Boston Trust Walden Corp lowered its stake in shares of NVIDIA Co. (NASDAQ:NVDA – Free Report) by 23.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 803 shares of the computer hardware maker’s stock after selling 242 shares during the quarter. Boston Trust Walden Corp’s holdings in NVIDIA were worth $340,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in NVDA. Contravisory Investment Management Inc. acquired a new position in NVIDIA during the first quarter valued at approximately $28,000. Nordwand Advisors LLC bought a new position in NVIDIA in the first quarter valued at about $28,000. Quarry LP bought a new position in NVIDIA in the first quarter valued at about $34,000. Compass Wealth Management LLC bought a new position in NVIDIA in the fourth quarter valued at about $39,000. Finally, MRP Capital Investments LLC bought a new position in NVIDIA in the second quarter valued at about $42,000. Institutional investors and hedge funds own 64.79% of the company’s stock.
NVIDIA Stock Performance
Shares of NVDA opened at $454.61 on Monday. The firm has a market cap of $1.12 trillion, a PE ratio of 109.81, a PEG ratio of 3.52 and a beta of 1.76. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.79 and a quick ratio of 2.37. The stock’s fifty day moving average price is $449.79 and its two-hundred day moving average price is $393.58. NVIDIA Co. has a 1 year low of $112.04 and a 1 year high of $502.66.
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 $0.04 dividend. 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 payout ratio is currently 3.86%.
Wall Street Analyst Weigh In
NVDA has been the topic of a number of recent analyst reports. BNP Paribas upgraded NVIDIA from a “neutral” rating to an “outperform” rating and set a $745.00 target price on the stock in a research report on Thursday, August 24th. Barclays increased their target price on NVIDIA from $600.00 to $650.00 and gave the company an “overweight” rating in a research report on Thursday, August 24th. Robert W. Baird upped their price target on shares of NVIDIA from $570.00 to $750.00 and gave the company an “outperform” rating in a research report on Thursday, August 24th. JPMorgan Chase & Co. boosted their price target on shares of NVIDIA from $500.00 to $600.00 and gave the stock an “overweight” rating in a research report on Thursday, August 24th. Finally, Evercore ISI lifted their price objective on NVIDIA to $600.00 in a research report on Thursday, August 24th. One analyst has rated the stock with a sell rating, two have given a hold rating, thirty-five have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $561.45.
Read Our Latest Stock Analysis on NVDA
Insider Transactions at NVIDIA
In other news, CEO Jen Hsun Huang sold 29,688 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $3,595,248,438.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related 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 value of $13,478,648.88. Following the transaction, the chief executive officer now owns 7,918,875 shares of the company’s stock, valued at $3,595,248,438.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Colette Kress sold 4,980 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer now directly owns 499,428 shares of the company’s stock, valued at approximately $230,106,456.72. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 145,232 shares of company stock valued at $67,606,089. 3.99% of the stock is currently owned by company insiders.
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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