Oder Investment Management LLC Sells 55 Shares of NVIDIA Co. (NASDAQ:NVDA)

Oder Investment Management LLC decreased its position in NVIDIA Co. (NASDAQ:NVDA) by 4.5% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 1,166 shares of the computer hardware maker’s stock after selling 55 shares during the period. Oder Investment Management LLC’s holdings in NVIDIA were worth $493,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the stock. Lineweaver Wealth Advisors LLC lifted its holdings in shares of NVIDIA by 0.9% in the 2nd quarter. Lineweaver Wealth Advisors LLC now owns 2,432 shares of the computer hardware maker’s stock valued at $1,029,000 after buying an additional 22 shares during the period. BCM Advisors LLC raised its holdings in NVIDIA by 0.8% in the 2nd quarter. BCM Advisors LLC now owns 3,023 shares of the computer hardware maker’s stock worth $1,390,000 after purchasing an additional 23 shares during the period. Von Berge Wealth Management Group LLC raised its holdings in NVIDIA by 2.6% in the 2nd quarter. Von Berge Wealth Management Group LLC now owns 930 shares of the computer hardware maker’s stock worth $393,000 after purchasing an additional 24 shares during the period. LWM Advisory Services LLC raised its holdings in NVIDIA by 1.2% in the 2nd quarter. LWM Advisory Services LLC now owns 2,018 shares of the computer hardware maker’s stock worth $855,000 after purchasing an additional 24 shares during the period. Finally, Kapstone Financial Advisors LLC raised its holdings in NVIDIA by 1.7% in the 2nd quarter. Kapstone Financial Advisors LLC now owns 1,436 shares of the computer hardware maker’s stock worth $668,000 after purchasing an additional 24 shares during the period. Institutional investors and hedge funds own 64.79% of the company’s stock.

NVIDIA Stock Up 2.3 %

NVIDIA stock opened at $504.09 on Tuesday. NVIDIA Co. has a 1-year low of $138.84 and a 1-year high of $505.48. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.79 and a quick ratio of 2.37. The stock has a market cap of $1.25 trillion, a PE ratio of 121.76, a P/E/G ratio of 3.80 and a beta of 1.69. The stock’s fifty day moving average is $445.22 and its two-hundred day moving average is $425.77.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, August 23rd. The computer hardware maker reported $2.70 earnings per share for the quarter, beating 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 company had revenue of $13.51 billion for the quarter, compared to analysts’ expectations of $11.19 billion. During the same period last year, the firm earned $0.32 earnings per share. NVIDIA’s quarterly revenue was up 101.5% on a year-over-year basis. On average, sell-side analysts expect that NVIDIA Co. will post 9.66 EPS for the current fiscal year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 28th. Shareholders of record on Thursday, September 7th were issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.03%. The ex-dividend date of this dividend was Wednesday, September 6th. NVIDIA’s payout ratio is 3.86%.

Insiders Place Their Bets

In other NVIDIA news, CEO Jen Hsun Huang sold 29,688 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $471.55, for a total transaction of $13,999,376.40. Following the transaction, the chief executive officer now owns 7,800,125 shares of the company’s stock, valued at $3,678,148,943.75. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO Jen Hsun Huang sold 29,688 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $471.55, for a total transaction of $13,999,376.40. Following the transaction, the chief executive officer now owns 7,800,125 shares of the company’s stock, valued at $3,678,148,943.75. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Colette Kress sold 4,980 shares of the firm’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $460.74, for a total value of $2,294,485.20. Following the transaction, the chief financial officer now directly owns 499,428 shares in the company, valued at approximately $230,106,456.72. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 145,232 shares of company stock valued at $67,606,089. 3.99% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on NVDA shares. Benchmark upped their price target on NVIDIA from $475.00 to $625.00 and gave the stock a “buy” rating in a report on Thursday, August 24th. Piper Sandler reiterated an “overweight” rating and set a $620.00 price objective on shares of NVIDIA in a research note on Friday. Mizuho boosted their price objective on NVIDIA from $530.00 to $590.00 and gave the stock a “buy” rating in a research note on Thursday, August 24th. Argus boosted their price objective on NVIDIA from $450.00 to $600.00 and gave the stock a “buy” rating in a research note on Thursday, August 24th. Finally, BMO Capital Markets boosted their price objective on NVIDIA from $450.00 to $550.00 and gave the stock an “outperform” rating in a research note on Monday, August 21st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-two have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $571.49.

NVIDIA 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.