Well Done LLC raised its position in NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 1.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,606 shares of the computer hardware maker’s stock after acquiring an additional 73 shares during the quarter. Well Done LLC’s holdings in NVIDIA were worth $1,044,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of NVDA. Kathleen S. Wright Associates Inc. increased its stake in shares of NVIDIA by 169.3% in the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock worth $44,000 after purchasing an additional 254 shares in the last quarter. Westend Capital Management LLC lifted its position in NVIDIA by 46.8% during the second quarter. Westend Capital Management LLC now owns 455 shares of the computer hardware maker’s stock valued at $72,000 after purchasing an additional 145 shares in the last quarter. Barnes Dennig Private Wealth Management LLC bought a new stake in NVIDIA during the first quarter valued at about $51,000. Bruce G. Allen Investments LLC increased its position in NVIDIA by 198.2% in the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker’s stock worth $53,000 after buying an additional 327 shares in the last quarter. Finally, Campbell Capital Management Inc. raised its stake in shares of NVIDIA by 5,900.0% in the first quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker’s stock worth $65,000 after buying an additional 590 shares during the period. 65.27% of the stock is owned by hedge funds and other institutional investors.
NVIDIA Stock Performance
NVIDIA stock opened at $187.62 on Monday. 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 firm has a market capitalization of $4.56 trillion, a P/E ratio of 53.45, a price-to-earnings-growth ratio of 1.36 and a beta of 2.12. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $191.05. The company’s 50-day moving average is $178.11 and its 200 day moving average is $148.57.
NVIDIA Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th were paid a $0.01 dividend. The ex-dividend date was Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA’s dividend payout ratio (DPR) is presently 1.14%.
Insiders Place Their Bets
In related news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $186.61, for a total transaction of $13,995,750.00. Following the completion of the sale, the chief executive officer owned 71,083,203 shares in the company, valued at $13,264,836,511.83. This trade represents a 0.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Mark A. Stevens sold 350,000 shares of the business’s stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $176.39, for a total transaction of $61,736,500.00. Following the completion of the sale, the director directly owned 7,399,803 shares of the company’s stock, valued at approximately $1,305,251,251.17. This trade represents a 4.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,971,893 shares of company stock valued at $694,502,352 in the last three months. 4.17% of the stock is owned by company insiders.
Analyst Ratings Changes
A number of research analysts recently issued reports on NVDA shares. TD Cowen boosted their price objective on NVIDIA from $140.00 to $235.00 and gave the company a “buy” rating in a research note on Tuesday, August 19th. BNP Paribas upgraded shares of NVIDIA to a “hold” rating in a research report on Friday, August 1st. Needham & Company LLC restated a “buy” rating and set a $200.00 price objective on shares of NVIDIA in a research report on Thursday, August 28th. Mizuho upped their target price on shares of NVIDIA from $192.00 to $205.00 and gave the stock an “outperform” rating in a report on Thursday, August 14th. Finally, Bank of America raised their price target on NVIDIA from $220.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, August 28th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $211.00.
Read Our Latest Research Report on NVIDIA
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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