Campbell & CO Investment Adviser LLC Has $1.26 Million Holdings in Adeia Inc. $ADEA

Campbell & CO Investment Adviser LLC lifted its stake in shares of Adeia Inc. (NASDAQ:ADEA) by 320.9% during the second quarter, Holdings Channel.com reports. The firm owned 88,917 shares of the company’s stock after buying an additional 67,794 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Adeia were worth $1,257,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. The Manufacturers Life Insurance Company increased its holdings in shares of Adeia by 6.8% in the first quarter. The Manufacturers Life Insurance Company now owns 2,317,585 shares of the company’s stock valued at $30,638,000 after purchasing an additional 147,971 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Adeia by 11.0% during the 1st quarter. Wellington Management Group LLP now owns 1,229,245 shares of the company’s stock worth $16,251,000 after buying an additional 121,424 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Adeia by 0.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,074,075 shares of the company’s stock valued at $15,187,000 after buying an additional 6,653 shares during the last quarter. Invesco Ltd. increased its stake in shares of Adeia by 122.2% in the 1st quarter. Invesco Ltd. now owns 961,356 shares of the company’s stock valued at $12,709,000 after buying an additional 528,617 shares during the period. Finally, Nuveen LLC bought a new stake in shares of Adeia during the first quarter worth $11,622,000. 97.36% of the stock is owned by institutional investors.

Adeia Stock Performance

Shares of ADEA stock opened at $13.96 on Wednesday. The stock has a market cap of $1.53 billion, a PE ratio of 18.86 and a beta of 1.78. The stock has a 50-day moving average of $16.15 and a 200-day moving average of $14.62. The company has a debt-to-equity ratio of 1.06, a current ratio of 3.09 and a quick ratio of 3.09. Adeia Inc. has a one year low of $10.59 and a one year high of $18.25.

Adeia (NASDAQ:ADEA) last issued its quarterly earnings data on Monday, November 3rd. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.08). Adeia had a net margin of 22.15% and a return on equity of 30.31%. The firm had revenue of $87.34 million for the quarter, compared to analyst estimates of $99.24 million. Adeia has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that Adeia Inc. will post 1.09 earnings per share for the current year.

Adeia Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, November 24th will be given a $0.05 dividend. The ex-dividend date is Monday, November 24th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.4%. Adeia’s dividend payout ratio is currently 30.77%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on ADEA shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Adeia in a report on Wednesday, October 8th. Zacks Research downgraded shares of Adeia from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Wall Street Zen lowered shares of Adeia from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Roth Capital reiterated a “buy” rating on shares of Adeia in a research report on Monday, November 3rd. Finally, Rosenblatt Securities reissued a “buy” rating and set a $17.00 price target on shares of Adeia in a research note on Tuesday, November 4th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $19.50.

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.