NVIDIA Co. (NASDAQ:NVDA) Shares Purchased by Sunbelt Securities Inc.

Sunbelt Securities Inc. boosted its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 898.6% in the second quarter, Holdings Channel.com reports. The fund owned 353,704 shares of the computer hardware maker’s stock after buying an additional 318,284 shares during the quarter. NVIDIA comprises 4.5% of Sunbelt Securities Inc.’s holdings, making the stock its largest holding. Sunbelt Securities Inc.’s holdings in NVIDIA were worth $43,697,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Front Row Advisors LLC grew its holdings in NVIDIA by 804.6% during the 2nd quarter. Front Row Advisors LLC now owns 297,440 shares of the computer hardware maker’s stock worth $36,746,000 after acquiring an additional 264,559 shares during the period. Coastal Bridge Advisors LLC grew its holdings in NVIDIA by 1,012.6% during the 2nd quarter. Coastal Bridge Advisors LLC now owns 19,070 shares of the computer hardware maker’s stock worth $2,356,000 after acquiring an additional 17,356 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in NVIDIA by 874.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,022,223 shares of the computer hardware maker’s stock worth $620,453,000 after acquiring an additional 4,507,007 shares during the period. NewEdge Advisors LLC grew its holdings in NVIDIA by 1,179.9% during the 2nd quarter. NewEdge Advisors LLC now owns 3,275,422 shares of the computer hardware maker’s stock worth $372,781,000 after acquiring an additional 3,019,514 shares during the period. Finally, Ascension Asset Management LLC grew its holdings in NVIDIA by 842.7% during the 2nd quarter. Ascension Asset Management LLC now owns 173,450 shares of the computer hardware maker’s stock worth $21,428,000 after acquiring an additional 155,050 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 155,000 shares of the stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $132.27, for a total value of $20,501,850.00. Following the transaction, the director now directly owns 8,100,117 shares of the company’s stock, valued at $1,071,402,475.59. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other NVIDIA news, Director Mark A. Stevens sold 155,000 shares of the stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $132.27, for a total value of $20,501,850.00. Following the transaction, the director now directly owns 8,100,117 shares of the company’s stock, valued at $1,071,402,475.59. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jen Hsun Huang sold 120,000 shares of the stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $103.85, for a total transaction of $12,462,000.00. Following the completion of the transaction, the chief executive officer now directly owns 76,854,995 shares in the company, valued at approximately $7,981,391,230.75. This 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 2,516,270 shares of company stock valued at $291,803,127 in the last three months. 4.23% of the stock is currently owned by company insiders.

Analyst Ratings Changes

NVDA has been the subject of a number of analyst reports. New Street Research raised shares of NVIDIA from a “neutral” rating to a “buy” rating and set a $120.00 target price for the company in a report on Tuesday, August 6th. Wedbush reissued an “outperform” rating and issued a $138.00 price target on shares of NVIDIA in a report on Thursday, August 29th. Sanford C. Bernstein boosted their price target on shares of NVIDIA from $130.00 to $155.00 and gave the company an “outperform” rating in a report on Thursday, August 29th. Mizuho boosted their price target on shares of NVIDIA from $132.00 to $140.00 and gave the company an “outperform” rating in a report on Thursday, August 29th. Finally, HSBC boosted their price target on shares of NVIDIA from $135.00 to $145.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. Five research analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, NVIDIA currently has a consensus rating of “Moderate Buy” and an average price target of $143.07.

NVIDIA Stock Down 4.7 %

Shares of NVDA stock opened at $132.76 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. The firm’s 50-day moving average is $125.13 and its 200-day moving average is $115.47. The stock has a market cap of $3.26 trillion, a price-to-earnings ratio of 62.33, a PEG ratio of 1.50 and a beta of 1.67. NVIDIA Co. has a 52-week low of $39.23 and a 52-week high of $144.42.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, August 28th. The computer hardware maker reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.04. The company had revenue of $30.04 billion for the quarter, compared to analysts’ expectations of $28.74 billion. NVIDIA had a net margin of 55.04% and a return on equity of 113.50%. NVIDIA’s quarterly revenue was up 122.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.25 EPS. Sell-side analysts predict that NVIDIA Co. will post 2.65 EPS for the current year.

NVIDIA declared that its board has authorized a stock buyback plan on Wednesday, August 28th that authorizes the company to repurchase $50.00 billion in outstanding shares. This repurchase authorization authorizes the computer hardware maker to repurchase up to 1.6% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

NVIDIA Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Thursday, September 12th were issued a $0.01 dividend. The ex-dividend date was Thursday, September 12th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA’s dividend payout ratio is currently 1.88%.

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.