Prairie Sky Financial Group LLC Makes New $272,000 Investment in NVIDIA Co. (NASDAQ:NVDA)

Posted by Defense World Staff on Sep 25th, 2023

Prairie Sky Financial Group LLC bought a new stake in NVIDIA Co. (NASDAQ:NVDA – Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 642 shares of the computer hardware maker’s stock, valued at approximately $272,000.

Several other institutional investors also recently bought and sold shares of NVDA. United Bank lifted its stake in NVIDIA by 28.9% in the first quarter. United Bank now owns 7,717 shares of the computer hardware maker’s stock worth $2,106,000 after acquiring an additional 1,730 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in NVIDIA by 6.8% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,904,772 shares of the computer hardware maker’s stock valued at $1,065,457,000 after buying an additional 249,045 shares during the last quarter. MAS Advisors LLC raised its stake in NVIDIA by 42.1% in the first quarter. MAS Advisors LLC now owns 1,967 shares of the computer hardware maker’s stock valued at $545,000 after buying an additional 583 shares in the last quarter. Navis Wealth Advisors LLC lifted its holdings in NVIDIA by 205.3% during the 1st quarter. Navis Wealth Advisors LLC now owns 2,900 shares of the computer hardware maker’s stock worth $791,000 after buying an additional 1,950 shares during the last quarter. Finally, Ergoteles LLC acquired a new position in shares of NVIDIA during the 1st quarter worth about $929,000. 64.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on NVDA. Rosenblatt Securities restated a “buy” rating on shares of NVIDIA in a research note on Wednesday, September 20th. Robert W. Baird boosted their price target on shares of NVIDIA from $570.00 to $750.00 and gave the company an “outperform” rating in a research report on Thursday, August 24th. Oppenheimer upped their price objective on shares of NVIDIA from $500.00 to $650.00 and gave the company an “outperform” rating in a research note on Thursday, August 24th. Wedbush boosted their target price on NVIDIA from $490.00 to $600.00 and gave the company an “outperform” rating in a report on Thursday, August 24th. Finally, Truist Financial upped their target price on NVIDIA from $545.00 to $668.00 and gave the company a “buy” rating in a research 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 assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $555.70.

Read Our Latest Analysis on NVIDIA

NVIDIA Stock Up 1.4 %

NVIDIA stock opened at $416.10 on Monday. The firm has a market capitalization of $1.03 trillion, a price-to-earnings ratio of 100.51, a price-to-earnings-growth ratio of 3.26 and a beta of 1.74. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.37 and a current ratio of 2.79. NVIDIA Co. has a fifty-two week low of $108.13 and a fifty-two week high of $502.66. The stock’s fifty day moving average is $453.73 and its two-hundred day moving average is $372.60.

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, topping analysts’ consensus estimates of $2.08 by $0.62. The company had revenue of $13.51 billion during the quarter, compared to analysts’ expectations of $11.19 billion. NVIDIA had a net margin of 31.59% and a return on equity of 45.50%. The firm’s quarterly revenue was up 101.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.32 earnings per share. Analysts predict that NVIDIA Co. will post 9.46 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

Insider Buying and Selling at NVIDIA

In related news, CFO Colette Kress sold 4,980 shares of the company’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $460.74, for a total value of $2,294,485.20. Following the completion of the transaction, the chief financial officer now directly owns 499,428 shares in the company, valued at $230,106,456.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Colette Kress sold 4,980 shares of the company’s 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 completion of the transaction, the chief financial officer now owns 499,428 shares of the company’s stock, valued at $230,106,456.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jen Hsun Huang sold 29,688 shares of NVIDIA stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $471.55, for a total transaction of $13,999,376.40. Following the completion of the transaction, the chief executive officer now owns 7,800,125 shares in the company, valued at approximately $3,678,148,943.75. The disclosure for this sale can be found here. In the last three months, insiders sold 145,232 shares of company stock worth $67,606,089. Insiders own 3.99% of the company’s stock.

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.