2 weeks Ago By ABMN Staff
Essex Financial Services Inc. boosted its holdings in shares of NVIDIA Co. ( NASDAQ:NVDA – Free Report ) by 1,052.
6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 205,385 shares of the computer hardware maker’s stock after buying an additional 187,566 shares during the quarter. NVIDIA comprises 1.
2% of Essex Financial Services Inc.’s portfolio, making the stock its 9th biggest holding. Essex Financial Services Inc.
’s holdings in NVIDIA were worth $25,373,000 as of its most recent SEC filing. Several other institutional investors also recently bought and sold shares of the stock. Strategic Equity Management acquired a new position in shares of NVIDIA during the 2nd quarter valued at about $222,000.
Turtle Creek Wealth Advisors LLC grew its holdings in NVIDIA by 897.6% during the second quarter. Turtle Creek Wealth Advisors LLC now owns 66,024 shares of the computer hardware maker’s stock valued at $8,157,000 after purchasing an additional 59,406 shares during the last quarter.
Hanseatic Management Services Inc. lifted its stake in shares of NVIDIA by 870.6% in the second quarter.
Hanseatic Management Services Inc. now owns 21,013 shares of the computer hardware maker’s stock worth $2,596,000 after buying an additional 18,848 shares during the last quarter. Dover Advisors LLC acquired a new stake in shares of NVIDIA in the second quarter worth $288,000.
Finally, Elk River Wealth Management LLC boosted its holdings in shares of NVIDIA by 16,441.8% during the 2nd quarter. Elk River Wealth Management LLC now owns 48,633 shares of the computer hardware maker’s stock worth $6,008,000 after buying an additional 48,339 shares during the period.
65.27% of the stock is currently owned by institutional investors. Analyst Upgrades and Downgrades A number of research firms have weighed in on NVDA.
Jefferies Financial Group boosted their target price on shares of NVIDIA from $135.00 to $150.00 and gave the stock a “buy” rating in a research report on Monday, June 24th.
Cantor Fitzgerald restated an “overweight” rating and set a $175.00 target price on shares of NVIDIA in a research note on Thursday, August 29th. UBS Group upped their price target on NVIDIA from $120.
00 to $150.00 and gave the stock a “buy” rating in a report on Monday, July 8th. Sanford C.
Bernstein boosted their target price on shares of NVIDIA from $130.00 to $155.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th.
Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $135.00 price target on shares of NVIDIA in a report on Monday, August 19th. Five research analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have given a strong buy rating to the company.
According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $142.10. Insider Buying and Selling In other NVIDIA news, insider Donald F.
Robertson, Jr. sold 4,500 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $116.
51, for a total transaction of $524,295.00. Following the transaction, the insider now directly owns 492,409 shares in the company, valued at approximately $57,370,572.
59. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website . In other news, CEO Jen Hsun Huang sold 120,000 shares of the business’s stock in a transaction dated Wednesday, July 10th.
The stock was sold at an average price of $134.10, for a total transaction of $16,092,000.00.
Following the completion of the transaction, the chief executive officer now directly owns 79,254,995 shares in the company, valued at approximately $10,628,094,829.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link .
Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction that occurred on Friday, September 20th.
The shares were sold at an average price of $116.51, for a total transaction of $524,295.00.
Following the completion of the sale, the insider now owns 492,409 shares in the company, valued at $57,370,572.59. The disclosure for this sale can be found here .
Insiders sold a total of 4,277,403 shares of company stock worth $512,029,184 over the last three months. 4.23% of the stock is currently owned by company insiders.
NVIDIA Stock Down 2.1 % Shares of NASDAQ:NVDA opened at $121.40 on Monday.
The company has a quick ratio of 3.79, a current ratio of 4.27 and a debt-to-equity ratio of 0.
15. The firm has a market cap of $2.99 trillion, a P/E ratio of 70.
99, a P/E/G ratio of 1.05 and a beta of 1.67.
NVIDIA Co. has a 12 month low of $39.23 and a 12 month high of $140.
76. The company’s 50-day moving average price is $115.88 and its two-hundred day moving average price is $108.
35. NVIDIA ( NASDAQ:NVDA – Get Free Report ) last issued its quarterly earnings results 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 business had revenue of $30.04 billion during the quarter, compared to analyst estimates of $28.74 billion.
During the same quarter last year, the business posted $0.25 earnings per share. NVIDIA’s revenue for the quarter was up 122.
4% compared to the same quarter last year. As a group, research analysts forecast that NVIDIA Co. will post 2.
65 EPS for the current fiscal year. NVIDIA Cuts Dividend The company also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Thursday, September 12th will be issued a $0.
01 dividend. This represents a $0.04 annualized dividend and a yield of 0.
03%. The ex-dividend date is Thursday, September 12th. NVIDIA’s dividend payout ratio is 2.
34%. NVIDIA announced that its board has authorized a stock buyback program on Wednesday, August 28th that permits the company to repurchase $50.00 billion in outstanding shares.
This repurchase authorization permits the computer hardware maker to repurchase up to 1.6% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.
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.
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