JFG Wealth Management Reduces Stake in NVIDIA by 9.6%

JFG Wealth Management LLC has reduced its stake in NVIDIA Corporation (NASDAQ: NVDA) by **9.6%** during the second quarter of 2023. According to Holdings Channel, the firm now holds **43,607 shares** of the computer hardware manufacturer after selling **4,650 shares** in this period. NVIDIA represents **1.4%** of JFG Wealth Management’s investment portfolio, making it the company’s **eighth largest holding** with a valuation of approximately **$6,890,000** at the close of the reporting period.

Multiple institutional investors have recently adjusted their positions in NVIDIA, reflecting a dynamic investment landscape. Brighton Jones LLC increased its stake by **12.4%** in the fourth quarter, bringing its total to **324,901 shares** valued at **$43,631,000** after acquiring an additional **35,815 shares**. Similarly, Bank Pictet & Cie Europe AG raised its holdings in NVIDIA by **1.0%**, resulting in ownership of **2,346,417 shares** worth **$315,100,000** following the purchase of **22,929 shares**.

Highview Capital Management LLC DE enhanced its position by **6.7%**, amassing **58,396 shares** valued at **$7,842,000** after buying **3,653 shares**. Hudson Value Partners LLC saw a significant increase of **30.7%**, now owning **50,658 shares** valued at **$6,805,000** after acquiring **11,900 shares**. Wealth Group Ltd. also reported a **15.7%** increase in its stake during the first quarter, with **6,598 shares** valued at **$715,000** after an additional **896 shares** were purchased. Overall, hedge funds and other institutional investors own **65.27%** of NVIDIA’s stock.

In related news, insider trading activity has been notable. Chief Financial Officer **Colette Kress** sold **27,640 shares** on **November 3, 2023**, at an average price of **$208.33**, totaling **$5,758,241.20**. Post-transaction, Kress retains **2,828,122 shares**, valued at approximately **$589,182,656.26**, indicating a **0.97%** decrease in her ownership. The transaction details were disclosed in a filing with the Securities and Exchange Commission (SEC).

Additionally, CEO **Jen Hsun Huang** sold **25,000 shares** on **October 29, 2023**, achieving a total value of **$5,197,750.00** at an average price of **$207.91**. Following this sale, Huang continues to hold **69,733,203 shares**, valued at around **$14,498,230,235.73**, reflecting a **0.04%** decrease in his position. In total, insiders have sold **2,949,931 shares** valued at **$531,605,955** over the past ninety days, with corporate insiders currently owning **4.17%** of the stock.

NVIDIA’s Recent Performance and Earnings Update

As of the latest trading session, NVIDIA shares are down **0.5%**, opening at **$182.41**. The stock has experienced a **52-week low** of **$86.62** and a **high** of **$212.19**. The company reported a **50-day simple moving average** of **$187.13** and a **200-day simple moving average** of **$171.82**. With a market capitalization of **$4.43 trillion**, NVIDIA’s **P/E ratio** stands at **45.26** and a **P/E/G ratio** of **0.90**. The firm has a **quick ratio** of **3.71** and a **current ratio** of **4.47** with a low **debt-to-equity ratio** of **0.06**.

NVIDIA Corporation announced its earnings results on **November 19, 2023**, reporting earnings of **$1.30 per share**, surpassing analysts’ expectations of **$1.23** by **$0.07**. The company achieved revenue of **$57.01 billion**, exceeding the forecast of **$54.66 billion**. NVIDIA’s return on equity stands impressively at **99.24%**, with a net margin of **53.01%**, marking an increase of **62.5%** compared to the same quarter last year, when it reported earnings of **$0.81 per share.**

Looking ahead, analysts anticipate NVIDIA will post **$2.77 earnings per share** for the current fiscal year.

Dividend Announcement

NVIDIA recently declared a quarterly dividend, set to be paid on **December 26, 2023**. Shareholders on record as of **December 4, 2023**, will receive a dividend of **$0.01 per share**, with an ex-dividend date also on **December 4**. This dividend represents an annualized amount of **$0.04**, yielding **0.0%**, with a current dividend payout ratio of **0.99%**.

NVIDIA Corporation continues to lead in providing advanced graphics and computing solutions globally, including in the United States, Taiwan, China, and Hong Kong. Its product offerings span from GeForce GPUs for gaming to enterprise graphics and virtual computing solutions, reinforcing its significant presence in the tech industry.