Valmark Advisers Inc. increased its holdings in NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 0.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,797 shares of the computer hardware maker’s stock after acquiring an additional 443 shares during the quarter. Valmark Advisers Inc.’s holdings in NVIDIA were worth $17,189,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also bought and sold shares of the company. Kathleen S. Wright Associates Inc. increased its stake in NVIDIA by 169.3% during the 1st 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 bought a new stake in NVIDIA during the 1st quarter valued at about $51,000. Legend Financial Advisors Inc. bought a new stake in NVIDIA during the 2nd quarter valued at about $55,000. Campbell Capital Management Inc. increased its stake in NVIDIA by 5,900.0% during the 1st 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 increased its stake in NVIDIA by 107.0% during the 1st 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 currently owned by institutional investors.
NVIDIA Stock Up 5.0%
Shares of NVDA stock opened at $201.03 on Wednesday. The company has a market capitalization of $4.89 trillion, a price-to-earnings ratio of 57.27, a PEG ratio of 1.38 and a beta of 2.12. NVIDIA Corporation has a one year low of $86.62 and a one year high of $203.15. The company’s fifty day moving average price is $180.16 and its 200-day moving average price is $157.72. 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 company also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date was Thursday, September 11th. NVIDIA’s dividend payout ratio (DPR) is presently 1.14%.
Analyst Ratings Changes
A number of research firms have weighed in on NVDA. Wall Street Zen upgraded shares of NVIDIA from a “hold” rating to a “buy” rating in a research note on Sunday, October 19th. Needham & Company LLC reiterated a “buy” rating and issued a $200.00 price target on shares of NVIDIA in a research note on Thursday, August 28th. Rosenblatt Securities reiterated a “buy” rating and issued a $215.00 price target on shares of NVIDIA in a research note on Tuesday, September 23rd. S&P Equity Research reiterated a “positive” rating on shares of NVIDIA in a research note on Wednesday, October 22nd. Finally, 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. Five research analysts have rated the stock with a Strong Buy rating, forty have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $222.23.
Read Our Latest Report on NVDA
Insider Buying and Selling at NVIDIA
In other NVIDIA news, CFO Colette Kress sold 27,640 shares of NVIDIA stock in a transaction on Tuesday, October 21st. The shares were sold at an average price of $181.42, for a total value of $5,014,448.80. Following the sale, the chief financial officer directly owned 2,855,762 shares in the company, valued at approximately $518,092,342.04. The trade was a 0.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jen Hsun Huang sold 25,000 shares of NVIDIA stock in a transaction on Monday, October 27th. The shares were sold at an average price of $190.73, for a total transaction of $4,768,250.00. Following the completion of the sale, the chief executive officer owned 69,783,203 shares in the company, valued at approximately $13,309,750,308.19. This represents a 0.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 3,751,577 shares of company stock worth $670,766,375 over the last 90 days. Insiders own 4.17% of the company’s stock.
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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