NVIDIA Co. (NASDAQ:NVDA) Holdings Boosted by Claro Advisors LLC

Claro Advisors LLC raised its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 903.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 101,911 shares of the computer hardware maker’s stock after acquiring an additional 91,759 shares during the quarter. NVIDIA makes up about 2.0% of Claro Advisors LLC’s investment portfolio, making the stock its 8th biggest position. Claro Advisors LLC’s holdings in NVIDIA were worth $12,590,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Lowe Wealth Advisors LLC purchased a new position in NVIDIA during the 2nd quarter worth $25,000. DHJJ Financial Advisors Ltd. boosted its holdings in NVIDIA by 1,900.0% in the second quarter. DHJJ Financial Advisors Ltd. now owns 200 shares of the computer hardware maker’s stock worth $25,000 after acquiring an additional 190 shares in the last quarter. FPC Investment Advisory Inc. acquired a new position in NVIDIA during the 1st quarter valued at approximately $26,000. CGC Financial Services LLC acquired a new stake in NVIDIA during the 2nd quarter worth about $26,000. Finally, Koesten Hirschmann & Crabtree INC. purchased a new position in NVIDIA during the 1st quarter worth approximately $27,000. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Jen Hsun Huang sold 120,000 shares of the business’s stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $127.14, for a total transaction of $15,256,800.00. Following the completion of the transaction, the chief executive officer now owns 79,614,995 shares in the company, valued at approximately $10,122,250,464.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Mark A. Stevens sold 385,000 shares of the company’s stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $130.74, for a total value of $50,334,900.00. Following the completion of the sale, the director now owns 9,141,240 shares of the company’s stock, valued at $1,195,125,717.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jen Hsun Huang sold 120,000 shares of the stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $127.14, for a total transaction of $15,256,800.00. Following the completion of the transaction, the chief executive officer now owns 79,614,995 shares of the company’s stock, valued at $10,122,250,464.30. The disclosure for this sale can be found here. Insiders have sold 4,277,403 shares of company stock worth $512,029,184 over the last ninety days. 4.23% of the stock is owned by insiders.

NVIDIA Stock Down 2.1 %

NASDAQ NVDA opened at $121.40 on Monday. The business has a 50 day moving average price of $115.88 and a two-hundred day moving average price of $108.35. The stock has a market cap of $2.99 trillion, a PE ratio of 70.99, a P/E/G ratio of 1.05 and a beta of 1.67. NVIDIA Co. has a fifty-two week low of $39.23 and a fifty-two week high of $140.76. The company has a quick ratio of 3.79, a current ratio of 4.27 and a debt-to-equity ratio of 0.15.

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

NVIDIA announced that its Board of Directors has authorized a stock buyback plan on Wednesday, August 28th that permits the company to repurchase $50.00 billion in shares. This repurchase authorization permits the computer hardware maker to reacquire up to 1.6% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

NVIDIA Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Thursday, September 12th will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date is Thursday, September 12th. NVIDIA’s payout ratio is currently 2.34%.

Analysts Set New Price Targets

Several research firms recently commented on NVDA. Citigroup raised their target price on NVIDIA from $126.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, June 26th. Needham & Company LLC boosted their price target on shares of NVIDIA from $120.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. Sanford C. Bernstein upped their price objective on shares of NVIDIA from $130.00 to $155.00 and gave the stock an “outperform” rating in a report on Thursday, August 29th. DA Davidson reissued a “neutral” rating and issued a $90.00 target price on shares of NVIDIA in a report on Thursday, August 29th. Finally, Barclays cut their target price on shares of NVIDIA from $1,200.00 to $145.00 and set an “overweight” rating on the stock in a report on Monday, June 10th. Five analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, NVIDIA has an average rating of “Moderate Buy” and an average price target of $142.10.

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.