Gilder Gagnon Howe & Co. LLC boosted its position in NVIDIA Co. (NASDAQ:NVDA) by 1.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 178,804 shares of the computer hardware maker’s stock after purchasing an additional 1,757 shares during the quarter. Gilder Gagnon Howe & Co. LLC’s holdings in NVIDIA were worth $67,929,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hoover Financial Advisors Inc. bought a new stake in NVIDIA during the second quarter valued at approximately $32,000. Horan Securities Inc. purchased a new position in NVIDIA during the first quarter valued at approximately $33,000. Ellevest Inc. lifted its holdings in shares of NVIDIA by 256.7% in the second quarter. Ellevest Inc. now owns 107 shares of the computer hardware maker’s stock worth $41,000 after buying an additional 77 shares in the last quarter. Blue Bell Private Wealth Management LLC purchased a new position in shares of NVIDIA in the second quarter worth $50,000. Finally, Campbell Wealth Management purchased a new position in shares of NVIDIA in the second quarter worth $55,000. Institutional investors and hedge funds own 68.11% of the company’s stock.
Several equities analysts have recently commented on NVDA shares. Deutsche Bank boosted their target price on shares of NVIDIA from $405.00 to $450.00 and gave the stock a “hold” rating in a report on Thursday, August 20th. Royal Bank of Canada upped their price target on shares of NVIDIA from $528.00 to $610.00 and gave the company an “outperform” rating in a research note on Wednesday. UBS Group upped their price target on shares of NVIDIA from $330.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, May 22nd. Morgan Stanley boosted their price objective on shares of NVIDIA from $380.00 to $507.00 and gave the company an “equal weight” rating in a research report on Thursday, August 20th. They noted that the move was a valuation call. Finally, SunTrust Banks boosted their price objective on shares of NVIDIA from $327.00 to $384.00 and gave the company a “buy” rating in a research report on Friday, May 22nd. Four analysts have rated the stock with a sell rating, six have issued a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $495.97.
In other NVIDIA news, EVP Ajay K. Puri sold 13,349 shares of the stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $360.26, for a total transaction of $4,809,110.74. Following the completion of the sale, the executive vice president now directly owns 68,046 shares of the company’s stock, valued at $24,514,251.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mark A. Stevens sold 18,166 shares of the stock in a transaction dated Friday, June 19th. The shares were sold at an average price of $372.21, for a total transaction of $6,761,566.86. Following the sale, the director now directly owns 161,257 shares of the company’s stock, valued at $60,021,467.97. The disclosure for this sale can be found here. Over the last three months, insiders have sold 361,722 shares of company stock valued at $157,249,535. Insiders own 4.47% of the company’s stock.
NVIDIA stock traded down $15.72 during midday trading on Friday, hitting $504.90. 36,553,160 shares of the company’s stock were exchanged, compared to its average volume of 13,483,514. The company has a debt-to-equity ratio of 0.50, a quick ratio of 5.51 and a current ratio of 6.09. NVIDIA Co. has a 12 month low of $169.32 and a 12 month high of $589.07. The firm has a 50-day moving average of $459.65 and a two-hundred day moving average of $347.05. The company has a market cap of $311.52 billion, a PE ratio of 92.81, a P/E/G ratio of 4.09 and a beta of 1.53.
NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, August 19th. The computer hardware maker reported $2.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.97 by $0.21. NVIDIA had a net margin of 25.93% and a return on equity of 30.41%. The company had revenue of $3.87 billion for the quarter, compared to analysts’ expectations of $3.66 billion. During the same period in the prior year, the business earned $1.24 EPS. The firm’s quarterly revenue was up 50.1% on a year-over-year basis. As a group, equities analysts expect that NVIDIA Co. will post 6.84 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Wednesday, September 2nd will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 0.13%. The ex-dividend date of this dividend is Tuesday, September 1st. NVIDIA’s payout ratio is 13.94%.
NVIDIA Company Profile
NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. The GPU segment comprises of product brands which aims specialized markets including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.
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