NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Peddock Capital Advisors LLC

Peddock Capital Advisors LLC reduced its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 0.9% in the 2nd quarter, HoldingsChannel reports. The fund owned 22,521 shares of the computer hardware maker’s stock after selling 197 shares during the quarter. NVIDIA accounts for approximately 2.0% of Peddock Capital Advisors LLC’s investment portfolio, making the stock its 8th biggest holding. Peddock Capital Advisors LLC’s holdings in NVIDIA were worth $3,699,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Deltec Asset Management LLC acquired a new stake in NVIDIA during the 2nd quarter worth approximately $452,000. Rehmann Capital Advisory Group lifted its position in NVIDIA by 28.5% during the 1st quarter. Rehmann Capital Advisory Group now owns 1,558 shares of the computer hardware maker’s stock worth $280,000 after acquiring an additional 346 shares during the period. Tdam USA Inc. lifted its position in NVIDIA by 15.5% during the 1st quarter. Tdam USA Inc. now owns 1,970 shares of the computer hardware maker’s stock worth $354,000 after acquiring an additional 264 shares during the period. ACG Wealth lifted its position in NVIDIA by 5.5% during the 1st quarter. ACG Wealth now owns 30,488 shares of the computer hardware maker’s stock worth $5,474,000 after acquiring an additional 1,600 shares during the period. Finally, Parnassus Investments CA lifted its position in NVIDIA by 4.2% during the 1st quarter. Parnassus Investments CA now owns 3,081,251 shares of the computer hardware maker’s stock worth $553,269,000 after acquiring an additional 124,922 shares during the period. 66.93% of the stock is owned by hedge funds and other institutional investors.

In related news, Director Harvey C. Jones sold 100,000 shares of the firm’s stock in a transaction that occurred on 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 completion of 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Colette Kress sold 2,236 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at $39,314,837.10. The disclosure for this sale can be found here. Insiders sold a total of 107,236 shares of company stock valued at $15,712,126 over the last ninety days. 4.64% of the stock is currently owned by company insiders.



A number of analysts have weighed in on the company. Piper Jaffray Companies set a $200.00 price objective on NVIDIA and gave the stock a “buy” rating in a research report on Friday, August 16th. FBN Securities set a $190.00 price objective on NVIDIA and gave the stock a “buy” rating in a research report on Friday, August 16th. Royal Bank of Canada decreased their price objective on NVIDIA from $200.00 to $190.00 and set an “outperform” rating for the company in a research report on Tuesday, August 13th. Wedbush set a $184.00 price objective on NVIDIA and gave the stock a “buy” rating in a research report on Friday, August 16th. Finally, Barclays decreased their price objective on NVIDIA from $180.00 to $170.00 and set an “overweight” rating for the company in a research report on Friday, August 16th. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-eight have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $189.50.

Shares of NVDA stock traded up $0.73 during trading hours on Thursday, reaching $171.96. 481,418 shares of the company’s stock were exchanged, compared to its average volume of 10,669,982. NVIDIA Co. has a 1 year low of $124.46 and a 1 year high of $292.76. The company has a market cap of $104.01 billion, a P/E ratio of 28.35, a price-to-earnings-growth ratio of 4.27 and a beta of 2.07. The company’s 50 day moving average is $163.83 and its two-hundred day moving average is $163.65. The company has a debt-to-equity ratio of 0.24, a current ratio of 8.65 and a quick ratio of 7.74.

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. NVIDIA had a return on equity of 24.40% and a net margin of 26.93%. The firm had revenue of $2.58 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same period last year, the business posted $1.94 EPS. NVIDIA’s quarterly revenue was down 17.4% on a year-over-year basis. As a group, analysts predict that NVIDIA Co. will post 4.08 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Thursday, August 29th will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 0.37%. The ex-dividend date is Wednesday, August 28th. NVIDIA’s payout ratio is currently 10.54%.

NVIDIA 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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