Seizert Capital Partners LLC Takes Position in Adeia Inc. (NASDAQ:ADEA)

Seizert Capital Partners LLC bought a new stake in Adeia Inc. (NASDAQ:ADEA) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 16,526 shares of the company’s stock, valued at approximately $197,000.

A number of other institutional investors have also modified their holdings of the stock. Empowered Funds LLC increased its holdings in shares of Adeia by 5.3% in the third quarter. Empowered Funds LLC now owns 132,316 shares of the company’s stock valued at $1,576,000 after purchasing an additional 6,700 shares during the period. Royce & Associates LP increased its holdings in shares of Adeia by 22.2% in the third quarter. Royce & Associates LP now owns 277,630 shares of the company’s stock valued at $3,307,000 after purchasing an additional 50,512 shares during the period. Robeco Institutional Asset Management B.V. increased its holdings in shares of Adeia by 169.2% in the third quarter. Robeco Institutional Asset Management B.V. now owns 89,065 shares of the company’s stock valued at $1,061,000 after purchasing an additional 55,979 shares during the period. Stephens Inc. AR boosted its stake in shares of Adeia by 5.3% in the third quarter. Stephens Inc. AR now owns 593,636 shares of the company’s stock valued at $7,070,000 after buying an additional 29,889 shares in the last quarter. Finally, Wedge Capital Management L L P NC boosted its stake in shares of Adeia by 4.2% in the third quarter. Wedge Capital Management L L P NC now owns 105,188 shares of the company’s stock valued at $1,253,000 after buying an additional 4,283 shares in the last quarter. Institutional investors and hedge funds own 97.36% of the company’s stock.

Adeia Stock Down 0.6 %

Adeia stock opened at $11.60 on Monday. 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 1-year low of $9.05 and a 1-year high of $14.24. The company has a market cap of $1.27 billion, a PE ratio of 32.22 and a beta of 1.44. The stock’s 50 day moving average price is $12.11 and its 200 day moving average price is $11.63.

Adeia Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.20 dividend on an annualized basis and a yield of 1.72%. Adeia’s payout ratio is 55.56%.

Wall Street Analysts Forecast Growth

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

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.