Guild Investment Management Inc. Takes Position in NVIDIA Co. (NASDAQ:NVDA)

Posted by Defense World Staff on Oct 7th, 2023

Guild Investment Management Inc. acquired a new stake in NVIDIA Co. (NASDAQ:NVDA – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 544 shares of the computer hardware maker’s stock, valued at approximately $230,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. BCM Advisors LLC increased its holdings in shares of NVIDIA by 0.8% in the 2nd quarter. BCM Advisors LLC now owns 3,023 shares of the computer hardware maker’s stock valued at $1,390,000 after acquiring an additional 23 shares during the last quarter. Hutchens & Kramer Investment Management Group LLC increased its holdings in shares of NVIDIA by 3.1% in the 2nd quarter. Hutchens & Kramer Investment Management Group LLC now owns 852 shares of the computer hardware maker’s stock valued at $360,000 after acquiring an additional 26 shares during the last quarter. IVC Wealth Advisors LLC increased its holdings in shares of NVIDIA by 0.7% in the 2nd quarter. IVC Wealth Advisors LLC now owns 3,629 shares of the computer hardware maker’s stock valued at $1,535,000 after acquiring an additional 27 shares during the last quarter. Smallwood Wealth Investment Management LLC increased its holdings in shares of NVIDIA by 2.0% in the 2nd quarter. Smallwood Wealth Investment Management LLC now owns 1,523 shares of the computer hardware maker’s stock valued at $644,000 after acquiring an additional 30 shares during the last quarter. Finally, NovaPoint Capital LLC increased its holdings in shares of NVIDIA by 0.7% in the 2nd quarter. NovaPoint Capital LLC now owns 4,680 shares of the computer hardware maker’s stock valued at $1,980,000 after acquiring an additional 31 shares during the last quarter. Hedge funds and other institutional investors own 64.79% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft increased their price objective on NVIDIA from $440.00 to $560.00 and gave the company a “hold” rating in a report on Thursday, August 24th. Oppenheimer upped their target price on NVIDIA from $500.00 to $650.00 and gave the company an “outperform” rating in a research report on Thursday, August 24th. UBS Group upped their target price on NVIDIA from $540.00 to $560.00 and gave the company a “buy” rating in a research report on Thursday, August 24th. Citigroup upped their target price on NVIDIA from $520.00 to $630.00 and gave the company a “buy” rating in a research report on Thursday, August 24th. Finally, Morgan Stanley upped their target price on NVIDIA from $500.00 to $630.00 and gave the company an “overweight” rating in a research report on Thursday, August 24th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-five have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $558.95.

Check Out Our Latest Stock Analysis on NVIDIA

NVIDIA Stock Performance

NVIDIA stock opened at $457.62 on Friday. 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 stock has a fifty day moving average of $449.07 and a two-hundred day moving average of $385.08. The company has a market capitalization of $1.13 trillion, a price-to-earnings ratio of 110.54, a PEG 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 released its quarterly earnings results 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 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% compared to the same quarter last year. During the same quarter last year, the business posted $0.32 earnings per share. On average, analysts anticipate that NVIDIA Co. will post 9.46 EPS for the current fiscal year.

NVIDIA Announces Dividend

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

Insiders Place Their Bets

In other news, CEO Jen Hsun Huang sold 29,688 shares of NVIDIA stock in a transaction on 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 sale, the chief executive officer now owns 7,918,875 shares of the company’s stock, valued at $3,595,248,438.75. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO Jen Hsun Huang sold 29,688 shares of NVIDIA stock in a transaction on 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 sale, the chief executive officer now owns 7,918,875 shares of the company’s stock, valued at $3,595,248,438.75. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Colette Kress sold 4,980 shares of NVIDIA stock in a transaction on Monday, August 28th. The shares were sold at an average price of $460.74, for a total value of $2,294,485.20. Following the completion of 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. Over the last 90 days, insiders sold 145,232 shares of company stock valued at $67,606,089. Corporate 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.