1 day Ago By Defense World Staff
Verdence Capital Advisors LLC boosted its position in NVIDIA Co. ( NASDAQ:NVDA – Free Report ) by 920.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission.
The fund owned 70,006 shares of the computer hardware maker’s stock after acquiring an additional 63,148 shares during the quarter. NVIDIA accounts for 0.8% of Verdence Capital Advisors LLC’s investment portfolio, making the stock its 23rd biggest position.
Verdence Capital Advisors LLC’s holdings in NVIDIA were worth $8,648,000 at the end of the most recent reporting period. A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hamilton Wealth LLC increased its holdings in NVIDIA by 0.
3% in the first quarter. Hamilton Wealth LLC now owns 3,142 shares of the computer hardware maker’s stock valued at $2,839,000 after buying an additional 9 shares during the last quarter. Brooklyn FI LLC increased its holdings in NVIDIA by 2.
5% in the first quarter. Brooklyn FI LLC now owns 489 shares of the computer hardware maker’s stock valued at $442,000 after buying an additional 12 shares during the last quarter. Curran Financial Partners LLC increased its holdings in NVIDIA by 1.
8% in the first quarter. Curran Financial Partners LLC now owns 691 shares of the computer hardware maker’s stock valued at $625,000 after buying an additional 12 shares during the last quarter. Beacon Bridge Wealth Partners LLC boosted 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 boosted its stake in NVIDIA by 2.0% in the first quarter. M.
Kraus & Co now owns 657 shares of the computer hardware maker’s stock valued at $594,000 after acquiring an additional 13 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.
Wall Street Analyst Weigh In A number of brokerages have commented on NVDA. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $100.00 target price on shares of NVIDIA in a research note on Monday, August 5th.
Westpark Capital lifted their target price on NVIDIA from $127.50 to $165.00 and gave the company a “buy” rating in a research note on Thursday, August 29th.
Bank of America restated a “buy” rating and issued a $165.00 target price on shares of NVIDIA in a research note on Thursday, September 5th. Argus lifted their target price on NVIDIA from $110.
00 to $150.00 and gave the company a “buy” rating in a research note on Tuesday, June 11th. Finally, Tigress Financial lifted their target price on NVIDIA from $98.
50 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, June 18th. Five equities research analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have given a strong buy rating to the company’s stock.
According to data from MarketBeat.com, NVIDIA presently has a consensus rating of “Moderate Buy” and a consensus target price of $142.10.
Insider Activity In other news, CEO Jen Hsun Huang sold 120,000 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $111.83, for a total transaction of $13,419,600.
00. Following the transaction, the chief executive officer now directly owns 75,655,836 shares in the company, valued at approximately $8,460,592,139.88.
The transaction was disclosed in a filing with the SEC, which is available at this hyperlink . In other news, CEO Jen Hsun Huang sold 120,000 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $111.
83, for a total transaction of $13,419,600.00. Following the transaction, the chief executive officer now directly owns 75,655,836 shares in the company, valued at approximately $8,460,592,139.
88. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink . Also, CFO Colette Kress sold 100,000 shares of the business’s stock in a transaction on Friday, June 21st.
The shares were sold at an average price of $126.99, for a total transaction of $12,699,000.00.
Following the transaction, the chief financial officer now owns 5,288,862 shares in the company, valued at $671,632,585.38. The disclosure for this sale can be found here .
Insiders have sold a total of 3,845,633 shares of company stock worth $465,330,122 in the last ninety days. Corporate insiders own 4.23% of the company’s stock.
NVIDIA Price Performance Shares of NASDAQ:NVDA opened at $115.59 on Wednesday. The company’s fifty day moving average is $116.
88 and its two-hundred day moving average is $106.63. The company has a quick ratio of 3.
79, a current ratio of 4.27 and a debt-to-equity ratio of 0.15.
NVIDIA Co. has a 12-month low of $39.23 and a 12-month high of $140.
76. The company has a market cap of $2.84 trillion, a P/E ratio of 67.
60, a price-to-earnings-growth ratio of 1.06 and a beta of 1.67.
NVIDIA ( NASDAQ:NVDA – Get Free Report ) last announced its earnings results on Wednesday, August 28th. The computer hardware maker reported $0.68 earnings per share (EPS) for the quarter, beating 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 company had revenue of $30.
04 billion for the quarter, compared to the consensus estimate of $28.74 billion. During the same period in the previous year, the business earned $0.
25 EPS. The company’s revenue was up 122.4% on a year-over-year basis.
Equities analysts expect that NVIDIA Co. will post 2.64 earnings per share for the current fiscal year.
NVIDIA Cuts Dividend The business also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th will be issued a dividend of $0.01 per share.
This represents a $0.04 annualized dividend and a dividend yield of 0.03%.
The ex-dividend date of this dividend is Thursday, September 12th. NVIDIA’s dividend payout ratio is currently 2.34%.
NVIDIA announced that its Board of Directors has authorized a share repurchase program on Wednesday, August 28th that authorizes the company to repurchase $50.00 billion in shares. This repurchase authorization authorizes the computer hardware maker to buy up to 1.
6% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its shares are 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. Recommended Stories Five stocks we like better than NVIDIA What Are Some of the Best Large-Cap Stocks to Buy? Galmed Pharmaceuticals Surges 400%: What’s Behind the Explosion? What is MarketRankTM? How to Use it Gold Hits New All-Time Highs: 3 Stocks to Ride the Surge What is the Hang Seng index? Intel: Why It’s Time to Reconsider This Beaten-Down Chipmaker 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 .
.
