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

Charles Schwab Investment Management Inc. boosted its stake in Adeia Inc. (NASDAQ:ADEA) by 3.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 965,423 shares of the company’s stock after purchasing an additional 33,845 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.89% of Adeia worth $11,498,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. LSV Asset Management grew its stake in shares of Adeia by 11.6% in the second quarter. LSV Asset Management now owns 3,755,894 shares of the company’s stock valued at $42,010,000 after buying an additional 390,836 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Adeia by 6.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,748,258 shares of the company’s stock worth $30,737,000 after acquiring an additional 159,254 shares during the period. Skylands Capital LLC grew its position in Adeia by 99.7% in the second quarter. Skylands Capital LLC now owns 207,950 shares of the company’s stock valued at $2,327,000 after acquiring an additional 103,817 shares in the last quarter. Intech Investment Management LLC grew its position in Adeia by 320.5% in the third quarter. Intech Investment Management LLC now owns 128,333 shares of the company’s stock valued at $1,528,000 after acquiring an additional 97,815 shares in the last quarter. Finally, Select Equity Group L.P. raised its stake in shares of Adeia by 12.6% during the second quarter. Select Equity Group L.P. now owns 653,425 shares of the company’s stock valued at $7,309,000 after purchasing an additional 73,204 shares during the period. 97.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Rosenblatt Securities restated a “buy” rating and issued a $15.00 target price on shares of Adeia in a research note on Friday, November 8th. BWS Financial reissued a “buy” rating and issued a $16.00 price objective on shares of Adeia in a research report on Wednesday, December 4th.

Adeia Price Performance

Shares of NASDAQ ADEA opened at $13.36 on Monday. Adeia Inc. has a fifty-two week low of $9.46 and a fifty-two week high of $14.24. The company has a quick ratio of 3.42, a current ratio of 3.42 and a debt-to-equity ratio of 1.32. The firm has a market cap of $1.46 billion, a PE ratio of 37.11 and a beta of 1.42. The business has a 50 day moving average price of $12.21 and a two-hundred day moving average price of $11.77.

Adeia Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be paid a dividend of $0.05 per share. The ex-dividend date is Wednesday, November 27th. This represents a $0.20 dividend on an annualized basis and a yield of 1.50%. Adeia’s dividend payout ratio (DPR) is 55.56%.

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.