Wed Sep 25 07:46:54 UTC 2024: ## Modera Wealth Management Boosts NVIDIA Holdings by Over 900%

**New York, NY (MarketBeat News) –** Modera Wealth Management LLC significantly increased its stake in NVIDIA Corporation (NASDAQ: NVDA) during the second quarter, acquiring an additional 104,540 shares, according to filings with the Securities and Exchange Commission. This represents a 967.2% boost in their holdings, bringing their total ownership to 115,348 shares valued at $14,250,000.

Modera’s move mirrors the sentiment of other institutional investors, with several increasing their positions in NVIDIA during the fourth quarter. Aveo Capital Partners LLC, Gryphon Financial Partners LLC, Financial Advisors Network Inc., and Union Savings Bank all reported growth in their NVDA holdings, highlighting the growing confidence in the computer hardware maker. Additionally, Tidemark LLC acquired a new position in NVIDIA worth approximately $470,000.

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

**Insider Trading Activity:**

Meanwhile, recent insider trading activity suggests mixed sentiment. Donald F. Robertson, Jr., an NVIDIA insider, sold 4,500 shares on September 20th at an average price of $116.51, totaling $524,295.00. CFO Colette Kress also sold 66,670 shares on the same day for $7,773,055.30.

**Company Performance and Outlook:**

NVIDIA reported strong quarterly earnings on August 28th, exceeding analysts’ expectations with $0.68 earnings per share and $30.04 billion in revenue. This strong performance, coupled with NVIDIA’s recent authorization of a $50.00 billion stock buyback program, suggests the company is optimistic about its future prospects. Analysts predict NVIDIA will post 2.64 earnings per share for the current year.

**Stock Performance:**

NVIDIA shares opened at $120.87 on Wednesday, with a market cap of $2.97 trillion. The company’s 50-day moving average price is $115.64, and its 200-day moving average price is $107.64. NVIDIA’s stock has had a strong year, reaching a 52-week high of $140.76.

**Conclusion:**

Institutional investors’ continued bullish sentiment on NVIDIA, alongside the company’s recent strong performance and promising outlook, suggests the stock remains a potential investment opportunity. However, investors should consider insider trading activity and other market factors before making any investment decisions.

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