Premier Fund Managers Ltd Has $9.29 Million Position in NVIDIA Co. (NASDAQ:NVDA)

Premier Fund Managers Ltd lowered its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 35.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,741 shares of the computer hardware maker’s stock after selling 12,510 shares during the quarter. Premier Fund Managers Ltd’s holdings in NVIDIA were worth $9,288,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of NVDA. Nordwand Advisors LLC bought a new position in shares of NVIDIA during the 1st quarter valued at $28,000. Marquette Asset Management LLC acquired a new position in NVIDIA during the 2nd quarter worth $34,000. Quarry LP acquired a new position in NVIDIA during the 1st quarter worth $34,000. Compass Wealth Management LLC acquired a new position in NVIDIA during the 4th quarter worth $39,000. Finally, MRP Capital Investments LLC acquired a new position in NVIDIA during the 2nd quarter worth $42,000. Institutional investors own 64.79% of the company’s stock.

Insiders Place Their Bets

In other NVIDIA news, CEO Jen Hsun Huang sold 29,688 shares of the stock in a transaction on 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 in the company, valued at $3,595,248,438.75. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CFO Colette Kress sold 4,980 shares of the stock in a transaction 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 completion of the sale, the chief financial officer now owns 499,428 shares of the company’s stock, valued at $230,106,456.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jen Hsun Huang sold 29,688 shares of the stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $454.01, for a total transaction 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 145,232 shares of company stock worth $67,606,089. Company insiders own 3.99% of the company’s stock.

Analyst Ratings Changes

NVDA has been the subject of a number of research analyst reports. Evercore ISI boosted their target price on shares of NVIDIA to $600.00 in a research report on Thursday, August 24th. Robert W. Baird upped their price objective on shares of NVIDIA from $570.00 to $750.00 and gave the company an “outperform” rating in a research report on Thursday, August 24th. Benchmark upped their target price on shares of NVIDIA from $475.00 to $625.00 and gave the company a “buy” rating in a research note on Thursday, August 24th. Rosenblatt Securities reissued a “buy” rating on shares of NVIDIA in a research note on Wednesday, September 20th. Finally, Craig Hallum upped their target price on shares of NVIDIA from $500.00 to $700.00 and gave the company a “buy” rating in a research note on Thursday, August 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-five have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $556.83.

NVIDIA Trading Up 3.4 %

Shares of NASDAQ NVDA opened at $450.05 on Monday. The company’s 50 day simple moving average is $444.01 and its 200 day simple moving average is $408.81. NVIDIA Co. has a fifty-two week low of $136.97 and a fifty-two week high of $502.66. The firm has a market capitalization of $1.11 trillion, a P/E ratio of 108.71, a P/E/G ratio of 3.38 and a beta of 1.69. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.79 and a quick ratio of 2.37.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, August 23rd. The computer hardware maker reported $2.70 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.62. The company had revenue of $13.51 billion for the quarter, compared to analyst estimates of $11.19 billion. NVIDIA had a net margin of 31.59% and a return on equity of 45.50%. The business’s revenue for the quarter was up 101.5% compared to the same quarter last year. During the same period last year, the business posted $0.32 earnings per share. On average, analysts predict that NVIDIA Co. will post 9.54 EPS for the current year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 28th. Shareholders of record on Thursday, September 7th were issued a $0.04 dividend. The ex-dividend date was Wednesday, September 6th. This represents a $0.16 annualized dividend and a yield of 0.04%. NVIDIA’s dividend payout ratio (DPR) is presently 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.