2 weeks Ago By ABMN Staff
Turtle Creek Wealth Advisors LLC increased its position in NVIDIA Co. ( NASDAQ:NVDA – Free Report ) by 897.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission.
The firm owned 66,024 shares of the computer hardware maker’s stock after buying an additional 59,406 shares during the quarter. NVIDIA accounts for approximately 1.9% of Turtle Creek Wealth Advisors LLC’s holdings, making the stock its 8th biggest holding.
Turtle Creek Wealth Advisors LLC’s holdings in NVIDIA were worth $8,157,000 at the end of the most recent reporting period. A number of other institutional investors also recently modified their holdings of the company. Bank of New York Mellon Corp lifted its position in NVIDIA by 854.
1% during the second 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 buying an additional 163,482,580 shares during the period. Baillie Gifford & Co.
boosted its position in shares of NVIDIA by 696.6% during the second quarter. Baillie Gifford & Co.
now owns 82,058,614 shares of the computer hardware maker’s stock valued at $10,137,521,000 after buying an additional 71,757,065 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of NVIDIA by 829.
0% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 64,055,653 shares of the computer hardware maker’s stock valued at $7,913,435,000 after purchasing an additional 57,160,191 shares during the last quarter.
Van ECK Associates Corp boosted its stake in shares of NVIDIA by 741.8% in the 2nd quarter. Van ECK Associates Corp now owns 40,008,518 shares of the computer hardware maker’s stock worth $4,942,652,000 after buying an additional 35,255,679 shares during the last quarter.
Finally, Swedbank AB grew its stake in shares of NVIDIA by 798.8% during the 2nd quarter. Swedbank AB now owns 39,020,364 shares of the computer hardware maker’s stock valued at $4,820,576,000 after purchasing an additional 34,678,944 shares during the period.
65.27% of the stock is currently owned by hedge funds and other institutional investors. Insider Buying and Selling In other news, Director Mark A.
Stevens sold 165,100 shares of the business’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $121.27, for a total transaction of $20,021,677.
00. Following the completion of the sale, the director now directly owns 8,420,117 shares of the company’s stock, valued at $1,021,107,588.59.
The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink . In related news, insider Donald F. Robertson, Jr.
sold 4,500 shares of NVIDIA stock in a transaction dated 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink . Also, Director Mark A. Stevens sold 165,100 shares of NVIDIA stock in a transaction that occurred on Tuesday, September 24th.
The shares were sold at an average price of $121.27, for a total transaction of $20,021,677.00.
Following the completion of the transaction, the director now owns 8,420,117 shares of the company’s stock, valued at $1,021,107,588.59. The disclosure for this sale can be found here .
In the last three months, insiders have sold 4,277,403 shares of company stock valued at $512,029,184. 4.23% of the stock is owned by company insiders.
NVIDIA Price Performance NVIDIA ( NASDAQ:NVDA – Get Free Report ) last released its quarterly earnings results on Wednesday, August 28th. The computer hardware maker reported $0.68 EPS for the quarter, beating 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 firm 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 company posted $0.
25 EPS. The business’s revenue was up 122.4% on a year-over-year basis.
Research analysts predict that NVIDIA Co. will post 2.65 earnings per share for the current fiscal year.
NVIDIA announced that its Board of Directors has authorized a share repurchase plan on Wednesday, August 28th that authorizes the company to repurchase $50.00 billion in outstanding shares. This repurchase authorization authorizes the computer hardware maker to repurchase up to 1.
6% of its shares through open market purchases. Shares repurchase plans are usually a sign 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.
Stockholders of record on Thursday, September 12th will be issued a dividend of $0.01 per share. The ex-dividend date is Thursday, September 12th.
This represents a $0.04 annualized dividend and a dividend yield of 0.03%.
NVIDIA’s dividend payout ratio is currently 2.34%. Wall Street Analyst Weigh In Several research firms recently weighed in on NVDA.
Westpark Capital lifted their target price on NVIDIA from $127.50 to $165.00 and gave the company a “buy” rating in a research report on Thursday, August 29th.
William Blair assumed coverage on NVIDIA in a research report on Wednesday, September 18th. They set an “outperform” rating on the stock. Melius Research increased their price target on NVIDIA from $125.
00 to $160.00 and gave the stock a “buy” rating in a report on Friday, June 21st. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $100.
00 price objective on shares of NVIDIA in a report on Monday, August 5th. Finally, Evercore ISI lifted their price objective on shares of NVIDIA from $145.00 to $150.
00 and gave the company an “outperform” rating in a report on Friday, August 23rd. Five equities research analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, NVIDIA has a consensus rating of “Moderate Buy” and an average price target of $142.
10. Check Out Our Latest Report on NVIDIA 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. ( NASDAQ:NVDA – Free Report ).
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