American Century Companies Inc. Has $2.03 Million Holdings in Adeia Inc. (NASDAQ:ADEA)

American Century Companies Inc. lifted its holdings in Adeia Inc. (NASDAQ:ADEA) by 13.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 181,469 shares of the company’s stock after purchasing an additional 21,300 shares during the period. American Century Companies Inc.’s holdings in Adeia were worth $2,030,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Innealta Capital LLC bought a new stake in shares of Adeia in the second quarter valued at about $47,000. EMC Capital Management raised its position in Adeia by 27.8% in 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 in the last quarter. Aristides Capital LLC acquired a new position in Adeia in the first quarter worth about $213,000. SG Americas Securities LLC bought a new position in shares of Adeia during the 2nd quarter worth approximately $227,000. Finally, O Shaughnessy Asset Management LLC boosted its stake in Adeia by 35.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 20,480 shares of the company’s stock valued at $224,000 after buying an additional 5,316 shares in the last quarter. Institutional investors and hedge funds own 97.36% of the company’s stock.

Adeia Trading Down 0.3 %

NASDAQ:ADEA opened at $11.93 on Friday. The business has a 50 day moving average price of $11.68 and a two-hundred day moving average price of $11.22. 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 company has a market cap of $1.30 billion, a P/E ratio of 35.09 and a beta of 1.46. Adeia Inc. has a twelve month low of $8.11 and a twelve month high of $13.39.

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

Adeia Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, August 27th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend was Tuesday, August 27th. Adeia’s dividend payout ratio is currently 58.83%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ADEA. BWS Financial reissued a “buy” rating and set a $16.00 price target on shares of Adeia in a report on Thursday. Rosenblatt Securities reiterated a “buy” rating and set a $15.00 price target on shares of Adeia in a research report on Thursday, June 20th.

About Adeia

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.