Charles Schwab Trust Co boosted its stake in NVIDIA Co. (NASDAQ:NVDA – Free Report) by 0.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,297 shares of the computer hardware maker’s stock after buying an additional 65 shares during the quarter. Charles Schwab Trust Co’s holdings in NVIDIA were worth $3,517,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. BCM Advisors LLC boosted its stake in NVIDIA by 0.8% in the 2nd quarter. BCM Advisors LLC now owns 3,023 shares of the computer hardware maker’s stock worth $1,390,000 after purchasing an additional 23 shares during the period. Von Berge Wealth Management Group LLC lifted its position in 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 worth $393,000 after buying an additional 24 shares during the last quarter. Hutchens & Kramer Investment Management Group LLC lifted its position in 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 worth $360,000 after buying an additional 26 shares during the last quarter. Hoxton Planning & Management LLC lifted 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 worth $2,602,000 after buying an additional 26 shares during the last quarter. Finally, IVC Wealth Advisors LLC increased its stake 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 worth $1,535,000 after purchasing an additional 27 shares during the period. 64.79% of the stock is owned by hedge funds and other institutional investors.
NVIDIA Stock Performance
NASDAQ:NVDA opened at $454.61 on Friday. The stock has a market capitalization of $1.12 trillion, a P/E ratio of 109.81, a P/E/G ratio of 3.52 and a beta of 1.76. The stock has a 50-day moving average price of $449.79 and a 200 day moving average price of $391.82. NVIDIA Co. has a 12-month low of $112.04 and a 12-month high of $502.66. The company has a current ratio of 2.79, a quick ratio of 2.37 and a debt-to-equity ratio of 0.31.
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 paid 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 0.04%. NVIDIA’s dividend payout ratio is currently 3.86%.
Insider Activity
In other NVIDIA news, 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 transaction, the chief financial officer now owns 499,428 shares in the company, valued at $230,106,456.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other NVIDIA news, 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 transaction, the chief financial officer now owns 499,428 shares in the company, valued at $230,106,456.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark A. Stevens sold 21,500 shares of the firm’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $468.08, for a total value of $10,063,720.00. Following the completion of the sale, the director now directly owns 1,030,786 shares of the company’s stock, valued at approximately $482,490,310.88. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 145,232 shares of company stock worth $67,606,089. Company insiders own 3.99% of the company’s stock.
Analyst Upgrades and Downgrades
A number of brokerages have commented on NVDA. UBS Group lifted their price target on NVIDIA from $540.00 to $560.00 and gave the stock a “buy” rating in a research note on Thursday, August 24th. BNP Paribas upgraded NVIDIA from a “neutral” rating to an “outperform” rating and set a $745.00 price target on the stock in a research report on Thursday, August 24th. Jefferies Financial Group lifted their price target on NVIDIA from $500.00 to $610.00 and gave the company a “buy” rating in a research report on Thursday, August 24th. Susquehanna boosted their target price on NVIDIA from $575.00 to $600.00 and gave the stock a “positive” rating in a report on Thursday, August 24th. Finally, Argus upped their price target on NVIDIA from $450.00 to $600.00 and gave the company a “buy” rating in a report on Thursday, August 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-five have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $561.45.
Read Our Latest Stock Report on NVDA
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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