Goepper Burkhardt LLC Acquires 9,840 Shares of NVIDIA Co. (NASDAQ:NVDA)

Goepper Burkhardt LLC boosted its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 925.7% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 10,903 shares of the computer hardware maker’s stock after buying an additional 9,840 shares during the quarter. NVIDIA accounts for approximately 0.6% of Goepper Burkhardt LLC’s portfolio, making the stock its 26th biggest holding. Goepper Burkhardt LLC’s holdings in NVIDIA were worth $1,347,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NVDA. Epoch Investment Partners Inc. boosted its position in shares of NVIDIA by 4,893.0% in the second quarter. Epoch Investment Partners Inc. now owns 363,639 shares of the computer hardware maker’s stock worth $44,924,000 after purchasing an additional 356,356 shares during the period. 1832 Asset Management L.P. increased its stake in NVIDIA by 592.8% in the 2nd quarter. 1832 Asset Management L.P. now owns 6,631,396 shares of the computer hardware maker’s stock worth $819,243,000 after buying an additional 5,674,201 shares in the last quarter. Bridgewealth Advisory Group LLC lifted its position in shares of NVIDIA by 1,067.1% in the second quarter. Bridgewealth Advisory Group LLC now owns 13,060 shares of the computer hardware maker’s stock valued at $1,613,000 after acquiring an additional 11,941 shares in the last quarter. Quest Investment Management LLC grew its position in shares of NVIDIA by 831.9% during the second quarter. Quest Investment Management LLC now owns 496,167 shares of the computer hardware maker’s stock worth $61,296,000 after purchasing an additional 442,924 shares in the last quarter. Finally, Frank Rimerman Advisors LLC lifted its holdings in NVIDIA by 3,229.3% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 580,260 shares of the computer hardware maker’s stock worth $71,685,000 after purchasing an additional 562,831 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Mizuho upped their target price on shares of NVIDIA from $132.00 to $140.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. Truist Financial raised their price objective on NVIDIA from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Tuesday, August 27th. Rosenblatt Securities reissued a “buy” rating and set a $200.00 price target on shares of NVIDIA in a research note on Thursday, August 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $100.00 price objective on shares of NVIDIA in a research note on Monday, August 5th. Finally, DA Davidson restated a “neutral” rating and issued a $90.00 price target on shares of NVIDIA in a research report on Thursday, August 29th. Five equities research analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $143.07.

Insider Activity at NVIDIA

In related news, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $116.51, for a total value of $524,295.00. Following the completion of the transaction, the insider now directly owns 492,409 shares of the company’s stock, valued at $57,370,572.59. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Donald F. Robertson, Jr. sold 4,500 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $116.51, for a total value of $524,295.00. Following the completion of the sale, the insider now directly owns 492,409 shares of the company’s stock, valued at approximately $57,370,572.59. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jen Hsun Huang sold 120,000 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $99.81, for a total value of $11,977,200.00. Following the completion of the sale, the chief executive officer now owns 77,094,995 shares of the company’s stock, valued at $7,694,851,450.95. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,636,270 shares of company stock worth $305,367,927 in the last ninety days. 4.23% of the stock is owned by insiders.

NVIDIA Trading Up 0.8 %

Shares of NVDA opened at $141.54 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 3.79 and a current ratio of 4.27. NVIDIA Co. has a one year low of $39.23 and a one year high of $144.42. The stock has a 50-day moving average price of $123.91 and a 200 day moving average price of $113.68. The company has a market capitalization of $3.48 trillion, a P/E ratio of 82.77, a P/E/G ratio of 1.52 and a beta of 1.67.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, August 28th. The computer hardware maker reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.04. The company had revenue of $30.04 billion for the quarter, compared to the consensus estimate of $28.74 billion. NVIDIA had a return on equity of 113.50% and a net margin of 55.04%. NVIDIA’s quarterly revenue was up 122.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.25 EPS. Sell-side analysts forecast that NVIDIA Co. will post 2.65 EPS for the current fiscal year.

NVIDIA Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Thursday, September 12th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date was Thursday, September 12th. NVIDIA’s dividend payout ratio is presently 2.34%.

NVIDIA declared that its board has authorized a stock buyback plan on Wednesday, August 28th that allows the company to buyback $50.00 billion in shares. This buyback authorization allows the computer hardware maker to buy up to 1.6% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

NVIDIA Profile

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.