Cambridge Advisors Inc. lifted its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 9.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,192 shares of the computer hardware maker’s stock after buying an additional 1,685 shares during the quarter. NVIDIA comprises approximately 0.7% of Cambridge Advisors Inc.’s investment portfolio, making the stock its 24th biggest holding. Cambridge Advisors Inc.’s holdings in NVIDIA were worth $3,190,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of NVDA. Pachira Investments Inc. lifted its position in shares of NVIDIA by 1.0% in the second quarter. Pachira Investments Inc. now owns 6,450 shares of the computer hardware maker’s stock worth $1,019,000 after purchasing an additional 63 shares in the last quarter. HFG Wealth Management LLC lifted its position in shares of NVIDIA by 3.4% in the second quarter. HFG Wealth Management LLC now owns 2,075 shares of the computer hardware maker’s stock worth $328,000 after purchasing an additional 68 shares in the last quarter. Hidden Cove Wealth Management LLC lifted its position in shares of NVIDIA by 0.3% in the second quarter. Hidden Cove Wealth Management LLC now owns 23,778 shares of the computer hardware maker’s stock worth $3,757,000 after purchasing an additional 69 shares in the last quarter. Burkett Financial Services LLC lifted its position in shares of NVIDIA by 1.3% in the second quarter. Burkett Financial Services LLC now owns 5,450 shares of the computer hardware maker’s stock worth $861,000 after purchasing an additional 70 shares in the last quarter. Finally, Guided Capital Wealth Management LLC lifted its position in shares of NVIDIA by 0.3% in the second quarter. Guided Capital Wealth Management LLC now owns 27,858 shares of the computer hardware maker’s stock worth $4,401,000 after purchasing an additional 70 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.
NVIDIA Price Performance
NASDAQ:NVDA opened at $185.04 on Wednesday. NVIDIA Corporation has a one year low of $86.62 and a one year high of $191.05. The company has a market cap of $4.50 trillion, a P/E ratio of 52.72, a P/E/G ratio of 1.34 and a beta of 2.12. The firm’s fifty day moving average price is $178.48 and its two-hundred day moving average price is $149.30. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60.
NVIDIA Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date was Thursday, September 11th. NVIDIA’s payout ratio is currently 1.14%.
Insider Buying and Selling at NVIDIA
In related news, CEO Jen Hsun Huang sold 75,000 shares of the company’s stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $169.54, for a total value of $12,715,500.00. Following the transaction, the chief executive officer directly owned 74,123,225 shares in the company, valued at approximately $12,566,851,566.50. This represents a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mark A. Stevens sold 350,000 shares of the company’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 transaction, the director owned 7,399,803 shares in the company, valued at $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 3,947,622 shares of company stock worth $694,333,235 over the last ninety days. Insiders own 4.17% of the company’s stock.
Analysts Set New Price Targets
A number of analysts have recently commented on NVDA shares. Evercore ISI boosted their price objective on shares of NVIDIA from $214.00 to $225.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 23rd. Weiss Ratings restated a “buy (b)” rating on shares of NVIDIA in a report on Saturday, September 27th. Mizuho boosted 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. Wolfe Research boosted their target price on shares of NVIDIA from $220.00 to $230.00 in a report on Tuesday, September 23rd. Finally, DA Davidson upgraded shares of NVIDIA from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $195.00 to $210.00 in a report on Thursday, September 11th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, NVIDIA currently has a consensus rating of “Moderate Buy” and a consensus target price of $211.26.
Check Out Our Latest Report on NVDA
NVIDIA Company 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.
Featured Articles
- Five stocks we like better than NVIDIA
- About the Markup Calculator
- EA’s $55 Billion Deal Spurs a Shake-Up in the Gaming Sector
- Bank Stocks – Best Bank Stocks to Invest In
- These Are the 3 Hottest Sectors for Q3 Earnings Growth
- How to Calculate Retirement Income: MarketBeat’s Calculator
- AMD Could Double From Here—Thanks to Its Blockbuster OpenAI Deal
Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Corporation (NASDAQ:NVDA – Free Report).
Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.com's FREE daily email newsletter.