Vestor Capital LLC Decreases Position in NVIDIA Co. (NASDAQ:NVDA)

Vestor Capital LLC cut its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 97.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,560 shares of the computer hardware maker’s stock after selling 53,448 shares during the period. Vestor Capital LLC’s holdings in NVIDIA were worth $120,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Nordwand Advisors LLC bought a new position in shares of NVIDIA during the first quarter valued at approximately $28,000. Marquette Asset Management LLC bought a new position in shares of NVIDIA during the second quarter valued at approximately $34,000. Quarry LP bought a new position in shares of NVIDIA during the first quarter valued at approximately $34,000. Compass Wealth Management LLC bought a new position in shares of NVIDIA during the fourth quarter valued at approximately $39,000. Finally, MRP Capital Investments LLC bought a new position in shares of NVIDIA during the second quarter valued at approximately $42,000. 64.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at NVIDIA

In other news, Director Mark A. Stevens sold 21,500 shares of the company’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $468.08, for a total value of $10,063,720.00. Following the sale, the director now owns 1,030,786 shares in the company, valued at $482,490,310.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Jen Hsun Huang sold 29,688 shares of the company’s stock in a transaction dated 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 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 accessible through the SEC website. Also, Director Mark A. Stevens sold 21,500 shares of the 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 approximately $482,490,310.88. The disclosure for this sale can be found here. Insiders have sold 145,232 shares of company stock worth $67,606,089 over the last quarter. 3.99% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Bank of America upped their target price on NVIDIA from $550.00 to $650.00 and gave the company a “buy” rating in a research note on Thursday, August 24th. Susquehanna increased their price objective on NVIDIA from $575.00 to $600.00 and gave the stock a “positive” rating in a research note on Thursday, August 24th. Evercore ISI increased their price objective on NVIDIA to $600.00 in a research note on Thursday, August 24th. Oppenheimer increased their price objective on NVIDIA from $500.00 to $650.00 and gave the stock an “outperform” rating in a research note on Thursday, August 24th. Finally, Morgan Stanley dropped their price objective on NVIDIA from $630.00 to $600.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 18th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-two have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, NVIDIA has a consensus rating of “Moderate Buy” and an average target price of $571.49.

NVIDIA Stock Performance

Shares of NVDA stock opened at $504.09 on Tuesday. The firm has a market capitalization of $1.25 trillion, a price-to-earnings ratio of 121.76, a price-to-earnings-growth ratio of 3.80 and a beta of 1.69. 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 business has a fifty day moving average of $445.22 and a 200 day moving average of $425.77. NVIDIA Co. has a 1 year low of $138.84 and a 1 year high of $505.48.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, August 23rd. The computer hardware maker reported $2.70 EPS for the quarter, topping 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 firm had revenue of $13.51 billion for the quarter, compared to the consensus estimate of $11.19 billion. During the same quarter in the prior year, the business earned $0.32 earnings per share. The company’s revenue was up 101.5% compared to the same quarter last year. As a group, research analysts expect that NVIDIA Co. will post 9.66 earnings per share for the current year.

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 28th. Stockholders of record on Thursday, September 7th were paid a $0.04 dividend. The ex-dividend date 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%.

About NVIDIA

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.