Rockbridge Investment Management LCC bought a new stake in NVIDIA Co. (NASDAQ:NVDA) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 213 shares of the computer hardware maker’s stock, valued at approximately $81,000.
Several other institutional investors have also made changes to their positions in NVDA. Cable Hill Partners LLC raised its stake in NVIDIA by 1.9% in the second quarter. Cable Hill Partners LLC now owns 1,350 shares of the computer hardware maker’s stock valued at $513,000 after purchasing an additional 25 shares in the last quarter. Vicus Capital increased its holdings in NVIDIA by 1.9% in the 2nd quarter. Vicus Capital now owns 1,420 shares of the computer hardware maker’s stock valued at $539,000 after buying an additional 26 shares during the period. Private Ocean LLC increased its holdings in NVIDIA by 2.7% in the 2nd quarter. Private Ocean LLC now owns 1,037 shares of the computer hardware maker’s stock valued at $393,000 after buying an additional 27 shares during the period. Mitchell Mcleod Pugh & Williams Inc. raised its position in shares of NVIDIA by 2.7% in the 2nd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 1,129 shares of the computer hardware maker’s stock valued at $429,000 after buying an additional 30 shares in the last quarter. Finally, Atlantic Trust LLC lifted its holdings in shares of NVIDIA by 46.9% during the 2nd quarter. Atlantic Trust LLC now owns 94 shares of the computer hardware maker’s stock worth $36,000 after acquiring an additional 30 shares during the period. 68.11% of the stock is owned by institutional investors.
Shares of NVIDIA stock traded down $10.79 on Wednesday, hitting $508.85. 235,348 shares of the company’s stock traded hands, compared to its average volume of 13,156,977. NVIDIA Co. has a one year low of $169.32 and a one year high of $589.07. The company has a debt-to-equity ratio of 0.50, a current ratio of 6.09 and a quick ratio of 5.51. The company has a fifty day moving average of $478.65 and a two-hundred day moving average of $358.25. The company has a market capitalization of $320.62 billion, a price-to-earnings ratio of 93.54, a price-to-earnings-growth ratio of 3.94 and a beta of 1.53.
NVIDIA (NASDAQ:NVDA) last announced its earnings results on Wednesday, August 19th. The computer hardware maker reported $2.18 EPS for the quarter, beating the consensus estimate of $1.97 by $0.21. NVIDIA had a return on equity of 30.41% and a net margin of 25.93%. The company had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.66 billion. During the same quarter in the prior year, the company earned $1.24 EPS. The firm’s revenue for the quarter was up 50.1% compared to the same quarter last year. Equities research analysts anticipate that NVIDIA Co. will post 6.84 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Wednesday, September 2nd will be given a dividend of $0.16 per share. The ex-dividend date is Tuesday, September 1st. This represents a $0.64 annualized dividend and a dividend yield of 0.13%. NVIDIA’s payout ratio is 13.94%.
Several research analysts have commented on NVDA shares. Deutsche Bank boosted their price objective on shares of NVIDIA from $405.00 to $450.00 and gave the company a “hold” rating in a research report on Thursday, August 20th. Needham & Company LLC upped their target price on NVIDIA from $600.00 to $700.00 and gave the stock a “buy” rating in a research note on Tuesday. Oppenheimer restated a “buy” rating and set a $550.00 target price on shares of NVIDIA in a research note on Monday. BMO Capital Markets upped their target price on NVIDIA from $425.00 to $565.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 18th. Finally, Nomura Instinet upped their target price on NVIDIA from $230.00 to $260.00 and gave the stock a “reduce” rating in a research note on Friday, May 22nd. Three analysts have rated the stock with a sell rating, seven have given a hold rating and thirty-one have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $512.97.
In other NVIDIA news, Director Mark A. Stevens sold 22,400 shares of the business’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $378.55, for a total transaction of $8,479,520.00. Following the completion of the sale, the director now owns 161,257 shares in the company, valued at approximately $61,043,837.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark A. Stevens sold 18,166 shares of the business’s stock in a transaction dated Friday, June 19th. The stock was sold at an average price of $372.21, for a total transaction of $6,761,566.86. Following the sale, the director now directly owns 161,257 shares of the company’s stock, valued at $60,021,467.97. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 348,373 shares of company stock worth $152,440,424. 4.47% of the stock is owned by corporate insiders.
NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. The GPU segment comprises of product brands which aims specialized markets including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.
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