NVIDIA Remains Top Holding for Large Investors Amid Share Buyback Plans

NVIDIA Corporation (NASDAQ:NVDA) is a major player in the computer hardware market, and several large investors have been adjusting their holdings in the company. Wedbush Securities Inc. decreased its holdings in shares of NVIDIA by 0.7% in the second quarter, according to the company's most recent Form 13F filing with the Securities & Exchange Commission.

The firm owned 926,896 shares of the computer hardware maker's stock after selling 6,414 shares during the period. NVIDIA comprises 4.8% of Wedbush Securities Inc.'s portfolio, making the stock its 3rd biggest holding. Wedbush Securities Inc.'s holdings in NVIDIA were worth $185,463,000 as of its most recent SEC filing.

Other large investors have also been adjusting their holdings in NVIDIA. Bank of America Corp DE grew its holdings in NVIDIA by 2.2% during the 2nd quarter. Invesco Ltd. increased its holdings in NVIDIA by 0.3% in the fourth quarter. J. Stern & Co. LLP raised its position in shares of NVIDIA by 13,709.1% in the 4th quarter.

NVIDIA declared that its board has authorized a share buyback plan on Monday, September 28th that authorizes the company to buy back $150.00 billion in shares. This buyback authorization authorizes the computer hardware maker to buy up to 2.8% of its shares through open market purchases.