Pacific Sage Partners LLC boosted its holdings in shares of NVIDIA Co. (NASDAQ:NVDA – Free Report) by 2.6% in the second quarter, according to its most recent filing with the SEC. The firm owned 1,360 shares of the computer hardware maker’s stock after acquiring an additional 34 shares during the period. Pacific Sage Partners LLC’s holdings in NVIDIA were worth $575,000 as of its most recent filing with the SEC.
Other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of NVIDIA during the fourth quarter worth $3,900,874,000. Moneta Group Investment Advisors LLC boosted its position in shares of NVIDIA by 160,446.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 19,586,643 shares of the computer hardware maker’s stock worth $2,862,392,000 after purchasing an additional 19,574,443 shares in the last quarter. GQG Partners LLC bought a new position in shares of NVIDIA during the first quarter worth $2,290,856,000. Price T Rowe Associates Inc. MD boosted its position in shares of NVIDIA by 9.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 56,956,988 shares of the computer hardware maker’s stock worth $8,323,694,000 after purchasing an additional 5,043,685 shares in the last quarter. Finally, Morgan Stanley boosted its position in shares of NVIDIA by 20.2% during the fourth quarter. Morgan Stanley now owns 27,533,756 shares of the computer hardware maker’s stock worth $4,023,783,000 after purchasing an additional 4,621,002 shares in the last quarter. Institutional investors and hedge funds own 64.79% of the company’s stock.
Insider Buying and Selling at NVIDIA
In other NVIDIA news, CEO Jen Hsun Huang sold 29,688 shares of the business’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $471.55, for a total value of $13,999,376.40. Following the completion of the sale, the chief executive officer now owns 7,800,125 shares of the company’s stock, valued at approximately $3,678,148,943.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other NVIDIA news, CEO Jen Hsun Huang sold 29,688 shares of the business’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $471.55, for a total value of $13,999,376.40. Following the completion of the sale, the chief executive officer now owns 7,800,125 shares of the company’s stock, valued at approximately $3,678,148,943.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Colette Kress sold 4,980 shares of the business’s stock in a transaction dated 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 directly owns 499,428 shares of the company’s stock, valued at approximately $230,106,456.72. The disclosure for this sale can be found here. Insiders sold 145,232 shares of company stock valued at $67,606,089 in the last quarter. Company insiders own 3.99% of the company’s stock.
NVIDIA Stock Up 2.4 %
Shares of NVDA opened at $457.62 on Friday. NVIDIA Co. has a 52 week low of $108.13 and a 52 week high of $502.66. The firm has a market cap of $1.13 trillion, a P/E ratio of 110.54, a price-to-earnings-growth ratio of 3.47 and a beta of 1.76. The firm’s 50-day simple moving average is $449.07 and its 200 day simple moving average is $385.94. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.37 and a current ratio of 2.79.
NVIDIA (NASDAQ:NVDA – Get Free Report) last announced its quarterly earnings results on Wednesday, August 23rd. The computer hardware maker reported $2.70 EPS for the quarter, beating 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 business had revenue of $13.51 billion for the quarter, compared to analyst estimates of $11.19 billion. During the same quarter in the prior year, the business earned $0.32 EPS. NVIDIA’s quarterly revenue was up 101.5% on a year-over-year basis. On average, analysts forecast that NVIDIA Co. will post 9.54 earnings per share for the current year.
NVIDIA Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 28th. Shareholders of record on Thursday, September 7th were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date of this dividend was Wednesday, September 6th. NVIDIA’s dividend payout ratio is currently 3.86%.
Analysts Set New Price Targets
NVDA has been the topic of a number of recent analyst reports. Mizuho lifted their price target on shares of NVIDIA from $530.00 to $590.00 and gave the stock a “buy” rating in a research report on Thursday, August 24th. Truist Financial boosted their price objective on shares of NVIDIA from $545.00 to $668.00 and gave the company a “buy” rating in a research report on Thursday, August 24th. Rosenblatt Securities reaffirmed a “buy” rating on shares of NVIDIA in a research report on Wednesday, September 20th. Argus boosted their price objective on shares of NVIDIA from $450.00 to $600.00 and gave the company a “buy” rating in a research report on Thursday, August 24th. Finally, Westpark Capital raised shares of NVIDIA from a “hold” rating to a “buy” rating and set a $690.00 price objective on the stock in a research report on Thursday, August 24th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-five have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, NVIDIA currently has a consensus rating of “Moderate Buy” and an average price target of $558.95.
Get Our Latest Report on NVIDIA
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.
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