Robeco Institutional Asset Management B.V. Trims Stake in Adeia Inc. (NASDAQ:ADEA)

Robeco Institutional Asset Management B.V. lowered its stake in shares of Adeia Inc. (NASDAQ:ADEA) by 36.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 57,030 shares of the company’s stock after selling 32,035 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.05% of Adeia worth $797,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in ADEA. State Street Corp grew its stake in shares of Adeia by 2.1% in the third quarter. State Street Corp now owns 4,346,537 shares of the company’s stock worth $51,767,000 after purchasing an additional 91,288 shares during the last quarter. Harvey Partners LLC lifted its position in Adeia by 5.8% during the 3rd quarter. Harvey Partners LLC now owns 3,052,000 shares of the company’s stock valued at $36,349,000 after acquiring an additional 168,000 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Adeia by 3.1% during the third quarter. Geode Capital Management LLC now owns 2,616,073 shares of the company’s stock valued at $31,163,000 after purchasing an additional 78,135 shares during the last quarter. Systematic Financial Management LP boosted its holdings in Adeia by 17.0% in the third quarter. Systematic Financial Management LP now owns 2,160,201 shares of the company’s stock worth $25,728,000 after acquiring an additional 313,741 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in Adeia by 1.7% in the 3rd quarter. Wellington Management Group LLP now owns 1,096,117 shares of the company’s stock worth $13,055,000 after purchasing an additional 18,664 shares in the last quarter. Institutional investors own 97.36% of the company’s stock.

Adeia Trading Down 1.3 %

Shares of Adeia stock opened at $12.48 on Wednesday. The company has a market capitalization of $1.36 billion, a P/E ratio of 34.67 and a beta of 1.37. The company has a debt-to-equity ratio of 1.32, a quick ratio of 3.42 and a current ratio of 3.42. The company has a fifty day moving average of $13.36 and a 200 day moving average of $12.40. Adeia Inc. has a fifty-two week low of $9.68 and a fifty-two week high of $14.75.

Analyst Ratings Changes

Several brokerages have commented on ADEA. BWS Financial reiterated a “buy” rating and set a $16.00 target price on shares of Adeia in a research note on Monday, January 13th. Rosenblatt Securities increased their price target on shares of Adeia from $15.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th.

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.