Diligent Investors LLC trimmed its position in shares of NVIDIA Co. (NASDAQ:NVDA – Free Report) by 31.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,561 shares of the computer hardware maker’s stock after selling 1,178 shares during the period. Diligent Investors LLC’s holdings in NVIDIA were worth $1,083,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently bought and sold shares of NVDA. Barton Investment Management acquired a new stake in NVIDIA in the second quarter valued at approximately $212,000. Charles Schwab Trust Co raised its holdings in shares of NVIDIA by 0.7% during the 2nd quarter. Charles Schwab Trust Co now owns 9,297 shares of the computer hardware maker’s stock valued at $3,517,000 after purchasing an additional 65 shares in the last quarter. Values Added Financial LLC acquired a new stake in shares of NVIDIA in the 2nd quarter valued at $217,000. Achmea Investment Management B.V. boosted its holdings in NVIDIA by 47.8% in the second quarter. Achmea Investment Management B.V. now owns 209,531 shares of the computer hardware maker’s stock worth $88,636,000 after purchasing an additional 67,743 shares in the last quarter. Finally, Arkfeld Wealth Strategies L.L.C. increased its position in NVIDIA by 5.7% during the second quarter. Arkfeld Wealth Strategies L.L.C. now owns 1,153 shares of the computer hardware maker’s stock worth $506,000 after buying an additional 62 shares during the last quarter. Hedge funds and other institutional investors own 64.79% of the company’s stock.
Insider Buying and Selling at NVIDIA
In other news, CEO Jen Hsun Huang sold 29,688 shares of the business’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $471.55, for a total transaction of $13,999,376.40. Following the completion of the sale, the chief executive officer now owns 7,800,125 shares in the company, valued at $3,678,148,943.75. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other NVIDIA news, CEO Jen Hsun Huang sold 29,688 shares of the business’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $471.55, for a total transaction of $13,999,376.40. Following the completion of the sale, the chief executive officer now directly owns 7,800,125 shares of the company’s stock, valued at approximately $3,678,148,943.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 shares were sold at an average price of $468.08, for a total transaction of $10,063,720.00. Following the completion of the transaction, the director now directly owns 1,030,786 shares in the company, valued at approximately $482,490,310.88. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 145,232 shares of company stock worth $67,606,089. Insiders own 3.99% of the company’s stock.
NVIDIA Price Performance
NVIDIA (NASDAQ:NVDA – Get Free Report) last issued its quarterly earnings data on Wednesday, August 23rd. The computer hardware maker reported $2.70 EPS for the quarter, topping analysts’ consensus estimates of $2.08 by $0.62. NVIDIA had a net margin of 31.59% and a return on equity of 45.50%. The firm had revenue of $13.51 billion for the quarter, compared to analyst estimates of $11.19 billion. During the same quarter in the prior year, the firm earned $0.32 EPS. The company’s revenue was up 101.5% on a year-over-year basis. Equities research analysts expect that NVIDIA Co. will post 9.54 EPS for the current fiscal year.
NVIDIA Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 28th. Shareholders of record on Thursday, September 7th were issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.04%. The ex-dividend date of this dividend was Wednesday, September 6th. NVIDIA’s dividend payout ratio is 3.86%.
Analysts Set New Price Targets
A number of brokerages have recently commented on NVDA. Jefferies Financial Group increased their price objective on NVIDIA from $500.00 to $610.00 and gave the company a “buy” rating in a report on Thursday, August 24th. Citigroup increased their price target on NVIDIA from $520.00 to $630.00 and gave the company a “buy” rating in a report on Thursday, August 24th. Tigress Financial upped their price objective on shares of NVIDIA from $320.00 to $560.00 in a report on Friday, July 7th. Wells Fargo & Company raised their target price on shares of NVIDIA from $500.00 to $600.00 and gave the company an “overweight” rating in a research note on Thursday, August 24th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of NVIDIA from $440.00 to $560.00 and gave the company a “hold” rating in a 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 assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $561.45.
Read Our Latest Analysis 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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