1 day Ago By ABMN Staff
Roger Wittlin Investment Advisory LLC increased its holdings in NVIDIA Co. ( NASDAQ:NVDA – Free Report ) by 900.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission.
The institutional investor owned 2,470 shares of the computer hardware maker’s stock after purchasing an additional 2,223 shares during the period. Roger Wittlin Investment Advisory LLC’s holdings in NVIDIA were worth $305,000 at the end of the most recent reporting period. Several other hedge funds have also recently bought and sold shares of the business.
FPC Investment Advisory Inc. bought a new position in shares of NVIDIA in the 1st quarter valued at approximately $26,000. Koesten Hirschmann & Crabtree INC.
acquired a new position in NVIDIA during the first quarter valued at approximately $27,000. HBC Financial Services PLLC acquired a new position in NVIDIA during the first quarter valued at approximately $30,000. Norwood Financial Corp bought a new position in shares of NVIDIA in the first quarter valued at approximately $45,000.
Finally, Coston McIsaac & Partners lifted its stake in shares of NVIDIA by 231.3% in the first quarter. Coston McIsaac & Partners now owns 53 shares of the computer hardware maker’s stock worth $47,000 after buying an additional 37 shares during the last quarter.
65.27% of the stock is owned by institutional investors and hedge funds. Insider Buying and Selling at NVIDIA In other news, Director Mark A.
Stevens sold 385,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 9th. The shares were sold at an average price of $130.74, for a total transaction of $50,334,900.
00. Following the transaction, the director now directly owns 9,141,240 shares in the company, valued at $1,195,125,717.60.
The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website . In related news, CEO Jen Hsun Huang sold 120,000 shares of NVIDIA stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $135.
87, for a total value of $16,304,400.00. Following the completion of the sale, the chief executive officer now directly owns 80,814,995 shares in the company, valued at $10,980,333,370.
65. The sale was disclosed in a filing with the SEC, which is available through the SEC website . Also, Director Mark A.
Stevens sold 385,000 shares of the company’s stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $130.74, for a total transaction of $50,334,900.
00. Following the transaction, the director now owns 9,141,240 shares in the company, valued at $1,195,125,717.60.
The disclosure for this sale can be found here . In the last 90 days, insiders sold 3,845,633 shares of company stock worth $465,330,122. 4.
23% of the stock is currently owned by corporate insiders. Analyst Ratings Changes Get Our Latest Report on NVDA NVIDIA Stock Down 1.0 % Shares of NVDA opened at $115.
59 on Wednesday. The company has a market capitalization of $2.84 trillion, a P/E ratio of 67.
60, a PEG ratio of 1.06 and a beta of 1.67.
NVIDIA Co. has a one year low of $39.23 and a one year high of $140.
76. The business’s 50 day simple moving average is $116.88 and its 200-day simple moving average is $106.
63. 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 ( NASDAQ:NVDA – Get Free Report ) last posted its quarterly earnings data on Wednesday, August 28th.
The computer hardware maker reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.
04. NVIDIA had a return on equity of 113.50% and a net margin of 55.
04%. The company had revenue of $30.04 billion for the quarter, compared to analyst estimates of $28.
74 billion. During the same quarter in the previous year, the firm earned $0.25 earnings per share.
The business’s revenue was up 122.4% on a year-over-year basis. As a group, sell-side analysts predict that NVIDIA Co.
will post 2.64 EPS for the current fiscal year. NVIDIA announced that its board has authorized a share buyback 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 purchase up to 1.6% of its shares through open market purchases.
Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued. NVIDIA Cuts Dividend The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Thursday, September 12th will be issued a dividend of $0.
01 per share. This represents a $0.04 dividend on an annualized basis and a 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 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.
See Also 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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