NVIDIA Co. (NASDAQ:NVDA) Position Lessened by Paradigm Financial Partners LLC

Posted by Defense World Staff on Sep 25th, 2023

Paradigm Financial Partners LLC lowered its position in NVIDIA Co. (NASDAQ:NVDA – Free Report) by 3.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,557 shares of the computer hardware maker’s stock after selling 300 shares during the quarter. NVIDIA makes up approximately 1.0% of Paradigm Financial Partners LLC’s holdings, making the stock its 25th biggest position. Paradigm Financial Partners LLC’s holdings in NVIDIA were worth $3,620,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. Contravisory Investment Management Inc. acquired a new stake in shares of NVIDIA in the first quarter worth about $28,000. Nordwand Advisors LLC acquired a new stake in NVIDIA in the 1st quarter worth approximately $28,000. Graham Capital Wealth Management LLC bought a new position in shares of NVIDIA in the first quarter valued at approximately $311,102,000. Quarry LP acquired a new stake in shares of NVIDIA in the first quarter worth $34,000. Finally, 25 LLC bought a new stake in shares of NVIDIA during the 1st quarter worth $46,000. 64.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at NVIDIA

In related news, Director Mark A. Stevens sold 21,500 shares of NVIDIA 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 sale, the director now directly owns 1,030,786 shares of the company’s stock, valued at $482,490,310.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CFO Colette Kress sold 4,980 shares of NVIDIA stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $460.74, for a total transaction of $2,294,485.20. Following the transaction, the chief financial officer now owns 499,428 shares of the company’s stock, valued at approximately $230,106,456.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mark A. Stevens sold 21,500 shares of the company’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $468.08, for a total transaction of $10,063,720.00. Following the completion of the sale, the director now directly owns 1,030,786 shares of the company’s stock, valued at approximately $482,490,310.88. The disclosure for this sale can be found here. In the last 90 days, insiders sold 145,232 shares of company stock worth $67,606,089. Insiders own 3.99% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Piper Sandler upped their price target on shares of NVIDIA from $500.00 to $620.00 and gave the company an “overweight” rating in a report on Thursday, August 24th. Argus lifted their price target on NVIDIA from $450.00 to $600.00 and gave the stock a “buy” rating in a research report on Thursday, August 24th. Barclays increased their price objective on NVIDIA from $600.00 to $650.00 and gave the company an “overweight” rating in a research report on Thursday, August 24th. StockNews.com assumed coverage on shares of NVIDIA in a research note on Thursday, August 17th. They set a “hold” rating for the company. Finally, Phillip Securities upgraded shares of NVIDIA from an “accumulate” rating to a “buy” rating in a research report on Monday, August 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $555.70.

View Our Latest Report on NVDA

NVIDIA Trading Up 1.4 %

NVDA stock opened at $416.10 on Monday. The business has a fifty day moving average of $453.73 and a 200-day moving average of $372.60. The company has a market cap of $1.03 trillion, a P/E ratio of 100.51, a PEG ratio of 3.26 and a beta of 1.74. NVIDIA Co. has a twelve month low of $108.13 and a twelve month high of $502.66. 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 (NASDAQ:NVDA – Get Free Report) last announced its quarterly earnings data on Wednesday, August 23rd. The computer hardware maker reported $2.70 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.62. The firm had revenue of $13.51 billion during the quarter, compared to analysts’ expectations of $11.19 billion. NVIDIA had a return on equity of 45.50% and a net margin of 31.59%. The company’s quarterly revenue was up 101.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.32 EPS. As a group, equities research analysts expect that NVIDIA Co. will post 9.46 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Shareholders of record on Thursday, September 7th will be issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.04%. The ex-dividend date is Wednesday, September 6th. NVIDIA’s dividend payout ratio is presently 3.86%.

NVIDIA Profile

(Free Report)

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.