2-May-2024
Adeia enters into long-term IP license agreement with Astound Broadband
Seeking Alpha News (Tue, 30-Apr 9:37 AM ET)
Adeia Enters into Long-Term IP License Agreement with Astound Broadband
Globe Newswire (Tue, 30-Apr 8:30 AM ET)
Adeia Enters into Multi-year IP License Renewal with Altimedia
Globe Newswire (Tue, 23-Apr 8:30 AM ET)
Adeia Enters into IP License Agreement with Magenta Telekom
Globe Newswire (Thu, 18-Apr 8:30 AM ET)
Adeia to Release First Quarter 2024 Financial Results on May 6, 2024
Globe Newswire (Mon, 15-Apr 4:05 PM ET)
Adeia Renews Multi-year IP License Agreement with Paramount
Globe Newswire (Tue, 27-Feb 8:30 AM ET)
Adeia Announces Fourth Quarter And Full Year 2023 Financial Results
Globe Newswire (Tue, 20-Feb 4:05 PM ET)
Adeia Demonstrates Hybrid Bonding Technology During Chiplet Summit 2024
Globe Newswire (Tue, 6-Feb 8:30 AM ET)
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.
Adeia trades on the NASDAQ stock market under the symbol ADEA.
As of May 2, 2024, ADEA stock price climbed to $10.01 with 248,446 million shares trading.
ADEA has a beta of 1.18, meaning it tends to be more sensitive to market movements. ADEA has a correlation of 0.10 to the broad based SPY ETF.
ADEA has a market cap of $1.09 billion. This is considered a Small Cap stock.
Last quarter Adeia reported $87 million in Revenue and $.27 earnings per share. This fell short of revenue expectation by $-2 million and exceeded earnings estimates by $.02.
The top ETF exchange traded funds that ADEA belongs to (by Net Assets): IJR, CALF, VTI, VB, VGT.
ADEA has outperformed the market in the last year with a price return of +33.6% while the SPY ETF gained +23.2%. However, in the short term, ADEA had mixed performance relative to the market. It has underperformed in the last 3 months, returning -19.7% vs +3.6% return in SPY. But in the last 2 weeks, ADEA shares have fared better than the market returning +1.2% compared to SPY +0.9%.
ADEA support price is $9.58 and resistance is $10.02 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ADEA stock will trade within this expected range on the day.