NVIDIA Co. (NASDAQ:NVDA) Holdings Boosted by Green Alpha Advisors LLC

Green Alpha Advisors LLC increased its holdings in NVIDIA Co. (NASDAQ:NVDA) by 2.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,640 shares of the computer hardware maker’s stock after buying an additional 244 shares during the quarter. NVIDIA accounts for about 2.4% of Green Alpha Advisors LLC’s investment portfolio, making the stock its 4th largest position. Green Alpha Advisors LLC’s holdings in NVIDIA were worth $3,655,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Contravisory Investment Management Inc. bought a new stake in NVIDIA during the 1st quarter worth approximately $28,000. Nordwand Advisors LLC bought a new stake in NVIDIA during the 1st quarter worth approximately $28,000. Quarry LP bought a new stake in NVIDIA during the 1st quarter worth approximately $34,000. Financial Connections Group Inc. raised its stake in NVIDIA by 605.7% during the 4th quarter. Financial Connections Group Inc. now owns 247 shares of the computer hardware maker’s stock worth $36,000 after acquiring an additional 212 shares during the period. Finally, Chelsea Counsel Co. bought a new stake in NVIDIA during the 4th quarter worth approximately $37,000. Hedge funds and other institutional investors own 64.79% of the company’s stock.

NVIDIA Stock Performance

NVDA opened at $439.00 on Friday. NVIDIA Co. has a 52-week low of $108.13 and a 52-week high of $502.66. The company has a quick ratio of 2.37, a current ratio of 2.79 and a debt-to-equity ratio of 0.31. The company has a market cap of $1.08 trillion, a P/E ratio of 106.04, a price-to-earnings-growth ratio of 3.57 and a beta of 1.74. The firm’s 50-day moving average price is $454.96 and its 200-day moving average price is $363.57.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, August 23rd. The computer hardware maker reported $2.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.08 by $0.62. The firm had revenue of $13.51 billion for the quarter, compared to the consensus estimate of $11.19 billion. NVIDIA had a net margin of 31.59% and a return on equity of 45.50%. The company’s revenue for the quarter was up 101.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.32 earnings per share. As a group, equities analysts anticipate that NVIDIA Co. will post 9.46 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, September 7th will be given a $0.04 dividend. The ex-dividend date is Wednesday, September 6th. This represents a $0.16 dividend on an annualized basis and a yield of 0.04%. NVIDIA’s dividend payout ratio is currently 3.86%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on NVDA. Susquehanna raised their target price on shares of NVIDIA from $575.00 to $600.00 and gave the stock a “positive” rating in a research note on Thursday, August 24th. Tigress Financial lifted their price objective on shares of NVIDIA from $320.00 to $560.00 in a research report on Friday, July 7th. Robert W. Baird lifted their price objective on shares of NVIDIA from $570.00 to $750.00 and gave the company an “outperform” rating in a research report on Thursday, August 24th. Raymond James raised their target price on shares of NVIDIA from $500.00 to $600.00 and gave the company a “strong-buy” rating in a report on Thursday, August 24th. Finally, The Goldman Sachs Group raised their target price on shares of NVIDIA from $440.00 to $495.00 in a report on Monday, July 10th. 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, NVIDIA presently has a consensus rating of “Moderate Buy” and an average price target of $555.70.

Insider Activity at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 40,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $432.06, for a total value of $17,282,400.00. Following the sale, the director now owns 1,052,286 shares in the company, valued at approximately $454,650,689.16. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other NVIDIA news, CEO Jen Hsun Huang sold 29,688 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $486.40, for a total value of $14,440,243.20. Following the sale, the chief executive officer now owns 7,800,125 shares in the company, valued at approximately $3,793,980,800. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Mark A. Stevens sold 40,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 20th. The stock was 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 owns 1,052,286 shares in the company, valued at approximately $454,650,689.16. The disclosure for this sale can be found here. Insiders have sold a total of 185,515 shares of company stock worth $85,008,631 over the last quarter. Insiders own 3.99% of the company’s stock.

NVIDIA Company 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.