Capstone Triton Financial Group LLC Has $5.28 Million Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Capstone Triton Financial Group LLC lifted its stake in NVIDIA Co. (NASDAQ:NVDA) by 775.3% in the 2nd quarter, HoldingsChannel reports. The firm owned 42,742 shares of the computer hardware maker’s stock after buying an additional 37,859 shares during the quarter. NVIDIA accounts for 3.7% of Capstone Triton Financial Group LLC’s portfolio, making the stock its 3rd biggest position. Capstone Triton Financial Group LLC’s holdings in NVIDIA were worth $5,280,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of NVDA. Chesapeake Wealth Management grew its stake in shares of NVIDIA by 715.9% in the second quarter. Chesapeake Wealth Management now owns 68,540 shares of the computer hardware maker’s stock worth $8,467,000 after acquiring an additional 60,139 shares during the last quarter. Center Lake Capital Management LLC increased its stake in NVIDIA by 361.5% during the 2nd quarter. Center Lake Capital Management LLC now owns 30,000 shares of the computer hardware maker’s stock valued at $3,706,000 after purchasing an additional 23,500 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in NVIDIA by 861.3% in the second quarter. Thrivent Financial for Lutherans now owns 11,224,627 shares of the computer hardware maker’s stock worth $1,386,853,000 after buying an additional 10,056,981 shares during the last quarter. Thames Capital Management LLC lifted its stake in shares of NVIDIA by 799.1% in the second quarter. Thames Capital Management LLC now owns 93,800 shares of the computer hardware maker’s stock worth $11,588,000 after buying an additional 83,367 shares in the last quarter. Finally, Blue Whale Capital LLP grew its holdings in shares of NVIDIA by 692.6% during the second quarter. Blue Whale Capital LLP now owns 1,222,800 shares of the computer hardware maker’s stock valued at $151,065,000 after buying an additional 1,068,527 shares during the last quarter. 65.27% of the stock is owned by institutional investors.

NVIDIA Stock Performance

NVDA opened at $140.41 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 stock has a market capitalization of $3.44 trillion, a price-to-earnings ratio of 65.86, a PEG ratio of 1.52 and a beta of 1.67. The company has a fifty day moving average of $123.56 and a 200 day moving average of $113.50. NVIDIA Co. has a fifty-two week low of $39.23 and a fifty-two week high of $144.42.

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. The firm had revenue of $30.04 billion during the quarter, compared to analyst estimates of $28.74 billion. NVIDIA had a return on equity of 113.50% and a net margin of 55.04%. The business’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 earnings per share. As a group, sell-side analysts forecast that NVIDIA Co. will post 2.65 earnings per share for the current fiscal year.

NVIDIA Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th were issued a dividend of $0.01 per share. The ex-dividend date was Thursday, September 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is 1.88%.

NVIDIA declared that its board has approved a stock repurchase program on Wednesday, August 28th that permits the company to buyback $50.00 billion in shares. This buyback authorization permits the computer hardware maker to repurchase up to 1.6% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on NVDA. The Goldman Sachs Group upped their price objective on NVIDIA from $135.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, October 11th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $175.00 price target on shares of NVIDIA in a report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $100.00 price objective on shares of NVIDIA in a report on Monday, August 5th. William Blair assumed coverage on shares of NVIDIA in a research note on Wednesday, September 18th. They set an “outperform” rating on the stock. Finally, Bank of America lifted their price target on shares of NVIDIA from $165.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Five research analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, NVIDIA currently has an average rating of “Moderate Buy” and a consensus price target of $143.07.

Insider Activity

In related news, Director Mark A. Stevens sold 155,000 shares of the business’s stock in a transaction on 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 sale, the director now owns 8,100,117 shares in the company, valued at approximately $1,071,402,475.59. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Mark A. Stevens sold 125,000 shares of NVIDIA stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $122.61, for a total value of $15,326,250.00. Following the completion of the transaction, the director now owns 8,255,117 shares in the company, valued at approximately $1,012,159,895.37. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Mark A. Stevens sold 155,000 shares of the company’s stock in a transaction that occurred on 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 sale, the director now owns 8,100,117 shares in the company, valued at approximately $1,071,402,475.59. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,636,270 shares of company stock worth $305,367,927. 4.23% of the stock is currently owned by insiders.

NVIDIA Company 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.