NVIDIA Corporation $NVDA Stock Holdings Boosted by N10 Wealth LLC

N10 Wealth LLC raised its position in NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 29.0% in the 3rd quarter, Holdings Channel reports. The firm owned 124,940 shares of the computer hardware maker’s stock after buying an additional 28,074 shares during the period. NVIDIA accounts for approximately 8.0% of N10 Wealth LLC’s investment portfolio, making the stock its biggest holding. N10 Wealth LLC’s holdings in NVIDIA were worth $28,534,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in NVDA. Montgomery Financial Services LLC acquired a new position in NVIDIA during the second quarter worth $28,000. Phillip James Consulting Co. acquired a new position in shares of NVIDIA in the 1st quarter valued at approximately $40,000. Bard Associates Inc. grew its holdings in shares of NVIDIA by 8,866.7% during the 2nd quarter. Bard Associates Inc. now owns 269 shares of the computer hardware maker’s stock valued at $54,000 after purchasing an additional 266 shares during the last quarter. Frankly Finances LLC acquired a new stake in shares of NVIDIA during the second quarter valued at about $60,000. Finally, ABS Investment Management LLC acquired a new stake in NVIDIA in the second quarter valued at $80,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Trading Up 2.8%

NASDAQ:NVDA traded up $5.04 during trading hours on Friday, reaching $186.64. The company’s stock had a trading volume of 179,613,679 shares, compared to its average volume of 100,673,888. The firm has a 50-day simple moving average of $219.80 and a 200-day simple moving average of $204.53. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.85 and a current ratio of 4.59. NVIDIA Corporation has a 1 year low of $164.27 and a 1 year high of $243.37. The firm has a market capitalization of $4.50 trillion, a price-to-earnings ratio of 23.60, a PEG ratio of 1.55 and a beta of 2.21.

NVIDIA (NASDAQ:NVDA – Get Free Report) last announced its quarterly earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 EPS for the quarter, topping analysts’ consensus estimates of $2.09 by $0.13. NVIDIA had a return on equity of 96.04% and a net margin of 63.66%. The business had revenue of $96.22 billion for the quarter, compared to analysts’ expectations of $92.27 billion. During the same period in the previous year, the firm earned $1.05 EPS. The business’s quarterly revenue was up 105.9% on a year-over-year basis. Research analysts expect that NVIDIA Corporation will post 9.30 EPS for the current fiscal year.

NVIDIA announced that its Board of Directors has approved a share repurchase program on Monday, September 28th that authorizes the company to repurchase $150 billion in shares. This repurchase authorization authorizes the computer hardware maker to repurchase up to 2.8% of its shares through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its shares are undervalued.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Thursday, September 10th. NVIDIA’s payout ratio is presently 12.64%.

NVIDIA News Summary

Here are the key news stories impacting NVIDIA this week:

Insiders Place Their Bets

In other news, EVP Timothy S. Teter sold 30,460 shares of NVIDIA stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $222.80, for a total transaction of $6,786,488.00. Following the completion of the transaction, the executive vice president directly owned 2,687,660 shares in the company, valued at approximately $598,810,648. This trade represents a 1.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Colette Kress sold 34,918 shares of NVIDIA stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $219.05, for a total value of $7,648,787.90. Following the completion of the transaction, the chief financial officer directly owned 765,103 shares of the company’s stock, valued at approximately $167,595,812.15. This represents a 4.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,766,118 shares of company stock worth $399,450,353 over the last three months. Company insiders own 3.94% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Evercore set a $465.00 target price on shares of NVIDIA and gave the company an “outperform” rating in a report on Thursday, August 27th. UBS Group restated a “buy” rating on shares of NVIDIA in a report on Friday, October 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of NVIDIA in a research report on Monday, August 31st. Yorkville Ives initiated coverage on NVIDIA in a research note on Tuesday, October 6th. They issued an “outperform” rating and a $300.00 price objective on the stock. Finally, BNP Paribas Exane reiterated an “outperform” rating and issued a $345.00 price objective on shares of NVIDIA in a research note on Monday, October 5th. Five equities research analysts have rated the stock with a Strong Buy rating, forty-eight have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, NVIDIA has an average rating of “Buy” and an average target price of $318.85.

Check Out Our Latest Analysis on NVIDIA

NVIDIA Profile

(Free Report)

NVIDIA Corporation develops graphics processing units (GPUs), accelerated computing platforms and related software. Founded in 1993, the company first became widely known for GPUs used in PC gaming and professional graphics. Its technology now also supports artificial intelligence, scientific computing and other data-intensive applications.

NVIDIA’s offerings include GeForce products for gaming, data-center GPUs and systems for AI workloads, and networking products that connect computing infrastructure.

Further Reading

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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