Fri Sep 20 08:39:10 UTC 2024: ## NVIDIA (NVDA) Sees Increased Institutional Interest Amidst Insider Stock Sales

**[City, State] -** NVIDIA Corporation (NASDAQ: NVDA), a leading provider of graphics and computing solutions, has seen a surge in institutional investment during the recent quarter, according to data from Holdings Channel.

**LS Investment Advisors LLC significantly boosted its holdings in NVDA by a staggering 2,081.2%,** acquiring an additional 43,018 shares, bringing their total ownership to 45,085 shares worth $5,570,000.

Several other notable institutional investors have also increased their stakes in NVDA. **Bedel Financial Consulting Inc. raised its position by 10.7%, while McAdam LLC saw a significant increase of 945.0% in its holdings.**

However, these moves come amidst insider selling activity. **CEO Jen-Hsun Huang sold 120,000 shares on September 11th, bringing his total ownership down to 75,655,836 shares.** This sale follows a similar transaction by CFO Colette Kress on June 24th, where she sold 100,000 shares.

Despite these insider transactions, analysts remain bullish on NVDA. **New Street Research upgraded its rating to “buy” from “neutral,” while Wells Fargo & Company increased its price target to $165.00.**

NVIDIA’s recent earnings report revealed strong performance, with revenue exceeding analyst expectations. The company also announced a $50 billion share buyback plan, indicating confidence in its future prospects.

**Overall, NVIDIA remains a popular choice for institutional investors, with 65.27% of the stock owned by such entities. However, insider selling activity adds a layer of complexity to the stock’s outlook.**

**This article is for informational purposes only and should not be construed as financial advice.**

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