Blair William & Co. IL increased its holdings in NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 4.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,599,138 shares of the computer hardware maker’s stock after acquiring an additional 218,564 shares during the quarter. NVIDIA makes up 2.5% of Blair William & Co. IL’s portfolio, making the stock its 4th biggest position. Blair William & Co. IL’s holdings in NVIDIA were worth $884,608,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in NVDA. Kathleen S. Wright Associates Inc. raised its stake in shares of NVIDIA by 169.3% in 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 acquired a new stake in NVIDIA during the first quarter valued at approximately $51,000. Legend Financial Advisors Inc. acquired a new stake in NVIDIA during the second quarter valued at approximately $55,000. Campbell Capital Management Inc. raised its position in shares of 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 acquiring an additional 590 shares in the last quarter. Finally, Luken Investment Analytics LLC raised its position in shares of 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 acquiring an additional 321 shares in the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.
NVIDIA Price Performance
NASDAQ NVDA opened at $202.76 on Friday. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $212.19. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. The firm has a market capitalization of $4.93 trillion, a PE ratio of 57.77, a P/E/G ratio of 1.49 and a beta of 2.12. The company’s 50 day simple moving average is $181.35 and its 200 day simple moving average is $158.70.
NVIDIA Announces Dividend
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 $0.01 dividend. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA’s dividend payout ratio is currently 1.14%.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on NVDA shares. HSBC set a $320.00 price objective on shares of NVIDIA and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Morgan Stanley reaffirmed an “overweight” rating on shares of NVIDIA in a research report on Wednesday. TD Cowen increased their target price on NVIDIA from $140.00 to $235.00 and gave the stock a “buy” rating in a research report on Tuesday, August 19th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NVIDIA in a research report on Wednesday, October 8th. Finally, Melius Research set a $300.00 price objective on shares of NVIDIA in a report on Wednesday. Five research analysts have rated the stock with a Strong Buy rating, forty-one have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, NVIDIA has an average rating of “Buy” and a consensus price target of $229.38.
Get Our Latest Stock Analysis on NVDA
Insider Buying and Selling at NVIDIA
In other NVIDIA news, Director Mark A. Stevens sold 350,000 shares of the company’s stock in a transaction on Friday, September 19th. The stock was sold at an average price of $176.39, for a total value of $61,736,500.00. Following the transaction, the director owned 7,399,803 shares of the company’s stock, valued at approximately $1,305,251,251.17. This represents a 4.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $169.65, for a total value of $12,723,750.00. Following the sale, the chief executive officer directly owned 72,698,366 shares in the company, valued at $12,333,277,791.90. This trade represents a 0.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 3,676,577 shares of company stock valued at $657,716,375. Corporate insiders own 4.17% of the company’s stock.
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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