Fri Sep 20 09:12:52 UTC 2024: ## NVIDIA Sees Strong Institutional Interest Amidst Insider Selling

**New York, NY – September 20, 2024** – NVIDIA Corporation (NASDAQ: NVDA), the leading computer hardware maker, continues to attract significant institutional interest despite recent insider selling activity. Richardson Capital Management LLC significantly increased its stake in NVDA during the second quarter, purchasing an additional 4,290 shares, boosting its holding by 934.6%. This made NVDA the firm’s 12th largest holding.

Other institutional investors also showed strong confidence in the company. Aveo Capital Partners LLC, Gryphon Financial Partners LLC, Quadrant Capital Group LLC, Fairhaven Wealth Management LLC, and Laffer Tengler Investments Inc. all increased their holdings in NVDA during the fourth quarter. Hedge funds and other institutional investors now own 65.27% of the company’s stock.

However, NVDA’s CEO Jen Hsun Huang sold 120,000 shares of the company’s stock on August 5th, for a total value of $11,977,200.00. Similarly, Director Mark A. Stevens sold 385,000 shares on July 9th, generating $50,334,900.00. While these sales might raise eyebrows, insiders still own 4.23% of the company’s stock.

The company’s recent financial performance has been strong. NVDA exceeded analyst expectations in its most recent earnings report, reporting $0.68 earnings per share and revenue of $30.04 billion. Additionally, NVDA’s Board of Directors approved a $50.00 billion stock buyback program, reflecting confidence in the company’s future prospects.

Despite insider selling and a recent dividend announcement of $0.01 per share, the stock continues to trade at a strong price, reaching $117.87 on Friday. NVDA remains a highly sought-after stock with a market capitalization of $2.90 trillion.

Investors will be watching closely to see if the strong institutional interest can outweigh recent insider selling activity and propel NVDA to new highs in the coming months.

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