RS Crum Inc. bought a new stake in NVIDIA Co. (NASDAQ:NVDA – Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,055 shares of the computer hardware maker’s stock, valued at approximately $446,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bank Julius Baer & Co. Ltd Zurich raised its holdings in shares of NVIDIA by 84,165.9% during the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,389,779,605 shares of the computer hardware maker’s stock valued at $587,904,569,000 after buying an additional 1,388,130,327 shares during the last quarter. Norges Bank bought a new stake in shares of NVIDIA during the fourth quarter valued at approximately $3,900,874,000. Moneta Group Investment Advisors LLC raised its holdings in NVIDIA by 160,446.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 19,586,643 shares of the computer hardware maker’s stock worth $2,862,392,000 after purchasing an additional 19,574,443 shares in the last quarter. GQG Partners LLC bought a new stake in NVIDIA during the first quarter worth approximately $2,290,856,000. Finally, Morgan Stanley raised its holdings in NVIDIA by 20.2% during the fourth quarter. Morgan Stanley now owns 27,533,756 shares of the computer hardware maker’s stock worth $4,023,783,000 after purchasing an additional 4,621,002 shares in the last quarter. 64.79% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at NVIDIA
In other news, CEO Jen Hsun Huang sold 29,688 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $448.99, for a total transaction of $13,329,615.12. Following the transaction, the chief executive officer now directly owns 7,918,875 shares of the company’s stock, valued at $3,555,495,686.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Mark A. Stevens sold 21,500 shares of NVIDIA stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $468.08, for a total value of $10,063,720.00. Following the transaction, the director now directly owns 1,030,786 shares of the company’s stock, valued at $482,490,310.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jen Hsun Huang sold 29,688 shares of NVIDIA stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $448.99, for a total transaction of $13,329,615.12. Following the completion of the transaction, the chief executive officer now directly owns 7,918,875 shares in the company, valued at $3,555,495,686.25. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 145,232 shares of company stock valued at $67,606,089. 3.99% of the stock is currently owned by company insiders.
NVIDIA Stock Performance
NVIDIA (NASDAQ:NVDA – Get Free Report) last issued its quarterly earnings data on Wednesday, August 23rd. The computer hardware maker reported $2.70 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 31.59% and a return on equity of 45.50%. The business’s revenue for the quarter was up 101.5% compared to the same quarter last year. During the same period last year, the business posted $0.32 earnings per share. Equities analysts expect that NVIDIA Co. will post 9.66 EPS for the current fiscal year.
NVIDIA Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 28th. Stockholders of record on Thursday, September 7th were issued a dividend of $0.04 per share. The ex-dividend date was Wednesday, September 6th. This represents a $0.16 annualized dividend and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio is presently 3.86%.
Analyst Upgrades and Downgrades
Several brokerages recently commented on NVDA. Westpark Capital raised NVIDIA from a “hold” rating to a “buy” rating and set a $690.00 target price on the stock in a report on Thursday, August 24th. Phillip Securities upgraded shares of NVIDIA from an “accumulate” rating to a “buy” rating in a research report on Monday, August 28th. Truist Financial lifted their price target on shares of NVIDIA from $545.00 to $668.00 and gave the stock a “buy” rating in a research report on Thursday, August 24th. Robert W. Baird lifted their price target on shares of NVIDIA from $570.00 to $750.00 and gave the stock an “outperform” rating in a research report on Thursday, August 24th. Finally, The Goldman Sachs Group upgraded shares of NVIDIA from a “buy” rating to a “conviction-buy” rating in a research report on Monday, October 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-two have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $571.49.
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.
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