Processus Wealth Boosts Stake in NVIDIA as Hedge Funds Make Moves

Processus Wealth & Capital Management LLC has increased its stake in NVIDIA Corporation (NASDAQ:NVDA) by 2.3% during the second quarter, according to a recent filing with the Securities and Exchange Commission.

The firm now owns 108,038 shares of NVDA's stock after buying an additional 2,432 shares in the last quarter. This represents approximately 12.7% of Processus Wealth & Capital Management LLC's investment portfolio, making NVIDIA its largest holding.

NVIDIA's market value stands at $5.20 trillion with a P/E ratio of 32.89 and a beta of 2.23. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.85, and a current ratio of 3.44.

Several hedge funds have also made changes to their holdings in NVIDIA recently. Longfellow Investment Management Co. LLC boosted its position by 47.9% during the second quarter, while Spurstone Advisory Services LLC acquired a new stake in the company valued at approximately $40,000.