BerganKDV Wealth Management LLC lessened its position in NVIDIA Co. (NASDAQ:NVDA – Free Report) by 28.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 764 shares of the computer hardware maker’s stock after selling 311 shares during the period. BerganKDV Wealth Management LLC’s holdings in NVIDIA were worth $323,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. WT Asset Management Ltd acquired a new stake in shares of NVIDIA in the second quarter worth approximately $90,949,000. Hexagon Capital Partners LLC boosted its position in shares of NVIDIA by 1.0% in the second quarter. Hexagon Capital Partners LLC now owns 5,748 shares of the computer hardware maker’s stock worth $2,432,000 after acquiring an additional 58 shares during the last quarter. Source Financial Advisors LLC boosted its position in shares of NVIDIA by 9.0% in the second quarter. Source Financial Advisors LLC now owns 1,510 shares of the computer hardware maker’s stock worth $639,000 after acquiring an additional 125 shares during the last quarter. Alliance Wealth Advisors LLC acquired a new stake in shares of NVIDIA in the second quarter worth approximately $288,000. Finally, MCF Advisors LLC boosted its position in shares of NVIDIA by 23.7% in the second quarter. MCF Advisors LLC now owns 5,763 shares of the computer hardware maker’s stock worth $2,438,000 after acquiring an additional 1,106 shares during the last quarter. Institutional investors and hedge funds own 64.79% of the company’s stock.
Insider Activity at NVIDIA
In related news, CFO Colette Kress sold 4,980 shares of NVIDIA stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $460.74, for a total transaction of $2,294,485.20. Following the sale, the chief financial officer now directly owns 499,428 shares in the company, valued at $230,106,456.72. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CFO Colette Kress sold 4,980 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $460.74, for a total transaction 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jen Hsun Huang sold 29,688 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $471.55, for a total transaction of $13,999,376.40. Following the transaction, the chief executive officer now owns 7,800,125 shares in the company, valued at approximately $3,678,148,943.75. The disclosure for this sale can be found here. Insiders have sold a total of 145,232 shares of company stock worth $67,606,089 over the last ninety days. 3.99% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
Check Out Our Latest Stock Report on NVDA
NVIDIA Stock Down 3.2 %
NVIDIA stock opened at $454.61 on Monday. The company has a 50-day simple moving average of $449.79 and a 200-day simple moving average of $393.58. The firm 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 company has a debt-to-equity ratio of 0.31, a quick ratio of 2.37 and a current ratio of 2.79. NVIDIA Co. has a one year low of $112.04 and a one year high of $502.66.
NVIDIA (NASDAQ:NVDA – Get Free Report) last released its quarterly earnings results on Wednesday, August 23rd. The computer hardware maker reported $2.70 EPS for the quarter, topping the consensus estimate of $2.08 by $0.62. The business had revenue of $13.51 billion during the quarter, compared to analyst estimates of $11.19 billion. NVIDIA had a net margin of 31.59% and a return on equity of 45.50%. The company’s quarterly revenue was up 101.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.32 earnings per share. As a group, equities analysts expect that NVIDIA Co. will post 9.54 earnings per share for the current year.
NVIDIA Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 28th. Investors of record on Thursday, September 7th were paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.04%. The ex-dividend date of this dividend was Wednesday, September 6th. NVIDIA’s dividend payout ratio is currently 3.86%.
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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