Boston Partners Has $35.55 Million Holdings in Adeia Inc. (NASDAQ:ADEA)

Boston Partners increased its holdings in Adeia Inc. (NASDAQ:ADEA) by 5.3% during the fourth quarter, HoldingsChannel reports. The fund owned 2,563,814 shares of the company’s stock after acquiring an additional 129,922 shares during the quarter. Boston Partners’ holdings in Adeia were worth $35,548,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in ADEA. Picton Mahoney Asset Management grew its position in Adeia by 52.1% in the 4th quarter. Picton Mahoney Asset Management now owns 2,836 shares of the company’s stock worth $39,000 after purchasing an additional 972 shares in the last quarter. KBC Group NV grew its position 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 in the last quarter. Linden Thomas Advisory Services LLC bought a new stake in Adeia in the 4th quarter worth about $142,000. Cibc World Markets Corp bought a new stake in Adeia in the 4th quarter worth about $142,000. Finally, Hohimer Wealth Management LLC bought a new stake in Adeia in the 3rd quarter worth about $190,000. 97.36% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Rosenblatt Securities reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Adeia in a research report on Friday, February 28th. Maxim Group increased their target price on shares of Adeia from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Wednesday, February 19th. Finally, BWS Financial increased their target price on shares of Adeia from $16.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, February 19th.

Adeia Stock Up 2.0 %

Adeia stock opened at $13.87 on Thursday. Adeia Inc. has a twelve month low of $9.68 and a twelve month high of $17.46. The firm has a 50 day moving average price of $13.91 and a 200-day moving average price of $13.04. The company has a market capitalization of $1.49 billion, a P/E ratio of 24.33 and a beta of 1.44. The company has a quick ratio of 3.53, a current ratio of 3.53 and a debt-to-equity ratio of 1.15.

Adeia (NASDAQ:ADEA) last released its earnings results on Tuesday, February 18th. The company reported $0.42 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.42. Adeia had a net margin of 17.19% and a return on equity of 32.81%. The firm had revenue of $119.17 million during the quarter, compared to the consensus estimate of $114.22 million. During the same period in the prior year, the firm earned $0.27 EPS. As a group, equities analysts predict that Adeia Inc. will post 1.09 EPS for the current 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 issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.44%. The ex-dividend date is Monday, March 10th. Adeia’s dividend payout ratio (DPR) is presently 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.