Alan B Lancz & Associates Inc. lessened its position in shares of NVIDIA Co. (NASDAQ:NVDA – Free Report) by 18.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,354 shares of the computer hardware maker’s stock after selling 550 shares during the quarter. NVIDIA makes up about 1.1% of Alan B Lancz & Associates Inc.’s holdings, making the stock its 20th largest position. Alan B Lancz & Associates Inc.’s holdings in NVIDIA were worth $996,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in NVDA. Nordwand Advisors LLC acquired a new position in shares of NVIDIA during the 1st quarter worth $28,000. Marquette Asset Management LLC acquired a new position in NVIDIA in the 2nd quarter valued at about $34,000. Quarry LP acquired a new position in NVIDIA in the 1st quarter valued at about $34,000. Compass Wealth Management LLC acquired a new position in NVIDIA in the 4th quarter valued at about $39,000. Finally, MRP Capital Investments LLC acquired a new position in NVIDIA in the 2nd quarter valued at about $42,000. Institutional investors and hedge funds own 64.79% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on NVDA shares. Morgan Stanley cut their target price on shares of NVIDIA from $630.00 to $600.00 and set an “overweight” rating for the company in a research note on Wednesday, October 18th. Phillip Securities upgraded NVIDIA from an “accumulate” rating to a “buy” rating in a report on Monday, August 28th. Susquehanna lifted their price target on NVIDIA from $575.00 to $600.00 and gave the company a “positive” rating in a report on Thursday, August 24th. Stifel Nicolaus restated a “buy” rating and issued a $600.00 price target on shares of NVIDIA in a report on Friday. Finally, Bank of America lifted their price target on NVIDIA from $550.00 to $650.00 and gave the company a “buy” rating in a report on Thursday, August 24th. One research analyst has rated the stock with a sell rating, two have given a hold rating, thirty-two have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $571.49.
NVIDIA Price Performance
Shares of NVDA opened at $504.09 on Tuesday. The company has a market cap of $1.25 trillion, a P/E ratio of 121.76, a PEG ratio of 3.80 and a beta of 1.69. The stock has a fifty day moving average price of $445.22 and a 200 day moving average price of $425.77. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.79 and a quick ratio of 2.37. NVIDIA Co. has a 12 month low of $138.84 and a 12 month high of $505.48.
NVIDIA (NASDAQ:NVDA – Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $13.51 billion during the quarter, compared to the consensus estimate of $11.19 billion. During the same period in the prior year, the business earned $0.32 EPS. The firm’s revenue was up 101.5% on a year-over-year basis. On average, research analysts forecast that NVIDIA Co. will post 9.66 earnings per share for the current year.
NVIDIA Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 28th. Stockholders of record on Thursday, September 7th were paid a $0.04 dividend. The ex-dividend date was Wednesday, September 6th. This represents a $0.16 annualized dividend and a dividend yield of 0.03%. NVIDIA’s payout ratio is 3.86%.
Insider Transactions at NVIDIA
In other news, CEO Jen Hsun Huang sold 29,688 shares of the stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $454.01, for a total value of $13,478,648.88. Following the completion of the transaction, the chief executive officer now owns 7,918,875 shares of the company’s stock, valued at $3,595,248,438.75. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CFO Colette Kress sold 4,980 shares of the company’s 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 completion of the sale, the chief financial officer now directly owns 499,428 shares of the company’s stock, valued at $230,106,456.72. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jen Hsun Huang sold 29,688 shares of the company’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $454.01, for a total value of $13,478,648.88. Following the sale, the chief executive officer now directly owns 7,918,875 shares of the company’s stock, valued at $3,595,248,438.75. The disclosure for this sale can be found here. Over the last quarter, insiders sold 145,232 shares of company stock valued at $67,606,089. 3.99% of the stock is currently owned by corporate insiders.
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.
- Five stocks we like better than NVIDIA
- How to Calculate Inflation Rate
- Advanced Auto Parts may be worth more in pieces than the whole
- Space Investment: How to Invest in Space Exploration
- The Trade Desk train returns to the station
- Where to Find Earnings Call Transcripts
- 2 low priced AdTech stocks to ride the advertising rebound
Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.com's FREE daily email newsletter.