Adeia Inc. (NASDAQ:ADEA) Shares Bought by Barclays PLC

Barclays PLC grew its holdings in shares of Adeia Inc. (NASDAQ:ADEA) by 51.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 228,967 shares of the company’s stock after buying an additional 78,276 shares during the period. Barclays PLC owned 0.21% of Adeia worth $2,728,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in ADEA. Innealta Capital LLC bought a new stake in Adeia during the 2nd quarter valued at $47,000. Algert Global LLC acquired a new position in shares of Adeia during the second quarter valued at $122,000. Seizert Capital Partners LLC bought a new stake in shares of Adeia during the third quarter valued at about $197,000. Zacks Investment Management lifted its holdings in Adeia by 51.5% in the third quarter. Zacks Investment Management now owns 17,357 shares of the company’s stock worth $207,000 after purchasing an additional 5,902 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new position in Adeia in the 3rd quarter valued at about $253,000. 97.36% of the stock is currently owned by institutional investors and hedge funds.

Adeia Price Performance

Shares of Adeia stock opened at $13.74 on Wednesday. Adeia Inc. has a 52 week low of $9.68 and a 52 week high of $14.75. The company has a current ratio of 3.42, a quick ratio of 3.42 and a debt-to-equity ratio of 1.32. The stock has a market cap of $1.50 billion, a PE ratio of 38.17 and a beta of 1.42. The company’s 50-day moving average price is $12.70 and its two-hundred day moving average price is $11.94.

Adeia Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.46%. The ex-dividend date was Wednesday, November 27th. Adeia’s dividend payout ratio is presently 55.56%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. BWS Financial restated a “buy” rating and set a $16.00 price target on shares of Adeia in a research report on Wednesday, December 4th. Rosenblatt Securities upped their target price on Adeia from $15.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th.

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.