NVIDIA Stake Trimmed by Signature Estate & Investment Advisors LLC Amid Strong Earnings
NVIDIA Corporation (NASDAQ:NVDA) continues to be a hot topic in the tech world. Recently, Signature Estate & Investment Advisors LLC trimmed its stake in NVIDIA by 6.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission.
The firm owned 84,516 shares of the computer hardware maker's stock after selling 5,981 shares during the period. Signature Estate & Investment Advisors LLC's holdings in NVIDIA were worth $16,896,000 as of its most recent filing.
This move is just one part of a larger trend of institutional investors adjusting their positions in NVIDIA. Brighton Jones LLC raised its position in NVIDIA by 12.4% during the fourth quarter, while Bank Pictet & Cie Europe AG lifted its stake in NVIDIA by 1.0% in the same period.
NVIDIA has been on a tear lately, with its stock price reaching new heights following its strong earnings report in August. The company reported revenue of $96.22 billion for the quarter, up 105.9% from the previous year, and exceeded analyst estimates.