Thompson Siegel & Walmsley LLC Has $10.70 Million Position in Adeia Inc. (NASDAQ:ADEA)

Thompson Siegel & Walmsley LLC trimmed its stake in Adeia Inc. (NASDAQ:ADEA) by 3.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 956,387 shares of the company’s stock after selling 34,619 shares during the quarter. Thompson Siegel & Walmsley LLC owned about 0.88% of Adeia worth $10,697,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in ADEA. Norges Bank acquired a new stake in shares of Adeia in the 4th quarter worth about $9,198,000. Wellington Management Group LLP lifted its holdings in shares of Adeia by 16.1% in the fourth quarter. Wellington Management Group LLP now owns 576,745 shares of the company’s stock valued at $7,146,000 after purchasing an additional 80,146 shares in the last quarter. LSV Asset Management grew its holdings in Adeia by 59.8% during the first quarter. LSV Asset Management now owns 3,365,058 shares of the company’s stock worth $36,746,000 after buying an additional 1,259,857 shares in the last quarter. Boston Partners raised its position in 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 last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in Adeia by 3.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 100,353 shares of the company’s stock valued at $1,096,000 after acquiring an additional 3,793 shares in the last quarter. Institutional investors and hedge funds own 97.36% of the company’s stock.

Adeia Stock Up 3.7 %

Shares of NASDAQ:ADEA opened at $11.96 on Monday. Adeia Inc. has a 1 year low of $8.11 and a 1 year high of $13.39. The company has a market capitalization of $1.30 billion, a PE ratio of 35.18 and a beta of 1.46. The business has a fifty day moving average price of $11.54 and a two-hundred day moving average price of $11.17. The company has a debt-to-equity ratio of 1.42, a current ratio of 3.00 and a quick ratio of 3.00.

Adeia (NASDAQ:ADEA) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.03. The business had revenue of $87.35 million during the quarter, compared to the consensus estimate of $83.74 million. Adeia had a net margin of 12.87% and a return on equity of 33.28%. Analysts forecast that Adeia Inc. will post 1.18 earnings per share for the current year.

Adeia Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, August 27th will be paid a $0.05 dividend. The ex-dividend date is Tuesday, August 27th. This represents a $0.20 annualized dividend and a yield of 1.67%. Adeia’s payout ratio is 58.82%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on ADEA shares. Rosenblatt Securities reiterated a “buy” rating and issued a $15.00 target price on shares of Adeia in a research note on Thursday, June 20th. BWS Financial reaffirmed a “buy” rating and issued a $16.00 price objective on shares of Adeia in a research report on Thursday, August 8th.

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.