1 day Ago By ABMN Staff
Integrity Wealth Solutions LLC increased its stake in shares of NVIDIA Co. ( NASDAQ:NVDA – Free Report ) by 583.4% during the 2nd quarter, according to its most recent disclosure with the SEC.
The institutional investor owned 21,432 shares of the computer hardware maker’s stock after acquiring an additional 18,296 shares during the period. NVIDIA comprises approximately 1.7% of Integrity Wealth Solutions LLC’s investment portfolio, making the stock its 18th largest holding.
Integrity Wealth Solutions LLC’s holdings in NVIDIA were worth $2,648,000 as of its most recent SEC filing. A number of other hedge funds have also recently bought and sold shares of the stock. Aveo Capital Partners LLC lifted its stake in NVIDIA by 30.
5% in the 4th quarter. Aveo Capital Partners LLC now owns 2,351 shares of the computer hardware maker’s stock valued at $1,164,000 after purchasing an additional 549 shares during the last quarter. Gryphon Financial Partners LLC raised its stake in NVIDIA by 60.
9% in the fourth quarter. Gryphon Financial Partners LLC now owns 14,514 shares of the computer hardware maker’s stock valued at $7,188,000 after buying an additional 5,496 shares during the period. Foundations Investment Advisors LLC raised its stake in NVIDIA by 22.
4% in the fourth quarter. Foundations Investment Advisors LLC now owns 42,920 shares of the computer hardware maker’s stock valued at $21,255,000 after buying an additional 7,841 shares during the period. Wealthcare Capital Management LLC lifted its position in shares of NVIDIA by 1.
6% in the fourth quarter. Wealthcare Capital Management LLC now owns 1,013 shares of the computer hardware maker’s stock valued at $502,000 after buying an additional 16 shares during the last quarter. Finally, Curi Wealth Management LLC boosted its stake in shares of NVIDIA by 8.
3% during the 4th quarter. Curi Wealth Management LLC now owns 1,560 shares of the computer hardware maker’s stock worth $773,000 after acquiring an additional 120 shares during the period. 65.
27% of the stock is currently owned by institutional investors. NVIDIA Trading Down 1.9 % Shares of NVIDIA stock opened at $113.
37 on Thursday. 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 capitalization of $2.
79 trillion, a P/E ratio of 66.30, a PEG ratio of 1.06 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’s fifty day moving average is $116.
45 and its two-hundred day moving average is $106.68. NVIDIA declared that its board has approved a share repurchase program on Wednesday, August 28th that allows the company to repurchase $50.
00 billion in shares. This repurchase authorization allows the computer hardware maker to reacquire up to 1.6% of its shares through open market purchases.
Shares repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued. NVIDIA Cuts Dividend The firm 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 dividend of $0.
01 per share. The ex-dividend date is Thursday, September 12th. This represents a $0.
04 annualized dividend and a yield of 0.04%. NVIDIA’s dividend payout ratio (DPR) is presently 2.
34%. Insiders Place Their Bets In related news, EVP Ajay K. Puri sold 100,110 shares of the business’s stock in a transaction that occurred on Friday, July 12th.
The shares were sold at an average price of $130.10, for a total value of $13,024,311.00.
Following the completion of the sale, the executive vice president now directly owns 3,939,350 shares in the company, valued at $512,509,435. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website . In related news, EVP Ajay K.
Puri sold 100,110 shares of the company’s stock in a transaction 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 sale, the executive vice president now directly owns 3,939,350 shares of the company’s stock, valued at approximately $512,509,435. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website .
Also, CEO Jen Hsun Huang sold 120,000 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $111.83, for a total value of $13,419,600.
00. Following the sale, the chief executive officer now owns 75,655,836 shares in the company, valued at $8,460,592,139.88.
The disclosure for this sale can be found here . In the last ninety days, insiders have sold 3,725,633 shares of company stock valued at $449,025,722. Insiders own 4.
23% of the company’s stock. Analyst Ratings Changes A number of equities analysts have commented on the stock. Mizuho lifted their price objective on shares of NVIDIA from $132.
00 to $140.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. DZ Bank downgraded shares of NVIDIA from a “buy” rating to a “hold” rating and set a $102.
50 target price for the company. in a report on Friday, May 24th. Rosenblatt Securities reissued a “buy” rating and issued a $200.
00 price target on shares of NVIDIA in a report on Thursday, August 29th. Craig Hallum raised their price objective on shares of NVIDIA from $125.00 to $165.
00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. Finally, Bank of America reaffirmed a “buy” rating and issued a $165.00 target price on shares of NVIDIA in a research report on Thursday, September 5th.
Five investment analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $142.
10. Get Our Latest Research Report on NVIDIA NVIDIA Company 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.
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