Adeia (NASDAQ:ADEA) Posts Earnings Results

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

Adeia Stock Up 26.6 %

NASDAQ ADEA traded up $3.58 during trading hours on Wednesday, hitting $17.05. The company had a trading volume of 592,530 shares, compared to its average volume of 441,727. Adeia has a fifty-two week low of $9.68 and a fifty-two week high of $17.27. The company has a market capitalization of $1.86 billion, a price-to-earnings ratio of 47.21 and a beta of 1.37. The company has a debt-to-equity ratio of 1.32, a current ratio of 3.42 and a quick ratio of 3.42. The firm’s 50 day moving average is $13.42 and its 200 day moving average is $12.50.

Analyst Ratings Changes

Several brokerages recently weighed in on ADEA. Rosenblatt Securities reaffirmed a “buy” rating and issued a $18.00 target price on shares of Adeia in a research report on Tuesday. BWS Financial increased their target price on Adeia from $16.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday.

About Adeia

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.