Lafayette Investments Inc. trimmed its holdings in NVIDIA Co. (NASDAQ:NVDA – Free Report) by 19.7% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 610 shares of the computer hardware maker’s stock after selling 150 shares during the quarter. Lafayette Investments Inc.’s holdings in NVIDIA were worth $258,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of NVDA. Contravisory Investment Management Inc. purchased a new position in NVIDIA in the first quarter worth about $28,000. Nordwand Advisors LLC purchased a new position in shares of NVIDIA during the 1st quarter valued at about $28,000. Quarry LP purchased a new position in shares of NVIDIA during the 1st quarter valued at about $34,000. Compass Wealth Management LLC purchased a new position in shares of NVIDIA during the 4th quarter valued at about $39,000. Finally, MRP Capital Investments LLC purchased a new position in shares of NVIDIA during the 2nd quarter valued at about $42,000. 64.79% of the stock is currently owned by institutional investors.
Insider Transactions at NVIDIA
In other 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 transaction 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 approximately $3,595,248,438.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Mark A. Stevens sold 21,500 shares of the stock in a transaction on Monday, August 28th. The stock was sold at an average price of $468.08, for a total transaction of $10,063,720.00. Following the transaction, the director now owns 1,030,786 shares of the company’s stock, valued at approximately $482,490,310.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jen Hsun Huang sold 29,688 shares of the firm’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $454.01, for a total value of $13,478,648.88. Following the sale, the chief executive officer now directly owns 7,918,875 shares in the company, valued at approximately $3,595,248,438.75. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 145,232 shares of company stock valued at $67,606,089. 3.99% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
Read Our Latest Research Report on NVIDIA
NVIDIA Stock Performance
NVDA stock opened at $454.61 on Monday. The company has a quick ratio of 2.37, a current ratio of 2.79 and a debt-to-equity ratio of 0.31. The business’s fifty day simple moving average is $449.79 and its two-hundred day simple moving average is $393.58. NVIDIA Co. has a twelve month low of $112.04 and a twelve month high of $502.66. The firm has a market cap of $1.12 trillion, a price-to-earnings ratio of 109.81, a PEG ratio of 3.52 and a beta of 1.76.
NVIDIA (NASDAQ:NVDA – Get Free Report) last released its earnings results on Wednesday, August 23rd. The computer hardware maker reported $2.70 earnings per share for the quarter, topping analysts’ consensus estimates of $2.08 by $0.62. NVIDIA had a return on equity of 45.50% and a net margin of 31.59%. The business had revenue of $13.51 billion for the quarter, compared to analyst estimates of $11.19 billion. During the same quarter last year, the firm posted $0.32 earnings per share. The business’s revenue was up 101.5% compared to the same quarter last year. Analysts predict that NVIDIA Co. will post 9.54 earnings per share for the current year.
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 given 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 payout ratio is 3.86%.
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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