Yousif Capital Management Reduces Stake in Adeia Inc.

Yousif Capital Management LLC has reduced its stake in Adeia Inc. (NASDAQ: ADEA – Free Report) by 2.3% during the fourth quarter, as reported in its latest 13F filing with the Securities and Exchange Commission (SEC). Following this adjustment, the firm holds 41,203 shares of Adeia, having sold 954 shares in this time frame. The valuation of these holdings reached approximately $576,000 as per the recent SEC document.

In addition to Yousif Capital, other hedge funds have also adjusted their positions in Adeia. Notably, KBC Group NV significantly increased its investment by 74.6% during the same quarter, now owning 6,968 shares worth about $97,000 after acquiring an extra 2,977 shares. Furthermore, Linden Thomas Advisory Services LLC entered a new investment in Adeia valued at around $142,000 in Q4. In a previous quarter, Hohimer Wealth Management LLC and Seizert Capital Partners LLC also procured new stakes, valued at approximately $190,000 and $197,000, respectively. Zacks Investment Management raised their stake by 51.5% in Q3, now holding 17,357 shares valued at $207,000 after purchasing an additional 5,902 shares. Collectively, hedge funds and other institutional investors possess about 97.36% of Adeia’s stock.

Analyst Opinions on Adeia's Shares

Recent analyst evaluations of Adeia shares have yielded positive outlooks. BWS Financial reaffirmed a “buy” rating with a price target of $16.00 in a research note dated January 13. Meanwhile, Rosenblatt Securities raised its price target from $15.00 to $18.00, also issuing a “buy” rating for the stock in a report released on December 12.

Performance of Adeia's Stock

As of Monday, Adeia's stock traded at $13.28, reflecting a market capitalization of $1.45 billion. The company has a PE ratio of 36.89 and a beta of 1.37. Over the past year, Adeia's stock ranged from a low of $9.68 to a high of $14.75. Key financial ratios for the company indicate a quick ratio and a current ratio of 3.42, along with a debt-to-equity ratio of 1.32. The stock's 50-day moving average remains at $13.42, while its 200-day moving average stands at $12.48.

Adeia Company Overview

Adeia Inc. operates as a media and semiconductor intellectual property licensing entity across various international markets, including the United States, Canada, Europe, and Asia. The company primarily licenses its patent portfolios to a range of clients including multichannel video programming distributors, cable and satellite providers, as well as over-the-top video service providers and social media networks, among others.

Adeia, Yousif, Management