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NewEdge Wealth LLC Purchases Shares of 53,691 Adeia Inc. $ADEA
NewEdge Wealth LLC recently acquired 53,691 shares of Adeia Inc. (NASDAQ:ADEA) valued at $902,000, initiating a new position in the company. Other institutional investors like JPMorgan Chase & Co. and Public Sector Pension Investment Board also increased their holdings, contributing to Adeia’s high institutional ownership of 97.36%. Analysts currently maintain a “Buy” rating for Adeia, with a consensus target price of $22.00, while the stock trades near $19.