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Victory Capital Management Inc. has increased its position in Adeia Inc. (NASDAQ:ADEA) by 12.4% during the first quarter. The fund now owns 135,668 shares of Adeia’s stock after acquiring an additional 14,952 shares. The total worth of Victory Capital Management Inc.’s holdings in Adeia is ,202,000 as of the end of the quarter.

Several other hedge funds have also recently bought and sold shares of Adeia. TSP Capital Management Group LLC acquired a new stake in Adeia worth about ,540,000, while Lapides Asset Management LLC acquired a new stake worth approximately ,844,000 in the first quarter. New York State Teachers Retirement System and Allspring Global Investments Holdings LLC both purchased new stakes in Adeia, valued at approximately ,265,000 and ,093,000 respectively. Additionally, Mackenzie Financial Corp acquired a new position in Adeia worth ,090,000.

Shares of Adeia opened at .68 on Tuesday, with a fifty-day moving average of .01, and a two-hundred day moving average of .84. The firm has a market cap of .24 billion, a PE ratio of -4.08, and a beta of 1.20. Adeia has a quick ratio and current ratio of 2.12, and a debt-to-equity ratio of 1.89. The stock has seen a fifty-two week low of .52 and a fifty-two week high of .89.

Adeia reported earnings per share (EPS) of {TRESC}.46 for the most recent quarter, surpassing the consensus estimate of {TRESC}.21 by {TRESC}.25. The company’s net margin was -43.84% with a positive return on equity of 21.87%. Adeia had revenue of 7.31 million during the quarter, exceeding analyst estimates of .93 million. Analysts predict that Adeia Inc. will post earnings per share of 1.29 for the current year.

Adeia Inc., along with its subsidiaries, operates as a media and semiconductor intellectual property licensing company worldwide. The company licenses its innovations to various industries under the Adeia brand, including media, semiconductor, and consumer electronics manufacturers. It also licenses its patent portfolios across markets such as multi-channel video programming distributors, over-the-top video service and social media providers, and semiconductors.

For more information on Adeia’s shareholders and filings, visit HoldingsChannel.com.

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