Adeia Inc. (NASDAQ:ADEA) Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC grew its holdings in Adeia Inc. (NASDAQ:ADEA) by 320.5% during the 3rd quarter, Holdings Channel reports. The firm owned 128,333 shares of the company’s stock after buying an additional 97,815 shares during the period. Intech Investment Management LLC’s holdings in Adeia were worth $1,528,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Boston Partners grew its position in shares of Adeia by 16.5% in the first quarter. Boston Partners now owns 2,296,116 shares of the company’s stock valued at $24,761,000 after purchasing an additional 325,342 shares during the last quarter. Select Equity Group L.P. grew its position in shares of Adeia by 12.6% in 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 last quarter. SG Americas Securities LLC grew its position in shares of Adeia by 243.7% in the third quarter. SG Americas Securities LLC now owns 69,627 shares of the company’s stock valued at $829,000 after purchasing an additional 49,367 shares during the last quarter. Mackenzie Financial Corp grew its position in shares of Adeia by 24.1% in the second quarter. Mackenzie Financial Corp now owns 68,340 shares of the company’s stock valued at $764,000 after purchasing an additional 13,290 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Adeia by 3.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 100,353 shares of the company’s stock valued at $1,096,000 after purchasing an additional 3,793 shares during the last quarter. 97.36% of the stock is currently owned by institutional investors and hedge funds.

Adeia Stock Up 1.7 %

Shares of NASDAQ ADEA opened at $12.25 on Tuesday. Adeia Inc. has a 1 year low of $9.05 and a 1 year high of $14.24. The firm’s 50 day moving average price is $12.13 and its 200 day moving average price is $11.69. The firm has a market cap of $1.34 billion, a P/E ratio of 34.03 and a beta of 1.44. The company has a debt-to-equity ratio of 1.32, a quick ratio of 3.42 and a current ratio of 3.42.

Adeia Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th will be given 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 1.63%. Adeia’s dividend payout ratio (DPR) is currently 55.56%.

Analysts Set New Price Targets

A number of analysts recently issued reports on ADEA shares. Rosenblatt Securities restated a “buy” rating and set a $15.00 target price on shares of Adeia in a research report on Friday, November 8th. BWS Financial restated a “buy” rating and set a $16.00 target price on shares of Adeia in a research report on Monday, November 11th.

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.