Boston Trust Walden Corp trimmed its holdings in shares of NVIDIA Co. (NASDAQ:NVDA – Free Report) by 23.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm 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 as of its most recent filing with the SEC.
Other hedge funds have also bought and sold shares of the company. Bank Julius Baer & Co. Ltd Zurich grew its position in NVIDIA by 84,165.9% during the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,389,779,605 shares of the computer hardware maker’s stock worth $587,904,569,000 after buying an additional 1,388,130,327 shares in the last quarter. Norges Bank bought a new stake in NVIDIA during the fourth quarter worth about $3,900,874,000. Moneta Group Investment Advisors LLC lifted its position in NVIDIA by 160,446.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 19,586,643 shares of the computer hardware maker’s stock worth $2,862,392,000 after purchasing an additional 19,574,443 shares during the period. GQG Partners LLC bought a new stake in NVIDIA during the first quarter worth about $2,290,856,000. Finally, Morgan Stanley lifted its position in NVIDIA by 20.2% during the fourth quarter. Morgan Stanley now owns 27,533,756 shares of the computer hardware maker’s stock worth $4,023,783,000 after purchasing an additional 4,621,002 shares during the period. 64.79% of the stock is owned by institutional investors.
Analyst Ratings Changes
NVDA has been the subject of several research analyst reports. Truist Financial boosted their price objective on shares of NVIDIA from $545.00 to $668.00 and gave the company a “buy” rating in a research report on Thursday, August 24th. Morgan Stanley boosted their price objective on shares of NVIDIA from $500.00 to $630.00 and gave the company an “overweight” rating in a research report on Thursday, August 24th. Piper Sandler lifted their target price on NVIDIA from $500.00 to $620.00 and gave the company an “overweight” rating in a research report on Thursday, August 24th. Tigress Financial lifted their target price on NVIDIA from $320.00 to $560.00 in a research report on Friday, July 7th. Finally, Wolfe Research lifted their target price on NVIDIA from $570.00 to $630.00 and gave the company an “outperform” rating in a research report on Thursday, August 24th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-five have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $561.45.
NVIDIA Price Performance
NVDA stock opened at $454.61 on Monday. The company has a market capitalization of $1.12 trillion, a P/E ratio of 109.81, a price-to-earnings-growth 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 52-week low of $112.04 and a 52-week high of $502.66. The business has a 50-day simple moving average of $449.79 and a two-hundred day simple moving average of $393.58.
NVIDIA (NASDAQ:NVDA – Get Free Report) last issued its quarterly earnings data on Wednesday, August 23rd. The computer hardware maker reported $2.70 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.62. The business had revenue of $13.51 billion for the quarter, compared to analysts’ expectations of $11.19 billion. NVIDIA had a return on equity of 45.50% and a net margin of 31.59%. The business’s revenue was up 101.5% on a year-over-year basis. During the same period last year, the business earned $0.32 EPS. Research analysts expect that NVIDIA Co. will post 9.54 EPS for the current fiscal year.
NVIDIA Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 28th. Shareholders of record on Thursday, September 7th were paid a $0.04 dividend. The ex-dividend date was Wednesday, September 6th. This represents a $0.16 annualized dividend and a yield of 0.04%. NVIDIA’s dividend payout ratio (DPR) is 3.86%.
Insider Buying and Selling at NVIDIA
In other NVIDIA news, CEO Jen Hsun Huang sold 29,688 shares of the company’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $471.55, for a total value of $13,999,376.40. Following the completion of the transaction, the chief executive officer now owns 7,800,125 shares in the company, valued at approximately $3,678,148,943.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other NVIDIA news, CFO Colette Kress sold 4,980 shares of the business’s stock in a transaction dated Monday, August 28th. The shares were 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 directly owns 499,428 shares in the company, valued at $230,106,456.72. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jen Hsun Huang sold 29,688 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 7,800,125 shares in the company, valued at $3,678,148,943.75. The disclosure for this sale can be found here. In the last 90 days, insiders sold 145,232 shares of company stock worth $67,606,089. Insiders own 3.99% of the company’s stock.
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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