Royce & Associates LP Has $3.31 Million Holdings in Adeia Inc. (NASDAQ:ADEA)

Royce & Associates LP grew its position in shares of Adeia Inc. (NASDAQ:ADEA) by 22.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 277,630 shares of the company’s stock after buying an additional 50,512 shares during the quarter. Royce & Associates LP owned approximately 0.25% of Adeia worth $3,307,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Innealta Capital LLC bought a new position in Adeia during the second quarter valued at approximately $47,000. EMC Capital Management lifted its stake in shares of Adeia by 27.8% in the 1st quarter. EMC Capital Management now owns 10,856 shares of the company’s stock valued at $119,000 after purchasing an additional 2,360 shares during the last quarter. Algert Global LLC bought a new stake in Adeia in the second quarter worth $122,000. Aristides Capital LLC bought a new stake in Adeia in the first quarter worth $213,000. Finally, O Shaughnessy Asset Management LLC increased its position in Adeia by 35.1% during the first quarter. O Shaughnessy Asset Management LLC now owns 20,480 shares of the company’s stock worth $224,000 after buying an additional 5,316 shares during the last quarter. Institutional investors own 97.36% of the company’s stock.

Wall Street Analyst Weigh In

ADEA has been the subject of a number of analyst reports. BWS Financial reaffirmed a “buy” rating and issued a $16.00 price target on shares of Adeia in a research report on Monday, November 11th. Rosenblatt Securities reaffirmed a “buy” rating and set a $15.00 target price on shares of Adeia in a research report on Friday, November 8th.

Adeia Stock Performance

Shares of ADEA opened at $11.43 on Tuesday. The company has a market capitalization of $1.25 billion, a PE ratio of 32.28 and a beta of 1.44. The company has a debt-to-equity ratio of 1.32, a current ratio of 3.42 and a quick ratio of 3.00. Adeia Inc. has a one year low of $9.05 and a one year high of $14.24. The company’s fifty day moving average price is $12.11 and its 200 day moving average price is $11.65.

Adeia Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be paid a $0.05 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.75%. Adeia’s payout ratio is presently 55.56%.

Adeia Company 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.