Wealth Advisors of Iowa LLC lessened its position in shares of NVIDIA Co. (NASDAQ:NVDA – Free Report) by 33.1% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 940 shares of the computer hardware maker’s stock after selling 465 shares during the quarter. Wealth Advisors of Iowa LLC’s holdings in NVIDIA were worth $398,000 as of its most recent SEC filing.
A number of other hedge funds have 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 1st quarter valued at approximately $28,000. Nordwand Advisors LLC purchased a new stake in shares of NVIDIA in the first quarter valued at approximately $28,000. Quarry LP purchased a new stake in shares of NVIDIA in the first quarter valued at approximately $34,000. Compass Wealth Management LLC purchased a new stake in shares of NVIDIA in the fourth quarter valued at approximately $39,000. Finally, MRP Capital Investments LLC purchased a new stake in shares of NVIDIA in the second quarter valued at approximately $42,000. Hedge funds and other institutional investors own 64.79% of the company’s stock.
NVIDIA Price Performance
NVDA stock opened at $454.61 on Monday. The stock has a 50-day moving average price of $449.79 and a two-hundred day moving average price of $393.58. 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. The company has a market cap of $1.12 trillion, a PE ratio of 109.81, a price-to-earnings-growth ratio of 3.52 and a beta of 1.76.
NVIDIA Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, September 28th. Stockholders of record on Thursday, September 7th were given a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.04%. The ex-dividend date was Wednesday, September 6th. NVIDIA’s payout ratio is 3.86%.
Insider Transactions at NVIDIA
In other news, Director Mark A. Stevens sold 21,500 shares of the company’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 owns 1,030,786 shares of the company’s stock, valued at $482,490,310.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Mark A. Stevens sold 21,500 shares of the company’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 owns 1,030,786 shares of the company’s stock, valued at $482,490,310.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Colette Kress sold 4,980 shares of the business’s 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 completion of the transaction, the chief financial officer now owns 499,428 shares in the company, valued at approximately $230,106,456.72. The disclosure for this sale can be found here. Insiders sold 145,232 shares of company stock valued at $67,606,089 over the last quarter. Company insiders own 3.99% of the company’s stock.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on the company. Tigress Financial lifted their price target on NVIDIA from $320.00 to $560.00 in a research note on Friday, July 7th. UBS Group lifted their price target on NVIDIA from $540.00 to $560.00 and gave the company 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 note on Thursday, August 24th. Morgan Stanley lifted their price objective on NVIDIA from $500.00 to $630.00 and gave the stock an “overweight” rating in a report on Thursday, August 24th. Finally, Wedbush lifted their price objective on NVIDIA from $490.00 to $600.00 and gave the stock an “outperform” rating in a report on Thursday, August 24th. One research analyst has rated the stock with a sell rating, two have given a hold rating, thirty-five have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, NVIDIA has an average rating of “Moderate Buy” and an average target price of $561.45.
View Our Latest Stock Report on NVIDIA
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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