2 weeks Ago By ABMN Staff
Gouws Capital LLC raised its holdings in shares of NVIDIA Co. ( NASDAQ:NVDA – Free Report ) by 766.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC).
The fund owned 6,050 shares of the computer hardware maker’s stock after acquiring an additional 5,352 shares during the period. NVIDIA comprises approximately 0.5% of Gouws Capital LLC’s portfolio, making the stock its 26th biggest holding.
Gouws Capital LLC’s holdings in NVIDIA were worth $747,000 at the end of the most recent quarter. Several other large investors have also recently made changes to their positions in NVDA. Interchange Capital Partners LLC grew its holdings in shares of NVIDIA by 2,054.
6% in the second quarter. Interchange Capital Partners LLC now owns 26,609 shares of the computer hardware maker’s stock worth $3,287,000 after purchasing an additional 25,374 shares during the last quarter. Barlow Wealth Partners Inc.
boosted its position in NVIDIA by 920.8% during the 2nd quarter. Barlow Wealth Partners Inc.
now owns 70,250 shares of the computer hardware maker’s stock valued at $8,026,000 after buying an additional 63,368 shares during the period. Avaii Wealth Management LLC grew its holdings in NVIDIA by 973.3% in the 2nd quarter.
Avaii Wealth Management LLC now owns 13,126 shares of the computer hardware maker’s stock worth $1,622,000 after acquiring an additional 11,903 shares during the last quarter. Cascade Financial Partners LLC increased its position in shares of NVIDIA by 925.0% in the second quarter.
Cascade Financial Partners LLC now owns 86,993 shares of the computer hardware maker’s stock valued at $10,747,000 after acquiring an additional 78,506 shares during the period. Finally, Essex Financial Services Inc. raised its stake in shares of NVIDIA by 1,052.
6% during the second quarter. Essex Financial Services Inc. now owns 205,385 shares of the computer hardware maker’s stock valued at $25,373,000 after acquiring an additional 187,566 shares during the last quarter.
65.27% of the stock is owned by hedge funds and other institutional investors. Analysts Set New Price Targets A number of research analysts recently issued reports on the company.
TD Cowen upgraded NVIDIA to a “strong-buy” rating in a report on Monday, September 16th. Needham & Company LLC boosted their target price on NVIDIA from $120.00 to $145.
00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Raymond James upped their target price on NVIDIA from $120.00 to $140.
00 and gave the company a “strong-buy” rating in a report on Thursday, August 29th. Craig Hallum lifted their price target on shares of NVIDIA from $125.00 to $165.
00 and gave the company a “buy” rating in a report on Thursday, August 29th. Finally, HSBC upped their price objective on shares of NVIDIA from $135.00 to $145.
00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Five analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.
com, NVIDIA has an average rating of “Moderate Buy” and a consensus target price of $142.10. NVIDIA Stock Down 2.
1 % Shares of NASDAQ NVDA opened at $121.40 on Monday. The business has a 50-day moving average of $115.
88 and a two-hundred day moving average of $108.35. The company has a market capitalization 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 Co. has a 1 year low of $39.
23 and a 1 year high of $140.76. The company has a debt-to-equity ratio of 0.
15, a current ratio of 4.27 and a quick ratio of 3.79.
NVIDIA ( NASDAQ:NVDA – Get Free Report ) last posted its quarterly earnings results on Wednesday, August 28th. The computer hardware maker reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.
64 by $0.04. The company had revenue of $30.
04 billion during the quarter, compared to the consensus estimate of $28.74 billion. NVIDIA had a net margin of 55.
04% and a return on equity of 113.50%. The company’s revenue for the quarter was up 122.
4% on a year-over-year basis. During the same period last year, the firm earned $0.25 EPS.
On average, analysts forecast that NVIDIA Co. will post 2.65 earnings per share for the current fiscal year.
NVIDIA Cuts Dividend The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Thursday, September 12th will be issued 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 presently 2.34%.
NVIDIA declared that its board has initiated a share buyback plan on Wednesday, August 28th that authorizes the company to buyback $50.00 billion in shares. This buyback authorization authorizes the computer hardware maker to reacquire up to 1.
6% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued. Insider Activity In other news, Director Tench Coxe sold 1,000,000 shares of the business’s stock in a transaction that occurred on Thursday, September 19th.
The shares were sold at an average price of $119.27, for a total value of $119,270,000.00.
Following the completion of the transaction, the director now owns 5,852,480 shares of the company’s stock, valued at $698,025,289.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link .
In other news, Director Tench Coxe sold 1,000,000 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $119.27, for a total value of $119,270,000.
00. Following the transaction, the director now directly owns 5,852,480 shares in the company, valued at approximately $698,025,289.60.
The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website . Also, CEO Jen Hsun Huang sold 120,000 shares of the firm’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $124.
28, for a total transaction of $14,913,600.00. Following the completion of the transaction, the chief executive officer now directly owns 79,734,995 shares in the company, valued at approximately $9,909,465,178.
60. The disclosure for this sale can be found here . Insiders have sold 4,277,403 shares of company stock worth $512,029,184 over the last ninety days.
4.23% of the stock is currently owned by insiders. 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. Featured Articles 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 .
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