Perigon Wealth Management LLC Increases Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Perigon Wealth Management LLC grew its position in NVIDIA Co. (NASDAQ:NVDA) by 25.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,585 shares of the computer hardware maker’s stock after buying an additional 5,594 shares during the quarter. NVIDIA accounts for approximately 1.1% of Perigon Wealth Management LLC’s holdings, making the stock its 24th biggest holding. Perigon Wealth Management LLC’s holdings in NVIDIA were worth $4,530,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in NVDA. Bay Harbor Wealth Management LLC increased its position in NVIDIA by 41.4% during the 1st quarter. Bay Harbor Wealth Management LLC now owns 205 shares of the computer hardware maker’s stock worth $37,000 after purchasing an additional 60 shares in the last quarter. LS Investment Advisors LLC increased its position in NVIDIA by 0.5% during the 1st quarter. LS Investment Advisors LLC now owns 11,952 shares of the computer hardware maker’s stock worth $2,146,000 after purchasing an additional 62 shares in the last quarter. McIlrath & Eck LLC increased its position in NVIDIA by 14.5% during the 1st quarter. McIlrath & Eck LLC now owns 496 shares of the computer hardware maker’s stock worth $89,000 after purchasing an additional 63 shares in the last quarter. Tradewinds Capital Management LLC increased its position in NVIDIA by 19.8% during the 1st quarter. Tradewinds Capital Management LLC now owns 393 shares of the computer hardware maker’s stock worth $71,000 after purchasing an additional 65 shares in the last quarter. Finally, Landsberg Bennett & Dubbaneh LLC increased its position in NVIDIA by 1.0% during the 2nd quarter. Landsberg Bennett & Dubbaneh LLC now owns 7,160 shares of the computer hardware maker’s stock worth $1,190,000 after purchasing an additional 68 shares in the last quarter. Institutional investors and hedge funds own 66.93% of the company’s stock.

NVDA has been the subject of a number of recent research reports. Needham & Company LLC reiterated a “sell” rating on shares of NVIDIA in a research report on Friday. Susquehanna Bancshares set a $190.00 price objective on NVIDIA and gave the stock a “buy” rating in a research report on Friday. Oppenheimer set a $190.00 price objective on NVIDIA and gave the stock a “buy” rating in a research report on Friday. SunTrust Banks set a $210.00 price objective on NVIDIA and gave the stock a “buy” rating in a research report on Friday. Finally, FBN Securities set a $190.00 price objective on NVIDIA and gave the stock a “buy” rating in a research report on Friday. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-eight have issued a buy rating to the company. NVIDIA currently has a consensus rating of “Buy” and a consensus target price of $188.99.



In other news, Director Harvey C. Jones sold 100,000 shares of NVIDIA stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $145.10, for a total value of $14,510,000.00. Following the transaction, the director now directly owns 32,983 shares of the company’s stock, valued at approximately $4,785,833.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Colette Kress sold 2,236 shares of NVIDIA stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $164.01, for a total value of $366,726.36. Following the completion of the transaction, the chief financial officer now directly owns 239,710 shares in the company, valued at $39,314,837.10. The disclosure for this sale can be found here. Insiders sold a total of 104,736 shares of company stock worth $15,293,726 over the last ninety days. Corporate insiders own 4.64% of the company’s stock.

Shares of NASDAQ NVDA traded down $3.32 during midday trading on Tuesday, hitting $167.46. The stock had a trading volume of 5,598,859 shares, compared to its average volume of 10,044,503. The company has a market capitalization of $97.17 billion, a price-to-earnings ratio of 27.59, a PEG ratio of 4.06 and a beta of 2.07. NVIDIA Co. has a 1-year low of $124.46 and a 1-year high of $292.76. The company has a quick ratio of 7.74, a current ratio of 8.65 and a debt-to-equity ratio of 0.24. The company has a fifty day moving average price of $163.59 and a 200 day moving average price of $163.39.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Thursday, August 15th. The computer hardware maker reported $1.24 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.37. The business had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.55 billion. NVIDIA had a return on equity of 24.40% and a net margin of 26.93%. The company’s revenue was down 17.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.94 EPS. On average, research analysts forecast that NVIDIA Co. will post 4.19 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Thursday, August 29th will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 0.38%. The ex-dividend date is Wednesday, August 28th. NVIDIA’s dividend payout ratio is currently 10.54%.

NVIDIA Company Profile

NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. The GPU segment comprises of product brands which aims specialized markets including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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