NVIDIA Attracts Institutional Investors Amid Stock Repurchase Plan
NVIDIA Corporation (NASDAQ:NVDA) continues to be a top pick among institutional investors. According to a recent filing, Baxter Bros Inc. increased its holdings in NVIDIA by 51.7% during the second quarter, adding 5,220 shares to its portfolio.
The company's stock is owned by 65.27% of institutional investors and hedge funds. In other news, NVIDIA's CFO Colette Kress sold 34,918 shares of the company's stock on September 17th at an average price of $219.05, reducing her position by 4.36%. EVP Timothy S. Teter also sold 30,460 shares of the stock on September 21st at an average price of $222.80.
The company has a market capitalization of $5.48 trillion and a P/E ratio of 28.72. NVIDIA recently announced a quarterly dividend of $0.25 per share, paid on October 1st to investors of record on September 10th. The company also declared a stock repurchase plan that permits the purchase of up to 2.8% of its outstanding shares through open market purchases.