Altfest L J & Co. Inc. Has $1.13 Million Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Altfest L J & Co. Inc. cut its holdings in NVIDIA Co. (NASDAQ:NVDA) by 15.3% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 2,664 shares of the computer hardware maker’s stock after selling 483 shares during the quarter. Altfest L J & Co. Inc.’s holdings in NVIDIA were worth $1,127,000 at the end of the most recent reporting period.

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

Insider Activity

In other news, CEO Jen Hsun Huang sold 29,688 shares of the business’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $454.01, for a total transaction 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 approximately $3,595,248,438.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Mark A. Stevens sold 21,500 shares of the business’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $468.08, for a total transaction of $10,063,720.00. Following the completion of the transaction, the director now owns 1,030,786 shares of the company’s stock, valued at approximately $482,490,310.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jen Hsun Huang sold 29,688 shares of the business’s 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 transaction, the chief executive officer now directly owns 7,918,875 shares of the company’s stock, valued at approximately $3,595,248,438.75. The disclosure for this sale can be found here. In the last three months, insiders sold 145,232 shares of company stock worth $67,606,089. 3.99% of the stock is currently owned by company insiders.

NVIDIA Stock Performance

NASDAQ:NVDA opened at $492.98 on Monday. The stock has a fifty day moving average price of $444.17 and a 200-day moving average price of $424.16. The company has a market cap of $1.22 trillion, a price-to-earnings ratio of 119.08, a PEG ratio of 3.80 and a beta of 1.69. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.37 and a current ratio of 2.79. NVIDIA Co. has a fifty-two week low of $138.84 and a fifty-two week high of $502.66.

NVIDIA (NASDAQ:NVDA) last released its 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. The firm had revenue of $13.51 billion during the quarter, compared to the consensus estimate of $11.19 billion. NVIDIA had a return on equity of 45.50% and a net margin of 31.59%. The company’s revenue was up 101.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.32 EPS. As a group, equities analysts anticipate that NVIDIA Co. will post 9.66 EPS for the current fiscal year.

NVIDIA Announces Dividend

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

Wall Street Analyst Weigh In

NVDA has been the topic of a number of recent research reports. BMO Capital Markets lifted their target price on NVIDIA from $450.00 to $550.00 and gave the company an “outperform” rating in a research report on Monday, August 21st. Robert W. Baird lifted their target price on NVIDIA from $570.00 to $750.00 and gave the company an “outperform” rating in a research report on Thursday, August 24th. Westpark Capital raised NVIDIA from a “hold” rating to a “buy” rating and set a $690.00 target price on the stock in a research report on Thursday, August 24th. BNP Paribas raised NVIDIA from a “neutral” rating to an “outperform” rating and set a $745.00 price target on the stock in a research report on Thursday, August 24th. Finally, StockNews.com started coverage on NVIDIA in a research report on Thursday, October 5th. They set a “hold” rating on the stock. One equities 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $571.49.

NVIDIA Company 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.