Invictus Private Wealth LLC reduced its stake in shares of NVIDIA Co. (NASDAQ:NVDA – Free Report) by 33.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,724 shares of the computer hardware maker’s stock after selling 1,362 shares during the quarter. Invictus Private Wealth LLC’s holdings in NVIDIA were worth $757,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of NVDA. Contravisory Investment Management Inc. purchased a new stake in NVIDIA in the 1st quarter valued at $28,000. Nordwand Advisors LLC acquired a new position in NVIDIA in the first quarter valued at $28,000. Quarry LP purchased a new stake in shares of NVIDIA in the first quarter valued at about $34,000. Financial Connections Group Inc. boosted its stake in shares of NVIDIA by 605.7% during the fourth quarter. Financial Connections Group Inc. now owns 247 shares of the computer hardware maker’s stock worth $36,000 after buying an additional 212 shares during the period. Finally, Chelsea Counsel Co. acquired a new stake in shares of NVIDIA during the fourth quarter worth about $37,000. 64.79% of the stock is owned by hedge funds and other institutional investors.
NVIDIA Trading Up 1.4 %
NVIDIA stock opened at $454.85 on Thursday. The stock has a 50-day moving average price of $453.63 and a 200 day moving average price of $362.27. NVIDIA Co. has a 52 week low of $108.13 and a 52 week high of $502.66. The stock has a market cap of $1.12 trillion, a PE ratio of 109.87, a P/E/G ratio of 3.71 and a beta of 1.74. The company has a current ratio of 2.79, a quick ratio of 2.37 and a debt-to-equity ratio of 0.31.
NVIDIA Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Shareholders of record on Thursday, September 7th will be paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.04%. The ex-dividend date is Wednesday, September 6th. NVIDIA’s dividend payout ratio is presently 3.86%.
In related news, Director John Dabiri sold 283 shares of the stock in a transaction dated Monday, June 26th. The stock was sold at an average price of $424.53, for a total transaction of $120,141.99. Following the transaction, the director now directly owns 2,401 shares in the company, valued at $1,019,296.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director John Dabiri sold 283 shares of the company’s stock in a transaction that occurred on Monday, June 26th. The shares were sold at an average price of $424.53, for a total transaction of $120,141.99. Following the completion of the transaction, the director now owns 2,401 shares of the company’s stock, valued at $1,019,296.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jen Hsun Huang sold 29,688 shares of the business’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $454.01, for a total transaction of $13,478,648.88. Following the sale, the chief executive officer now directly owns 7,918,875 shares of the company’s stock, valued at $3,595,248,438.75. The disclosure for this sale can be found here. Insiders sold a total of 264,117 shares of company stock valued at $118,846,792 over the last quarter. Company insiders own 3.99% of the company’s stock.
Analyst Ratings Changes
Several research firms have commented on NVDA. Wolfe Research upped their price objective on NVIDIA from $570.00 to $630.00 and gave the company an “outperform” rating in a research note on Thursday, August 24th. Westpark Capital raised NVIDIA from a “hold” rating to a “buy” rating and set a $690.00 price target for the company in a report on Thursday, August 24th. Mizuho boosted their price objective on shares of NVIDIA from $530.00 to $590.00 and gave the company a “buy” rating in a research note on Thursday, August 24th. Argus raised their target price on shares of NVIDIA from $450.00 to $600.00 and gave the stock a “buy” rating in a research note on Thursday, August 24th. Finally, Citigroup boosted their price target on shares of NVIDIA from $520.00 to $630.00 and gave the stock a “buy” rating in a research note on Thursday, August 24th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, thirty-six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $555.70.
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.
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