Roman Butler Fullerton & Co. raised its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 3.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 117,443 shares of the computer hardware maker’s stock after acquiring an additional 4,071 shares during the quarter. NVIDIA makes up approximately 6.0% of Roman Butler Fullerton & Co.’s holdings, making the stock its biggest position. Roman Butler Fullerton & Co.’s holdings in NVIDIA were worth $20,376,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Harbor Asset Planning Inc. bought a new stake in NVIDIA during the 2nd quarter worth about $28,000. Legend Financial Advisors Inc. acquired a new stake in shares of NVIDIA in the second quarter valued at about $55,000. Kathleen S. Wright Associates Inc. raised its holdings in NVIDIA by 169.3% during the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock worth $44,000 after acquiring an additional 254 shares in the last quarter. Westend Capital Management LLC boosted its position in NVIDIA by 46.8% during the second quarter. Westend Capital Management LLC now owns 455 shares of the computer hardware maker’s stock valued at $72,000 after purchasing an additional 145 shares during the last quarter. Finally, Barnes Dennig Private Wealth Management LLC bought a new position in NVIDIA in the first quarter valued at approximately $51,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.
NVIDIA Stock Performance
NVDA stock opened at $186.60 on Tuesday. The firm has a market cap of $4.53 trillion, a PE ratio of 53.16, a price-to-earnings-growth ratio of 1.49 and a beta of 2.11. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. The stock has a 50-day moving average price of $185.97 and a 200-day moving average price of $166.88. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $212.19.
NVIDIA Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th were issued a $0.01 dividend. The ex-dividend date was Thursday, September 11th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA’s dividend payout ratio is presently 1.14%.
Insider Buying and Selling at NVIDIA
In other NVIDIA news, CFO Colette Kress sold 27,640 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $208.33, for a total transaction of $5,758,241.20. Following the completion of the sale, the chief financial officer owned 2,828,122 shares in the company, valued at approximately $589,182,656.26. The trade was a 0.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jen Hsun Huang sold 25,000 shares of the business’s stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $207.91, for a total transaction of $5,197,750.00. Following the sale, the chief executive officer directly owned 69,733,203 shares of the company’s stock, valued at approximately $14,498,230,235.73. The trade was a 0.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 3,251,577 shares of company stock valued at $583,143,187. 4.17% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on NVDA. Craig Hallum upped their price objective on NVIDIA from $195.00 to $245.00 and gave the stock a “buy” rating in a research note on Thursday, August 28th. DA Davidson set a $250.00 price target on shares of NVIDIA and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Melius Research set a $300.00 price target on shares of NVIDIA in a research note on Wednesday, October 29th. Benchmark boosted their price objective on shares of NVIDIA from $190.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, August 28th. Finally, Sanford C. Bernstein reiterated a “buy” rating on shares of NVIDIA in a research note on Tuesday, September 23rd. Five equities research analysts have rated the stock with a Strong Buy rating, forty have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, NVIDIA has an average rating of “Buy” and an average price target of $239.30.
Get Our Latest Stock Analysis on NVDA
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.
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