Stamos Capital Partners L.P. Sells 2,710 Shares of NVIDIA Co. (NASDAQ:NVDA)

Stamos Capital Partners L.P. cut its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 19.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,010 shares of the computer hardware maker’s stock after selling 2,710 shares during the quarter. Stamos Capital Partners L.P.’s holdings in NVIDIA were worth $3,058,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of NVDA. Contravisory Investment Management Inc. bought a new stake in shares of NVIDIA in the first quarter worth $28,000. Nordwand Advisors LLC bought a new stake in NVIDIA during the 1st quarter worth about $28,000. Financial Connections Group Inc. grew its holdings in shares of NVIDIA by 605.7% in the 4th quarter. Financial Connections Group Inc. now owns 247 shares of the computer hardware maker’s stock valued at $36,000 after acquiring an additional 212 shares in the last quarter. Chelsea Counsel Co. acquired a new stake in shares of NVIDIA in the fourth quarter valued at about $37,000. Finally, Compass Wealth Management LLC bought a new stake in NVIDIA during the fourth quarter worth about $39,000. Institutional investors and hedge funds own 64.79% of the company’s stock.

Insider Activity

In other NVIDIA news, CFO Colette Kress sold 4,980 shares of NVIDIA stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $460.74, for a total value of $2,294,485.20. Following the completion of the sale, the chief financial officer now directly owns 499,428 shares in the company, valued at $230,106,456.72. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CFO Colette Kress sold 4,980 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $460.74, for a total transaction of $2,294,485.20. Following the completion of the sale, the chief financial officer now owns 499,428 shares of the company’s stock, valued at approximately $230,106,456.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mark A. Stevens sold 78,602 shares of the business’s stock in a transaction on Friday, June 16th. The shares were sold at an average price of $430.50, for a total transaction of $33,838,161.00. Following the transaction, the director now owns 1,092,286 shares in the company, valued at approximately $470,229,123. The disclosure for this sale can be found here. Insiders have sold 265,160 shares of company stock valued at $111,896,658 in the last ninety days. 3.99% of the stock is owned by company insiders.

Analyst Ratings Changes

NVDA has been the topic of several recent analyst reports. Barclays boosted their price target on NVIDIA from $600.00 to $650.00 and gave the stock an “overweight” rating in a research report on Thursday, August 24th. Wedbush increased their price target on shares of NVIDIA from $490.00 to $600.00 and gave the company an “outperform” rating in a research note on Thursday, August 24th. Wolfe Research boosted their price objective on shares of NVIDIA from $570.00 to $630.00 and gave the stock an “outperform” rating in a research note on Thursday, August 24th. StockNews.com started coverage on shares of NVIDIA in a research note on Thursday, August 17th. They issued a “hold” rating for the company. Finally, BNP Paribas raised NVIDIA from a “neutral” rating to an “outperform” rating and set a $745.00 price target on the stock in a research report on Thursday, August 24th. One analyst has rated the stock with a sell rating, two have given a hold rating, thirty-six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, NVIDIA presently has an average rating of “Moderate Buy” and an average target price of $555.70.

NVIDIA Trading Down 1.7 %

Shares of NVDA stock traded down $8.46 on Monday, hitting $485.09. The company had a trading volume of 46,383,000 shares, compared to its average volume of 49,753,813. The stock’s 50-day moving average is $446.75 and its two-hundred day moving average is $350.10. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.37 and a current ratio of 2.79. The firm has a market cap of $1.20 trillion, a P/E ratio of 117.17, a P/E/G ratio of 3.89 and a beta of 1.74. NVIDIA Co. has a twelve month low of $108.13 and a twelve month high of $502.66.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, August 23rd. The computer hardware maker reported $2.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.08 by $0.62. NVIDIA had a net margin of 31.59% and a return on equity of 45.50%. The firm had revenue of $13.51 billion for the quarter, compared to the consensus estimate of $11.19 billion. During the same quarter in the previous year, the company earned $0.32 EPS. The company’s revenue for the quarter was up 101.5% on a year-over-year basis. On average, equities research analysts anticipate that NVIDIA Co. will post 9.24 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Stockholders of record on Thursday, September 7th will be given a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.03%. The ex-dividend date is Wednesday, September 6th. NVIDIA’s dividend payout ratio (DPR) is presently 3.86%.

About NVIDIA

NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company's 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; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.