REAP Financial Group LLC boosted its stake in NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 46.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,645 shares of the computer hardware maker’s stock after purchasing an additional 2,107 shares during the quarter. REAP Financial Group LLC’s holdings in NVIDIA were worth $1,050,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also bought and sold shares of NVDA. Kathleen S. Wright Associates Inc. raised its stake in NVIDIA by 169.3% in the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock valued at $44,000 after purchasing an additional 254 shares in the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new stake in NVIDIA in the first quarter valued at approximately $51,000. Legend Financial Advisors Inc. purchased a new stake in NVIDIA in the second quarter valued at approximately $55,000. Campbell Capital Management Inc. raised its stake 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 valued at $65,000 after purchasing an additional 590 shares in the last quarter. Finally, Luken Investment Analytics LLC raised its stake in NVIDIA by 107.0% in the first quarter. Luken Investment Analytics LLC now owns 621 shares of the computer hardware maker’s stock valued at $67,000 after purchasing an additional 321 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.
NVIDIA Stock Performance
NASDAQ:NVDA opened at $191.49 on Tuesday. The stock has a market cap of $4.65 trillion, a P/E ratio of 54.56, a price-to-earnings-growth ratio of 1.34 and a beta of 2.12. The firm’s fifty day simple moving average is $179.65 and its 200 day simple moving average is $157.06. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $195.62. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08.
NVIDIA Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, September 11th were issued a $0.01 dividend. The ex-dividend date was Thursday, September 11th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA’s payout ratio is 1.14%.
Wall Street Analyst Weigh In
NVDA has been the topic of several research reports. S&P Equity Research reissued a “positive” rating on shares of NVIDIA in a research note on Wednesday, October 22nd. Wall Street Zen raised shares of NVIDIA from a “hold” rating to a “buy” rating in a research note on Sunday, October 19th. Truist Financial lifted their price target on shares of NVIDIA from $210.00 to $228.00 and gave the stock a “buy” rating in a research note on Thursday, August 28th. Daiwa Capital Markets lifted their price target on shares of NVIDIA from $165.00 to $205.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 17th. Finally, Arete lifted their price target on shares of NVIDIA from $235.00 to $244.00 and gave the stock a “buy” rating in a research note on Tuesday, October 14th. Five analysts have rated the stock with a Strong Buy rating, forty have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $222.23.
Read Our Latest Analysis on NVIDIA
Insider Buying and Selling at NVIDIA
In other news, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction on Wednesday, October 22nd. The shares were sold at an average price of $179.91, for a total transaction of $13,493,250.00. Following the sale, the chief executive officer owned 69,958,203 shares in the company, valued at approximately $12,586,180,301.73. The trade was a 0.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Colette Kress sold 27,640 shares of the business’s stock in a transaction on Tuesday, October 21st. The shares were sold at an average price of $181.42, for a total transaction of $5,014,448.80. Following the sale, the chief financial officer owned 2,855,762 shares in the company, valued at approximately $518,092,342.04. This trade represents a 0.96% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,726,577 shares of company stock worth $665,502,375. 4.17% of the stock is currently owned by company insiders.
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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