BWS Financial analyst Hamed Khorsand maintained a Buy rating on Adeia (ADEA – Research Report) today and set a price target of $16.00. The company’s shares opened today at $7.77.
According to TipRanks, Khorsand is a 5-star analyst with an average return of 10.4% and a 54.37% success rate. Khorsand covers the Technology sector, focusing on stocks such as ATN International, Netgear, and Immersion.
Currently, the analyst consensus on Adeia is a Strong Buy with an average price target of $15.00.
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Based on Adeia’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $510.67 million. In comparison, last year the company earned a revenue of $226.62 million and had a GAAP net loss of $20.08 million
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Xperi Corp. engages in creating, developing and licensing audio, imaging, semiconductor packaging and interconnect technologies. It operates through the following two segments: Product Licensing and Semiconductor & IP Licensing. The Product Licensing segment comprises of audio and imaging businesses, which licenses through the DTS, FotoNation, HD Radio, and IMAX Enhanced brands. The Semiconductor & IP Licensing segment licenses semiconductor packaging and interconnects technologies and associated intellectual property. The company was founded in 1990 and is headquartered in San Jose, CA.
Read More on ADEA:
- Christina Sawyer joins Adeia as Chief People Officer
- Adeia announces Christina Sawyer as chief people officer
- Adeia to Release First Quarter 2023 Financial Results on May 8, 2023
- Adeia signs semiconductor patent license agreement with Kioxia
- Adeia signs semiconductor patent license agreement with Western Digital
