549 Shares in NVIDIA Co. (NASDAQ:NVDA) Purchased by Brendel Financial Advisors LLC

Posted by Defense World Staff on Oct 10th, 2023

Brendel Financial Advisors LLC acquired a new stake in shares of NVIDIA Co. (NASDAQ:NVDA – Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 549 shares of the computer hardware maker’s stock, valued at approximately $232,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. BCM Advisors LLC boosted its stake in shares of NVIDIA by 0.8% in the second quarter. BCM Advisors LLC now owns 3,023 shares of the computer hardware maker’s stock valued at $1,390,000 after purchasing an additional 23 shares during the period. Von Berge Wealth Management Group LLC increased its holdings in shares of NVIDIA by 2.6% in 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 acquiring an additional 24 shares during the period. 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 period. Hoxton Planning & Management LLC grew its position in NVIDIA by 0.4% in the 2nd quarter. Hoxton Planning & Management LLC now owns 6,151 shares of the computer hardware maker’s stock valued at $2,602,000 after buying an additional 26 shares during the last quarter. Finally, IVC Wealth Advisors LLC grew its position in 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 buying an additional 27 shares during the last quarter. Institutional investors own 64.79% of the company’s stock.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $452.73 on Tuesday. The firm’s 50-day simple moving average is $448.78 and its 200 day simple moving average is $388.07. The stock has a market cap of $1.12 trillion, a P/E ratio of 109.36, a P/E/G ratio of 3.55 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. The company has a quick ratio of 2.37, a current ratio of 2.79 and a debt-to-equity ratio of 0.31.

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 analysts’ consensus estimates of $2.08 by $0.62. The firm 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 revenue was up 101.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.32 earnings per share. Equities analysts expect that NVIDIA Co. will post 9.54 EPS for the current year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 28th. Investors of record on Thursday, September 7th were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.04%. The ex-dividend date of this dividend was Wednesday, September 6th. NVIDIA’s payout ratio is currently 3.86%.

Insider Buying and Selling

In related news, CEO Jen Hsun Huang sold 29,688 shares of NVIDIA stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $486.40, for a total value of $14,440,243.20. Following the transaction, the chief executive officer now owns 7,800,125 shares of the company’s stock, valued at approximately $3,793,980,800. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Jen Hsun Huang sold 29,688 shares of NVIDIA stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $486.40, for a total value of $14,440,243.20. Following the transaction, the chief executive officer now owns 7,800,125 shares of the company’s stock, valued at approximately $3,793,980,800. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Colette Kress sold 4,980 shares of NVIDIA stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $460.74, for a total value of $2,294,485.20. Following the completion of the transaction, the chief financial officer now directly owns 499,428 shares in the company, valued at approximately $230,106,456.72. The disclosure for this sale can be found here. Insiders have sold a total of 145,232 shares of company stock valued at $67,606,089 over the last three months. Company insiders own 3.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. BMO Capital Markets lifted their price objective on shares of NVIDIA from $450.00 to $550.00 and gave the company an “outperform” rating in a research report on Monday, August 21st. Morgan Stanley boosted their target price on shares of NVIDIA from $500.00 to $630.00 and gave the stock an “overweight” rating in a research report on Thursday, August 24th. Rosenblatt Securities restated a “buy” rating on shares of NVIDIA in a research report on Wednesday, September 20th. The Goldman Sachs Group upgraded shares of NVIDIA from a “buy” rating to a “conviction-buy” rating in a research report on Monday, October 2nd. Finally, Wolfe Research boosted their target price on shares of NVIDIA from $570.00 to $630.00 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 issued a hold rating, thirty-five have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $558.95.

View Our Latest Research Report on NVDA

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.