Activest Wealth Management lowered its stake in NVIDIA Co. (NASDAQ:NVDA – Free Report) by 65.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 744 shares of the computer hardware maker’s stock after selling 1,398 shares during the period. Activest Wealth Management’s holdings in NVIDIA were worth $152,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in NVDA. Contravisory Investment Management Inc. acquired a new stake in shares of NVIDIA in the first quarter worth about $28,000. Nordwand Advisors LLC bought a new position in shares of NVIDIA in the first quarter worth about $28,000. Quarry LP bought a new position in shares of NVIDIA in the first quarter worth about $34,000. Financial Connections Group Inc. increased its stake in shares of NVIDIA by 605.7% in the fourth quarter. Financial Connections Group Inc. now owns 247 shares of the computer hardware maker’s stock worth $36,000 after purchasing an additional 212 shares during the period. Finally, Chelsea Counsel Co. bought a new position in shares of NVIDIA in the fourth quarter worth about $37,000. Institutional investors and hedge funds own 64.79% of the company’s stock.
Insider Buying and Selling
In related news, CFO Colette Kress sold 4,980 shares of the firm’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 sale, the chief financial officer now owns 499,428 shares of the company’s stock, valued at approximately $230,106,456.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Jen Hsun Huang sold 29,688 shares of the firm’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $448.99, for a total transaction of $13,329,615.12. Following the sale, the chief executive officer now owns 7,918,875 shares of the company’s stock, valued at approximately $3,555,495,686.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Colette Kress sold 4,980 shares of the firm’s stock in a transaction on 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 sale, 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. In the last quarter, insiders have sold 145,232 shares of company stock valued at $67,606,089. 3.99% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
Get Our Latest Research Report on NVDA
NVIDIA Stock Up 2.2 %
NASDAQ:NVDA opened at $468.06 on Thursday. NVIDIA Co. has a 12-month low of $108.13 and a 12-month 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. The firm has a market capitalization of $1.16 trillion, a P/E ratio of 113.06, a P/E/G ratio of 3.52 and a beta of 1.76. The stock’s fifty day simple moving average is $449.15 and its 200-day simple moving average is $389.96.
NVIDIA (NASDAQ:NVDA – Get Free Report) last posted its quarterly 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. NVIDIA had a return on equity of 45.50% and a net margin of 31.59%. The business had revenue of $13.51 billion for the quarter, compared to analyst estimates of $11.19 billion. During the same period last year, the company earned $0.32 EPS. The firm’s revenue was up 101.5% on a year-over-year basis. Equities research analysts expect that NVIDIA Co. will post 9.54 earnings per share for the current year.
NVIDIA Announces Dividend
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 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 presently 3.86%.
About NVIDIA
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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