United Advisor Group LLC raised its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 6.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 125,697 shares of the computer hardware maker's stock after purchasing an additional 7,930 shares during the period. NVIDIA comprises 3.4% of United Advisor Group LLC's investment portfolio, making the stock its biggest position. United Advisor Group LLC's holdings in NVIDIA were worth $19,859,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also made changes to their positions in the company. Harbor Asset Planning Inc. purchased a new stake in shares of NVIDIA in the 2nd quarter valued at approximately $28,000. Spurstone Advisory Services LLC purchased a new position in shares of NVIDIA in the 2nd quarter valued at about $40,000. Kathleen S. Wright Associates Inc. raised its position in shares of NVIDIA by 169.3% during the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock worth $44,000 after acquiring an additional 254 shares in the last quarter. Legend Financial Advisors Inc. purchased a new stake in NVIDIA during the second quarter worth approximately $55,000. Finally, Campbell Capital Management Inc. boosted its holdings in NVIDIA by 5,900.0% in the first quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker's stock valued at $65,000 after purchasing an additional 590 shares in the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research firms have weighed in on NVDA. Melius Research raised their price objective on shares of NVIDIA from $300.00 to $320.00 and gave the stock a "buy" rating in a report on Thursday, November 20th. Loop Capital boosted their price target on shares of NVIDIA from $250.00 to $350.00 and gave the company a "buy" rating in a research report on Monday, November 3rd. Argus reaffirmed a "buy" rating and set a $220.00 price objective on shares of NVIDIA in a report on Thursday, November 20th. Robert W. Baird set a $275.00 target price on NVIDIA and gave the company an "outperform" rating in a report on Thursday, November 20th. Finally, Mizuho upped their target price on NVIDIA from $235.00 to $245.00 and gave the company an "outperform" rating in a research report on Thursday, November 20th. Four investment analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, NVIDIA has an average rating of "Buy" and a consensus target price of $258.65.
Read Our Latest Report on NVIDIA
NVIDIA Stock Down 0.5%
NVDA opened at $182.41 on Monday. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $212.19. The business has a 50 day moving average price of $187.13 and a two-hundred day moving average price of $172.37. The company has a quick ratio of 3.71, a current ratio of 4.47 and a debt-to-equity ratio of 0.06. The company has a market cap of $4.43 trillion, a PE ratio of 45.26, a P/E/G ratio of 0.90 and a beta of 2.29.
NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.23 by $0.07. NVIDIA had a return on equity of 99.24% and a net margin of 53.01%.The business had revenue of $57.01 billion for the quarter, compared to analyst estimates of $54.66 billion. During the same quarter in the previous year, the company posted $0.81 earnings per share. The company's revenue for the quarter was up 62.5% compared to the same quarter last year. As a group, research analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.
NVIDIA Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Thursday, December 4th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA's payout ratio is presently 0.99%.
Insider Transactions at NVIDIA
In related news, Director Mark A. Stevens sold 350,000 shares of the stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $176.39, for a total transaction of $61,736,500.00. Following the completion of the transaction, the director directly owned 7,399,803 shares of the company's stock, valued at $1,305,251,251.17. This represents a 4.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Harvey C. Jones sold 250,000 shares of the firm's stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $176.21, for a total value of $44,052,500.00. Following the completion of the sale, the director directly owned 7,183,280 shares of the company's stock, valued at $1,265,765,768.80. This represents a 3.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 2,874,931 shares of company stock worth $518,877,705 over the last ninety days. 4.17% of the stock is currently owned by company insiders.
NVIDIA Profile
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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.
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