2 weeks Ago By ABMN Staff
Aptus Capital Advisors LLC grew its stake in shares of NVIDIA Co. ( NASDAQ:NVDA – Free Report ) by 1,115.9% in the second quarter, according to the company in its most recent filing with the SEC.
The firm owned 985,674 shares of the computer hardware maker’s stock after acquiring an additional 904,611 shares during the quarter. NVIDIA comprises about 2.1% of Aptus Capital Advisors LLC’s portfolio, making the stock its 8th biggest holding.
Aptus Capital Advisors LLC’s holdings in NVIDIA were worth $121,770,000 as of its most recent filing with the SEC. Other large investors also recently modified their holdings of the company. Lowe Wealth Advisors LLC acquired a new stake in shares of NVIDIA during the 2nd quarter valued at $25,000.
DHJJ Financial Advisors Ltd. boosted its stake in shares of NVIDIA by 1,900.0% during the second quarter.
DHJJ Financial Advisors Ltd. now owns 200 shares of the computer hardware maker’s stock valued at $25,000 after purchasing an additional 190 shares in the last quarter. FPC Investment Advisory Inc.
bought a new stake in shares of NVIDIA during the first quarter worth about $26,000. CGC Financial Services LLC acquired a new position in shares of NVIDIA in the second quarter valued at approximately $26,000. Finally, Koesten Hirschmann & Crabtree INC.
bought a new position in NVIDIA in the 1st quarter valued at approximately $27,000. 65.27% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In Several equities analysts have issued reports on the stock. The Goldman Sachs Group restated a “buy” rating and issued a $135.00 price target on shares of NVIDIA in a research report on Monday, August 19th.
JPMorgan Chase & Co. raised their target price on NVIDIA from $115.00 to $155.
00 and gave the stock an “overweight” rating in a research report on Thursday, August 29th. Truist Financial lifted their target price on NVIDIA from $140.00 to $145.
00 and gave the stock a “buy” rating in a report on Tuesday, August 27th. Robert W. Baird raised their price objective on NVIDIA from $120.
00 to $150.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. Finally, Craig Hallum lifted their price objective on NVIDIA from $125.
00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. Five equities research analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have issued a strong buy rating to the company.
According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $142.10. Insider Activity at NVIDIA In other NVIDIA news, CEO Jen Hsun Huang sold 120,000 shares of the stock in a transaction that occurred on Wednesday, July 10th.
The shares were sold at an average price of $134.10, for a total transaction of $16,092,000.00.
Following the transaction, the chief executive officer now directly owns 79,254,995 shares in the company, valued at $10,628,094,829.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink .
In related news, Director Mark A. Stevens sold 385,000 shares of the business’s stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $130.
74, for a total transaction of $50,334,900.00. Following the transaction, the director now owns 9,141,240 shares in the company, valued at $1,195,125,717.
60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link . Also, CEO Jen Hsun Huang sold 120,000 shares of NVIDIA stock in a transaction that occurred on Wednesday, July 10th.
The shares were sold at an average price of $134.10, for a total value of $16,092,000.00.
Following the sale, the chief executive officer now owns 79,254,995 shares in the company, valued at $10,628,094,829.50. The disclosure for this sale can be found here .
Insiders have sold a total of 4,277,403 shares of company stock valued at $512,029,184 over the last 90 days. 4.23% of the stock is owned by insiders.
NVIDIA Price Performance Shares of NASDAQ NVDA opened at $121.40 on Monday. The company has a current ratio of 4.
27, a quick ratio of 3.79 and a debt-to-equity ratio of 0.15.
The stock has a fifty day simple moving average of $115.88 and a two-hundred day simple moving average of $108.35.
NVIDIA Co. has a 1-year low of $39.23 and a 1-year high of $140.
76. The firm has a market cap of $2.99 trillion, a price-to-earnings ratio of 70.
99, a price-to-earnings-growth ratio of 1.05 and a beta of 1.67.
NVIDIA ( NASDAQ:NVDA – Get Free Report ) last posted its quarterly earnings results on Wednesday, August 28th. The computer hardware maker reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.
64 by $0.04. NVIDIA had a return on equity of 113.
50% and a net margin of 55.04%. The firm had revenue of $30.
04 billion during the quarter, compared to analyst estimates of $28.74 billion. During the same period last year, the company earned $0.
25 earnings per share. The business’s revenue for the quarter was up 122.4% on a year-over-year basis.
Analysts anticipate that NVIDIA Co. will post 2.65 earnings per share for the current year.
NVIDIA Cuts Dividend The business also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Thursday, September 12th will be given a $0.01 dividend.
The ex-dividend date of this dividend is Thursday, September 12th. This represents a $0.04 annualized dividend and a yield of 0.
03%. NVIDIA’s dividend payout ratio (DPR) is presently 2.34%.
NVIDIA declared that its Board of Directors has initiated a stock repurchase program on Wednesday, August 28th that permits the company to repurchase $50.00 billion in shares. This repurchase authorization permits the computer hardware maker to purchase up to 1.
6% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board believes its shares are undervalued. About NVIDIA ( 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. See Also Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Co.
( NASDAQ:NVDA – Free Report ). 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.com's FREE daily email newsletter .
.
