Snack-Sized Version:
Walter & Keenan Wealth Management LLC reduced its stake in NVIDIA by 11.6% during Q4, selling 3,530 shares. The company now holds 26,887 shares worth $3.61 million. NVIDIA makes up 1.1% of the investment portfolio, ranking as the 24th largest position. Other institutional investors, like Geode Capital and UBS, have also adjusted their positions. The stock has a 52-week low of $75.61 and a high of $153.13, with a market cap of $2.82 trillion. NVIDIA reported earnings of $0.89 per share, beating expectations, and declared a $0.01 dividend.
Read the Full Meal:
Walter & Keenan Wealth Management LLC reduced its position in NVIDIA by 11.6% during the fourth quarter, according to its 13F filing with the SEC. The firm sold 3,530 shares, leaving it with a total of 26,887 shares valued at $3.61 million. This change makes NVIDIA the 24th largest holding in the company’s investment portfolio, comprising just 1.1% of its total assets.
Other institutional investors also made adjustments to their holdings in NVIDIA. For instance, Geode Capital increased its position by 2.2%, and UBS AM raised its stake by 3.8%. In total, institutional investors own 65.27% of NVIDIA stock. This trend reflects continued investor interest in the company despite market fluctuations.
NVIDIA stock has had a volatile 52-week range, with a low of $75.61 and a high of $153.13. The stock is currently trading around $115.74, with a moving average of $130.17 over the last 50 days. Despite recent declines, NVIDIA maintains a strong market presence with a market capitalization of $2.82 trillion and impressive financial metrics, including a return on equity of 114.83%.
Recently, the company posted its quarterly earnings for the period ending February 26, reporting earnings of $0.89 per share, which surpassed analysts’ expectations of $0.84. NVIDIA’s net margin stands at a robust 55.69%, highlighting its strong financial health. The company also declared a quarterly dividend of $0.01 per share, with a yield of 0.03%. This dividend reflects NVIDIA’s commitment to rewarding shareholders, even as insiders, including CFO Colette Kress, have sold significant portions of their stock holdings in recent months.
