Adeia Inc. (ADEA)

NASDAQ: ADEA · IEX Real-Time Price · USD
11.86
-0.26 (-2.15%)
At close: Feb 20, 2024, 4:00 PM
11.30
-0.56 (-4.72%)
After-hours: Feb 20, 2024, 7:58 PM EST
-2.15%
Market Cap 1.24B
Revenue (ttm) 405.21M
Net Income (ttm) 128.40M
Shares Out 104.27M
EPS (ttm) 1.13
PE Ratio 10.50
Forward PE 9.19
Dividend $0.20 (1.69%)
Ex-Dividend Date Nov 24, 2023
Volume 633,066
Open 11.96
Previous Close 12.12
Day's Range 11.72 - 12.05
52-Week Range 7.12 - 13.39
Beta 1.17
Analysts Buy
Price Target 16.00 (+34.91%)
Earnings Date Feb 20, 2024

About ADEA

Adeia Inc., together with its subsidiaries, operates as a media and semiconductor intellectual property licensing company worldwide. The company licenses its innovations to media and semiconductor industries and companies under the Adeia brand. It 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 li... [Read more]

Sector Technology
Founded 1990
Employees 120
Stock Exchange NASDAQ
Ticker Symbol ADEA
Full Company Profile

Financial Performance

In 2022, Adeia's revenue was $438.93 million, an increase of 12.20% compared to the previous year's $391.21 million. Losses were -$295.88 million, 433.5% more than in 2021.

Financial Statements

Analyst Forecast

According to one analyst, the rating for ADEA stock is "Buy" and the 12-month stock price forecast is $16.0.

Price Target
$16.0
(34.91% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Adeia Announces Fourth Quarter And Full Year 2023 Financial Results

Signed 8 deals in the fourth quarter and 32 in 2023 across both media and semiconductor Paid down $29 million of debt in fourth quarter and $148 million in 2023 SAN JOSE, Calif., Feb. 20, 2024 (GLOBE ...

5 hours ago - GlobeNewsWire

Adeia Demonstrates Hybrid Bonding Technology During Chiplet Summit 2024

SANTA CLARA, Calif., Feb. 06, 2024 (GLOBE NEWSWIRE) -- Adeia Inc. (Nasdaq: ADEA), the company whose patented innovations enhance billions of devices, today announced that it is showcasing its hybrid b...

14 days ago - GlobeNewsWire

Adeia to Release Fourth Quarter and Full Year 2023 Financial Results on February 20, 2024

SAN JOSE, Calif., Jan. 29, 2024 (GLOBE NEWSWIRE) -- Adeia Inc. (Nasdaq: ADEA) (the "Company"), will announce its financial results for the fourth quarter and full year ended December 31, 2023, on Tues...

22 days ago - GlobeNewsWire

Adeia Renews Media IP License Agreement with Funai

SAN JOSE, Calif., Jan. 11, 2024 (GLOBE NEWSWIRE) -- Adeia Inc. (Nasdaq: ADEA), the company whose patented innovations shape the way the world explores and experiences entertainment, today announced th...

5 weeks ago - GlobeNewsWire

Adeia to Participate in Wells Fargo 7th Annual TMT Summit on November 28

SAN JOSE, Calif., Nov. 20, 2023 (GLOBE NEWSWIRE) -- Adeia Inc. (Nasdaq: ADEA) today announced that Paul E.

3 months ago - GlobeNewsWire

Adeia Announces Third Quarter 2023 Financial Results

Closed important renewals with consumer electronics and OTT customers Strong financial results highlighted by over $100 million in revenue SAN JOSE, Calif., Nov. 06, 2023 (GLOBE NEWSWIRE) -- Adeia Inc...

3 months ago - GlobeNewsWire

Phyllis Turner-Brim Joins Adeia's Board of Directors

SAN JOSE, Calif., Nov. 06, 2023 (GLOBE NEWSWIRE) -- Adeia Inc. (Nasdaq: ADEA) today announced that veteran intellectual property (IP) attorney and advisor, Phyllis Turner-Brim, joined Adeia's board of...

3 months ago - GlobeNewsWire

Adeia to Participate in Stephens Investor Conference on November 16

SAN JOSE, Calif., Nov. 02, 2023 (GLOBE NEWSWIRE) -- Adeia Inc. (Nasdaq: ADEA) today announced that Paul E.

3 months ago - GlobeNewsWire

Adeia to Release Third Quarter 2023 Financial Results on November 6, 2023

SAN JOSE, Calif., Oct. 16, 2023 (GLOBE NEWSWIRE) -- Adeia Inc. (Nasdaq: ADEA) (the "Company"), will announce its financial results for the third quarter ended September 30, 2023, on Monday, November 6...

4 months ago - GlobeNewsWire

Adeia Enters into Long-Term IP License Renewal with Samsung for Mobile Devices

SAN JOSE, Calif., Oct. 02, 2023 (GLOBE NEWSWIRE) -- Adeia Inc. (Nasdaq: ADEA), the company whose patented innovations shape the way the world explores and experiences entertainment, today announced th...

