Adeia Inc. (ADEA) to Distribute Quarterly Dividend of $0.05 on September 14th

Adeia Inc. (NASDAQ:ADEA) announced a quarterly dividend on Thursday, July 23rd. Stockholders of record on Monday, August 24th will be paid a dividend of 0.05 per share on Monday, September 14th. This represents a c) dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, August 24th.

Adeia has decreased its dividend payment by an average of 0.2%annually over the last three years. Adeia has a dividend payout ratio of 13.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Adeia to earn $1.35 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 14.8%.

Adeia Price Performance

Shares of NASDAQ:ADEA opened at $26.25 on Friday. The company has a quick ratio of 3.25, a current ratio of 3.25 and a debt-to-equity ratio of 0.76. The stock has a market cap of $2.89 billion, a PE ratio of 24.31 and a beta of 1.39. The company’s fifty day moving average is $28.70 and its 200 day moving average is $26.46. Adeia has a 52 week low of $11.61 and a 52 week high of $34.34.

Adeia (NASDAQ:ADEA) last posted its quarterly earnings results on Monday, August 3rd. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.03. The business had revenue of $96.12 million during the quarter, compared to analyst estimates of $96.79 million. Adeia had a net margin of 26.05% and a return on equity of 39.26%. Research analysts anticipate that Adeia will post 1.17 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Wall Street Zen lowered Adeia from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings upgraded shares of Adeia from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday. Roth Capital reissued a “buy” rating and issued a $43.00 price target on shares of Adeia in a report on Tuesday, May 5th. Zacks Research upgraded Adeia from a “strong sell” rating to a “hold” rating in a report on Monday, August 3rd. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $40.00 price target on shares of Adeia in a research report on Tuesday, August 4th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Adeia presently has a consensus rating of “Moderate Buy” and an average target price of $37.60.

Adeia Company Profile

Adeia Inc (NASDAQ: ADEA) is a technology licensing company that focuses on acquiring, managing and monetizing intellectual property assets in the electronics and communications sectors. The company’s core business involves the strategic purchase of patent portfolios followed by the negotiation of licensing agreements, collaborative partnerships and, where necessary, enforcement actions to generate revenue from those assets. Adeia’s technology coverage spans semiconductor design, data communications, wireless networking, imaging systems and other advanced electronics applications.

By assembling a diversified collection of high-value patent families, Adeia works closely with original equipment manufacturers, semiconductor suppliers and service providers across North America, Europe and Asia.