Round Rock Advisors LLC lowered its position in shares of NVIDIA Co. (NASDAQ:NVDA – Free Report) by 8.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,005 shares of the computer hardware maker’s stock after selling 95 shares during the period. Round Rock Advisors LLC’s holdings in NVIDIA were worth $425,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently made changes to their positions in the company. Contravisory Investment Management Inc. bought a new position in NVIDIA during the 1st quarter worth $28,000. Nordwand Advisors LLC bought a new position in NVIDIA during the 1st quarter worth $28,000. Quarry LP bought a new position in NVIDIA during the 1st quarter worth $34,000. Financial Connections Group Inc. increased its stake in NVIDIA by 605.7% during the 4th quarter. Financial Connections Group Inc. now owns 247 shares of the computer hardware maker’s stock worth $36,000 after acquiring an additional 212 shares during the period. Finally, Chelsea Counsel Co. bought a new position in NVIDIA during the 4th quarter worth $37,000. Institutional investors own 64.79% of the company’s stock.
NVIDIA Stock Performance
NVDA stock opened at $457.62 on Friday. The stock has a 50-day moving average price of $449.07 and a 200-day moving average price of $385.94. NVIDIA Co. has a 1-year low of $108.13 and a 1-year high of $502.66. The company has a current ratio of 2.79, a quick ratio of 2.37 and a debt-to-equity ratio of 0.31. The firm has a market cap of $1.13 trillion, a PE ratio of 110.54, a price-to-earnings-growth ratio of 3.47 and a beta of 1.76.
NVIDIA Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, September 28th. Investors of record on Thursday, September 7th were given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date was Wednesday, September 6th. NVIDIA’s payout ratio is 3.86%.
Wall Street Analyst Weigh In
A number of equities analysts have commented on the company. Raymond James raised their price objective on NVIDIA from $500.00 to $600.00 and gave the stock a “strong-buy” rating in a research note on Thursday, August 24th. The Goldman Sachs Group raised NVIDIA from a “buy” rating to a “conviction-buy” rating in a report on Monday, October 2nd. UBS Group raised their target price on NVIDIA from $540.00 to $560.00 and gave the company a “buy” rating in a report on Thursday, August 24th. Barclays raised their target price on NVIDIA from $600.00 to $650.00 and gave the company an “overweight” rating in a report on Thursday, August 24th. Finally, Piper Sandler raised their target price on NVIDIA from $500.00 to $620.00 and gave the company an “overweight” rating in a report on Thursday, August 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-five have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $558.95.
Get Our Latest Stock Analysis on NVDA
Insider Activity at NVIDIA
In related 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 value of $10,063,720.00. Following the completion of the sale, the director now directly owns 1,030,786 shares of the company’s stock, valued at approximately $482,490,310.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other NVIDIA news, CEO Jen Hsun Huang sold 29,688 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $486.40, for a total transaction of $14,440,243.20. Following the completion of the sale, the chief executive officer now directly owns 7,800,125 shares of the company’s stock, valued at approximately $3,793,980,800. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark A. Stevens sold 21,500 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $468.08, for a total value of $10,063,720.00. Following the sale, the director now directly owns 1,030,786 shares of the company’s stock, valued at $482,490,310.88. The disclosure for this sale can be found here. Insiders sold 145,232 shares of company stock valued at $67,606,089 in the last three months. Corporate insiders own 3.99% of the company’s stock.
NVIDIA 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.
Featured Articles
- Five stocks we like better than NVIDIA
- Uptrend Stocks Explained: Learn How to Trade Using Uptrends
- How To Find Value Stocks Using This Simple Filtering Method
- What Is WallStreetBets and What Stocks Are They Targeting?
- MarketBeat Week in Review – 10/2 – 10/6
- 2 Fintech Stocks to Buy Now and 1 to Avoid
- Levi Strauss: A Bottom is in for Steady, Stable Dividend Payer
Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Co. (NASDAQ:NVDA – Free Report).
Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.com's FREE daily email newsletter.
