Crossmark Global Holdings Inc. raised its position in NVIDIA Co. (NASDAQ:NVDA – Free Report) by 7.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 140,187 shares of the computer hardware maker’s stock after purchasing an additional 9,748 shares during the period. NVIDIA accounts for 1.4% of Crossmark Global Holdings Inc.’s investment portfolio, making the stock its 4th largest holding. Crossmark Global Holdings Inc.’s holdings in NVIDIA were worth $65,537,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. United Bank lifted its stake in NVIDIA by 28.9% during the first quarter. United Bank now owns 7,717 shares of the computer hardware maker’s stock worth $2,106,000 after purchasing an additional 1,730 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in NVIDIA by 6.8% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,904,772 shares of the computer hardware maker’s stock worth $1,065,457,000 after purchasing an additional 249,045 shares in the last quarter. MAS Advisors LLC lifted its position in shares of NVIDIA by 42.1% during the 1st quarter. MAS Advisors LLC now owns 1,967 shares of the computer hardware maker’s stock worth $545,000 after buying an additional 583 shares during the last quarter. Navis Wealth Advisors LLC boosted its holdings in shares of NVIDIA by 205.3% in the 1st quarter. Navis Wealth Advisors LLC now owns 2,900 shares of the computer hardware maker’s stock valued at $791,000 after buying an additional 1,950 shares in the last quarter. Finally, Ergoteles LLC purchased a new position in shares of NVIDIA in the 1st quarter valued at $929,000. 64.79% of the stock is currently owned by institutional investors and hedge funds.
NVIDIA Price Performance
NVIDIA stock opened at $405.00 on Monday. The firm has a market capitalization of $1.00 trillion, a PE ratio of 97.83, a P/E/G ratio of 3.14 and a beta of 1.76. NVIDIA Co. has a 52 week low of $129.56 and a 52 week high of $502.66. The firm’s 50-day simple moving average is $448.04 and its 200 day simple moving average is $404.30. 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 Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 28th. Stockholders of record on Thursday, September 7th were given a $0.04 dividend. The ex-dividend date was Wednesday, September 6th. This represents a $0.16 annualized dividend and a dividend yield of 0.04%. NVIDIA’s dividend payout ratio is currently 3.86%.
Insider Activity at NVIDIA
In related news, 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 value of $13,999,376.40. Following the completion of the transaction, the chief executive officer now owns 7,800,125 shares of the company’s stock, valued at approximately $3,678,148,943.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Jen Hsun Huang sold 29,688 shares of NVIDIA 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 sale, the chief executive officer now directly owns 7,800,125 shares in the company, valued at $3,678,148,943.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Colette Kress sold 4,980 shares of the company’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 directly owns 499,428 shares in the company, valued at approximately $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 over the last quarter. Insiders own 3.99% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts have issued reports on NVDA shares. Argus upped their price objective on shares of NVIDIA from $450.00 to $600.00 and gave the company a “buy” rating in a research note on Thursday, August 24th. Phillip Securities raised NVIDIA from an “accumulate” rating to a “buy” rating in a research report on Monday, August 28th. TD Cowen lifted 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. UBS Group boosted their price objective on NVIDIA from $540.00 to $560.00 and gave the company a “buy” rating in a research note on Thursday, August 24th. Finally, BMO Capital Markets lifted their target price on shares of NVIDIA from $450.00 to $550.00 and gave the company an “outperform” rating in a report on Monday, August 21st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-five have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, NVIDIA presently has a consensus rating of “Moderate Buy” and an average target price of $556.83.
View Our Latest Report on NVDA
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 Stories
- Five stocks we like better than NVIDIA
- Best Aerospace Stocks Investing
- Is domestic travel back on track? Check out these companies
- Canadian Penny Stocks: Can They Make You Rich?
- MarketBeat Week in Review – 10/23 – 10/27
- What is the Australian Securities Exchange (ASX)
- 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.
