Bouchey Financial Group Ltd grew its holdings in NVIDIA Co. (NASDAQ:NVDA – Free Report) by 18.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,784 shares of the computer hardware maker’s stock after buying an additional 282 shares during the quarter. Bouchey Financial Group Ltd’s holdings in NVIDIA were worth $755,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the company. David J Yvars Group boosted its holdings in NVIDIA by 1.5% in the first quarter. David J Yvars Group now owns 11,708 shares of the computer hardware maker’s stock valued at $3,252,000 after acquiring an additional 168 shares during the last quarter. Telos Capital Management Inc. increased its position in shares of NVIDIA by 48.1% during the first quarter. Telos Capital Management Inc. now owns 4,560 shares of the computer hardware maker’s stock worth $1,267,000 after acquiring an additional 1,482 shares during the last quarter. Personal Capital Advisors Corp increased its position in shares of NVIDIA by 29.9% during the fourth quarter. Personal Capital Advisors Corp now owns 622,700 shares of the computer hardware maker’s stock worth $91,001,000 after acquiring an additional 143,483 shares during the last quarter. Alta Wealth Advisors LLC increased its holdings in NVIDIA by 14.9% in the first quarter. Alta Wealth Advisors LLC now owns 6,650 shares of the computer hardware maker’s stock valued at $1,847,000 after buying an additional 863 shares during the last quarter. Finally, Inscription Capital LLC increased its holdings in NVIDIA by 1.3% in the first quarter. Inscription Capital LLC now owns 9,643 shares of the computer hardware maker’s stock valued at $2,679,000 after buying an additional 127 shares during the last quarter. 64.79% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on NVDA. Stifel Nicolaus raised NVIDIA from a “hold” rating to a “buy” rating and boosted their price objective for the company from $440.00 to $600.00 in a report on Thursday, August 24th. Piper Sandler boosted their price objective on NVIDIA from $500.00 to $620.00 and gave the company an “overweight” rating in a report on Thursday, August 24th. Oppenheimer boosted their price objective on NVIDIA from $500.00 to $650.00 and gave the company an “outperform” rating in a report on Thursday, August 24th. Wolfe Research boosted their price objective on NVIDIA from $570.00 to $630.00 and gave the company an “outperform” rating in a report on Thursday, August 24th. Finally, Morgan Stanley boosted their price objective on NVIDIA from $500.00 to $630.00 and gave the company an “overweight” rating in a report on Thursday, August 24th. One research analyst has rated the stock with a sell rating, two have given a hold rating, thirty-six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $555.70.
Insider Transactions at NVIDIA
In other news, CEO Jen Hsun Huang sold 29,688 shares of the company’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $454.01, for a total value of $13,478,648.88. Following the transaction, the chief executive officer now directly owns 7,918,875 shares of the company’s stock, valued at $3,595,248,438.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Jen Hsun Huang sold 29,688 shares of the company’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $454.01, for a total value of $13,478,648.88. Following the transaction, the chief executive officer now directly owns 7,918,875 shares of the company’s stock, valued at $3,595,248,438.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark A. Stevens sold 21,500 shares of the company’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $468.08, for a total transaction of $10,063,720.00. Following the completion of the transaction, the director now directly owns 1,030,786 shares in the company, valued at $482,490,310.88. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 145,515 shares of company stock valued at $67,726,231. 3.99% of the stock is owned by insiders.
NVIDIA Price Performance
Shares of NASDAQ:NVDA opened at $416.10 on Friday. The company’s fifty day moving average is $453.73 and its two-hundred day moving average is $371.63. The company has a quick ratio of 2.37, a current ratio of 2.79 and a debt-to-equity ratio of 0.31. NVIDIA Co. has a 12-month low of $108.13 and a 12-month high of $502.66. The company has a market cap of $1.03 trillion, a P/E ratio of 100.51, a price-to-earnings-growth ratio of 3.21 and a beta of 1.74.
NVIDIA (NASDAQ:NVDA – Get Free Report) last announced its earnings results on Wednesday, August 23rd. The computer hardware maker reported $2.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.08 by $0.62. NVIDIA had a net margin of 31.59% and a return on equity of 45.50%. The company had revenue of $13.51 billion for the quarter, compared to the consensus estimate of $11.19 billion. During the same period in the previous year, the business earned $0.32 EPS. The company’s revenue was up 101.5% on a year-over-year basis. Equities analysts expect that NVIDIA Co. will post 9.46 earnings per share for the current fiscal year.
NVIDIA Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Stockholders of record on Thursday, September 7th will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.04%. The ex-dividend date of this dividend is Wednesday, September 6th. NVIDIA’s dividend payout ratio (DPR) is presently 3.86%.
NVIDIA Profile
NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company's 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; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.
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