SG Americas Securities LLC Has $545,000 Stock Position in Adeia Inc. $ADEA

SG Americas Securities LLC lowered its position in shares of Adeia Inc. (NASDAQ:ADEA) by 31.5% during the second quarter, Holdings Channel reports. The fund owned 38,558 shares of the company’s stock after selling 17,696 shares during the quarter. SG Americas Securities LLC’s holdings in Adeia were worth $545,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Quarry LP acquired a new position in Adeia in the 1st quarter worth approximately $29,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Adeia in the first quarter valued at $43,000. Brooklyn Investment Group acquired a new stake in shares of Adeia in the first quarter worth $44,000. GAMMA Investing LLC grew its holdings in shares of Adeia by 85.4% during the second quarter. GAMMA Investing LLC now owns 6,681 shares of the company’s stock valued at $94,000 after buying an additional 3,078 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC purchased a new position in shares of Adeia during the second quarter valued at $150,000. Hedge funds and other institutional investors own 97.36% of the company’s stock.

Adeia Stock Performance

NASDAQ:ADEA opened at $12.31 on Thursday. The firm has a market capitalization of $1.35 billion, a PE ratio of 16.64 and a beta of 1.78. Adeia Inc. has a 1 year low of $10.59 and a 1 year high of $18.25. 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 fifty day simple moving average is $15.50 and its 200 day simple moving average is $14.58.

Adeia (NASDAQ:ADEA) last released its earnings results on Monday, November 3rd. The company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.08). Adeia had a return on equity of 30.31% and a net margin of 22.15%.The firm had revenue of $87.34 million for the quarter, compared to analyst estimates of $99.24 million. Adeia has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that Adeia Inc. will post 1.09 EPS for the current year.

Adeia Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, November 24th will be paid a dividend of $0.05 per share. The ex-dividend date is Monday, November 24th. This represents a $0.20 annualized dividend and a yield of 1.6%. Adeia’s dividend payout ratio is presently 30.77%.

Wall Street Analysts Forecast Growth

ADEA has been the subject of several research analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Adeia in a research note on Tuesday. Wall Street Zen downgraded Adeia from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Rosenblatt Securities restated a “buy” rating and set a $17.00 price target on shares of Adeia in a report on Tuesday, November 4th. Roth Capital reaffirmed a “buy” rating on shares of Adeia in a research report on Monday, November 3rd. Finally, BWS Financial reiterated a “buy” rating and issued a $18.00 target price on shares of Adeia in a research report on Tuesday, November 4th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $19.50.

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.