Summitry Sells $30M Worth of NVIDIA Shares
NVIDIA Corporation (NASDAQ:NVDA) has seen its shares sold by Summitry LLC, which reduced its position in the company by 22.8% during the second quarter. The firm owned 149,946 shares of NVIDIA's stock after selling 44,216 shares during the period.
The sale was part of a larger trend, as several institutional investors have added to or reduced their stakes in NVIDIA. Greenbush Financial Group LLC boosted its holdings in shares of NVIDIA by 2.3% during the second quarter, while TriaGen Wealth Management LLC grew its position in shares of NVIDIA by 23.4%.
NVIDIA's revenue was up 105.9% on a year-over-year basis, and the company reported $96.22 billion in quarterly revenue. The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st to stockholders of record on Thursday, September 10th.
The ex-dividend date for this dividend is Thursday, September 10th, and NVIDIA's payout ratio is presently 12.64%. The company declared that its board has authorized a share repurchase plan on Wednesday, May 20th that permits the company to repurchase $80.00 billion in outstanding shares.