MBA Advisors LLC raised its position in NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 1.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,783 shares of the computer hardware maker’s stock after purchasing an additional 171 shares during the quarter. NVIDIA accounts for approximately 0.9% of MBA Advisors LLC’s portfolio, making the stock its 27th largest position. MBA Advisors LLC’s holdings in NVIDIA were worth $1,862,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NVDA. Hansen & Associates Financial Group Inc. purchased a new stake in shares of NVIDIA during the second quarter worth $1,332,000. Elwood & Goetz Wealth Advisory Group LLC boosted its stake in NVIDIA by 30.9% in the second quarter. Elwood & Goetz Wealth Advisory Group LLC now owns 6,175 shares of the computer hardware maker’s stock valued at $976,000 after acquiring an additional 1,457 shares in the last quarter. Chicago Capital LLC boosted its stake in shares of NVIDIA by 0.7% during the second quarter. Chicago Capital LLC now owns 803,859 shares of the computer hardware maker’s stock worth $127,002,000 after buying an additional 5,926 shares during the period. One Wealth Advisors LLC boosted its stake in shares of NVIDIA by 1.7% during the second quarter. One Wealth Advisors LLC now owns 17,168 shares of the computer hardware maker’s stock worth $2,712,000 after buying an additional 294 shares during the period. Finally, Emerald Advisors LLC boosted its stake in shares of NVIDIA by 11.7% during the second quarter. Emerald Advisors LLC now owns 14,262 shares of the computer hardware maker’s stock worth $2,253,000 after buying an additional 1,498 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.
NVIDIA Trading Down 0.1%
NASDAQ NVDA opened at $179.83 on Thursday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. The company has a 50-day simple moving average of $179.37 and a 200-day simple moving average of $151.96. The firm has a market capitalization of $4.37 trillion, a PE ratio of 51.23, a price-to-earnings-growth ratio of 1.30 and a beta of 2.12. NVIDIA Corporation has a one year low of $86.62 and a one year high of $195.62.
NVIDIA Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date was Thursday, September 11th. NVIDIA’s payout ratio is 1.14%.
Insider Activity at NVIDIA
In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $181.01, for a total transaction of $13,575,750.00. Following the sale, the chief executive officer directly owned 70,333,203 shares in the company, valued at approximately $12,731,013,075.03. The trade was a 0.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders have sold 3,828,937 shares of company stock worth $680,708,026. 4.17% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on NVDA. Mizuho increased their price target on shares of NVIDIA from $205.00 to $225.00 and gave the stock an “outperform” rating in a report on Monday. Citigroup restated a “buy” rating and set a $210.00 target price (up previously from $200.00) on shares of NVIDIA in a research report on Tuesday, September 30th. Loop Capital lifted their price target on shares of NVIDIA from $175.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, June 25th. Wall Street Zen downgraded shares of NVIDIA from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. Finally, UBS Group set a $320.00 price target on shares of NVIDIA in a research note on Wednesday. Four investment analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, NVIDIA currently has a consensus rating of “Moderate Buy” and a consensus price target of $222.23.
Get Our Latest Research 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.
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