JFG Wealth Management Reduces NVIDIA Stake Amid Market Activity

JFG Wealth Management LLC has decreased its holdings in NVIDIA Corporation (NASDAQ: NVDA) by 9.6% during the second quarter of 2023. The firm now owns 43,607 shares, following the sale of 4,650 shares. This investment represents 1.4% of JFG Wealth Management’s portfolio, making NVIDIA its eighth largest holding, with a valuation of approximately $6.89 million at the close of the reporting period.

The shift in JFG’s position reflects broader changes within the institutional investment landscape for NVIDIA. Several other hedge funds have also adjusted their stakes in the company. For instance, Brighton Jones LLC increased its holdings by 12.4% in the fourth quarter, acquiring an additional 35,815 shares to reach a total of 324,901 shares, valued at $43.63 million. Similarly, Bank Pictet & Cie Europe AG raised its stake by 1.0%, now owning 2,346,417 shares valued at $315.1 million after adding 22,929 shares.

Highview Capital Management LLC DE grew its position in NVIDIA by 6.7% during the same quarter, holding 58,396 shares worth approximately $7.84 million. Hudson Value Partners LLC increased its stake significantly by 30.7%, acquiring 11,900 shares to total 50,658 shares, valued at $6.81 million.

In addition, Wealth Group Ltd. raised its stake by 15.7% during the first quarter, now owning 6,598 shares worth around $715,000. Collectively, institutional investors hold 65.27% of NVIDIA’s stock.

Insider Transactions Highlight Market Activity

Recent insider trading activity has also attracted attention. On November 3, Colette Kress, NVIDIA’s Chief Financial Officer, sold 27,640 shares at an average price of $208.33, totaling approximately $5.76 million. Following this transaction, she retains ownership of 2,828,122 shares, valued at around $589.18 million, reflecting a 0.97% decrease in her ownership stake.

Moreover, on October 29, Jen Hsun Huang, the company’s Chief Executive Officer, sold 25,000 shares for about $5.20 million, leading to a slight reduction of 0.04% in his holdings, which now total 69,733,203 shares valued at approximately $14.50 billion. In total, insiders have sold 2,949,931 shares of NVIDIA stock over the past ninety days, which is valued at around $531.61 million. Currently, corporate insiders hold 4.17% of the company’s stock.

NVIDIA’s Stock Performance and Future Outlook

As of the latest trading session, NVIDIA’s stock opened at $182.41. The company has experienced a significant range over the past year, with a 52-week low of $86.62 and a high of $212.19. Key financial metrics indicate a strong performance, including a quick ratio of 3.71, a current ratio of 4.47, and a debt-to-equity ratio of only 0.06. NVIDIA’s market capitalization stands at $4.43 trillion, with a price-to-earnings ratio of 45.26.

NVIDIA recently reported its earnings for the last quarter, revealing an earnings per share (EPS) of $1.30, surpassing analysts’ expectations of $1.23 by $0.07. The company generated revenue of $57.01 billion, significantly exceeding the forecast of $54.66 billion. NVIDIA’s return on equity reached an impressive 99.24%, with a net margin of 53.01%—a substantial increase of 62.5% compared to the same quarter last year.

Looking ahead, analysts predict that NVIDIA Corporation will achieve an EPS of 2.77 for the current fiscal year. In addition, the company announced a quarterly dividend of $0.01 per share, set to be paid on December 26, 2023, to stockholders of record on December 4, 2023. This dividend represents an annualized payout of $0.04, with a dividend yield of 0.0%.

NVIDIA continues to provide innovative graphics and computing solutions globally, catering to markets in the United States, Taiwan, China, and beyond. The firm is known for its GeForce GPUs, gaming platforms, and advanced technologies in the automotive sector.

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