BWS Financial Reiterates Buy Rating for Adeia (NASDAQ:ADEA)

Adeia (NASDAQ:ADEA)‘s stock had its “buy” rating reissued by equities researchers at BWS Financial in a research report issued on Monday,Benzinga reports. They currently have a $16.00 price objective on the stock. BWS Financial’s price objective would indicate a potential upside of 27.49% from the stock’s current price.

Separately, Rosenblatt Securities reaffirmed a “buy” rating and issued a $15.00 target price on shares of Adeia in a report on Friday, November 8th.

Adeia Stock Up 4.9 %

Shares of Adeia stock opened at $12.55 on Monday. Adeia has a 12-month low of $9.00 and a 12-month high of $14.24. The stock has a market capitalization of $1.37 billion, a P/E ratio of 34.86 and a beta of 1.44. 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 stock has a 50 day moving average price of $12.12 and a two-hundred day moving average price of $11.61.

Institutional Investors Weigh In On Adeia

Large investors have recently made changes to their positions in the company. Innealta Capital LLC bought a new stake in Adeia during the 2nd quarter worth approximately $47,000. EMC Capital Management grew its holdings 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 purchasing an additional 2,360 shares during the last quarter. Algert Global LLC acquired a new stake in shares of Adeia in the second quarter valued at $122,000. Seizert Capital Partners LLC bought a new position in shares of Adeia in the third quarter valued at about $197,000. Finally, Aristides Capital LLC bought a new stake in Adeia during the 1st quarter worth about $213,000. Institutional investors own 97.36% of the company’s stock.

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.