2 weeks Ago By ABMN Staff
BWS Financial reissued their buy rating on shares of Adeia ( NASDAQ:ADEA – Free Report ) in a research note published on Monday, Benzinga reports. The firm currently has a $16.00 price objective on the stock.
Separately, Rosenblatt Securities restated a “buy” rating and issued a $15.00 price target on shares of Adeia in a report on Friday, November 8th. Get Our Latest Report on ADEA Adeia Stock Up 1.
1 % Adeia Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be given a dividend of $0.05 per share.
The ex-dividend date is Wednesday, November 27th. This represents a $0.20 annualized dividend and a dividend yield of 1.
71%. Adeia’s dividend payout ratio is currently 55.56%.
Institutional Inflows and Outflows Several institutional investors and hedge funds have recently modified their holdings of ADEA. Innealta Capital LLC acquired a new position in shares of Adeia during the second quarter worth about $47,000. EMC Capital Management boosted its position in Adeia by 27.
8% during the first quarter. EMC Capital Management now owns 10,856 shares of the company’s stock valued at $119,000 after purchasing an additional 2,360 shares during the last quarter. Algert Global LLC acquired a new position in Adeia during the second quarter valued at approximately $122,000.
Seizert Capital Partners LLC acquired a new position in Adeia during the third quarter valued at approximately $197,000. Finally, Aristides Capital LLC bought a new stake in Adeia in the first quarter valued at approximately $213,000. 97.
36% of the stock is owned by institutional investors and hedge funds. 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.
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