Rare Wolf Capital Trims Stake in NVIDIA Amid Share Buyback Plan

Rare Wolf Capital LLC, a hedge fund, has reduced its stake in NVIDIA Corporation (NVDA) by selling 4,382 shares during the second quarter. This move decreased their holdings in NVDA by 13.4%. At the end of the most recent quarter, Rare Wolf Capital's holdings in NVIDIA were worth $5,673,000, accounting for about 3.6% of their total holdings.

The company has a market capitalization of over $5 trillion and a PE ratio of 26.82. NVIDIA's quarterly earnings data showed the company beat analysts' estimates with EPS of $2.22 on revenue of $96.22 billion, a 105.9% increase from the same quarter last year.

In related news, Director Mark A. Stevens sold 885,000 shares of NVDA in a transaction on June 18th at an average price of $210.17, totaling $186 million. EVP Timothy S. Teter also sold 30,000 shares on August 31st at $217.88 each, worth over $6.5 million.

NVIDIA's Board of Directors has initiated a share buyback plan allowing the company to purchase up to 1.5% of its stock, or $80 billion in value, through open market purchases. The company also declared a quarterly dividend of $0.25 per share, paid on October 1st for shareholders recorded on September 10th.