Wealth Enhancement Advisory Services LLC lessened its holdings in NVIDIA Co. (NASDAQ:NVDA – Free Report) by 37.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,179 shares of the computer hardware maker’s stock after selling 7,289 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in NVIDIA were worth $5,152,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently added to or reduced their stakes in the company. Contravisory Investment Management Inc. purchased a new position in shares of NVIDIA in the first quarter valued at about $28,000. Nordwand Advisors LLC purchased a new position in shares of NVIDIA in the first quarter valued at about $28,000. Quarry LP purchased a new position in shares of NVIDIA in the first quarter valued at about $34,000. Chelsea Counsel Co. purchased a new position in shares of NVIDIA in the fourth quarter valued at about $37,000. Finally, Compass Wealth Management LLC purchased a new position in shares of NVIDIA in the fourth quarter valued at about $39,000. Hedge funds and other institutional investors own 64.79% of the company’s stock.
Insider Activity
In other news, CEO Jen Hsun Huang sold 29,688 shares of the stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $454.01, for a total transaction of $13,478,648.88. Following the transaction, the chief executive officer now directly owns 7,918,875 shares of the company’s stock, valued at approximately $3,595,248,438.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO Colette Kress sold 4,980 shares of the stock in a transaction that occurred 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 transaction, 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jen Hsun Huang sold 29,688 shares of the stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $454.01, for a total transaction of $13,478,648.88. Following the completion of the transaction, the chief executive officer now owns 7,918,875 shares in the company, valued at approximately $3,595,248,438.75. The disclosure for this sale can be found here. Insiders have sold 145,232 shares of company stock valued at $67,606,089 in the last ninety days. 3.99% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Check Out Our Latest Research Report on NVIDIA
NVIDIA Price Performance
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. The stock has a market capitalization of $1.16 trillion, a P/E ratio of 113.39, a P/E/G ratio of 3.52 and a beta of 1.76. The company’s 50-day simple moving average is $449.63 and its two-hundred day simple moving average is $390.51. NVIDIA Co. has a 52-week low of $108.13 and a 52-week high of $502.66.
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 business had revenue of $13.51 billion for 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 for the quarter was up 101.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.32 EPS. As a group, analysts predict that NVIDIA Co. will post 9.54 EPS for the current year.
NVIDIA Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, September 28th. Stockholders of record on Thursday, September 7th were issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Wednesday, September 6th. This represents a $0.16 annualized dividend and a dividend yield of 0.03%. NVIDIA’s payout ratio is 3.86%.
NVIDIA 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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