1 day Ago By ABMN Staff
Atlantic Edge Private Wealth Management LLC increased its position in NVIDIA Co. ( NASDAQ:NVDA – Free Report ) by 858.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).
The firm owned 51,750 shares of the computer hardware maker’s stock after acquiring an additional 46,353 shares during the quarter. NVIDIA comprises about 2.1% of Atlantic Edge Private Wealth Management LLC’s investment portfolio, making the stock its 13th biggest position.
Atlantic Edge Private Wealth Management LLC’s holdings in NVIDIA were worth $6,393,000 at the end of the most recent reporting period. A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Aspen Investment Management Inc grew its position in shares of NVIDIA by 650.
4% in the second quarter. Aspen Investment Management Inc now owns 6,679 shares of the computer hardware maker’s stock valued at $825,000 after purchasing an additional 5,789 shares during the last quarter. RiverPark Advisors LLC boosted its stake in NVIDIA by 882.
8% during the 2nd quarter. RiverPark Advisors LLC now owns 26,034 shares of the computer hardware maker’s stock valued at $3,216,000 after purchasing an additional 23,385 shares during the period. Riverpark Capital Management LLC grew its holdings in NVIDIA by 920.
3% in the 2nd quarter. Riverpark Capital Management LLC now owns 39,150 shares of the computer hardware maker’s stock valued at $4,837,000 after buying an additional 35,313 shares during the last quarter. Dearborn Partners LLC increased its position in NVIDIA by 973.
0% in the 2nd quarter. Dearborn Partners LLC now owns 35,806 shares of the computer hardware maker’s stock worth $4,423,000 after buying an additional 32,469 shares during the period. Finally, GAM Holding AG increased its position in NVIDIA by 768.
4% in the 2nd quarter. GAM Holding AG now owns 561,902 shares of the computer hardware maker’s stock worth $69,417,000 after buying an additional 497,199 shares during the period. Institutional investors and hedge funds own 65.
27% of the company’s stock. NVIDIA Trading Down 1.9 % NVDA opened at $113.
37 on Thursday. NVIDIA Co. has a 1-year low of $39.
23 and a 1-year high of $140.76. The stock has a market capitalization of $2.
79 trillion, a PE ratio of 66.30, a PEG ratio of 1.06 and a beta of 1.
67. 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 firm has a 50-day moving average price of $116.
45 and a two-hundred day moving average price of $106.68. NVIDIA declared that its Board of Directors has initiated a share buyback program on Wednesday, August 28th that authorizes the company to buyback $50.
00 billion in outstanding shares. This buyback authorization authorizes the computer hardware maker to buy up to 1.6% of its stock through open market purchases.
Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued. NVIDIA Cuts Dividend The company also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th will be given a dividend of $0.
01 per share. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $0.
04 dividend on an annualized basis and a dividend yield of 0.04%. NVIDIA’s payout ratio is currently 2.
34%. Insider Activity In related news, insider Donald F. Robertson, Jr.
sold 4,500 shares of NVIDIA stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $128.17, for a total value of $576,765.
00. Following the completion of the sale, the insider now directly owns 503,878 shares in the company, valued at $64,582,043.26.
The sale was disclosed in a filing with the SEC, which is available through the SEC website . In other news, EVP Ajay K. Puri sold 100,110 shares of the stock in a transaction on Friday, July 12th.
The stock was sold at an average price of $130.10, for a total value of $13,024,311.00.
Following the transaction, the executive vice president now owns 3,939,350 shares of the company’s stock, valued at approximately $512,509,435. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website . Also, insider Donald F.
Robertson, Jr. sold 4,500 shares of the firm’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $128.
17, for a total value of $576,765.00. Following the completion of the transaction, the insider now owns 503,878 shares in the company, valued at $64,582,043.
26. The disclosure for this sale can be found here . Insiders have sold 3,725,633 shares of company stock valued at $449,025,722 over the last 90 days.
4.23% of the stock is owned by company insiders. Analyst Upgrades and Downgrades Several equities research analysts have recently issued reports on the stock.
Needham & Company LLC raised their price objective on shares of NVIDIA from $120.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th.
Westpark Capital raised their price target on shares of NVIDIA from $127.50 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th.
Craig Hallum boosted their price objective on shares of NVIDIA from $125.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, August 29th.
UBS Group increased their target price on shares of NVIDIA from $120.00 to $150.00 and gave the company a “buy” rating in a research note on Monday, July 8th.
Finally, Bank of America restated a “buy” rating and set a $165.00 price target on shares of NVIDIA in a research note on Thursday, September 5th. Five 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’s stock.
According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $142.10.
View Our Latest Research Report on NVIDIA 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. Featured Articles 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.
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