5 months ago - GlobeNewsWire

Adeia Files Breach-of-Contract Lawsuit Against Shaw

SAN JOSE, Calif., Oct. 02, 2023 (GLOBE NEWSWIRE) -- Adeia Inc. (Nasdaq: ADEA) (“Adeia”), the company whose patented innovations shape the way the world explores and experiences entertainment, announce...

5 months ago - GlobeNewsWire

Adeia Renews IP License Agreement with Germany's TechniSat

SAN JOSE, Calif., Sept. 12, 2023 (GLOBE NEWSWIRE) -- Adeia Inc. (Nasdaq: ADEA), the company whose patented innovations shape the way the world explores and experiences entertainment, today announced t...

5 months ago - GlobeNewsWire

Adeia and NVIDIA Resolve Litigation

SAN JOSE, Calif., Sept. 11, 2023 (GLOBE NEWSWIRE) -- Adeia Inc. (Nasdaq: ADEA) (“Adeia” or the “Company”), the company whose patented innovations enhance billions of devices, today announced that NVID...

5 months ago - GlobeNewsWire

Jarl Berntzen joins Adeia as Chief Corporate Development Officer

SAN JOSE, Calif., Sept. 07, 2023 (GLOBE NEWSWIRE) -- Adeia Inc. (Nasdaq: ADEA) today announced that Jarl Berntzen joined Adeia as the company's chief corporate development officer on September 5, 2023...

5 months ago - GlobeNewsWire

Adeia to Participate in Upcoming Investor Conferences

SAN JOSE, Calif., Aug. 15, 2023 (GLOBE NEWSWIRE) -- Adeia Inc. (Nasdaq: ADEA) today announced participation in the following investor and industry conferences:

6 months ago - GlobeNewsWire

Adeia Announces Second Quarter 2023 Financial Results

Achieved over $200 million of revenue for first half of 2023 Closed nine deals in the quarter Paid down $114 million of debt since separation

7 months ago - GlobeNewsWire

Adam Rymer joins Adeia's Board of Directors

SAN JOSE, Calif., Aug. 07, 2023 (GLOBE NEWSWIRE) -- Adeia Inc. (Nasdaq: ADEA) today announced that Adam Rymer joined Adeia's board of directors as of Friday, August 4, 2023.

7 months ago - GlobeNewsWire

Two Value Tech Stocks Trading Near a Breakout Level

In today's ever-evolving investment landscape, technology has emerged as a clear standout, surpassing the broader market with its remarkable performance year-to-date. YTD, popular technology ETF Inves...

Other symbols: DIOD
7 months ago - MarketBeat

Adeia to Release Second Quarter 2023 Financial Results on August 7, 2023

SAN JOSE, Calif., July 17, 2023 (GLOBE NEWSWIRE) -- Adeia Inc. (Nasdaq: ADEA) (the "Company"), will announce its financial results for the second quarter ended June 30, 2023, on Monday, August 7, 2023...

7 months ago - GlobeNewsWire

Adeia Renews IP License Agreement with Enseo to Enable Innovative Digital Entertainment Services for the Hospitality Industry

SAN JOSE, Calif., July 11, 2023 (GLOBE NEWSWIRE) -- Adeia Inc. (Nasdaq: ADEA), the company whose innovations shape the way the world explores and experiences entertainment, today announced that it has...

8 months ago - GlobeNewsWire

Freeview Australia Signs Multi-Year Media IP License Renewal with Adeia, Meeting the Growing Demand for Broadcast Video-On-Demand Content in Australia

SAN JOSE, Calif., June 15, 2023 (GLOBE NEWSWIRE) -- Adeia Inc. (Nasdaq: ADEA), the company whose innovations shape the way the world explores and experiences entertainment, today announced that Freevi...

8 months ago - GlobeNewsWire

Adeia Renews IP License Agreement with Japan's Bandai Namco Filmworks

SAN JOSE, Calif., June 01, 2023 (GLOBE NEWSWIRE) -- Adeia Inc. (Nasdaq: ADEA), the company whose patented innovations shape the way the world explores and experiences entertainment, today announced th...

9 months ago - GlobeNewsWire

Adeia Renews IP License Agreement with TVStorm

SAN JOSE, Calif., May 10, 2023 (GLOBE NEWSWIRE) -- Adeia Inc. (Nasdaq: ADEA), the company whose patented innovations shape the way the world explores and experiences entertainment, today announced tha...

10 months ago - GlobeNewsWire

Adeia to Participate in the 18th Annual Needham Technology & Media Conference on May 16, 2023

SAN JOSE, Calif., May 09, 2023 (GLOBE NEWSWIRE) -- Adeia Inc. (Nasdaq: ADEA) ("Adeia") today announced that Paul E. Davis, chief executive officer, and Keith Jones, chief financial officer, will parti...

10 months ago - GlobeNewsWire

Adeia Announces First Quarter 2023 Financial Results

New deal wins drive strong financial performance Paid down $94 million of debt since separation SAN JOSE, Calif., May 08, 2023 (GLOBE NEWSWIRE) -- Adeia Inc. (Nasdaq: ADEA) (the “Company” or “Adeia”) ...

10 months ago - GlobeNewsWire