Lipe & Dalton Bolsters NVIDIA Holdings to $509,000 during Q3

During the third quarter, investment firm Lipe & Dalton amplified its NVIDIA Corporation (NASDAQ:NVDA) share portfolio by 4.5%, as per information provided by HoldingsChannel. This acquisition of an additional 50 shares brought the fund's total ownership to 1,170 shares of the well-regarded computer hardware maker. After this expansion, the value of Lipe & Dalton's NVIDIA holdings amounted to an estimated $509,000, according to the latest filing with the Securities and Exchange Commission.

Raised Investments by Institutional Entities

Alongside Lipe & Dalton, multiple other institutional investors and hedge funds have adjusted their stakes in NVIDIA. Notable movements include Beaton Management Co. Inc.'s 3.9% stake increase, which resulted in 6,806 owned shares valued at about $2.96 million. Aspire Private Capital LLC significantly raised its NVIDIA shares by 163.5%, reaching an ownership of 2,111 shares worth approximately $919,000.

Firms such as Magnolia Capital Advisors LLC and STF Management LP have also reported increased NVIDIA stakes of 17.8% and 24.2%, respectively, marking their share counts and valuations at 1,222 and 18,842 with corresponding values of $503,000 and $8.2 million. Additionally, SP Asset Management LLC expanded its NVIDIA holding by 3.6%, which now stands at 11,780 shares with a value of over $5.12 million.

Significant Insider Trading Events

In related insider developments, NVIDIA Director Mark A. Stevens sold 10,000 shares of the company’s stock at an average price of $483.18, totaling a sale value of $4,831,800. After the sale, Stevens still owns 989,831 shares of the company, now valued at approximately $478.27 million. In separate transactions, NVIDIA Director Dawn E. Hudson sold 1,000 shares at $492.52 each, and details of these sales are available in legal filings with the SEC.

NVIDIA's Market and Financial Performance

NVIDIA's stock began trading at $661.60 on a recent trading day with a notable debt-to-equity ratio, current and quick ratios, and a market cap that stands at $1.63 trillion. Earnings per share in the previous quarter surpassed expectations, and the company witnessed a significant 205.5% year-on-year revenue growth.

The firm also has a modest dividend policy, with the most recent dividend payout representing a $0.16 annualized distribution and a yield of 0.02%. In the domain of equity research, NVIDIA generally holds a favorable analyst consensus, with many maintaining buy ratings and a few stronghold and sell suggestions.

Company Overview

NVIDIA Corporation is a versatile technology leader that delivers an array of graphics, compute, and networking solutions across key global markets. It caters to various segments with pioneering products, including GPUs for gaming, cloud-based visual and virtual computing, and platforms for automotive infotainment systems.

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