NVIDIA Co. (NASDAQ:NVDA) Shares Acquired by Capital Insight Partners LLC

Capital Insight Partners LLC boosted its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 1,524.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 50,718 shares of the computer hardware maker’s stock after purchasing an additional 47,596 shares during the quarter. NVIDIA makes up approximately 1.2% of Capital Insight Partners LLC’s holdings, making the stock its 25th largest holding. Capital Insight Partners LLC’s holdings in NVIDIA were worth $6,266,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in NVDA. McAdam LLC increased its position in shares of NVIDIA by 945.0% in the 2nd quarter. McAdam LLC now owns 84,614 shares of the computer hardware maker’s stock worth $10,453,000 after purchasing an additional 76,517 shares during the last quarter. Argent Capital Management LLC increased its holdings in NVIDIA by 900.0% in the second quarter. Argent Capital Management LLC now owns 66,650 shares of the computer hardware maker’s stock valued at $8,234,000 after buying an additional 59,985 shares during the last quarter. LRI Investments LLC raised its stake in NVIDIA by 2,237.8% during the second quarter. LRI Investments LLC now owns 68,592 shares of the computer hardware maker’s stock valued at $8,474,000 after buying an additional 65,658 shares in the last quarter. Gilliland Jeter Wealth Management LLC lifted its holdings in NVIDIA by 898.1% during the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 154,022 shares of the computer hardware maker’s stock worth $19,028,000 after buying an additional 138,591 shares during the last quarter. Finally, EdgeRock Capital LLC grew its position in shares of NVIDIA by 1,037.9% in the 2nd quarter. EdgeRock Capital LLC now owns 30,144 shares of the computer hardware maker’s stock worth $3,724,000 after acquiring an additional 27,495 shares in the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other NVIDIA news, Director Mark A. Stevens sold 385,000 shares of the stock in a transaction that occurred on Tuesday, July 9th. The shares were sold at an average price of $130.74, for a total value of $50,334,900.00. Following the completion of the sale, the director now owns 9,141,240 shares in the company, valued at approximately $1,195,125,717.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other NVIDIA news, CEO Jen Hsun Huang sold 120,000 shares of NVIDIA stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $135.87, for a total value of $16,304,400.00. Following the completion of the sale, the chief executive officer now directly owns 80,814,995 shares in the company, valued at $10,980,333,370.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark A. Stevens sold 385,000 shares of the stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $130.74, for a total transaction of $50,334,900.00. Following the transaction, the director now owns 9,141,240 shares in the company, valued at approximately $1,195,125,717.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,845,633 shares of company stock worth $465,330,122. 4.23% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

NVDA has been the topic of several research analyst reports. Citigroup raised their price objective on NVIDIA from $126.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, June 26th. Sanford C. Bernstein lifted their price target on shares of NVIDIA from $130.00 to $155.00 and gave the company an “outperform” rating in a report on Thursday, August 29th. Cantor Fitzgerald reiterated an “overweight” rating and set a $175.00 price objective on shares of NVIDIA in a research note on Thursday, August 29th. Needham & Company LLC lifted their target price on NVIDIA from $120.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $100.00 price target on shares of NVIDIA in a research report on Monday, August 5th. Five equities research analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $142.10.

NVIDIA Price Performance

NASDAQ NVDA opened at $119.10 on Friday. The company has a current ratio of 4.27, a quick ratio of 3.79 and a debt-to-equity ratio of 0.15. NVIDIA Co. has a 1 year low of $39.23 and a 1 year high of $140.76. The company has a market cap of $2.93 trillion, a PE ratio of 69.65, a PEG ratio of 1.06 and a beta of 1.67. The stock’s 50-day moving average price is $117.42 and its two-hundred day moving average price is $105.93.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, August 28th. The computer hardware maker reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.04. NVIDIA had a net margin of 55.04% and a return on equity of 113.50%. The firm had revenue of $30.04 billion during the quarter, compared to analyst estimates of $28.74 billion. During the same quarter last year, the business posted $0.25 EPS. The company’s revenue was up 122.4% on a year-over-year basis. On average, analysts predict that NVIDIA Co. will post 2.64 EPS for the current year.

NVIDIA declared that its board has authorized a stock buyback plan on Wednesday, August 28th that authorizes the company to buyback $50.00 billion in outstanding shares. This buyback authorization authorizes the computer hardware maker to repurchase up to 1.6% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

NVIDIA Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Thursday, September 12th will be paid a dividend of $0.01 per share. The ex-dividend date is Thursday, September 12th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is presently 2.34%.

About NVIDIA

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The 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; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.