Arista Wealth Management Increases Stake in NVIDIA

NVIDIA Corporation (NASDAQ:NVDA) has seen its stock acquired by Arista Wealth Management LLC in the second quarter, according to recent SEC filings.

Arista Wealth Management's holdings in NVIDIA increased by 4.0% during the period, with the company purchasing an additional 2,438 shares. The fund now owns 64,145 shares of the computer hardware maker's stock, worth $12,835,000 as of its most recent SEC filing.

This is not an isolated incident, as several other institutional investors and hedge funds have also recently added to or reduced their stakes in NVDA. For example, Brighton Jones LLC lifted its position in shares of NVIDIA by 12.4% during the fourth quarter, while Bank Pictet & Cie Europe AG grew its position in shares of NVIDIA by 1.0%.

NVIDIA's stock has a market capitalization of $5.26 trillion and a price-to-earnings ratio of 33.32. The company reported earnings per share (EPS) of $1.87 for the quarter, topping analysts' consensus estimates of $1.76 by $0.11.