Cambridge Investment Research Advisors Inc. grew its stake in shares of NVIDIA Co. (NASDAQ:NVDA – Get Rating) by 8.6% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 661,652 shares of the computer hardware maker’s stock after purchasing an additional 52,565 shares during the period. NVIDIA comprises approximately 0.5% of Cambridge Investment Research Advisors Inc.’s portfolio, making the stock its 24th biggest position. Cambridge Investment Research Advisors Inc.’s holdings in NVIDIA were worth $100,300,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Rather & Kittrell Inc. purchased a new position in shares of NVIDIA in the 4th quarter worth approximately $26,000. Emerson Wealth LLC purchased a new position in shares of NVIDIA in the 1st quarter worth approximately $27,000. Roble Belko & Company Inc boosted its stake in shares of NVIDIA by 550.0% in the 1st quarter. Roble Belko & Company Inc now owns 104 shares of the computer hardware maker’s stock worth $28,000 after buying an additional 88 shares during the last quarter. Clear Perspectives Financial Planning LLC purchased a new position in shares of NVIDIA in the 1st quarter worth approximately $28,000. Finally, Claremont Financial Group Inc. purchased a new position in shares of NVIDIA in the 4th quarter worth approximately $29,000. 62.58% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on NVDA shares. Fubon Bank downgraded NVIDIA from a “buy” rating to a “neutral” rating in a research note on Thursday, August 25th. Susquehanna Bancshares dropped their price objective on NVIDIA from $200.00 to $190.00 and set a “positive” rating on the stock in a research note on Wednesday. Susquehanna dropped their price objective on NVIDIA from $200.00 to $190.00 and set a “positive” rating on the stock in a research note on Wednesday. KeyCorp dropped their price objective on NVIDIA from $250.00 to $230.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 12th. Finally, Cowen dropped their price objective on NVIDIA from $350.00 to $265.00 and set an “outperform” rating on the stock in a research note on Thursday, May 26th. One analyst has rated the stock with a sell rating, ten have given a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $214.91.
NVIDIA Stock Up 0.6 %
NVIDIA (NASDAQ:NVDA – Get Rating) last announced its quarterly earnings data on Wednesday, August 24th. The computer hardware maker reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.05). NVIDIA had a net margin of 26.03% and a return on equity of 36.83%. The company had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $6.70 billion. During the same period last year, the business posted $0.89 earnings per share. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. As a group, research analysts expect that NVIDIA Co. will post 2.49 earnings per share for the current fiscal year.
NVIDIA Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 29th. Stockholders of record on Thursday, September 8th will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Wednesday, September 7th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.12%. NVIDIA’s dividend payout ratio (DPR) is currently 5.25%.
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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