Thompson Siegel & Walmsley LLC Has $10.08 Million Stock Holdings in Adeia Inc. $ADEA

Thompson Siegel & Walmsley LLC grew its position in shares of Adeia Inc. (NASDAQ:ADEA) by 45.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 584,464 shares of the company’s stock after purchasing an additional 183,670 shares during the quarter. Thompson Siegel & Walmsley LLC owned approximately 0.53% of Adeia worth $10,082,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hantz Financial Services Inc. increased its holdings in Adeia by 447.0% in the fourth quarter. Hantz Financial Services Inc. now owns 1,444 shares of the company’s stock worth $25,000 after purchasing an additional 1,180 shares in the last quarter. Quarry LP raised its holdings in Adeia by 245.5% during the third quarter. Quarry LP now owns 1,586 shares of the company’s stock worth $27,000 after buying an additional 1,127 shares during the last quarter. IFP Advisors Inc acquired a new stake in shares of Adeia in the 3rd quarter worth about $28,000. Osaic Holdings Inc. raised its holdings in shares of Adeia by 714.9% in the 2nd quarter. Osaic Holdings Inc. now owns 2,632 shares of the company’s stock worth $37,000 after acquiring an additional 2,309 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in Adeia during the third quarter worth $56,000. 97.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ADEA. Rosenblatt Securities reiterated a “buy” rating and set a $40.00 price target on shares of Adeia in a report on Tuesday, May 5th. Zacks Research cut Adeia from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Wall Street Zen cut Adeia from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Roth Mkm reaffirmed a “buy” rating and set a $43.00 price target on shares of Adeia in a research report on Tuesday, May 5th. Finally, BWS Financial reiterated a “buy” rating and set a $30.00 price objective on shares of Adeia in a research note on Tuesday, May 5th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $33.60.

Adeia Stock Performance

Shares of ADEA stock opened at $28.61 on Tuesday. Adeia Inc. has a fifty-two week low of $11.61 and a fifty-two week high of $34.34. The company has a debt-to-equity ratio of 0.79, a quick ratio of 3.44 and a current ratio of 3.44. The stock has a 50 day moving average price of $27.61 and a two-hundred day moving average price of $20.92. The company has a market capitalization of $3.16 billion, a P/E ratio of 26.49 and a beta of 1.40.

Adeia (NASDAQ:ADEA) last released its quarterly earnings data on Monday, May 4th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.02. The business had revenue of $104.77 million during the quarter, compared to analysts’ expectations of $99.72 million. Adeia had a return on equity of 39.49% and a net margin of 26.50%. Analysts expect that Adeia Inc. will post 1.15 earnings per share for the current year.

Adeia Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Tuesday, May 26th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Tuesday, May 26th. Adeia’s dividend payout ratio (DPR) is presently 18.52%.

Adeia Company Profile

Adeia Inc (NASDAQ: ADEA) is a technology licensing company that focuses on acquiring, managing and monetizing intellectual property assets in the electronics and communications sectors. The company’s core business involves the strategic purchase of patent portfolios followed by the negotiation of licensing agreements, collaborative partnerships and, where necessary, enforcement actions to generate revenue from those assets. Adeia’s technology coverage spans semiconductor design, data communications, wireless networking, imaging systems and other advanced electronics applications.

By assembling a diversified collection of high-value patent families, Adeia works closely with original equipment manufacturers, semiconductor suppliers and service providers across North America, Europe and Asia.