1 day Ago By ABMN Staff
Obsidian Personal Planning Solutions LLC purchased a new stake in shares of NVIDIA Co. ( NASDAQ:NVDA – Free Report ) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 2,105 shares of the computer hardware maker’s stock, valued at approximately $260,000.
Other hedge funds also recently modified their holdings of the company. Proficio Capital Partners LLC raised its position in shares of NVIDIA by 861.4% during the second quarter.
Proficio Capital Partners LLC now owns 264,232 shares of the computer hardware maker’s stock worth $32,643,000 after acquiring an additional 236,747 shares during the last quarter. Catalyst Capital Advisors LLC boosted its holdings in NVIDIA by 870.1% in the second quarter.
Catalyst Capital Advisors LLC now owns 8,653 shares of the computer hardware maker’s stock valued at $1,069,000 after acquiring an additional 7,761 shares during the last quarter. Roger Wittlin Investment Advisory LLC increased its position in NVIDIA by 900.0% during the 2nd quarter.
Roger Wittlin Investment Advisory LLC now owns 2,470 shares of the computer hardware maker’s stock valued at $305,000 after purchasing an additional 2,223 shares during the period. New Millennium Group LLC raised its holdings in NVIDIA by 975.1% during the 2nd quarter.
New Millennium Group LLC now owns 147,763 shares of the computer hardware maker’s stock worth $18,255,000 after purchasing an additional 134,019 shares during the last quarter. Finally, Rooted Wealth Advisors Inc. lifted its position in shares of NVIDIA by 907.
3% in the 2nd quarter. Rooted Wealth Advisors Inc. now owns 14,576 shares of the computer hardware maker’s stock worth $1,765,000 after purchasing an additional 13,129 shares during the period.
Institutional investors and hedge funds own 65.27% of the company’s stock. Wall Street Analysts Forecast Growth Several equities research analysts have recently weighed in on NVDA shares.
DA Davidson reiterated a “neutral” rating and set a $90.00 price objective on shares of NVIDIA in a research report on Thursday, August 29th. JPMorgan Chase & Co.
increased their price target on NVIDIA from $115.00 to $155.00 and gave the stock an “overweight” rating in a report on Thursday, August 29th.
Citigroup boosted their price objective on NVIDIA from $126.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, June 26th.
Benchmark restated a “buy” rating and set a $170.00 target price on shares of NVIDIA in a research report on Thursday, August 29th. Finally, Bank of America reiterated a “buy” rating and issued a $165.
00 target price on shares of NVIDIA in a report on Thursday, September 5th. Five research analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, NVIDIA has an average rating of “Moderate Buy” and a consensus price target of $142.
10. NVIDIA Trading Down 1.0 % Shares of NVDA stock opened at $115.
59 on Wednesday. NVIDIA Co. has a 52-week low of $39.
23 and a 52-week high of $140.76. The company has a 50-day simple moving average of $116.
88 and a two-hundred day simple moving average of $106.63. The company has a debt-to-equity ratio of 0.
15, a quick ratio of 3.79 and a current ratio of 4.27.
The company has a market capitalization of $2.84 trillion, a price-to-earnings ratio of 67.60, a PEG ratio of 1.
06 and a beta of 1.67. NVIDIA ( NASDAQ:NVDA – Get Free Report ) last released 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. The company had revenue of $30.04 billion during the quarter, compared to analyst estimates of $28.
74 billion. NVIDIA had a return on equity of 113.50% and a net margin of 55.
04%. NVIDIA’s quarterly revenue was up 122.4% on a year-over-year basis.
During the same period in the prior year, the company posted $0.25 earnings per share. Research analysts anticipate that NVIDIA Co.
will post 2.64 EPS for the current fiscal year. NVIDIA Cuts Dividend The business 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 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date of this dividend is Thursday, September 12th.
NVIDIA’s dividend payout ratio (DPR) is currently 2.34%. NVIDIA declared that its Board of Directors has authorized a share repurchase program on Wednesday, August 28th that allows the company to buyback $50.
00 billion in shares. This buyback authorization allows the computer hardware maker to buy up to 1.6% of its stock through open market purchases.
Stock buyback programs are typically a sign that the company’s leadership believes its shares are undervalued. Insider Activity at NVIDIA 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 shares were sold at an average price of $111.
83, for a total value of $13,419,600.00. Following the transaction, the chief executive officer now directly owns 75,655,836 shares in the company, valued at $8,460,592,139.
88. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink . In related news, CEO Jen Hsun Huang sold 120,000 shares of NVIDIA stock in a transaction that occurred on Wednesday, September 11th.
The shares were sold at an average price of $111.83, for a total value of $13,419,600.00.
Following the sale, the chief executive officer now owns 75,655,836 shares of the company’s stock, valued at approximately $8,460,592,139.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website .
Also, CFO Colette Kress sold 100,000 shares of the stock in a transaction on Friday, June 21st. The shares were sold at an average price of $126.99, for a total value of $12,699,000.
00. Following the transaction, the chief financial officer now directly owns 5,288,862 shares of the company’s stock, valued at $671,632,585.38.
The disclosure for this sale can be found here . Over the last 90 days, insiders sold 3,845,633 shares of company stock worth $465,330,122. 4.
23% of the stock is owned by company insiders. 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.
Further Reading 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. ( NASDAQ:NVDA – Free Report ).
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