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

Adeia Inc. (NASDAQ:ADEA) declared a quarterly dividend on Wednesday, February 19th,Wall Street Journal reports. Stockholders of record on Monday, March 10th will be paid a dividend of 0.05 per share on Monday, March 31st. This represents a $0.20 annualized dividend and a dividend yield of 1.22%. The ex-dividend date is Monday, March 10th.

Adeia Stock Up 21.7 %

Shares of ADEA opened at $16.39 on Thursday. The firm has a market cap of $1.79 billion, a P/E ratio of 28.75 and a beta of 1.37. The company has a debt-to-equity ratio of 1.32, a quick ratio of 3.42 and a current ratio of 3.42. Adeia has a 52 week low of $9.68 and a 52 week high of $17.27. The firm’s 50-day simple moving average is $13.46 and its 200 day simple moving average is $12.55.

Adeia (NASDAQ:ADEA) last posted its earnings results on Tuesday, February 18th. The company reported $0.42 EPS for the quarter, meeting the consensus estimate of $0.42. The company had revenue of $119.17 million for the quarter, compared to the consensus estimate of $114.22 million. Adeia had a return on equity of 33.58% and a net margin of 17.19%. During the same quarter in the prior year, the business earned $0.27 earnings per share. On average, analysts forecast that Adeia will post 1.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on ADEA shares. Rosenblatt Securities reissued a “buy” rating and set a $18.00 target price on shares of Adeia in a report on Tuesday. BWS Financial lifted their price objective on shares of Adeia from $16.00 to $18.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Maxim Group boosted 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.

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.