Adeia (NASDAQ:ADEA) Issues Earnings Results, Meets Expectations

Adeia (NASDAQ:ADEA) issued its quarterly earnings results on Tuesday. The company reported $0.42 earnings per share for the quarter, hitting the consensus estimate of $0.42, Zacks reports. The business had revenue of $119.17 million during the quarter, compared to the consensus estimate of $114.22 million. Adeia had a return on equity of 28.37% and a net margin of 12.01%. During the same quarter last year, the company earned $0.27 earnings per share. Adeia updated its FY 2025 guidance to EPS.

Adeia Trading Up 27.8 %

Shares of Adeia stock traded up $3.74 on Wednesday, reaching $17.21. The company had a trading volume of 369,732 shares, compared to its average volume of 432,773. The firm’s 50 day moving average price is $13.42 and its two-hundred day moving average price is $12.50. The firm has a market cap of $1.88 billion, a PE ratio of 47.30 and a beta of 1.37. Adeia has a 52-week low of $9.68 and a 52-week high of $16.83. The company has a debt-to-equity ratio of 1.32, a quick ratio of 3.42 and a current ratio of 3.42.

Analyst Ratings Changes

ADEA has been the subject of several recent analyst reports. Rosenblatt Securities reaffirmed a “buy” rating and set a $18.00 target price on shares of Adeia in a report on Tuesday. BWS Financial lifted their price target on Adeia from $16.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday.

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.