Adeia Inc. (ADEA) To Go Ex-Dividend on March 10th

Adeia Inc. (NASDAQ:ADEA) announced a quarterly dividend on Wednesday, February 5th, Wall Street Journal reports. Stockholders of record on Monday, March 10th will be given a dividend of 0.05 per share on Monday, March 31st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend is Monday, March 10th.

Adeia has a payout ratio of 13.8% meaning its dividend is sufficiently covered by earnings.

Adeia Stock Down 0.1 %

NASDAQ:ADEA opened at $14.94 on Friday. The firm’s 50-day moving average price is $13.92 and its 200-day moving average price is $12.94. The company has a market capitalization of $1.61 billion, a PE ratio of 26.21 and a beta of 1.44. The company has a debt-to-equity ratio of 1.15, a current ratio of 3.53 and a quick ratio of 3.53. Adeia has a 1-year low of $9.68 and a 1-year high of $17.46.

Adeia (NASDAQ:ADEA) last released its earnings results on Tuesday, February 18th. The company reported $0.42 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.42. The firm had revenue of $119.17 million for the quarter, compared to the consensus estimate of $114.22 million. Adeia had a net margin of 17.19% and a return on equity of 32.81%. During the same period in the prior year, the firm earned $0.27 EPS. On average, equities analysts predict that Adeia will post 1.09 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on ADEA shares. Rosenblatt Securities reiterated a “buy” rating and issued a $20.00 price target on shares of Adeia in a research note on Friday, February 28th. Maxim Group upped their price target on shares of Adeia from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Wednesday, February 19th. Finally, BWS Financial upped their price target on shares of Adeia from $16.00 to $18.00 and gave the stock a “buy” rating in a research note on Wednesday, February 19th.

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.