Defender Capital LLC. Has $1.74 Million Holdings in NVIDIA Co. (NASDAQ:NVDA)

Defender Capital LLC. boosted its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 900.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,063 shares of the computer hardware maker’s stock after buying an additional 12,658 shares during the period. NVIDIA comprises 0.6% of Defender Capital LLC.’s investment portfolio, making the stock its 15th largest holding. Defender Capital LLC.’s holdings in NVIDIA were worth $1,737,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Panagora Asset Management Inc. grew its stake in NVIDIA by 942.7% during the 2nd quarter. Panagora Asset Management Inc. now owns 10,243,894 shares of the computer hardware maker’s stock valued at $1,265,531,000 after acquiring an additional 9,261,451 shares in the last quarter. Helios Capital Management PTE. Ltd. grew its stake in NVIDIA by 140.5% during the 2nd quarter. Helios Capital Management PTE. Ltd. now owns 19,000 shares of the computer hardware maker’s stock valued at $2,347,000 after acquiring an additional 11,100 shares in the last quarter. William Allan Corp bought a new stake in shares of NVIDIA in the 2nd quarter valued at approximately $269,000. Kelleher Financial Advisors grew its stake in shares of NVIDIA by 864.7% in the 2nd quarter. Kelleher Financial Advisors now owns 13,217 shares of the computer hardware maker’s stock valued at $1,633,000 after buying an additional 11,847 shares in the last quarter. Finally, Eos Management L.P. grew its stake in shares of NVIDIA by 900.0% in the 2nd quarter. Eos Management L.P. now owns 45,900 shares of the computer hardware maker’s stock valued at $5,670,000 after buying an additional 41,310 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Stock Performance

Shares of NASDAQ NVDA opened at $116.00 on Monday. The business has a fifty day simple moving average of $115.99 and a 200 day simple moving average of $107.24. The company has a current ratio of 4.27, a quick ratio of 3.79 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $2.85 trillion, a price-to-earnings ratio of 67.84, a PEG ratio of 1.06 and a beta of 1.67. NVIDIA Co. has a one year low of $39.23 and a one year high of $140.76.

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

NVIDIA Cuts Dividend

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

NVIDIA announced that its Board of Directors has approved a stock repurchase program on Wednesday, August 28th that allows the company to buyback $50.00 billion in outstanding shares. This buyback authorization allows the computer hardware maker to buy up to 1.6% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

Several equities research analysts recently commented on NVDA shares. JPMorgan Chase & Co. boosted their price target on NVIDIA from $115.00 to $155.00 and gave the company an “overweight” rating in a research note on Thursday, August 29th. William Blair started coverage on NVIDIA in a research note on Wednesday, September 18th. They issued an “outperform” rating for the company. UBS Group boosted their price target on NVIDIA from $120.00 to $150.00 and gave the company a “buy” rating in a research note on Monday, July 8th. Jefferies Financial Group boosted their price target on NVIDIA from $135.00 to $150.00 and gave the company a “buy” rating in a research note on Monday, June 24th. Finally, Loop Capital reissued a “buy” rating and issued a $175.00 price target on shares of NVIDIA in a research note on Monday, August 26th. Five research analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $142.10.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, EVP Ajay K. Puri sold 100,110 shares of the company’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of $130.10, for a total value of $13,024,311.00. Following the sale, the executive vice president now directly owns 3,939,350 shares in the company, valued at $512,509,435. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of the company’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $116.51, for a total value of $524,295.00. Following the sale, the insider now directly owns 492,409 shares in the company, valued at $57,370,572.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ajay K. Puri sold 100,110 shares of the stock in a transaction on Friday, July 12th. The stock was sold at an average price of $130.10, for a total value of $13,024,311.00. Following the sale, the executive vice president now owns 3,939,350 shares in the company, valued at approximately $512,509,435. The disclosure for this sale can be found here. Insiders have sold 3,472,303 shares of company stock worth $417,461,507 over the last three months. Company insiders own 4.23% of the company’s stock.

NVIDIA Profile

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.