Americana Partners LLC reduced its holdings in shares of NVIDIA Co. (NASDAQ:NVDA – Free Report) by 16.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,938 shares of the computer hardware maker’s stock after selling 1,998 shares during the period. Americana Partners LLC’s holdings in NVIDIA were worth $4,204,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds also recently added to or reduced their stakes in the business. United Bank increased its holdings in shares of NVIDIA by 28.9% in the first quarter. United Bank now owns 7,717 shares of the computer hardware maker’s stock valued at $2,106,000 after purchasing an additional 1,730 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of NVIDIA by 6.8% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,904,772 shares of the computer hardware maker’s stock valued at $1,065,457,000 after purchasing an additional 249,045 shares during the period. MAS Advisors LLC grew its holdings in NVIDIA by 42.1% during the first quarter. MAS Advisors LLC now owns 1,967 shares of the computer hardware maker’s stock worth $545,000 after acquiring an additional 583 shares during the period. Navis Wealth Advisors LLC grew its holdings in NVIDIA by 205.3% during the first quarter. Navis Wealth Advisors LLC now owns 2,900 shares of the computer hardware maker’s stock worth $791,000 after acquiring an additional 1,950 shares during the period. Finally, Ergoteles LLC acquired a new stake in NVIDIA during the first quarter worth about $929,000. 64.79% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other NVIDIA news, CFO Colette Kress sold 4,980 shares of NVIDIA stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $460.74, for a total transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 value of $13,478,648.88. Following the completion of the sale, the chief executive officer now directly owns 7,918,875 shares of the company’s stock, valued at approximately $3,595,248,438.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 completion of the sale, the chief financial officer now directly owns 499,428 shares of the company’s stock, valued at $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 in the last ninety days. Insiders own 3.99% of the company’s stock.
NVIDIA Trading Up 0.4 %
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 (EPS) for the quarter, beating analysts’ consensus estimates of $2.08 by $0.62. The firm had revenue of $13.51 billion during the quarter, compared to analyst estimates of $11.19 billion. NVIDIA had a return on equity of 45.50% and a net margin of 31.59%. NVIDIA’s revenue was up 101.5% compared to the same quarter last year. During the same period last year, the business posted $0.32 earnings per share. Sell-side analysts anticipate that NVIDIA Co. will post 9.54 earnings per share for the current fiscal year.
NVIDIA Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 28th. Shareholders of record on Thursday, September 7th were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.04%. The ex-dividend date of this dividend was Wednesday, September 6th. NVIDIA’s dividend payout ratio (DPR) is 3.86%.
Wall Street Analyst Weigh In
Several research firms recently commented on NVDA. UBS Group raised their target price on NVIDIA from $540.00 to $560.00 and gave the stock a “buy” rating in a report on Thursday, August 24th. HSBC increased their price target on NVIDIA from $600.00 to $780.00 and gave the stock a “buy” rating in a research report on Monday, August 21st. TD Cowen increased their price target on NVIDIA from $600.00 to $700.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 11th. Mizuho increased their price target on NVIDIA from $530.00 to $590.00 and gave the stock a “buy” rating in a research report on Thursday, August 24th. Finally, KeyCorp lowered their price target on NVIDIA from $750.00 to $650.00 and set an “overweight” rating on the stock in a research report on Friday, October 20th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-five have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, NVIDIA presently has a consensus rating of “Moderate Buy” and a consensus price target of $556.83.
Get Our Latest Research Report on NVIDIA
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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