RMR Wealth Builders lessened its holdings in shares of NVIDIA Co. (NASDAQ:NVDA – Free Report) by 0.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,477 shares of the computer hardware maker’s stock after selling 41 shares during the period. NVIDIA accounts for approximately 1.5% of RMR Wealth Builders’ holdings, making the stock its 14th biggest position. RMR Wealth Builders’ holdings in NVIDIA were worth $9,085,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the business. United Bank grew its holdings in NVIDIA by 28.9% in the first quarter. United Bank now owns 7,717 shares of the computer hardware maker’s stock worth $2,106,000 after purchasing an additional 1,730 shares during the period. Mirae Asset Global Investments Co. Ltd. grew 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 worth $1,065,457,000 after acquiring an additional 249,045 shares during the last quarter. MAS Advisors LLC grew 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 worth $545,000 after acquiring an additional 583 shares during the last quarter. Navis Wealth Advisors LLC grew its stake in shares of NVIDIA by 205.3% in the first quarter. Navis Wealth Advisors LLC now owns 2,900 shares of the computer hardware maker’s stock worth $791,000 after acquiring an additional 1,950 shares during the last quarter. Finally, Ergoteles LLC purchased a new stake in shares of NVIDIA in the first quarter worth $929,000. 64.79% of the stock is currently owned by institutional investors.
NVIDIA Stock Up 0.3 %
NVDA opened at $469.45 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.37 and a current ratio of 2.79. NVIDIA Co. has a fifty-two week low of $108.13 and a fifty-two week high of $502.66. The firm’s fifty day moving average is $449.63 and its 200 day moving average is $390.51. The stock has a market cap of $1.16 trillion, a price-to-earnings ratio of 113.39, a price-to-earnings-growth ratio of 3.52 and a beta of 1.76.
NVIDIA Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, September 28th. Shareholders of record on Thursday, September 7th were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.03%. The ex-dividend date was Wednesday, September 6th. NVIDIA’s payout ratio is currently 3.86%.
Insiders Place Their Bets
In other NVIDIA news, CFO Colette Kress sold 4,980 shares of the business’s stock in a transaction on Monday, August 28th. The shares were 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 owns 499,428 shares in the company, valued at approximately $230,106,456.72. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO Jen Hsun Huang sold 29,688 shares of the company’s stock in a transaction on Monday, September 11th. The shares were 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 $3,555,495,686.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Colette Kress sold 4,980 shares of NVIDIA 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 completion of the transaction, the chief financial officer now directly owns 499,428 shares of the company’s stock, valued at $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 worth $67,606,089 in the last 90 days. 3.99% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on NVDA. UBS Group increased their target price on NVIDIA from $540.00 to $560.00 and gave the stock a “buy” rating in a research note on Thursday, August 24th. Piper Sandler increased their price target on shares of NVIDIA from $500.00 to $620.00 and gave the company an “overweight” rating in a report on Thursday, August 24th. Stifel Nicolaus raised NVIDIA from a “hold” rating to a “buy” rating and increased their price objective for the company from $440.00 to $600.00 in a research report on Thursday, August 24th. JPMorgan Chase & Co. increased their price objective on NVIDIA from $500.00 to $600.00 and gave the company an “overweight” rating in a research report on Thursday, August 24th. Finally, Phillip Securities raised NVIDIA from an “accumulate” rating to a “buy” rating in a research report on Monday, August 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-five have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, NVIDIA has a consensus rating of “Moderate Buy” and a consensus target price of $561.45.
Get Our Latest Analysis on NVDA
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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