2 weeks Ago By ABMN Staff
Shoker Investment Counsel Inc. lifted its position in NVIDIA Co. ( NASDAQ:NVDA – Free Report ) by 1,475.
5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,563 shares of the computer hardware maker’s stock after purchasing an additional 26,750 shares during the quarter. NVIDIA makes up 1.
2% of Shoker Investment Counsel Inc.’s investment portfolio, making the stock its 22nd biggest holding. Shoker Investment Counsel Inc.
’s holdings in NVIDIA were worth $3,529,000 at the end of the most recent quarter. Several other institutional investors also recently added to or reduced their stakes in the company. Hamilton Wealth LLC lifted its position in shares of NVIDIA by 0.
3% in the 1st quarter. Hamilton Wealth LLC now owns 3,142 shares of the computer hardware maker’s stock worth $2,839,000 after acquiring an additional 9 shares during the period. Brooklyn FI LLC lifted its holdings in shares of NVIDIA by 2.
5% during the 1st quarter. Brooklyn FI LLC now owns 489 shares of the computer hardware maker’s stock worth $442,000 after acquiring an additional 12 shares during the period. Curran Financial Partners LLC boosted its position in shares of NVIDIA by 1.
8% during the 1st quarter. Curran Financial Partners LLC now owns 691 shares of the computer hardware maker’s stock valued at $625,000 after acquiring an additional 12 shares in the last quarter. Beacon Bridge Wealth Partners LLC increased its stake in NVIDIA by 2.
6% in the first quarter. Beacon Bridge Wealth Partners LLC now owns 473 shares of the computer hardware maker’s stock valued at $428,000 after acquiring an additional 12 shares during the period. Finally, M.
Kraus & Co raised its position in NVIDIA by 2.0% in the first quarter. M.
Kraus & Co now owns 657 shares of the computer hardware maker’s stock worth $594,000 after purchasing an additional 13 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.
NVIDIA Stock Performance NVDA opened at $121.40 on Monday. The company has a market capitalization of $2.
99 trillion, a price-to-earnings ratio of 70.99, a P/E/G ratio of 1.05 and a beta of 1.
67. The business’s 50-day moving average price is $115.88 and its two-hundred day moving average price is $108.
35. 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 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 $0.01 dividend.
This represents a $0.04 dividend on an annualized basis and a yield of 0.03%.
The ex-dividend date is Thursday, September 12th. NVIDIA’s dividend payout ratio (DPR) is currently 2.34%.
NVIDIA declared that its Board of Directors has approved a share repurchase plan on Wednesday, August 28th that permits the company to repurchase $50.00 billion in shares. This repurchase authorization permits the computer hardware maker to buy up to 1.
6% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued. Analyst Upgrades and Downgrades NVDA has been the topic of several analyst reports.
Jefferies Financial Group upped their price objective on NVIDIA from $135.00 to $150.00 and gave the company a “buy” rating in a research note on Monday, June 24th.
Melius Research upped their target price on shares of NVIDIA from $125.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, June 21st.
Truist Financial lifted their price target on shares of NVIDIA from $140.00 to $145.00 and gave the company a “buy” rating in a report on Tuesday, August 27th.
Argus raised their price objective on shares of NVIDIA from $110.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday, June 11th.
Finally, Bank of America reissued a “buy” rating and issued a $165.00 target price on shares of NVIDIA in a report on Thursday, September 5th. Five equities research analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have issued a strong buy rating to the company’s stock.
Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $142.10.
Read Our Latest Research Report on NVDA Insider Activity at NVIDIA In other news, CEO Jen Hsun Huang sold 120,000 shares of the stock in a transaction dated Wednesday, July 10th. The shares were 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 document filed with the SEC, which is available at this link . In other news, insider Donald F. Robertson, Jr.
sold 4,500 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $116.51, for a total value of $524,295.
00. Following the completion of the sale, the insider now owns 492,409 shares of the company’s stock, valued at approximately $57,370,572.59.
The transaction was disclosed in a legal filing with the SEC, which is available at this link . Also, CEO Jen Hsun Huang sold 120,000 shares of the firm’s stock in a transaction on Wednesday, July 10th. The shares were 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 of the company’s stock, valued at $10,628,094,829.
50. The disclosure for this sale can be found here . Over the last 90 days, insiders sold 4,277,403 shares of company stock valued at $512,029,184.
Corporate insiders own 4.23% of the company’s stock. 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. Read More 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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