All Stars Investment Ltd Acquires NVIDIA Shares as Demand Remains Strong
NVIDIA Corporation's (NASDAQ:NVDA) shares have been acquired by All Stars Investment Ltd, according to a recent 13F filing with the SEC. The company purchased 4,000 shares of NVIDIA's stock in the second quarter, valued at approximately $800,000.
This acquisition represents 0.4% of All Stars Investment Ltd's portfolio and makes NVIDIA its seventh largest holding. Other large investors have also modified their holdings of NVIDIA, with Bank of America Corp DE raising its position by 2.1% in the first quarter and Invesco Ltd boosting its stake by 0.3% in the fourth quarter.
NVIDIA has a market cap of $5.42 trillion and a price-to-earnings ratio of 28.45. The company reported earnings per share of $2.22 for the latest quarter, surpassing analyst estimates. As a group, sell-side analysts expect NVIDIA to post 9.25 earnings per share for the current year.
NVIDIA's quarterly revenue was up 105.9% compared to the same quarter last year, and the company has declared a quarterly dividend of $0.25 per share. The stock has a dividend payout ratio of 12.64% and a beta of 2.22.