FF Advisors LLC grew its position in NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 35.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,686 shares of the computer hardware maker’s stock after purchasing an additional 2,031 shares during the period. FF Advisors LLC’s holdings in NVIDIA were worth $1,214,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in NVDA. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of NVIDIA by 2.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 206,794,926 shares of the computer hardware maker’s stock valued at $22,412,434,000 after purchasing an additional 5,896,735 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in NVIDIA by 11.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 200,898,191 shares of the computer hardware maker’s stock valued at $26,978,618,000 after buying an additional 20,494,402 shares during the period. Goldman Sachs Group Inc. raised its position in shares of NVIDIA by 123.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker’s stock worth $20,374,921,000 after buying an additional 103,889,872 shares in the last quarter. Nuveen LLC bought a new stake in shares of NVIDIA during the 1st quarter worth about $15,089,414,000. Finally, Amundi lifted its stake in shares of NVIDIA by 16.0% in the 1st quarter. Amundi now owns 135,770,043 shares of the computer hardware maker’s stock worth $13,826,199,000 after acquiring an additional 18,733,431 shares during the period. Institutional investors own 65.27% of the company’s stock.
NVIDIA Price Performance
NVDA opened at $176.67 on Friday. The stock has a fifty day moving average price of $175.73 and a 200 day moving average price of $143.62. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $184.48. The stock has a market cap of $4.29 trillion, a price-to-earnings ratio of 50.33, a PEG ratio of 1.28 and a beta of 2.10.
NVIDIA Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date of this dividend is Thursday, September 11th. NVIDIA’s payout ratio is currently 1.14%.
Wall Street Analysts Forecast Growth
NVDA has been the topic of a number of research analyst reports. Phillip Securities upgraded shares of NVIDIA from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, July 14th. Loop Capital lifted their price target on NVIDIA from $175.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, June 25th. KeyCorp restated an “overweight” rating and issued a $230.00 price objective (up previously from $215.00) on shares of NVIDIA in a report on Thursday, August 28th. Summit Insights raised NVIDIA from a “hold” rating to a “buy” rating in a research note on Thursday, May 29th. Finally, Craig Hallum boosted their price target on shares of NVIDIA from $195.00 to $245.00 and gave the stock a “buy” rating in a research report on Thursday, August 28th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $208.47.
Read Our Latest Stock Report on NVIDIA
Insider Transactions at NVIDIA
In other news, CEO Jen Hsun Huang sold 75,000 shares of the firm’s stock in a transaction on Friday, June 27th. The shares were sold at an average price of $157.02, for a total transaction of $11,776,500.00. Following the transaction, the chief executive officer owned 75,398,225 shares in the company, valued at approximately $11,839,029,289.50. This trade represents a 0.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark A. Stevens sold 297,797 shares of NVIDIA stock in a transaction on Friday, September 12th. The shares were sold at an average price of $178.19, for a total transaction of $53,064,447.43. Following the completion of the sale, the director directly owned 7,749,803 shares of the company’s stock, valued at approximately $1,380,937,396.57. The trade was a 3.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,020,022 shares of company stock worth $677,418,500 in the last 90 days. 4.17% of the stock is owned by insiders.
About NVIDIA
NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The 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; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.
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