Penn Davis Mcfarland Inc. Has $790,000 Stake in NVIDIA Co. (NASDAQ:NVDA)

Posted by on Oct 4th, 2023

Penn Davis Mcfarland Inc. decreased its stake in NVIDIA Co. (NASDAQ:NVDA – Free Report) by 20.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,868 shares of the computer hardware maker’s stock after selling 485 shares during the quarter. Penn Davis Mcfarland Inc.’s holdings in NVIDIA were worth $790,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of NVDA. BCM Advisors LLC boosted its stake in NVIDIA by 0.8% during the 2nd quarter. BCM Advisors LLC now owns 3,023 shares of the computer hardware maker’s stock worth $1,390,000 after acquiring an additional 23 shares during the last quarter. IVC Wealth Advisors LLC boosted its stake in NVIDIA by 0.7% during the 2nd quarter. IVC Wealth Advisors LLC now owns 3,629 shares of the computer hardware maker’s stock worth $1,535,000 after acquiring an additional 27 shares during the last quarter. Smallwood Wealth Investment Management LLC boosted its stake in NVIDIA by 2.0% during the 2nd quarter. Smallwood Wealth Investment Management LLC now owns 1,523 shares of the computer hardware maker’s stock worth $644,000 after acquiring an additional 30 shares during the last quarter. NovaPoint Capital LLC boosted its stake in NVIDIA by 0.7% during the 2nd quarter. NovaPoint Capital LLC now owns 4,680 shares of the computer hardware maker’s stock worth $1,980,000 after acquiring an additional 31 shares during the last quarter. Finally, Monument Capital Management raised its holdings in NVIDIA by 1.9% during the 2nd quarter. Monument Capital Management now owns 1,641 shares of the computer hardware maker’s stock worth $694,000 after buying an additional 31 shares during the period. Institutional investors and hedge funds own 64.79% of the company’s stock.

NVIDIA Trading Down 2.8 %

Shares of NVIDIA stock opened at $435.17 on Wednesday. The firm has a 50-day moving average of $449.79 and a 200-day moving average of $382.85. The stock has a market cap of $1.07 trillion, a PE ratio of 105.11, a PEG ratio of 3.40 and a beta of 1.76. NVIDIA Co. has a 52-week low of $108.13 and a 52-week high of $502.66. 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 (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 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%. NVIDIA’s quarterly revenue was up 101.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.32 earnings per share. As a group, sell-side analysts forecast that NVIDIA Co. will post 9.46 EPS for the current year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 28th. Investors of record on Thursday, September 7th were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.04%. The ex-dividend date was Wednesday, September 6th. NVIDIA’s dividend payout ratio (DPR) is presently 3.86%.

Analyst Ratings Changes

Several brokerages have commented on NVDA. Mizuho raised their target price on shares of NVIDIA from $530.00 to $590.00 and gave the stock a “buy” rating in a report on Thursday, August 24th. Evercore ISI raised their target price on shares of NVIDIA to $600.00 in a report on Thursday, August 24th. Deutsche Bank Aktiengesellschaft raised their target price on shares of NVIDIA from $440.00 to $560.00 and gave the stock a “hold” rating in a report on Thursday, August 24th. Wedbush raised their target price on shares of NVIDIA from $490.00 to $600.00 and gave the stock an “outperform” rating in a report on Thursday, August 24th. Finally, Oppenheimer lifted their price objective on shares of NVIDIA from $500.00 to $650.00 and gave the company an “outperform” rating in a report on Thursday, August 24th. One analyst has rated the stock with a sell rating, two have given a hold rating, thirty-five have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $558.95.

View Our Latest Stock Report on NVDA

Insider Activity at NVIDIA

In related news, CEO Jen Hsun Huang sold 29,688 shares of the business’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $454.01, for a total value of $13,478,648.88. Following the completion of the transaction, the chief executive officer now owns 7,918,875 shares of the company’s stock, valued at $3,595,248,438.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other NVIDIA news, Director Mark A. Stevens sold 21,500 shares of the business’s stock in a transaction dated 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 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 this hyperlink. Also, CEO Jen Hsun Huang sold 29,688 shares of the business’s stock in a transaction dated Wednesday, September 13th. The stock was 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 approximately $3,595,248,438.75. The disclosure for this sale can be found here. Insiders sold a total of 145,232 shares of company stock valued at $67,606,089 over the last quarter. 3.99% of the stock is owned by corporate insiders.

NVIDIA Company 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.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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