2 weeks Ago By ABMN Staff
Adeia Inc. ( NASDAQ:ADEA – Get Free Report ) was the recipient of a significant decline in short interest during the month of September. As of September 15th, there was short interest totalling 3,470,000 shares, a decline of 6.
5% from the August 31st total of 3,710,000 shares. Currently, 3.4% of the company’s stock are sold short.
Based on an average trading volume of 467,500 shares, the days-to-cover ratio is presently 7.4 days. Adeia Trading Down 0.
2 % Shares of ADEA stock opened at $11.91 on Tuesday. Adeia has a 12 month low of $8.
11 and a 12 month high of $13.39. The company has a market cap of $1.
30 billion, a PE ratio of 35.03 and a beta of 1.46.
The company has a quick ratio of 3.00, a current ratio of 3.00 and a debt-to-equity ratio of 1.
42. The business’s 50 day moving average is $11.68 and its two-hundred day moving average is $11.
23. Adeia ( NASDAQ:ADEA – Get Free Report ) last posted its earnings results on Tuesday, August 6th. The company reported $0.
23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.03.
The business had revenue of $87.35 million for the quarter, compared to analyst estimates of $83.74 million.
Adeia had a net margin of 12.87% and a return on equity of 33.28%.
Equities analysts predict that Adeia will post 1.18 EPS for the current year. Adeia Dividend Announcement Hedge Funds Weigh In On Adeia Several large investors have recently made changes to their positions in ADEA.
Innealta Capital LLC bought a new position in Adeia in the 2nd quarter worth approximately $47,000. EMC Capital Management grew its stake in shares of Adeia by 27.8% in the first quarter.
EMC Capital Management now owns 10,856 shares of the company’s stock worth $119,000 after acquiring an additional 2,360 shares during the last quarter. Algert Global LLC bought a new position in Adeia during the second quarter worth $122,000. Aristides Capital LLC acquired a new position in Adeia during the 1st quarter valued at $213,000.
Finally, SG Americas Securities LLC bought a new stake in Adeia in the 2nd quarter valued at $227,000. Institutional investors and hedge funds own 97.36% of the company’s stock.
Analyst Upgrades and Downgrades Several research analysts have recently commented on the stock. BWS Financial restated a “buy” rating and set a $16.00 price target on shares of Adeia in a research note on Thursday, September 26th.
Rosenblatt Securities reissued a “buy” rating and set a $15.00 target price on shares of Adeia in a research report on Thursday, June 20th. Check Out Our Latest Research Report on Adeia Adeia Company Profile ( Get Free Report ) 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. See Also Receive News & Ratings for Adeia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Adeia and related companies with MarketBeat.com's FREE daily email newsletter .
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