Adeia Inc. (NASDAQ:ADEA) Declares Quarterly Dividend of $0.05

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 annualized dividend 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% indicating that its dividend is sufficiently covered by earnings.

Adeia Trading Down 0.1 %

Adeia stock opened at $14.94 on Friday. The company has a current ratio of 3.53, a quick ratio of 3.53 and a debt-to-equity ratio of 1.15. Adeia has a 12-month low of $9.68 and a 12-month high of $17.46. The firm has a 50 day moving average of $13.92 and a 200 day moving average of $12.94. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of 26.21 and a beta of 1.44.

Adeia (NASDAQ:ADEA) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $0.42 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.42. Adeia had a net margin of 17.19% and a return on equity of 32.81%. The business had revenue of $119.17 million during the quarter, compared to analyst estimates of $114.22 million. During the same period last year, the firm posted $0.27 EPS. As a group, research analysts predict that Adeia will post 1.09 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ADEA. Maxim Group increased their price objective on shares of Adeia from $15.00 to $17.00 and gave the company a “buy” rating in a report on Wednesday, February 19th. Rosenblatt Securities reaffirmed a “buy” rating and set a $20.00 price objective on shares of Adeia in a report on Friday, February 28th. Finally, BWS Financial increased their target price on Adeia from $16.00 to $18.00 and gave the company a “buy” rating in a research report 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.