Maxim Group analyst Matthew Galinko maintained a Buy rating on Adeia (ADEA – Research Report) yesterday and set a price target of $14.00. The company’s shares opened today at $10.29.
Galinko covers the Technology sector, focusing on stocks such as SuperCom, Cepton, and American Software. According to TipRanks, Galinko has an average return of -5.7% and a 41.27% success rate on recommended stocks.
Adeia has an analyst consensus of Strong Buy, with a price target consensus of $15.00, implying a 45.77% upside from current levels. In a report released yesterday, BWS Financial also maintained a Buy rating on the stock with a $16.00 price target.
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The company has a one-year high of $12.37 and a one-year low of $6.42. Currently, Adeia has an average volume of 618.8K.
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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.
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