Adeia (ADEA)

• Market cap: $1.41B
• 1 day: 1.25%
• 5 days: 0.16%
• 1 month: -10.03%
• 3 months: 3.61%
• 6 months: 9.03%
• Year to date: -5.90%
• 1 year: 18.32%
• 5 years: -30.95%
• 10 years: -65.32%
• Sector: Communication Services
• Industry: Cable & Other Pay Television Services

About: Adeia Inc is a consumer and entertainment product/solutions licensing company. Its only operating segment being Intellectual Property Licensing (IP). In the IP segment, it primarily license innovations to leading companies in the broader entertainment industry, and those developing new technologies that will help drive this industry forward. It includes Pay-TV, Consumer Electronics, Connected Car, and Media Platform.

Employees: 144

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

2,826% more call options, than puts

Call options by funds: $1.14M | Put options by funds: $39K

32% more first-time investments, than exits

New positions opened: 25 | Existing positions closed: 19

26% more repeat investments, than reductions

Existing positions increased: 78 | Existing positions reduced: 62

6% more capital invested

Capital invested by funds: $1.2B [Q2] → $1.26B (+$67.4M) [Q3]

3% more funds holding

Funds holding: 196 [Q2] → 201 (+5) [Q3]

1.15% less ownership

Funds ownership: 98.59% [Q2] → 97.44% (-1.15%) [Q3]

50% less funds holding in top 10

Funds holding in top 10: 2 [Q2] → 1 (-1) [Q3]

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $16 24% upside
• Avg. target: $17 32% upside
• High target: $18 39% upside

2 analyst ratings

• positive: 2 100%
• neutral: 0 0%
• negative: 0 0%

BWS Financial Hamed Khorsand 64% 1-year accuracy 106 / 166 met price target	24% upside $16	Buy Maintained	13 Jan 2025
Rosenblatt Kevin Cassidy 63% 1-year accuracy 34 / 54 met price target	39% upside $18	Buy Maintained	12 Dec 2024