1 day Ago By ABMN Staff
Aspen Investment Management Inc raised its holdings in shares of NVIDIA Co. ( NASDAQ:NVDA – Free Report ) by 650.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission.
The firm owned 6,679 shares of the computer hardware maker’s stock after acquiring an additional 5,789 shares during the period. Aspen Investment Management Inc’s holdings in NVIDIA were worth $825,000 at the end of the most recent quarter. Several other institutional investors and hedge funds have also bought and sold shares of the business.
Lowe Wealth Advisors LLC acquired a new position in shares of NVIDIA in the 2nd quarter valued at $25,000. DHJJ Financial Advisors Ltd. lifted its stake in shares of NVIDIA by 1,900.
0% in the 2nd 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 during the period.
FPC Investment Advisory Inc. acquired a new position in shares of NVIDIA in the 1st quarter valued at $26,000. CGC Financial Services LLC acquired a new position in shares of NVIDIA in the 2nd quarter valued at $26,000.
Finally, Koesten Hirschmann & Crabtree INC. acquired a new position in shares of NVIDIA in the 1st quarter valued at $27,000. 65.
27% of the stock is currently owned by institutional investors and hedge funds. Insider Activity at NVIDIA In related news, insider Donald F. Robertson, Jr.
sold 4,500 shares of NVIDIA stock in a transaction on Friday, June 21st. The shares were sold at an average price of $128.17, for a total value of $576,765.
00. Following the transaction, the insider now directly owns 503,878 shares in the company, valued at approximately $64,582,043.26.
The transaction was disclosed in a legal filing with the SEC, which is accessible through this link . In other NVIDIA news, EVP Ajay K. Puri sold 100,110 shares of the firm’s 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 completion of the sale, the executive vice president now owns 3,939,350 shares of the company’s stock, valued at $512,509,435. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink . Also, insider Donald F.
Robertson, Jr. sold 4,500 shares of the firm’s stock in a transaction on Friday, June 21st. The shares were 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 of the company’s stock, valued at approximately $64,582,043.
26. The disclosure for this sale can be found here . Insiders have sold a total of 3,725,633 shares of company stock worth $449,025,722 in the last three months.
Insiders own 4.23% of the company’s stock. NVIDIA Stock Performance NVIDIA ( NASDAQ:NVDA – Get Free Report ) last posted its quarterly earnings data on Wednesday, August 28th.
The computer hardware maker reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.
04. NVIDIA had a net margin of 55.04% and a return on equity of 113.
50%. The firm had revenue of $30.04 billion for the quarter, compared to analyst estimates of $28.
74 billion. During the same period last year, the firm posted $0.25 EPS.
NVIDIA’s quarterly revenue was up 122.4% on a year-over-year basis. As a group, equities analysts predict that NVIDIA Co.
will post 2.64 EPS for the current year. NVIDIA announced that its board has approved a share repurchase plan on Wednesday, August 28th that allows the company to repurchase $50.
00 billion in shares. This repurchase authorization allows the computer hardware maker to buy up to 1.6% of its shares through open market purchases.
Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued. NVIDIA Cuts Dividend The company also recently disclosed 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 is Thursday, September 12th. This represents a $0.
04 dividend on an annualized basis and a yield of 0.04%. NVIDIA’s dividend payout ratio (DPR) is 2.
34%. Wall Street Analyst Weigh In Several research firms recently issued reports on NVDA. Barclays decreased their target price on shares of NVIDIA from $1,200.
00 to $145.00 and set an “overweight” rating for the company in a research note on Monday, June 10th. Susquehanna upped their price objective on shares of NVIDIA from $120.
00 to $145.00 and gave the stock a “positive” rating in a research report on Monday, June 10th. Mizuho upped 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. Citigroup upped their price objective on shares of NVIDIA from $126.
00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, June 26th. Finally, Truist Financial upped their price objective on shares of NVIDIA from $140.
00 to $145.00 and gave the stock a “buy” rating in a research report on Tuesday, August 27th. Five research analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have assigned a strong buy rating to the company.
Based on data from MarketBeat, NVIDIA currently has a consensus rating of “Moderate Buy” and an average target price of $142.10. Check Out Our Latest Stock Analysis on NVDA 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. Recommended Stories 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 .
.
