Intelligence Driven Advisers LLC purchased a new stake in shares of NVIDIA Co. (NASDAQ:NVDA – Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 509 shares of the computer hardware maker’s stock, valued at approximately $214,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Contravisory Investment Management Inc. bought a new stake in NVIDIA during the 1st quarter worth approximately $28,000. Nordwand Advisors LLC bought a new stake in NVIDIA during the 1st quarter worth approximately $28,000. Graham Capital Wealth Management LLC bought a new stake in NVIDIA during the 1st quarter worth approximately $311,102,000. Quarry LP bought a new stake in NVIDIA during the 1st quarter worth approximately $34,000. Finally, 25 LLC bought a new stake in NVIDIA during the 1st quarter worth approximately $46,000. 64.79% of the stock is owned by institutional investors.
Insider Activity at NVIDIA
In other NVIDIA news, CEO Jen Hsun Huang sold 29,688 shares of the stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $454.01, for a total transaction of $13,478,648.88. Following the completion of the transaction, the chief executive officer now owns 7,918,875 shares in the company, valued at $3,595,248,438.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other NVIDIA news, CEO Jen Hsun Huang sold 29,688 shares of the stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $454.01, for a total transaction of $13,478,648.88. Following the completion of the transaction, the chief executive officer now owns 7,918,875 shares in the company, valued at $3,595,248,438.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Colette Kress sold 4,980 shares of the stock in a transaction dated Monday, August 28th. The stock was 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 145,232 shares of company stock worth $67,606,089. 3.99% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Report on NVIDIA
NVIDIA Price Performance
NVDA opened at $435.17 on Wednesday. The firm has a market cap of $1.07 trillion, a P/E ratio of 105.11, a PEG ratio of 3.40 and a beta of 1.76. The firm has a 50-day moving average of $449.79 and a 200 day moving average of $382.85. 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.
NVIDIA (NASDAQ:NVDA – Get Free Report) last posted its quarterly earnings results on Wednesday, August 23rd. The computer hardware maker reported $2.70 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.62. The company had revenue of $13.51 billion during the quarter, compared to analyst estimates of $11.19 billion. NVIDIA had a net margin of 31.59% and a return on equity of 45.50%. The firm’s revenue for the quarter was up 101.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.32 earnings per share. On average, research analysts expect 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 given a dividend of $0.04 per share. The ex-dividend date was Wednesday, September 6th. This represents a $0.16 annualized dividend and a yield of 0.04%. NVIDIA’s payout ratio is currently 3.86%.
NVIDIA Company 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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