Adeia Inc. (NASDAQ:ADEA) Stock Holdings Decreased by Public Sector Pension Investment Board

Public Sector Pension Investment Board lowered its stake in Adeia Inc. (NASDAQ:ADEA) by 3.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 231,018 shares of the company’s stock after selling 7,700 shares during the period. Public Sector Pension Investment Board’s holdings in Adeia were worth $2,751,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of ADEA. Innealta Capital LLC bought a new stake in shares of Adeia during the 2nd quarter valued at about $47,000. Algert Global LLC bought a new stake in shares of Adeia during the 2nd quarter valued at about $122,000. Seizert Capital Partners LLC bought a new stake in shares of Adeia during the 3rd quarter valued at about $197,000. SG Americas Securities LLC bought a new stake in shares of Adeia during the 2nd quarter valued at about $227,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Adeia during the 3rd quarter valued at about $253,000. Institutional investors own 97.36% of the company’s stock.

Analyst Ratings Changes

ADEA has been the subject of a number of analyst reports. Rosenblatt Securities reissued a “buy” rating and set a $15.00 target price on shares of Adeia in a research note on Friday, November 8th. BWS Financial reissued a “buy” rating and set a $16.00 target price on shares of Adeia in a research note on Wednesday.

Adeia Trading Up 8.4 %

Shares of NASDAQ:ADEA opened at $13.49 on Thursday. The company has a 50 day moving average of $12.16 and a 200-day moving average of $11.75. The firm has a market cap of $1.47 billion, a P/E ratio of 37.47 and a beta of 1.42. Adeia Inc. has a twelve month low of $9.40 and a twelve month high of $14.24. The company has a current ratio of 3.42, a quick ratio of 3.42 and a debt-to-equity ratio of 1.32.

Adeia Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend is Wednesday, November 27th. Adeia’s dividend payout ratio is currently 55.56%.

About Adeia

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.