MADDEN SECURITIES Corp Sells 3,295 Shares of NVIDIA Co. (NASDAQ:NVDA)

MADDEN SECURITIES Corp decreased its position in NVIDIA Co. (NASDAQ:NVDA) by 22.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 11,667 shares of the computer hardware maker’s stock after selling 3,295 shares during the period. NVIDIA comprises approximately 2.5% of MADDEN SECURITIES Corp’s portfolio, making the stock its 13th biggest holding. MADDEN SECURITIES Corp’s holdings in NVIDIA were worth $4,935,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in NVDA. Contravisory Investment Management Inc. bought a new stake in NVIDIA in the first quarter valued at $28,000. Nordwand Advisors LLC bought a new stake in NVIDIA in the first quarter valued at $28,000. Graham Capital Wealth Management LLC bought a new stake in NVIDIA in the first quarter valued at $311,102,000. Quarry LP bought a new stake in NVIDIA in the first quarter valued at $34,000. Finally, 25 LLC bought a new stake in NVIDIA in the first quarter valued at $46,000. Institutional investors own 64.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. UBS Group raised their price objective on NVIDIA from $540.00 to $560.00 and gave the company a “buy” rating in a research report on Thursday, August 24th. Barclays raised their price objective on NVIDIA from $600.00 to $650.00 and gave the company an “overweight” rating in a research report on Thursday, August 24th. Citigroup raised their price objective on NVIDIA from $520.00 to $630.00 and gave the company a “buy” rating in a research report on Thursday, August 24th. Argus raised their price objective on NVIDIA from $450.00 to $600.00 and gave the company a “buy” rating in a research report on Thursday, August 24th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on NVIDIA from $440.00 to $560.00 and gave the company a “hold” rating in a research report on Thursday, August 24th. One research analyst has rated the stock with a sell rating, two have given a hold rating, thirty-six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, NVIDIA has an average rating of “Moderate Buy” and an average price target of $555.70.

NVIDIA Stock Down 3.7 %

NASDAQ NVDA opened at $439.00 on Friday. The stock’s 50 day moving average is $454.96 and its 200 day moving average is $363.57. 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 12 month low of $108.13 and a 12 month high of $502.66. The stock has a market cap of $1.08 trillion, a PE ratio of 106.04, a P/E/G ratio of 3.57 and a beta of 1.74.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, August 23rd. The computer hardware maker reported $2.70 EPS for the quarter, topping analysts’ consensus estimates of $2.08 by $0.62. NVIDIA had a return on equity of 45.50% and a net margin of 31.59%. The company had revenue of $13.51 billion for the quarter, compared to analysts’ expectations of $11.19 billion. During the same period in the previous year, the firm earned $0.32 EPS. The firm’s revenue was up 101.5% compared to the same quarter last year. Research analysts predict that NVIDIA Co. will post 9.46 EPS for the current fiscal year.

NVIDIA Announces Dividend

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

Insider Transactions at NVIDIA

In other news, Director John Dabiri sold 283 shares of the company’s stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of $424.53, for a total transaction of $120,141.99. Following the sale, the director now directly owns 2,401 shares of the company’s stock, valued at approximately $1,019,296.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Colette Kress sold 4,980 shares of the stock in a transaction on Monday, August 28th. The stock was sold at an average price of $460.74, for a total transaction of $2,294,485.20. Following the sale, the chief financial officer now owns 499,428 shares in the company, valued at approximately $230,106,456.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John Dabiri sold 283 shares of the company’s stock in a transaction on Monday, June 26th. The shares were sold at an average price of $424.53, for a total value of $120,141.99. Following the completion of the transaction, the director now directly owns 2,401 shares in the company, valued at approximately $1,019,296.53. The disclosure for this sale can be found here. Insiders have sold 185,515 shares of company stock valued at $85,008,631 in the last ninety days. Corporate insiders own 3.99% of the company’s stock.

NVIDIA Profile

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.