Hilton Capital Management LLC Boosts Stake in NVIDIA Co. (NASDAQ:NVDA)

Hilton Capital Management LLC increased its position in NVIDIA Co. (NASDAQ:NVDA) by 2.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 17,514 shares of the computer hardware maker’s stock after purchasing an additional 438 shares during the quarter. Hilton Capital Management LLC’s holdings in NVIDIA were worth $7,409,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Lineweaver Wealth Advisors LLC raised its position in NVIDIA by 0.9% in the 2nd quarter. Lineweaver Wealth Advisors LLC now owns 2,432 shares of the computer hardware maker’s stock worth $1,029,000 after buying an additional 22 shares during the last quarter. BCM Advisors LLC lifted its position in NVIDIA by 0.8% during the second quarter. BCM Advisors LLC now owns 3,023 shares of the computer hardware maker’s stock valued at $1,390,000 after purchasing an additional 23 shares during the period. Von Berge Wealth Management Group LLC lifted its position in NVIDIA by 2.6% during the second quarter. Von Berge Wealth Management Group LLC now owns 930 shares of the computer hardware maker’s stock valued at $393,000 after purchasing an additional 24 shares during the period. Noesis Capital Mangement Corp boosted its holdings in NVIDIA by 1.8% in the second quarter. Noesis Capital Mangement Corp now owns 1,412 shares of the computer hardware maker’s stock worth $597,000 after purchasing an additional 25 shares during the last quarter. Finally, Hutchens & Kramer Investment Management Group LLC grew its position in NVIDIA by 3.1% in the 2nd quarter. Hutchens & Kramer Investment Management Group LLC now owns 852 shares of the computer hardware maker’s stock worth $360,000 after purchasing an additional 26 shares during the period. 64.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. TD Cowen raised their price target on NVIDIA from $600.00 to $700.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 11th. Rosenblatt Securities reissued a “buy” rating on shares of NVIDIA in a research report on Wednesday, September 20th. Craig Hallum boosted their price target on NVIDIA from $500.00 to $700.00 and gave the company a “buy” rating in a research note on Thursday, August 24th. Tigress Financial increased their price objective on shares of NVIDIA from $320.00 to $560.00 in a research note on Friday, July 7th. Finally, Evercore ISI boosted their target price on shares of NVIDIA to $600.00 in a research report on Thursday, August 24th. 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 stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $556.83.

NVIDIA Stock Up 0.4 %

Shares of NASDAQ:NVDA opened at $405.00 on Monday. The company has a 50-day moving average price of $448.04 and a 200 day moving average price of $404.30. The company has a current ratio of 2.79, a quick ratio of 2.37 and a debt-to-equity ratio of 0.31. NVIDIA Co. has a 12 month low of $129.56 and a 12 month high of $502.66. The company has a market cap of $1.00 trillion, a price-to-earnings ratio of 97.83, a PEG ratio of 3.14 and a beta of 1.76.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Wednesday, August 23rd. The computer hardware maker reported $2.70 EPS for the quarter, topping analysts’ consensus estimates of $2.08 by $0.62. NVIDIA had a return on equity of 45.50% and a net margin of 31.59%. The firm had revenue of $13.51 billion during the quarter, compared to analysts’ expectations of $11.19 billion. During the same quarter in the previous year, the business earned $0.32 EPS. The company’s quarterly revenue was up 101.5% on a year-over-year basis. As a group, equities research analysts predict that NVIDIA Co. will post 9.54 earnings per share for the current year.

NVIDIA Dividend Announcement

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 $0.04 dividend. 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 dividend payout ratio is currently 3.86%.

Insider Transactions at NVIDIA

In related news, CEO Jen Hsun Huang sold 29,688 shares of the 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 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other NVIDIA news, CFO Colette Kress sold 4,980 shares of the company’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $460.74, for a total value of $2,294,485.20. Following the transaction, the chief financial officer now owns 499,428 shares of the company’s stock, valued at approximately $230,106,456.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jen Hsun Huang sold 29,688 shares of NVIDIA stock in a transaction on 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 sale, the chief executive officer now owns 7,918,875 shares of the company’s stock, valued at $3,595,248,438.75. The disclosure for this sale can be found here. In the last quarter, insiders sold 145,232 shares of company stock worth $67,606,089. 3.99% of the stock is currently owned by insiders.

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.