Panoramic Capital Partners LLC boosted its stake in shares of NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 70.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 25,119 shares of the computer hardware maker’s stock after buying an additional 10,369 shares during the period. NVIDIA makes up approximately 2.8% of Panoramic Capital Partners LLC’s holdings, making the stock its 9th largest holding. Panoramic Capital Partners LLC’s holdings in NVIDIA were worth $4,002,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Kathleen S. Wright Associates Inc. increased its stake in shares of NVIDIA by 169.3% during the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock valued at $44,000 after buying an additional 254 shares during the period. Barnes Dennig Private Wealth Management LLC acquired a new stake in NVIDIA in the first quarter worth about $51,000. Bruce G. Allen Investments LLC boosted its holdings 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 acquiring an additional 327 shares in the last quarter. Legend Financial Advisors Inc. acquired a new stake in NVIDIA in the second quarter worth about $55,000. Finally, Campbell Capital Management Inc. boosted its holdings in 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 acquiring an additional 590 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.
NVIDIA Stock Performance
Shares of NVIDIA stock opened at $181.81 on Friday. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. The firm has a market cap of $4.42 trillion, a PE ratio of 51.80, a price-to-earnings-growth ratio of 1.30 and a beta of 2.12. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $195.62. The business’s fifty day simple moving average is $179.39 and its 200-day simple moving average is $152.47.
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 issued a dividend of $0.01 per share. The ex-dividend date was Thursday, September 11th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA’s dividend payout ratio is 1.14%.
Insiders Place Their Bets
In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the company’s stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $181.01, for a total transaction of $13,575,750.00. Following the sale, the chief executive officer owned 70,333,203 shares in the company, valued at $12,731,013,075.03. This represents a 0.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last quarter, insiders sold 3,753,937 shares of company stock worth $667,769,026. 4.17% of the stock is owned by corporate insiders.
Analyst Ratings Changes
Several brokerages have recently issued reports on NVDA. Oppenheimer restated an “outperform” rating and issued a $225.00 price objective (up from $200.00) on shares of NVIDIA in a research note on Thursday, August 28th. Mizuho increased their target price on NVIDIA from $205.00 to $225.00 and gave the company an “outperform” rating in a research report on Monday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NVIDIA in a research note on Wednesday, October 8th. Wells Fargo & Company lifted their price target on NVIDIA from $185.00 to $220.00 and gave the stock an “overweight” rating in a research note on Monday, August 11th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $215.00 price target on shares of NVIDIA in a research note on Tuesday, September 23rd. Five research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $222.23.
Check Out Our Latest Analysis on NVDA
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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