Wiley BROS. Aintree Capital LLC purchased a new stake in shares of NVIDIA Co. (NASDAQ:NVDA – Free Report) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 690 shares of the computer hardware maker’s stock, valued at approximately $292,000.
Other hedge funds have also modified their holdings of the company. Contravisory Investment Management Inc. purchased a new position in NVIDIA in the 1st quarter worth approximately $28,000. Nordwand Advisors LLC purchased a new position in shares of NVIDIA in the first quarter worth $28,000. Quarry LP bought a new position in shares of NVIDIA during the first quarter worth $34,000. Financial Connections Group Inc. grew its stake in NVIDIA by 605.7% during the fourth 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. Finally, Chelsea Counsel Co. bought a new stake in NVIDIA in the 4th quarter valued at $37,000. 64.79% of the stock is currently owned by institutional investors.
NVIDIA Price Performance
Shares of NVDA stock opened at $455.81 on Friday. The stock has a market capitalization of $1.13 trillion, a price-to-earnings ratio of 110.10, a P/E/G ratio of 3.56 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 Co. has a twelve month low of $108.13 and a twelve month high of $502.66. The stock has a fifty day simple moving average of $454.27 and a two-hundred day simple moving average of $362.92.
NVIDIA Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, September 7th will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.04%. The ex-dividend date of this dividend is Wednesday, September 6th. NVIDIA’s dividend payout ratio (DPR) is 3.86%.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on NVDA. TD Cowen increased their price target on NVIDIA from $500.00 to $600.00 and gave the company an “outperform” rating in a research note on Thursday, August 24th. UBS Group raised their target price on shares of NVIDIA from $540.00 to $560.00 and gave the company a “buy” rating in a report on Thursday, August 24th. Jefferies Financial Group upped their price target on shares of NVIDIA from $500.00 to $610.00 and gave the company a “buy” rating in a research note on Thursday, August 24th. BMO Capital Markets lifted their price objective on shares of NVIDIA from $450.00 to $550.00 and gave the stock an “outperform” rating in a research note on Monday, August 21st. Finally, Craig Hallum upped their target price on shares of NVIDIA from $500.00 to $700.00 and gave the company a “buy” rating in a research report on Thursday, August 24th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $555.70.
In related news, Director Mark A. Stevens sold 40,000 shares of the firm’s stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $432.06, for a total transaction of $17,282,400.00. Following the sale, the director now owns 1,052,286 shares of the company’s stock, valued at $454,650,689.16. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other NVIDIA news, Director Mark A. Stevens sold 40,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 20th. The shares were sold at an average price of $432.06, for a total value of $17,282,400.00. Following the completion of the sale, the director now directly owns 1,052,286 shares in the company, valued at $454,650,689.16. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Mark A. Stevens sold 21,500 shares of NVIDIA stock in a transaction on Monday, August 28th. The stock was sold at an average price of $468.08, for a total transaction of $10,063,720.00. Following the completion of the transaction, the director now directly owns 1,030,786 shares in the company, valued at $482,490,310.88. The disclosure for this sale can be found here. In the last three months, insiders have sold 185,515 shares of company stock worth $85,008,631. 3.99% of the stock is currently owned by company insiders.
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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