NVIDIA Co. (NASDAQ:NVDA) Shares Bought by St. Johns Investment Management Company LLC

Posted by Defense World Staff on Oct 7th, 2023

St. Johns Investment Management Company LLC increased its stake in shares of NVIDIA Co. (NASDAQ:NVDA – Free Report) by 32.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,763 shares of the computer hardware maker’s stock after buying an additional 670 shares during the quarter. St. Johns Investment Management Company LLC’s holdings in NVIDIA were worth $1,169,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in NVDA. Norges Bank acquired a new position in NVIDIA in the 4th quarter valued at about $3,900,874,000. Moneta Group Investment Advisors LLC increased its position in NVIDIA by 160,446.3% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 19,586,643 shares of the computer hardware maker’s stock valued at $2,862,392,000 after acquiring an additional 19,574,443 shares during the period. GQG Partners LLC acquired a new position in NVIDIA in the 1st quarter valued at about $2,290,856,000. Price T Rowe Associates Inc. MD increased its position in NVIDIA by 9.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 56,956,988 shares of the computer hardware maker’s stock valued at $8,323,694,000 after acquiring an additional 5,043,685 shares during the period. Finally, Morgan Stanley increased its position in NVIDIA by 20.2% in the 4th quarter. Morgan Stanley now owns 27,533,756 shares of the computer hardware maker’s stock valued at $4,023,783,000 after acquiring an additional 4,621,002 shares during the period. Institutional investors and hedge funds own 64.79% of the company’s stock.

NVIDIA Trading Up 2.4 %

Shares of NVDA opened at $457.62 on Friday. The stock has a fifty day moving average of $449.07 and a two-hundred day moving average of $385.08. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.37 and a current ratio of 2.79. The company has a market capitalization of $1.13 trillion, a PE ratio of 110.54, a price-to-earnings-growth ratio of 3.45 and a beta of 1.76. 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 issued 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 the consensus estimate of $11.19 billion. NVIDIA had a return on equity of 45.50% and a net margin of 31.59%. NVIDIA’s revenue was up 101.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.32 EPS. As a group, analysts forecast that NVIDIA Co. will post 9.46 EPS for the current year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 28th. Stockholders of record on Thursday, September 7th were paid a dividend of $0.04 per share. The ex-dividend date was Wednesday, September 6th. This represents a $0.16 annualized dividend and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio is presently 3.86%.

Insider Buying and Selling

In other NVIDIA news, CEO Jen Hsun Huang sold 29,688 shares of the business’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $448.99, for a total transaction of $13,329,615.12. Following the completion of the sale, the chief executive officer now owns 7,918,875 shares of the company’s stock, valued at $3,555,495,686.25. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Jen Hsun Huang sold 29,688 shares of NVIDIA stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $448.99, for a total value of $13,329,615.12. Following the transaction, the chief executive officer now directly owns 7,918,875 shares of the company’s stock, valued at approximately $3,555,495,686.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Colette Kress sold 4,980 shares of the stock in a transaction that occurred on 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 sale, the chief financial officer now directly 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. In the last ninety days, insiders have sold 145,232 shares of company stock valued at $67,606,089. 3.99% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on NVDA. Westpark Capital upgraded NVIDIA from a “hold” rating to a “buy” rating and set a $690.00 price target on the stock in a research report on Thursday, August 24th. Evercore ISI boosted their target price on NVIDIA to $600.00 in a research report on Thursday, August 24th. Truist Financial boosted their target price on NVIDIA from $545.00 to $668.00 and gave the stock a “buy” rating in a research report on Thursday, August 24th. BMO Capital Markets boosted their target price on NVIDIA from $450.00 to $550.00 and gave the stock an “outperform” rating in a research report on Monday, August 21st. Finally, Rosenblatt Securities reiterated a “buy” rating on shares of NVIDIA in a research report on Wednesday, September 20th. 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 assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $558.95.

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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.