1 day Ago By ABMN Staff
Paulson Wealth Management Inc. boosted its position in shares of NVIDIA Co. ( NASDAQ:NVDA – Free Report ) by 935.
8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,489 shares of the computer hardware maker’s stock after buying an additional 6,766 shares during the period. Paulson Wealth Management Inc.
’s holdings in NVIDIA were worth $925,000 as of its most recent SEC filing. A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NVDA. Amica Mutual Insurance Co.
increased its stake in NVIDIA by 900.0% in the second quarter. Amica Mutual Insurance Co.
now owns 369,120 shares of the computer hardware maker’s stock valued at $45,601,000 after purchasing an additional 332,208 shares during the period. AlphaCentric Advisors LLC grew its holdings in shares of NVIDIA by 8,736.8% during the second quarter.
AlphaCentric Advisors LLC now owns 6,009 shares of the computer hardware maker’s stock worth $742,000 after buying an additional 5,941 shares during the last quarter. Bank of New York Mellon Corp increased its position in NVIDIA by 854.1% in the 2nd quarter.
Bank of New York Mellon Corp now owns 182,622,629 shares of the computer hardware maker’s stock valued at $22,561,200,000 after acquiring an additional 163,482,580 shares during the period. Catalyst Financial Partners LLC raised its stake in NVIDIA by 1,002.1% during the 2nd quarter.
Catalyst Financial Partners LLC now owns 106,387 shares of the computer hardware maker’s stock valued at $13,143,000 after acquiring an additional 96,734 shares during the last quarter. Finally, Bristlecone Advisors LLC lifted its position in NVIDIA by 866.0% during the 2nd quarter.
Bristlecone Advisors LLC now owns 354,244 shares of the computer hardware maker’s stock worth $43,763,000 after acquiring an additional 317,571 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.
Analysts Set New Price Targets A number of research firms have recently issued reports on NVDA. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $100.00 target price on shares of NVIDIA in a report on Monday, August 5th.
The Goldman Sachs Group restated a “buy” rating and set a $135.00 price objective on shares of NVIDIA in a research report on Monday, August 19th. Melius Research lifted their target price on shares of NVIDIA from $125.
00 to $160.00 and gave the company a “buy” rating in a report on Friday, June 21st. TD Cowen raised shares of NVIDIA to a “strong-buy” rating in a report on Monday.
Finally, Jefferies Financial Group raised their price objective on shares of NVIDIA from $135.00 to $150.00 and gave the company a “buy” rating in a research report on Monday, June 24th.
Five equities research analysts have rated the stock with a hold rating, thirty-six have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $142.
10. NVIDIA Stock Performance Shares of NASDAQ NVDA opened at $115.59 on Wednesday.
The company has a debt-to-equity ratio of 0.15, a current ratio of 4.27 and a quick ratio of 3.
79. The company has a market cap of $2.84 trillion, a PE ratio of 67.
60, a price-to-earnings-growth ratio of 1.06 and a beta of 1.67.
The company has a 50-day simple moving average of $116.88 and a 200-day simple moving average of $106.63.
NVIDIA Co. has a 12 month low of $39.23 and a 12 month high of $140.
76. NVIDIA ( NASDAQ:NVDA – Get Free Report ) last released its earnings results on Wednesday, August 28th. The computer hardware maker reported $0.
68 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $28.74 billion.
During the same period in the previous year, the company earned $0.25 EPS. NVIDIA’s revenue for the quarter was up 122.
4% on a year-over-year basis. On average, equities analysts anticipate that NVIDIA Co. will post 2.
64 earnings per share for the current year. 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 0.03%. NVIDIA’s dividend payout ratio (DPR) is presently 2.
34%. NVIDIA declared that its board has approved a stock buyback plan on Wednesday, August 28th that allows the company to repurchase $50.00 billion in outstanding shares.
This repurchase authorization allows the computer hardware maker to buy up to 1.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.
Insiders Place Their Bets In other news, EVP Ajay K. Puri sold 100,110 shares of the stock in a transaction dated 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 transaction, the executive vice president now directly owns 3,939,350 shares in the company, valued at approximately $512,509,435.
The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink . In other NVIDIA news, CEO Jen Hsun Huang sold 120,000 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $111.
83, for a total transaction of $13,419,600.00. Following the completion of the sale, the chief executive officer now owns 75,655,836 shares of the company’s stock, valued at $8,460,592,139.
88. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink . Also, EVP Ajay K.
Puri sold 100,110 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now owns 3,939,350 shares in the company, valued at $512,509,435. The disclosure for this sale can be found here .
In the last ninety days, insiders have sold 3,845,633 shares of company stock valued at $465,330,122. Insiders own 4.23% of the company’s stock.
NVIDIA 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. Further Reading 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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