Bank of New Hampshire trimmed its position in shares of NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 0.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,822 shares of the computer hardware maker’s stock after selling 229 shares during the period. NVIDIA makes up 2.0% of Bank of New Hampshire’s portfolio, making the stock its 9th biggest holding. Bank of New Hampshire’s holdings in NVIDIA were worth $8,187,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the company. St. Louis Financial Planners Asset Management LLC bought a new stake in NVIDIA during the second quarter valued at about $3,914,000. Market Street Wealth Management Advisors LLC increased its holdings in shares of NVIDIA by 9.0% during the 2nd quarter. Market Street Wealth Management Advisors LLC now owns 15,677 shares of the computer hardware maker’s stock worth $2,477,000 after purchasing an additional 1,297 shares during the period. Triumph Capital Management increased its holdings in shares of NVIDIA by 12.4% during the 2nd quarter. Triumph Capital Management now owns 30,472 shares of the computer hardware maker’s stock worth $4,814,000 after purchasing an additional 3,352 shares during the period. Boyum Wealth Architects LLC bought a new position in shares of NVIDIA during the 2nd quarter worth about $212,000. Finally, North Berkeley Wealth Management LLC increased its holdings in shares of NVIDIA by 23.4% during the 2nd quarter. North Berkeley Wealth Management LLC now owns 10,510 shares of the computer hardware maker’s stock worth $1,660,000 after purchasing an additional 1,990 shares during the period. 65.27% of the stock is currently owned by institutional investors.
NVIDIA Stock Up 0.2%
NVIDIA stock opened at $176.67 on Monday. The firm has a market capitalization of $4.29 trillion, a price-to-earnings ratio of 50.33, a PEG ratio of 1.28 and a beta of 2.10. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. The company’s 50 day simple moving average is $175.73 and its 200 day simple moving average is $143.85. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $184.48.
NVIDIA Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be paid a $0.01 dividend. The ex-dividend date is Thursday, September 11th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA’s payout ratio is 1.14%.
Insider Buying and Selling at NVIDIA
In other NVIDIA news, Director Mark A. Stevens sold 297,797 shares of the stock in a transaction dated 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 sale, the director directly owned 7,749,803 shares in the company, valued at $1,380,937,396.57. This represents a 3.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $176.42, for a total value of $13,231,500.00. Following the transaction, the chief executive officer directly owned 71,683,203 shares of the company’s stock, valued at approximately $12,646,350,673.26. The trade was a 0.10% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,914,341 shares of company stock worth $662,228,310 over the last quarter. Company insiders own 4.17% of the company’s stock.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on NVDA shares. Loop Capital boosted their price objective on shares of NVIDIA from $175.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, June 25th. The Goldman Sachs Group restated a “buy” rating and set a $200.00 price objective on shares of NVIDIA in a report on Wednesday, August 27th. New Street Research raised their price objective on shares of NVIDIA from $200.00 to $235.00 and gave the stock a “buy” rating in a report on Friday, September 12th. Needham & Company LLC reiterated a “buy” rating and set a $200.00 target price on shares of NVIDIA in a research report on Thursday, August 28th. Finally, Craig Hallum lifted their target price on shares of NVIDIA from $195.00 to $245.00 and gave the company a “buy” rating in a research report on Thursday, August 28th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, NVIDIA has a consensus rating of “Moderate Buy” and an average target price of $208.47.
Get Our Latest Research Report on NVIDIA
NVIDIA Profile
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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