday, August 3rd. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. Adeia had a return on equity of 39.26% and a net margin of 26.05%.The business had revenue of $96.12 million during the quarter, compared to analyst estimates of $96.79 million. Equities research analysts anticipate that Adeia will post 1.17 earnings per share for the current fiscal year.

Adeia Dividend Announcement

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

Institutional Investors Weigh In On Adeia

A number of institutional investors have recently made changes to their positions in ADEA. Hantz Financial Services Inc. grew its holdings in Adeia by 447.0% during the 4th quarter. Hantz Financial Services Inc. now owns 1,444 shares of the company’s stock worth $25,000 after acquiring an additional 1,180 shares during the period. IFP Advisors Inc acquired a new stake in Adeia during the third quarter worth approximately $28,000. Quarry LP increased its holdings in Adeia by 245.5% in the third quarter. Quarry LP now owns 1,586 shares of the company’s stock worth $27,000 after purchasing an additional 1,127 shares in the last quarter. Allworth Financial LP acquired a new stake in shares of Adeia during the 2nd quarter worth approximately $54,000. Finally, GHP Investment Advisors Inc. bought a new stake in shares of Adeia in the 1st quarter valued at $58,000. Institutional investors own 97.36% of the company’s stock.

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.