Kooman & Associates lowered its holdings in NVIDIA Co. (NASDAQ:NVDA – Free Report) by 3.7% in the 2nd quarter, Holdings Channel.com reports. The fund owned 1,377 shares of the computer hardware maker’s stock after selling 53 shares during the quarter. NVIDIA comprises approximately 0.3% of Kooman & Associates’ portfolio, making the stock its 22nd largest holding. Kooman & Associates’ holdings in NVIDIA were worth $582,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the business. United Bank boosted its stake in shares of NVIDIA by 28.9% in the first quarter. United Bank now owns 7,717 shares of the computer hardware maker’s stock valued at $2,106,000 after purchasing an additional 1,730 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of NVIDIA by 6.8% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,904,772 shares of the computer hardware maker’s stock valued at $1,065,457,000 after purchasing an additional 249,045 shares during the period. MAS Advisors LLC boosted its stake in shares of NVIDIA by 42.1% in the first quarter. MAS Advisors LLC now owns 1,967 shares of the computer hardware maker’s stock valued at $545,000 after purchasing an additional 583 shares during the period. Navis Wealth Advisors LLC boosted its stake in NVIDIA by 205.3% during the 1st quarter. Navis Wealth Advisors LLC now owns 2,900 shares of the computer hardware maker’s stock valued at $791,000 after acquiring an additional 1,950 shares during the last quarter. Finally, Ergoteles LLC bought a new position in NVIDIA during the 1st quarter valued at $929,000. Institutional investors and hedge funds own 64.79% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts have commented on the stock. Craig Hallum increased their price objective on shares of NVIDIA from $500.00 to $700.00 and gave the company a “buy” rating in a research note on Thursday, August 24th. HSBC increased their price objective on shares of NVIDIA from $600.00 to $780.00 and gave the company a “buy” rating in a research note on Monday, August 21st. Westpark Capital upgraded shares of NVIDIA from a “hold” rating to a “buy” rating and set a $690.00 price objective on the stock in a research note on Thursday, August 24th. BMO Capital Markets increased their price objective on shares of NVIDIA from $450.00 to $550.00 and gave the company an “outperform” rating in a research note on Monday, August 21st. Finally, Wedbush raised their price target on shares of NVIDIA from $490.00 to $600.00 and gave the stock an “outperform” rating in a research report on Thursday, August 24th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, thirty-five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $558.95.
Insider Activity at NVIDIA
In other news, CEO Jen Hsun Huang sold 29,688 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $471.55, for a total transaction of $13,999,376.40. Following the completion of the transaction, the chief executive officer now directly owns 7,800,125 shares in the company, valued at $3,678,148,943.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Colette Kress sold 4,980 shares of the firm’s 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 directly owns 499,428 shares of the company’s stock, valued at approximately $230,106,456.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jen Hsun Huang sold 29,688 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $471.55, for a total value of $13,999,376.40. Following the transaction, the chief executive officer now owns 7,800,125 shares in the company, valued at $3,678,148,943.75. The disclosure for this sale can be found here. Insiders have sold 145,232 shares of company stock valued at $67,606,089 over the last ninety days. 3.99% of the stock is owned by corporate insiders.
NVIDIA Stock Down 1.1 %
NVDA stock opened at $452.73 on Tuesday. 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 stock has a market capitalization of $1.12 trillion, a price-to-earnings ratio of 109.36, a PEG ratio of 3.55 and a beta of 1.76. The business’s fifty day moving average price is $448.78 and its two-hundred day moving average price is $388.07. 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 earnings results on Wednesday, August 23rd. The computer hardware maker reported $2.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.08 by $0.62. The company had revenue of $13.51 billion for the quarter, compared to analyst estimates of $11.19 billion. NVIDIA had a return on equity of 45.50% and a net margin of 31.59%. NVIDIA’s quarterly revenue was up 101.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.32 EPS. On average, equities analysts anticipate that NVIDIA Co. will post 9.54 earnings per share for the current year.
NVIDIA Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 28th. Investors of record on Thursday, September 7th were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.04%. The ex-dividend date was Wednesday, September 6th. NVIDIA’s dividend payout ratio (DPR) 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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