Seizert Capital Partners LLC Takes $197,000 Position in Adeia Inc. (NASDAQ:ADEA)

Seizert Capital Partners LLC acquired a new stake in Adeia Inc. (NASDAQ:ADEA) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 16,526 shares of the company’s stock, valued at approximately $197,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Boston Partners boosted its stake in shares of Adeia by 16.5% in the 1st quarter. Boston Partners now owns 2,296,116 shares of the company’s stock valued at $24,761,000 after buying an additional 325,342 shares during the period. Select Equity Group L.P. lifted its stake in Adeia by 12.6% during the second quarter. Select Equity Group L.P. now owns 653,425 shares of the company’s stock worth $7,309,000 after purchasing an additional 73,204 shares during the last quarter. SG Americas Securities LLC lifted its stake in Adeia by 243.7% during the third quarter. SG Americas Securities LLC now owns 69,627 shares of the company’s stock worth $829,000 after purchasing an additional 49,367 shares during the last quarter. Mackenzie Financial Corp lifted its stake in Adeia by 24.1% during the second quarter. Mackenzie Financial Corp now owns 68,340 shares of the company’s stock worth $764,000 after purchasing an additional 13,290 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in Adeia by 3.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 100,353 shares of the company’s stock worth $1,096,000 after purchasing an additional 3,793 shares during the last quarter. Hedge funds and other institutional investors own 97.36% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on ADEA shares. BWS Financial restated a “buy” rating and set a $16.00 target price on shares of Adeia in a research note on Monday, November 11th. Rosenblatt Securities restated a “buy” rating and set a $15.00 target price on shares of Adeia in a research note on Friday, November 8th.

Adeia Trading Down 0.6 %

ADEA opened at $11.60 on Monday. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 32.22 and a beta of 1.44. Adeia Inc. has a 52 week low of $9.05 and a 52 week high of $14.24. The business’s 50 day moving average is $12.11 and its two-hundred day moving average is $11.63. The company has a quick ratio of 3.00, a current ratio of 3.42 and a debt-to-equity ratio of 1.32.

Adeia Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend is Wednesday, November 27th. Adeia’s dividend payout ratio (DPR) is 55.56%.

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.