Stocks
Meyer Handelman Co. Ups Stake in NVIDIA Corporation to $37.26 Million
Meyer Handelman Co., a financial institution, has significantly increased its stake in NVIDIA Corporation (NASDAQ:NVDA), a leading technology company. According to their latest 13F filing with the Securities and Exchange Commission (SEC), they now own 186,205 shares of NVIDIA's stock, valued at $37.26 million.
This represents a 38.2% increase in their position since the second quarter. The firm acquired an additional 51,432 shares during this period.
NVIDIA's revenue grew by 105.9% year-over-year, surpassing analysts' expectations of $92.27 billion. The company reported earnings per share (EPS) of $2.22 for the quarter, exceeding estimates of $2.09.