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Adeia (ADEA)
NASDAQ:ADEA
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ADEA Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$9.68 - $14.75
Previous Close$13.66
Volume2.21M
Average Volume (3M)498.39K
Market Cap
$1.49B
Enterprise Value$1.94B
Total Cash (Recent Filing)$89.18M
Total Debt (Recent Filing)$533.60M
Price to Earnings (P/E)37.4
Beta1.17
Next Earnings
Feb 19, 2025EPS Estimate
$0.46Last Dividend Ex-Date
Nov 27, 2024Dividend Yield1.46%
Share Statistics
EPS (TTM)0.36
Shares Outstanding109,264,937
10 Day Avg. Volume822,927
30 Day Avg. Volume498,388
Standard Deviation0.14
R-Squared0.19
Alpha-0.02
Financial Highlights & Ratios
Price to Book (P/B)3.95
Price to Sales (P/S)4.34
Price to Cash Flow (P/CF)26.10
P/FCF Ratio13.80
Enterprise Value/Market CapN/A
Enterprise Value/Revenue5.64
Enterprise Value/Gross Profit4.98
Enterprise Value/Ebitda14.28
Forecast
1Y Price Target
$17.00Price Target Upside24.45% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
Adeia News
PremiumCompany Announcements
Adeia Inc. Reports Solid Q3 2024 Performance
Bulls Say, Bears Say
Bulls Say
Debt ManagementADEA has been actively reducing its debt balance, aiming for further reductions that pave the way for flexibility in buying back stock.
Revenue GrowthThe company has maintained a revenue forecast of $380 million to $420 million, driven by the expectation of announcing at least two major new licenses.
Strategic LicensingADEA announced a licensing agreement with Amazon.com, setting the path for greater free cash flow and a stronger foundation for its investment story.
Bears Say
Financial PerformanceADEA reported 3Q24 results with revenue of $86.1M, down 15.1% y/y, and adjusted EBITDA of $51.3M, down 27.4% y/y, both below estimates.
Guidance And ExpectationsManagement lowered 2024 guidance for revenue and adjusted EBITDA, reflecting the expectation that one of the two large license deals slipped.
Licensing AgreementsADEA signed seven license agreements but none were the large agreements promised previously.
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Ownership Overview
2.00% Insiders
32.67% Mutual Funds
19.94% Other Institutional Investors
12.08% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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ADEA FAQ
What was Adeia’s price range in the past 12 months?
Adeia lowest stock price was $9.68 and its highest was $14.75 in the past 12 months.
What is Adeia’s market cap?
Currently, no data Available
When is Adeia’s upcoming earnings report date?
Adeia’s upcoming earnings report date is Feb 19, 2025 which is in 59 days.
How were Adeia’s earnings last quarter?
Adeia released its earnings results on Nov 07, 2024. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.399 by -$0.129.
Is Adeia overvalued?
According to Wall Street analysts Adeia’s price is currently Undervalued.
Does Adeia pay dividends?
Adeia pays a Quarterly dividend of $0.05 which represents an annual dividend yield of 1.46%. See more information on Adeia dividends here
What is Adeia’s EPS estimate?
Adeia’s EPS estimate is $0.46.
How many shares outstanding does Adeia have?
Adeia has 109,264,940 shares outstanding.
What happened to Adeia’s price movement after its last earnings report?
Adeia reported an EPS of $0.27 in its last earnings report, missing expectations of $0.399. Following the earnings report the stock price went down -18.24%.
Which hedge fund is a major shareholder of Adeia?
Among the largest hedge funds holding Adeia’s share is Harvey Partners LLC. It holds Adeia’s shares valued at 36M.
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Adeia Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$17.00 (24.45% Upside)
$17.00 (24.45% Upside)
Blogger Sentiment
Bullish
ADEA Sentiment 100%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Increased
By 938.6K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▲ 0.3%
Last 30 Days ▲ 30.9%
Last 30 Days ▲ 30.9%
Technicals
SMA
Positive
20 days / 200 days
Momentum
20.73%
12-Months-Change
Fundamentals
Return on Equity
11.44%
Trailing 12-Months
Asset Growth
-3.64%
Trailing 12-Months
Company Description
Adeia
Adeia Inc. is a technology company engaged in research and development (R&D) and intellectual property (IP) licensing solutions. Adeia creates technologies for the media, entertainment, consumer electronics, and semiconductor industries. Adeia’s solutions are used for enhancing experience with connected devices including Pay-TV, OTT (over the top), multiscreen, imaging, data analytics, and computing solutions among others. Adeia was a part of Xperi Holding Corp. and became an independent company after the product business called Xperi Inc. was spun off in 2022. Adeia’s roots date back to 1990 and the company is headquartered in San Jose, California.
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ADEA Company Deck
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ADEA Earnings Call
Q3 2024
0:00 / 0:00
Earnings Call Sentiment|Neutral
The call highlighted significant achievements including new agreements, a strong renewal rate, and financial performance. However, challenges such as the ongoing litigation with Disney, a decline in Pay-TV subscribers, and adjusted revenue guidance due to timing uncertainties balanced the positive aspects.Read More>---
ADEA Stock 12 Month Forecast
Average Price Target
$17.00
▲(24.45% Upside)
Technical Analysis
Best Analysts Covering ADEA
1 Year
1 Year Success Rate
20/20 ratings generated profit
1 Year Average Return
+30.49%
reiterated a buy rating 18 days ago
Copying Hamed Khorsand's trades and holding each position for 1 Year would result in 100.00% of your transactions generating a profit, with an average return of +30.49% per trade.
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