Deroy & Devereaux Private Investment Counsel Inc. purchased a new stake in shares of NVIDIA Co. (NASDAQ:NVDA – Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,100 shares of the computer hardware maker’s stock, valued at approximately $465,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Von Berge Wealth Management Group LLC increased its holdings in shares of NVIDIA by 2.6% in the second quarter. Von Berge Wealth Management Group LLC now owns 930 shares of the computer hardware maker’s stock worth $393,000 after purchasing an additional 24 shares during the last quarter. David J Yvars Group increased its stake in NVIDIA by 1.5% during the first quarter. David J Yvars Group now owns 11,708 shares of the computer hardware maker’s stock worth $3,252,000 after acquiring an additional 168 shares during the last quarter. Telos Capital Management Inc. increased its stake in NVIDIA by 48.1% during the first quarter. Telos Capital Management Inc. now owns 4,560 shares of the computer hardware maker’s stock worth $1,267,000 after acquiring an additional 1,482 shares during the last quarter. Alta Wealth Advisors LLC increased its stake in NVIDIA by 14.9% during the first quarter. Alta Wealth Advisors LLC now owns 6,650 shares of the computer hardware maker’s stock worth $1,847,000 after acquiring an additional 863 shares during the last quarter. Finally, DBK Financial Counsel LLC bought a new stake in NVIDIA during the second quarter worth approximately $265,000. 64.79% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several brokerages have weighed in on NVDA. Rosenblatt Securities reissued a “buy” rating on shares of NVIDIA in a research note on Wednesday, September 20th. Evercore ISI boosted their price objective on NVIDIA to $600.00 in a research note on Thursday, August 24th. Piper Sandler boosted their price objective on NVIDIA from $500.00 to $620.00 and gave the stock an “overweight” rating in a research note on Thursday, August 24th. Phillip Securities upgraded NVIDIA from an “accumulate” rating to a “buy” rating in a research report on Monday, August 28th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on NVIDIA from $440.00 to $560.00 and gave the company a “hold” rating in a research report on Thursday, August 24th. One research 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $556.83.
Insider Transactions at NVIDIA
In related news, 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 transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, 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 transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Colette Kress sold 4,980 shares of the firm’s 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 completion of the transaction, the chief financial officer now directly owns 499,428 shares in the company, valued at $230,106,456.72. The disclosure for this sale can be found here. Insiders have sold a total of 145,232 shares of company stock valued at $67,606,089 in the last ninety days. 3.99% of the stock is currently owned by corporate insiders.
NVIDIA Trading Up 0.4 %
NVDA stock opened at $405.00 on Friday. The company’s 50-day simple moving average is $448.04 and its 200-day simple moving average is $403.32. The company has a quick ratio of 2.37, a current ratio of 2.79 and a debt-to-equity ratio of 0.31. NVIDIA Co. has a 52-week low of $129.56 and a 52-week high of $502.66. The firm has a market cap of $1.00 trillion, a P/E ratio of 97.83, a PEG ratio of 3.13 and a beta of 1.76.
NVIDIA (NASDAQ:NVDA – Get Free Report) last posted its earnings results on Wednesday, August 23rd. The computer hardware maker reported $2.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.08 by $0.62. NVIDIA had a net margin of 31.59% and a return on equity of 45.50%. The business had revenue of $13.51 billion for the quarter, compared to analyst estimates of $11.19 billion. During the same period in the prior year, the company posted $0.32 EPS. The company’s revenue for the quarter was up 101.5% on a year-over-year basis. As a group, equities analysts forecast that NVIDIA Co. will post 9.54 EPS for the current fiscal year.
NVIDIA Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, September 28th. Stockholders of record on Thursday, September 7th were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.04%. The ex-dividend date of this dividend was Wednesday, September 6th. NVIDIA’s payout ratio is currently 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.
Featured Articles
- Five stocks we like better than NVIDIA
- Stock Market Holidays 2022-2025 – Here’s When the NYSE and NASDAQ Will be Closed
- Is domestic travel back on track? Check out these companies
- How to Invest in EV Charging Stations
- MarketBeat Week in Review – 10/23 – 10/27
- Special Purpose Acquisition Company (SPAC) What You Need to Know
- Can casino stocks win big if economy slows?
Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Co. (NASDAQ:NVDA – Free Report).
Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.com's FREE daily email newsletter.
