Game Plan Financial Advisors LLC lessened its holdings in NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 2.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 64,148 shares of the computer hardware maker’s stock after selling 1,315 shares during the quarter. NVIDIA accounts for approximately 4.4% of Game Plan Financial Advisors LLC’s investment portfolio, making the stock its 2nd biggest position. Game Plan Financial Advisors LLC’s holdings in NVIDIA were worth $10,135,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Pachira Investments Inc. increased its position in NVIDIA by 1.0% during the 2nd quarter. Pachira Investments Inc. now owns 6,450 shares of the computer hardware maker’s stock valued at $1,019,000 after purchasing an additional 63 shares during the period. Warner Financial Inc. increased its position in shares of NVIDIA by 2.3% during the second quarter. Warner Financial Inc. now owns 2,911 shares of the computer hardware maker’s stock worth $460,000 after buying an additional 66 shares during the period. HFG Wealth Management LLC increased its position in shares of NVIDIA by 3.4% during the second quarter. HFG Wealth Management LLC now owns 2,075 shares of the computer hardware maker’s stock worth $328,000 after buying an additional 68 shares during the period. Hidden Cove Wealth Management LLC increased its position in shares of NVIDIA by 0.3% during the second quarter. Hidden Cove Wealth Management LLC now owns 23,778 shares of the computer hardware maker’s stock worth $3,757,000 after buying an additional 69 shares during the period. Finally, Summit Financial Strategies Inc. grew its holdings in NVIDIA by 0.6% during the 2nd quarter. Summit Financial Strategies Inc. now owns 11,637 shares of the computer hardware maker’s stock worth $1,839,000 after acquiring an additional 69 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.
NVIDIA Stock Down 2.1%
Shares of NASDAQ:NVDA opened at $202.76 on Friday. The stock has a market cap of $4.93 trillion, a price-to-earnings ratio of 57.77, a PEG ratio of 1.49 and a beta of 2.12. 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 Corporation has a 12-month low of $86.62 and a 12-month high of $212.19. The business’s 50 day moving average is $181.35 and its 200 day moving average is $158.70.
NVIDIA Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Investors 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 payout ratio is 1.14%.
Insider Buying and Selling
In other news, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer owned 72,698,366 shares in the company, valued at $12,333,277,791.90. The trade was a 0.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark A. Stevens sold 350,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director owned 7,399,803 shares in the company, valued at $1,305,251,251.17. The trade was a 4.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 3,676,577 shares of company stock worth $657,716,375. 4.17% of the stock is owned by insiders.
Wall Street Analyst Weigh In
A number of analysts have weighed in on the company. Wolfe Research set a $230.00 price target on NVIDIA and gave the stock an “outperform” rating in a report on Tuesday. TD Cowen raised their price target on shares of NVIDIA from $140.00 to $235.00 and gave the stock a “buy” rating in a report on Tuesday, August 19th. Rosenblatt Securities restated a “buy” rating and issued a $215.00 price target on shares of NVIDIA in a report on Tuesday, September 23rd. Evercore ISI set a $261.00 target price on NVIDIA and gave the company an “outperform” rating in a research note on Wednesday. Finally, Sanford C. Bernstein restated a “buy” rating on shares of NVIDIA in a research note on Tuesday, September 23rd. Five equities research analysts have rated the stock with a Strong Buy rating, forty-one have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $229.38.
Get Our Latest Stock Analysis 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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