Ellenbecker Investment Group Disposes of 2,694 Shares in NVIDIA Corporation (NASDAQ:NVDA)

2 min read | January 30, 2025 01:32 AM PST | By Team Kalkine Media

Ellenbecker Investment Group Disposes of 2,694 Shares in NVIDIA Corporation (NASDAQ:NVDA)

NVIDIA's Changing Investment Patterns

NVIDIA Co. (NASDAQ:NVDA), a leader in graphics and compute solutions, has recently witnessed notable changes in its investment landscape. Ellenbecker Investment Group reduced its stake in NVIDIA by 12.1% during the fourth quarter, according to its latest filing with the Securities & Exchange Commission (SEC). Even after selling 2,694 shares, Ellenbecker holds 19,483 shares worth $2,616,000, making NVIDIA 0.5% of its portfolio. Meanwhile, large institutional investors, including Geode Capital Management, have either increased or adjusted their holdings significantly. Geode Capital Management now owns an impressive 546,079,492 shares, following an incremental acquisition of approximately 11.5 million shares.

Institutional Activity

Legal & General Group demonstrated substantial confidence in NVIDIA by expanding its stake by 884% in the second quarter. With this strategic move, it now possesses 213,127,959 shares valued at over $26 billion. UBS Asset Management Americas LLC and Charles Schwab Investment Management have also increased their stakes, underscoring continued institutional interest in the tech giant.

NVIDIA's Financial Outlook

NVIDIA's recent earnings report revealed a stellar performance, surpassing Experts' expectations. The company reported a quarterly earnings of $0.81 per share against a forecast of $0.69, with a revenue increase of 93.6% year-over-year to $35.08 billion. Experts project a continued upward trajectory with an anticipated earnings of 2.78 EPS for the current year, signaling robust financial health. Additionally, NVIDIA continues to attract attention with a recently issued quarterly dividend, depicting steady shareholder returns.

Insider Transactions

Beyond institutional movements, NVIDIA has seen recent insider activity. Notably, insider Donald F. Robertson, Jr. and Director John Dabiri have sold shares, reflecting strategic financial decisions from within the company. Over the last quarter, insiders executed significant transactions, conveying substantial value diversification.

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