Tue Sep 17 07:18:55 UTC 2024: ## Overbrook Management Corp Boosts NVIDIA Stake by 730%

**New York, NY (MarketBeat News) -** Overbrook Management Corp significantly increased its stake in NVIDIA Corporation (NASDAQ: NVDA) during the second quarter, according to the company’s latest filing with the Securities and Exchange Commission. The institutional investor now owns 261,947 shares of the computer hardware giant, representing an 8.2% share of their total holdings. This makes NVIDIA the second-largest holding in Overbrook Management Corp’s portfolio.

Several other institutional investors have also adjusted their positions in NVIDIA recently. Notable changes include:

* Lowe Wealth Advisors LLC purchasing a new stake worth $25,000.
* DHJJ Financial Advisors Ltd. increasing their holdings by 1,900% to a total of 200 shares valued at $25,000.
* FPC Investment Advisory Inc., CGC Financial Services LLC, and Koesten Hirschmann & Crabtree INC. all purchasing new stakes worth between $26,000 and $27,000.

Overall, hedge funds and other institutional investors currently own 65.27% of NVIDIA’s outstanding shares.

NVIDIA’s stock opened at $116.78 on Tuesday, with a 52-week low of $39.23 and a 52-week high of $140.76. The company’s strong performance is reflected in its market capitalization of $2.87 trillion.

In recent company news, NVIDIA announced a $50 billion share repurchase program, a move typically interpreted as a sign of confidence in the company’s future. They also declared a quarterly dividend of $0.01 per share, payable on October 3rd.

On the insider activity front, CEO Jen Hsun Huang sold 120,000 shares of NVIDIA stock in June, while CFO Colette Kress sold 100,000 shares.

Analysts are generally optimistic about NVIDIA’s future. Several firms have recently upgraded their price targets, with the average target currently standing at $142.10. MarketBeat rates the stock as a “Moderate Buy.”

**Disclaimer:** This news article is based on publicly available information and should not be considered investment advice. Please consult with a financial professional before making any investment decisions.

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