Exchange Traded Concepts LLC decreased its stake in shares of NVIDIA Co. (NASDAQ:NVDA – Free Report) by 39.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 140,824 shares of the computer hardware maker’s stock after selling 91,189 shares during the quarter. NVIDIA makes up 1.5% of Exchange Traded Concepts LLC’s portfolio, making the stock its 6th largest position. Exchange Traded Concepts LLC’s holdings in NVIDIA were worth $59,571,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Von Berge Wealth Management Group LLC increased its position in NVIDIA by 2.6% during the 2nd quarter. Von Berge Wealth Management Group LLC now owns 930 shares of the computer hardware maker’s stock valued at $393,000 after purchasing an additional 24 shares during the period. David J Yvars Group increased its position in NVIDIA by 1.5% during the 1st quarter. David J Yvars Group now owns 11,708 shares of the computer hardware maker’s stock valued at $3,252,000 after purchasing an additional 168 shares during the period. Telos Capital Management Inc. increased its position in NVIDIA by 48.1% during the 1st quarter. Telos Capital Management Inc. now owns 4,560 shares of the computer hardware maker’s stock valued at $1,267,000 after purchasing an additional 1,482 shares during the period. Personal Capital Advisors Corp increased its position in NVIDIA by 29.9% during the 4th quarter. Personal Capital Advisors Corp now owns 622,700 shares of the computer hardware maker’s stock valued at $91,001,000 after purchasing an additional 143,483 shares during the period. Finally, Alta Wealth Advisors LLC increased its position in NVIDIA by 14.9% during the 1st quarter. Alta Wealth Advisors LLC now owns 6,650 shares of the computer hardware maker’s stock valued at $1,847,000 after purchasing an additional 863 shares during the period. Institutional investors own 64.79% of the company’s stock.
Insiders Place Their Bets
In other NVIDIA news, Director Mark A. Stevens sold 21,500 shares of the company’s stock in a transaction on Monday, August 28th. The shares were 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 directly owns 1,030,786 shares in the company, valued at $482,490,310.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other NVIDIA news, Director Mark A. Stevens sold 21,500 shares of the company’s stock in a transaction on Monday, August 28th. The shares were 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 directly owns 1,030,786 shares in the company, valued at $482,490,310.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Colette Kress sold 4,980 shares of the company’s stock in a transaction 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 transaction, the chief financial officer now owns 499,428 shares of the company’s stock, valued at $230,106,456.72. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 145,232 shares of company stock worth $67,606,089. Company insiders own 3.99% of the company’s stock.
Analyst Upgrades and Downgrades
Check Out Our Latest Analysis on NVDA
NVIDIA Stock Performance
NVDA opened at $457.62 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.79 and a quick ratio of 2.37. The firm has a fifty 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 stock has a market cap of $1.13 trillion, a P/E ratio of 110.54, a P/E/G ratio of 3.47 and a beta of 1.76.
NVIDIA (NASDAQ:NVDA – Get Free Report) last posted its earnings results on Wednesday, August 23rd. The computer hardware maker reported $2.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.08 by $0.62. The firm 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%. The business’s revenue was up 101.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.32 EPS. Equities research analysts anticipate that NVIDIA Co. will post 9.54 earnings per share for the current year.
NVIDIA Dividend Announcement
The business also recently disclosed 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 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date was Wednesday, September 6th. NVIDIA’s dividend payout ratio is presently 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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