Yelin Lapidot Trims NVIDIA Stake Amid Strong Earnings

NVIDIA Corporation (NASDAQ:NVDA) has seen its stock position trimmed by Yelin Lapidot Holdings Management Ltd., which cut its holdings in NVIDIA by 16.7% during the 2nd quarter, according to a recent Form 13F filing with the Securities and Exchange Commission.

The fund owned 15,054 shares of the computer hardware maker's stock after selling 3,012 shares during the quarter. Yelin Lapidot Holdings Management Ltd.'s holdings in NVIDIA were worth $3,012,000 at the end of the most recent quarter.

This move comes as several other hedge funds have modified their positions in NVIDIA. Defender Capital LLC grew its holdings in NVIDIA by 0.7% during the 2nd quarter and now owns 7,534 shares valued at $1,507,000. Kooman & Associates lifted its position in NVIDIA by 0.6% in the second quarter, owning 8,464 shares valued at $1,694,000.

NVIDIA's stock performance has been strong, with a market cap of $5.36 trillion and a P/E ratio of 28.10. The company's recent quarterly earnings data showed revenue of $96.22 billion during the quarter, up 105.9% from the prior year. Analysts expect NVIDIA to post $9.25 EPS for the current year.