Foundry Partners LLC Invests $5.02 Million in Adeia Inc. (NASDAQ:ADEA)

Foundry Partners LLC bought a new position in Adeia Inc. (NASDAQ:ADEAFree Report) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 469,694 shares of the company’s stock, valued at approximately $5,016,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of ADEA. FMR LLC purchased a new position in Adeia during the 1st quarter valued at $26,000. Carmel Capital Partners LLC purchased a new position in Adeia during the 3rd quarter valued at $33,000. Selway Asset Management purchased a new position in Adeia during the 3rd quarter valued at $36,000. Dark Forest Capital Management LP purchased a new position in Adeia during the 1st quarter valued at $40,000. Finally, Covestor Ltd boosted its holdings in Adeia by 33,450.0% during the 2nd quarter. Covestor Ltd now owns 4,026 shares of the company’s stock valued at $44,000 after acquiring an additional 4,014 shares during the period. Hedge funds and other institutional investors own 91.66% of the company’s stock.

Adeia Price Performance

ADEA opened at $12.90 on Tuesday. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 1.68. The business has a fifty day moving average of $11.74 and a 200 day moving average of $10.41. The stock has a market cap of $1.38 billion, a P/E ratio of 11.42 and a beta of 1.48. Adeia Inc. has a 52-week low of $7.12 and a 52-week high of $13.39.

Insider Buying and Selling at Adeia

In other Adeia news, insider Mark Kokes sold 20,487 shares of Adeia stock in a transaction on Monday, November 20th. The stock was sold at an average price of $9.91, for a total transaction of $203,026.17. Following the completion of the sale, the insider now directly owns 142,246 shares of the company’s stock, valued at approximately $1,409,657.86. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.40% of the stock is currently owned by corporate insiders.

Adeia Profile

(Free Report)

Adeia Inc, together with its subsidiaries, operates as a media and semiconductor intellectual property licensing company worldwide. The company licenses its innovations to media and semiconductor industries and companies under the Adeia brand. It 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 and social media companies; consumer electronics manufacturers, which includes smart televisions, streaming media devices, video game consoles, mobile devices, content storage devices, and other connected media devices; and semiconductors, including sensors, radio frequency components, memory, and logic devices.

Further Reading

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Institutional Ownership by Quarter for Adeia (NASDAQ:ADEA)

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