2 weeks Ago By ABMN Staff
Cook Wealth LLC raised its holdings in NVIDIA Co. ( NASDAQ:NVDA – Free Report ) by 898.7% during the second quarter, according to the company in its most recent 13F filing with the SEC.
The institutional investor owned 22,250 shares of the computer hardware maker’s stock after purchasing an additional 20,022 shares during the quarter. NVIDIA accounts for approximately 1.5% of Cook Wealth LLC’s investment portfolio, making the stock its 13th biggest position.
Cook Wealth LLC’s holdings in NVIDIA were worth $2,749,000 at the end of the most recent quarter. Several other hedge funds and other institutional investors also recently modified their holdings of NVDA. Vanguard Group Inc.
boosted its stake in shares of NVIDIA by 4.3% during the first quarter. Vanguard Group Inc.
now owns 213,335,626 shares of the computer hardware maker’s stock valued at $192,761,538,000 after purchasing an additional 8,828,050 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in NVIDIA by 854.1% in the 2nd quarter.
Bank of New York Mellon Corp now owns 182,622,629 shares of the computer hardware maker’s stock valued at $22,561,200,000 after buying an additional 163,482,580 shares during the last quarter. Baillie Gifford & Co. boosted its position in NVIDIA by 696.
6% during the 2nd quarter. Baillie Gifford & Co. now owns 82,058,614 shares of the computer hardware maker’s stock worth $10,137,521,000 after buying an additional 71,757,065 shares during the period.
Sumitomo Mitsui Trust Holdings Inc. grew its holdings in NVIDIA by 829.0% during the 2nd quarter.
Sumitomo Mitsui Trust Holdings Inc. now owns 64,055,653 shares of the computer hardware maker’s stock worth $7,913,435,000 after acquiring an additional 57,160,191 shares during the last quarter. Finally, Van ECK Associates Corp increased its position in NVIDIA by 741.
8% in the 2nd quarter. Van ECK Associates Corp now owns 40,008,518 shares of the computer hardware maker’s stock valued at $4,942,652,000 after acquiring an additional 35,255,679 shares during the period. Institutional investors own 65.
27% of the company’s stock. Analyst Ratings Changes NVDA has been the topic of a number of analyst reports. Rosenblatt Securities reiterated a “buy” rating and issued a $200.
00 price target on shares of NVIDIA in a research report on Thursday, August 29th. Bank of America reiterated a “buy” rating and issued a $165.00 target price on shares of NVIDIA in a report on Thursday, September 5th.
Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $100.00 price target on shares of NVIDIA in a research report on Monday, August 5th. Robert W.
Baird increased their price objective on shares of NVIDIA from $120.00 to $150.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th.
Finally, Argus boosted their target price on shares of NVIDIA from $110.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, June 11th.
Five equities research analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, NVIDIA currently has an average rating of “Moderate Buy” and a consensus target price of $142.10.
Insiders Place Their Bets In other NVIDIA news, CEO Jen Hsun Huang sold 120,000 shares of the company’s stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $127.14, for a total transaction of $15,256,800.
00. Following the sale, the chief executive officer now owns 79,614,995 shares in the company, valued at $10,122,250,464.30.
The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link . In other NVIDIA news, CEO Jen Hsun Huang sold 120,000 shares of the stock in a transaction on Friday, July 5th. The stock was sold at an average price of $127.
14, for a total value of $15,256,800.00. Following the sale, the chief executive officer now directly owns 79,614,995 shares of the company’s stock, valued at $10,122,250,464.
30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link . Also, CFO Colette Kress sold 66,670 shares of the stock in a transaction that occurred on Friday, September 20th.
The stock was sold at an average price of $116.59, for a total value of $7,773,055.30.
Following the completion of the transaction, the chief financial officer now directly owns 4,954,214 shares of the company’s stock, valued at $577,611,810.26. The disclosure for this sale can be found here .
Insiders sold a total of 4,277,403 shares of company stock valued at $512,029,184 in the last ninety days. Corporate insiders own 4.23% of the company’s stock.
NVIDIA Stock Performance NASDAQ:NVDA opened at $121.40 on Monday. The company has a debt-to-equity ratio of 0.
15, a current ratio of 4.27 and a quick ratio of 3.79.
The firm has a market cap of $2.99 trillion, a PE ratio of 70.99, a P/E/G ratio of 1.
05 and a beta of 1.67. The firm has a 50 day simple moving average of $115.
88 and a 200-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.
NVIDIA ( NASDAQ:NVDA – Get Free Report ) last released its quarterly earnings data 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. The business had revenue of $30.
04 billion during the quarter, compared to the consensus estimate of $28.74 billion. NVIDIA had a return on equity of 113.
50% and a net margin of 55.04%. The business’s revenue for the quarter was up 122.
4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.25 EPS.
On average, equities analysts expect that NVIDIA Co. will post 2.65 EPS for the current year.
NVIDIA Cuts Dividend The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Thursday, September 12th will be paid a dividend of $0.01 per share.
The ex-dividend date is Thursday, September 12th. This represents a $0.04 dividend on an annualized basis and a yield of 0.
03%. NVIDIA’s dividend payout ratio (DPR) is 2.34%.
NVIDIA announced that its Board of Directors has initiated a stock buyback plan on Wednesday, August 28th that permits the company to buyback $50.00 billion in shares. This buyback authorization permits the computer hardware maker to repurchase up to 1.
6% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are 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. Featured Stories 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.
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