NVIDIA Attracts Institutional Investors Amid Strong Performance
NVIDIA Corporation's (NASDAQ:NVDA) stock continues to attract institutional investors. According to recent filings, Commonwealth Retirement Investments LLC increased its holdings in NVIDIA by 548.3% in the second quarter. The company now owns 16,830 shares of NVIDIA's stock, valued at $3,367,000.
Other notable investors have also been buying into NVIDIA. Bank of America Corp DE grew its stake in NVIDIA by 2.1% in the first quarter and now owns 191,200,989 shares worth $33,345,453,000. Invesco Ltd. increased its holdings in NVIDIA by 0.3% in the fourth quarter and now owns 143,239,504 shares valued at $26,714,167,000.
NVIDIA's recent performance has been impressive, with revenue growth above 100% year over year and an earnings beat. The company reported $2.22 earnings per share for the last quarter, beating analysts' consensus estimates of $2.09 by $0.13.