1 day Ago By ABMN Staff
Alta Capital Management LLC grew its holdings in NVIDIA Co. ( NASDAQ:NVDA – Free Report ) by 817.1% in the second quarter, according to the company in its most recent 13F filing with the SEC.
The institutional investor owned 329,540 shares of the computer hardware maker’s stock after buying an additional 293,608 shares during the quarter. NVIDIA accounts for approximately 2.6% of Alta Capital Management LLC’s holdings, making the stock its 17th biggest holding.
Alta Capital Management LLC’s holdings in NVIDIA were worth $40,711,000 at the end of the most recent quarter. A number of other hedge funds and other institutional investors also recently made changes to their positions in NVDA. Hamilton Wealth LLC lifted its position in NVIDIA by 0.
3% during the 1st quarter. Hamilton Wealth LLC now owns 3,142 shares of the computer hardware maker’s stock valued at $2,839,000 after purchasing an additional 9 shares during the period. Brooklyn FI LLC raised its stake in shares of NVIDIA by 2.
5% during the first quarter. Brooklyn FI LLC now owns 489 shares of the computer hardware maker’s stock worth $442,000 after buying an additional 12 shares during the last quarter. Curran Financial Partners LLC lifted its holdings in NVIDIA by 1.
8% in the first quarter. Curran Financial Partners LLC now owns 691 shares of the computer hardware maker’s stock valued at $625,000 after buying an additional 12 shares during the period. Beacon Bridge Wealth Partners LLC boosted its stake in NVIDIA by 2.
6% in the first quarter. Beacon Bridge Wealth Partners LLC now owns 473 shares of the computer hardware maker’s stock valued at $428,000 after acquiring an additional 12 shares during the last quarter. Finally, M.
Kraus & Co grew its holdings in NVIDIA by 2.0% during the 1st quarter. M.
Kraus & Co now owns 657 shares of the computer hardware maker’s stock worth $594,000 after acquiring an additional 13 shares during the period. 65.27% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades NVDA has been the topic of a number of analyst reports. Mizuho increased their price target on NVIDIA from $132.00 to $140.
00 and gave the company an “outperform” rating in a research note on Thursday, August 29th. UBS Group lifted their price objective on shares of NVIDIA from $120.00 to $150.
00 and gave the stock a “buy” rating in a research note on Monday, July 8th. Jefferies Financial Group boosted their price objective on shares of NVIDIA from $135.00 to $150.
00 and gave the company a “buy” rating in a report on Monday, June 24th. Needham & Company LLC increased their price target on NVIDIA from $120.00 to $145.
00 and gave the stock a “buy” rating in a report on Thursday, August 29th. Finally, Tigress Financial lifted their price objective on NVIDIA from $98.50 to $170.
00 and gave the company a “buy” rating in a report on Tuesday, June 18th. Five equities research analysts have rated the stock with a hold rating, thirty-six have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $142.
10. Insider Buying and Selling In other NVIDIA news, CEO Jen Hsun Huang sold 120,000 shares of the firm’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $135.
87, for a total value of $16,304,400.00. Following the transaction, the chief executive officer now directly owns 80,814,995 shares of the company’s stock, valued at approximately $10,980,333,370.
65. The transaction was disclosed in a legal filing with the SEC, which is available through this link . In related news, CEO Jen Hsun Huang sold 120,000 shares of NVIDIA stock in a transaction that occurred on Thursday, June 20th.
The shares were sold at an average price of $135.87, for a total transaction of $16,304,400.00.
Following the sale, the chief executive officer now directly owns 80,814,995 shares of the company’s stock, valued at approximately $10,980,333,370.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website .
Also, EVP Ajay K. Puri sold 100,110 shares of the stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $130.
10, for a total transaction of $13,024,311.00. Following the completion of the transaction, the executive vice president now directly owns 3,939,350 shares of the company’s stock, valued at approximately $512,509,435.
The disclosure for this sale can be found here . Over the last quarter, insiders have sold 3,845,633 shares of company stock worth $465,330,122. Company insiders own 4.
23% of the company’s stock. NVIDIA Price Performance NASDAQ:NVDA opened at $115.59 on Wednesday.
NVIDIA Co. has a 52-week low of $39.23 and a 52-week high of $140.
76. The company has a debt-to-equity ratio of 0.15, a quick ratio of 3.
79 and a current ratio of 4.27. The company has a market cap of $2.
84 trillion, a P/E ratio of 67.60, a P/E/G ratio of 1.06 and a beta of 1.
67. The stock’s 50-day simple moving average is $116.88 and its 200 day simple moving average is $106.
63. NVIDIA ( NASDAQ:NVDA – Get Free Report ) last issued its quarterly earnings data on Wednesday, August 28th. The computer hardware maker reported $0.
68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.04.
The company had revenue of $30.04 billion during the quarter, compared to analysts’ expectations of $28.74 billion.
NVIDIA had a return on equity of 113.50% and a net margin of 55.04%.
The business’s revenue was up 122.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.
25 earnings per share. As a group, sell-side analysts forecast that NVIDIA Co. will post 2.
64 EPS for the current fiscal year. NVIDIA Cuts Dividend The business also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Thursday, September 12th will be paid a $0.
01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.
03%. The ex-dividend date of this dividend is Thursday, September 12th. NVIDIA’s dividend payout ratio (DPR) is currently 2.
34%. NVIDIA announced that its board has authorized a share buyback plan on Wednesday, August 28th that authorizes the company to repurchase $50.00 billion in shares.
This repurchase authorization authorizes the computer hardware maker to repurchase up to 1.6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its stock is undervalued.
NVIDIA Profile ( Free Report ) NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications. Further Reading Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.
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