The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Adeia (ADEA) .ADEIA INC currently has an average brokerage recomm ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Adeia (ADEA) .Adeia currently has an average brokerage recommenda ...

While it’s tempting to jump on a company like Nvidia (NASDAQ:NVDA), at some point, it won’t match expectations, which brings us to a discussion about underappreciated tech stocks. They’re nowhere near as enticing as NVDA. However, they could offer superior returns.That might sound like an arrogant if not irrational proposition. But the thing is, a company that has already exceeded expectations can only aim higher to enjoy similar praise. On the flipside, the reduced expectations of diamond-in-the-rough tech ...

SAN JOSE, Calif., Feb. 27, 2024 (GLOBE NEWSWIRE) -- Adeia Inc. (NASDAQ:ADEA), the company whose patented innovations shape the way the world explores and experiences entertainment, today announced that Paramount has renewed a multi-year license agreement for Adeia's media intellectual property (IP) portfolio. Paramount+ continues to be one of the fastest growing streaming services and in the third quarter of 2023 Paramount+ reported over 63M subscribers. Beyond its strong subscription operations, Paramount ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-39304 ADEIA INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 84-4734590 (State or Other Jurisdiction of (I.R.S. Employer Incorporation or Organizati ...

Financial Data and Key Metrics Changes - The company reported revenue of $87 million for Q4 2023, with adjusted EBITDA of $54 million, reflecting strong financial performance [7][22] - Operating expenses for Q4 were $33.2 million, a 7% increase from the prior quarter, driven by higher R&D and SG&A expenses [23] - The company ended Q4 with $83.6 million in cash and generated $39.4 million in cash from operations, while making $29.1 million in principal debt payments [25] Business Line Data and Key Metrics Changes - The company signed eight agreements in Q4, including two new agreements and six renewals, indicating strong deal execution [6][7] - Significant new agreements included a license with a leading international social media company and a renewal with Breezeline, a major Pay-TV operator [7][22] - The company achieved a record growth of over 11% in its patent portfolio during 2023, exceeding its goal of 10% [10] Market Data and Key Metrics Changes - The company is focusing on expanding its presence in the OTT market, which is expected to offset declines in Pay-TV and become a significant revenue contributor [10][13] - The semiconductor market is targeted for growth, with a goal of generating $100 million in annual revenue from this segment [9] Company Strategy and Development Direction - The company aims to achieve $500 million in annual revenue by maintaining its recurring revenue base and penetrating large markets like OTT and semiconductors [13][14] - Strategic investments are being made in R&D, particularly in media and semiconductor portfolios, to support long-term growth [12][28] - A new co-optimization initiative is being launched to enhance the efficiency and cost-effectiveness of existing and future solutions [20] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about 2024, highlighting plans for increased investments in R&D and business development to capitalize on growth opportunities [12][31] - The company anticipates revenue for 2024 to be in the range of $380 million to $420 million, with a focus on maintaining high renewal rates and acquiring new customers [26][30] Other Important Information - The company paid a cash dividend of $0.05 per share in Q4 2023, with another dividend scheduled for March 2024 [26] - The company repaid $148 million of its debt in 2023, utilizing 99% of its free cash flow for debt repayments [25] Q&A Session Summary Question: Details on the social media customer license - The company signed a license with a significant international social media company, covering a large portion of the social media market, relevant to video playback and recommendation systems [34] Question: Legal expenses doubling - Legal expenses are expected to return to historical norms, with ongoing litigation contributing to the increase, but the company aims to resolve most issues through negotiated deals [36] Question: Likelihood of signing OTT service providers - The company anticipates continued success in signing OTT service providers in 2024, building on momentum from previous deals [39] Question: Business development and sales activities - The company is expanding resources and expertise in business development, particularly in adjacent markets like semiconductors and OTT, with increased spending expected in 2024 [42][43] Question: Incremental thoughts on Western Digital and Kioxia deals - The company expects to see increased revenue contributions from Western Digital and Kioxia as their product ramps up, indicating long-term growth potential [46]

Q4 2023 Earnings February 20, 2024 Safe Harbor ...

Adeia (ADEA) closed at $12.95 in the latest trading session, marking a +0.86% move from the prior day. This move outpaced the S&P 500's daily gain of 0.06%. Elsewhere, the Dow gained 0.13%, while the tech-heavy Nasdaq added 0.24%.Shares of the provider of chip technology for small electronic devices witnessed a gain of 8.81% over the previous month, beating the performance of the Business Services sector with its gain of 7.07% and the S&P 500's gain of 6.45%.The investment community will be closely monitori ...

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 bonding technology at the Chiplet Summit on February 6 through 8, 2024, at the Santa Clara Convention Center. Over the past 30 years, Adeia has pioneered fundamental advances in the semiconductor industry. With an extensive and growing portfolio of intellectual property covering hybrid bonding, advanced process n ...

Adeia (ADEA) ended the recent trading session at $12.53, demonstrating no swing from the preceding day's closing price. This change lagged the S&P 500's 1.07% gain on the day. Elsewhere, the Dow saw an upswing of 0.35%, while the tech-heavy Nasdaq appreciated by 1.74%.Heading into today, shares of the provider of chip technology for small electronic devices had gained 2.12% over the past month, lagging the Business Services sector's gain of 3.12% and the S&P 500's gain of 2.93% in that time.Analysts and inv ...