10,130 Shares in Adeia Inc. (NASDAQ:ADEA) Acquired by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC acquired a new stake in Adeia Inc. (NASDAQ:ADEA) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 10,130 shares of the company’s stock, valued at approximately $142,000.

Several other large investors have also modified their holdings of ADEA. Jane Street Group LLC raised its position in Adeia by 66.2% in the 3rd quarter. Jane Street Group LLC now owns 199,812 shares of the company’s stock valued at $2,380,000 after purchasing an additional 79,565 shares during the last quarter. Harvey Partners LLC increased its stake in Adeia by 5.8% in the third quarter. Harvey Partners LLC now owns 3,052,000 shares of the company’s stock valued at $36,349,000 after purchasing an additional 168,000 shares during the period. Barclays PLC raised its holdings in shares of Adeia by 51.9% in the third quarter. Barclays PLC now owns 228,967 shares of the company’s stock valued at $2,728,000 after buying an additional 78,276 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of Adeia by 243.7% during the third quarter. SG Americas Securities LLC now owns 69,627 shares of the company’s stock worth $829,000 after buying an additional 49,367 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of Adeia by 3.1% during the third quarter. Geode Capital Management LLC now owns 2,616,073 shares of the company’s stock worth $31,163,000 after buying an additional 78,135 shares during the last quarter. 97.36% of the stock is owned by institutional investors and hedge funds.

Adeia Stock Performance

Shares of ADEA opened at $13.04 on Tuesday. The company has a 50-day simple moving average of $13.25 and a 200-day simple moving average of $12.35. Adeia Inc. has a 52-week low of $9.68 and a 52-week high of $14.75. The company has a quick ratio of 3.42, a current ratio of 3.42 and a debt-to-equity ratio of 1.32. The company has a market capitalization of $1.42 billion, a PE ratio of 36.22 and a beta of 1.39.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Rosenblatt Securities upped their price objective on Adeia from $15.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. BWS Financial reissued a “buy” rating and issued a $16.00 price target on shares of Adeia in a report on Monday, January 13th.

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.