Adeia Inc. (NASDAQ:ADEA) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its holdings in Adeia Inc. (NASDAQ:ADEA) by 3.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 995,908 shares of the company’s stock after purchasing an additional 30,485 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Adeia were worth $13,923,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. KBC Group NV raised its holdings in Adeia by 74.6% in the 4th quarter. KBC Group NV now owns 6,968 shares of the company’s stock worth $97,000 after purchasing an additional 2,977 shares during the period. Handelsbanken Fonder AB increased its stake in Adeia by 20.6% during the 4th quarter. Handelsbanken Fonder AB now owns 22,800 shares of the company’s stock worth $319,000 after buying an additional 3,900 shares in the last quarter. Zacks Investment Management increased its stake in Adeia by 51.5% during the 3rd quarter. Zacks Investment Management now owns 17,357 shares of the company’s stock worth $207,000 after buying an additional 5,902 shares in the last quarter. Empowered Funds LLC increased its stake in Adeia by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 132,316 shares of the company’s stock worth $1,576,000 after buying an additional 6,700 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC purchased a new stake in Adeia during the 4th quarter worth approximately $142,000. Institutional investors and hedge funds own 97.36% of the company’s stock.

Analyst Upgrades and Downgrades

ADEA has been the subject of several research reports. Rosenblatt Securities reiterated a “buy” rating and set a $20.00 price objective on shares of Adeia in a research note on Friday, February 28th. Maxim Group boosted their price objective on Adeia from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Wednesday, February 19th. Finally, BWS Financial boosted their price objective on Adeia from $16.00 to $18.00 and gave the stock a “buy” rating in a research note on Wednesday, February 19th.

Adeia Price Performance

ADEA stock opened at $13.64 on Friday. The company has a debt-to-equity ratio of 1.15, a current ratio of 3.53 and a quick ratio of 3.53. The business has a 50 day simple moving average of $13.93 and a 200-day simple moving average of $13.06. The firm has a market capitalization of $1.47 billion, a PE ratio of 23.93 and a beta of 1.44. Adeia Inc. has a 1 year low of $9.68 and a 1 year high of $17.46.

Adeia (NASDAQ:ADEA) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $0.42 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.42. The business had revenue of $119.17 million during the quarter, compared to analyst estimates of $114.22 million. Adeia had a return on equity of 32.81% and a net margin of 17.19%. During the same period in the prior year, the business earned $0.27 earnings per share. Equities research analysts anticipate that Adeia Inc. will post 1.09 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, March 31st. Investors of record on Monday, March 10th will be given a $0.05 dividend. The ex-dividend date is Monday, March 10th. This represents a $0.20 annualized dividend and a yield of 1.47%. Adeia’s payout ratio is 35.09%.

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.