NVIDIA Co. (NASDAQ:NVDA) Shares Acquired by Capital Group International Inc. CA

Capital Group International Inc. CA lifted its stake in shares of NVIDIA Co. (NASDAQ:NVDAGet Rating) by 23.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 47,058 shares of the computer hardware maker’s stock after purchasing an additional 8,956 shares during the quarter. Capital Group International Inc. CA’s holdings in NVIDIA were worth $12,840,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Capital International Investors grew its stake in shares of NVIDIA by 41.8% during the 1st quarter. Capital International Investors now owns 3,006,421 shares of the computer hardware maker’s stock worth $820,332,000 after purchasing an additional 886,969 shares during the period. Strategic Wealth Partners Ltd. grew its stake in shares of NVIDIA by 30.3% during the 1st quarter. Strategic Wealth Partners Ltd. now owns 10,710 shares of the computer hardware maker’s stock worth $2,922,000 after purchasing an additional 2,492 shares during the period. Connors Investor Services Inc. boosted its position in shares of NVIDIA by 12.1% in the 1st quarter. Connors Investor Services Inc. now owns 21,928 shares of the computer hardware maker’s stock worth $5,983,000 after buying an additional 2,374 shares in the last quarter. O Brien Greene & Co. Inc boosted its position in shares of NVIDIA by 13.9% in the 1st quarter. O Brien Greene & Co. Inc now owns 866 shares of the computer hardware maker’s stock worth $236,000 after buying an additional 106 shares in the last quarter. Finally, Golden State Equity Partners boosted its position in shares of NVIDIA by 69.6% in the 1st quarter. Golden State Equity Partners now owns 3,035 shares of the computer hardware maker’s stock worth $828,000 after buying an additional 1,246 shares in the last quarter. 62.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on NVDA. Bank of America decreased their price objective on shares of NVIDIA from $270.00 to $220.00 and set a “buy” rating on the stock in a research report on Wednesday, June 29th. Truist Financial decreased their price objective on shares of NVIDIA from $216.00 to $198.00 and set a “buy” rating on the stock in a research report on Thursday, August 25th. Benchmark decreased their price objective on shares of NVIDIA from $228.00 to $215.00 and set a “buy” rating on the stock in a research report on Thursday, August 25th. Stifel Nicolaus assumed coverage on shares of NVIDIA in a report on Wednesday, September 7th. They issued a “hold” rating and a $165.00 target price on the stock. Finally, Atlantic Securities reduced their target price on shares of NVIDIA to $205.00 in a report on Thursday, May 26th. One analyst has rated the stock with a sell rating, ten have given a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $217.26.

NVIDIA Stock Performance

NVIDIA stock opened at $131.28 on Thursday. The stock has a market cap of $326.89 billion, a P/E ratio of 43.04, a price-to-earnings-growth ratio of 4.73 and a beta of 1.69. The company has a current ratio of 3.62, a quick ratio of 3.11 and a debt-to-equity ratio of 0.41. The stock has a 50 day moving average of $166.02 and a 200-day moving average of $190.39. NVIDIA Co. has a 52 week low of $129.13 and a 52 week high of $346.47.

NVIDIA (NASDAQ:NVDAGet Rating) last released its earnings results on Wednesday, August 24th. The computer hardware maker reported $0.51 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.05). The business had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $6.70 billion. NVIDIA had a net margin of 26.03% and a return on equity of 36.83%. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.89 earnings per share. On average, analysts expect that NVIDIA Co. will post 2.48 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 29th. Investors of record on Thursday, September 8th will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.12%. The ex-dividend date is Wednesday, September 7th. NVIDIA’s dividend payout ratio (DPR) is presently 5.25%.

About NVIDIA

(Get Rating)

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

Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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.