Aristides Capital LLC Invests $213,000 in Adeia Inc. (NASDAQ:ADEA)

Aristides Capital LLC bought a new stake in Adeia Inc. (NASDAQ:ADEA) during the 1st quarter, Holdings Channel reports. The institutional investor bought 19,518 shares of the company’s stock, valued at approximately $213,000.

Other large investors have also recently bought and sold shares of the company. Highlander Capital Management LLC increased its holdings in Adeia by 267.3% in the fourth quarter. Highlander Capital Management LLC now owns 2,086 shares of the company’s stock valued at $26,000 after buying an additional 1,518 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in Adeia by 55.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 3,638 shares of the company’s stock valued at $45,000 after buying an additional 1,291 shares during the last quarter. Saxon Interests Inc. purchased a new position in Adeia in the fourth quarter valued at $183,000. O Shaughnessy Asset Management LLC increased its holdings in Adeia by 35.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 20,480 shares of the company’s stock valued at $224,000 after buying an additional 5,316 shares during the last quarter. Finally, ProShare Advisors LLC increased its holdings in Adeia by 7.4% in the first quarter. ProShare Advisors LLC now owns 21,579 shares of the company’s stock valued at $236,000 after buying an additional 1,483 shares during the last quarter. Hedge funds and other institutional investors own 97.36% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Rosenblatt Securities reissued a “buy” rating and issued a $15.00 target price on shares of Adeia in a report on Thursday, June 20th. BWS Financial restated a “buy” rating and issued a $16.00 price objective on shares of Adeia in a research note on Tuesday, July 16th.

Adeia Stock Performance

NASDAQ ADEA traded up $0.11 during trading hours on Friday, hitting $11.56. The company had a trading volume of 733,496 shares, compared to its average volume of 412,947. The company has a debt-to-equity ratio of 1.46, a quick ratio of 2.23 and a current ratio of 2.23. Adeia Inc. has a 1-year low of $8.11 and a 1-year high of $13.39. The company has a market cap of $1.25 billion, a PE ratio of 34.00 and a beta of 1.47. The business has a 50 day moving average of $11.39 and a 200-day moving average of $11.27.

Adeia (NASDAQ:ADEA) last released its quarterly earnings data on Monday, May 6th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.02. Adeia had a net margin of 11.06% and a return on equity of 33.89%. The company had revenue of $83.41 million during the quarter, compared to the consensus estimate of $83.55 million. As a group, equities research analysts expect that Adeia Inc. will post 1.2 EPS for the current year.

Adeia 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.