Mutual of America Capital Management LLC Has $4.91 Million Stake in Adeia Inc. (NASDAQ:ADEA)

Mutual of America Capital Management LLC trimmed its stake in shares of Adeia Inc. (NASDAQ:ADEA) by 1.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 439,215 shares of the company’s stock after selling 4,295 shares during the period. Mutual of America Capital Management LLC owned approximately 0.40% of Adeia worth $4,913,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of ADEA. Innealta Capital LLC acquired a new position in shares of Adeia during the second quarter worth approximately $47,000. EMC Capital Management raised its stake in shares of Adeia by 27.8% during the first quarter. EMC Capital Management now owns 10,856 shares of the company’s stock worth $119,000 after buying an additional 2,360 shares during the last quarter. Aristides Capital LLC bought a new stake in shares of Adeia during the first quarter worth approximately $213,000. O Shaughnessy Asset Management LLC raised its stake in shares of Adeia by 35.1% during the first quarter. O Shaughnessy Asset Management LLC now owns 20,480 shares of the company’s stock worth $224,000 after buying an additional 5,316 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Adeia during the second quarter worth approximately $227,000. 97.36% of the stock is currently owned by institutional investors and hedge funds.

Adeia Stock Down 1.1 %

Shares of NASDAQ:ADEA opened at $12.52 on Friday. Adeia Inc. has a 52 week low of $8.11 and a 52 week high of $13.39. The company has a debt-to-equity ratio of 1.42, a quick ratio of 3.00 and a current ratio of 3.00. The company has a market capitalization of $1.36 billion, a PE ratio of 36.82 and a beta of 1.46. The company has a 50 day moving average price of $11.65 and a two-hundred day moving average price of $11.20.

Adeia (NASDAQ:ADEA) last issued its earnings results on Tuesday, August 6th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.20 by $0.03. Adeia had a net margin of 12.87% and a return on equity of 33.28%. The firm had revenue of $87.35 million during the quarter, compared to the consensus estimate of $83.74 million. Analysts forecast that Adeia Inc. will post 1.18 earnings per share for the current year.

Adeia Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, August 27th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend was Tuesday, August 27th. Adeia’s dividend payout ratio is 58.82%.

Wall Street Analyst Weigh In

ADEA has been the subject of a number of recent research reports. BWS Financial reissued a “buy” rating and set a $16.00 price target on shares of Adeia in a research note on Thursday, August 8th. Rosenblatt Securities reissued a “buy” rating and set a $15.00 price target on shares of Adeia in a research note on Thursday, June 20th.

Adeia 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.