Lido Advisors LLC grew its stake in NVIDIA Co. (NASDAQ:NVDA) by 15.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,840 shares of the computer hardware maker’s stock after buying an additional 1,282 shares during the period. Lido Advisors LLC’s holdings in NVIDIA were worth $2,331,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Broderick Brian C boosted its holdings in shares of NVIDIA by 5.8% in the 2nd quarter. Broderick Brian C now owns 9,931 shares of the computer hardware maker’s stock valued at $2,353,000 after buying an additional 546 shares in the last quarter. Arrow Financial Corp raised its position in NVIDIA by 8.3% in the 2nd quarter. Arrow Financial Corp now owns 11,652 shares of the computer hardware maker’s stock valued at $2,762,000 after purchasing an additional 890 shares during the last quarter. Nvwm LLC raised its position in NVIDIA by 38.4% in the 2nd quarter. Nvwm LLC now owns 8,907 shares of the computer hardware maker’s stock valued at $2,110,000 after purchasing an additional 2,473 shares during the last quarter. Brown Advisory Inc. raised its position in NVIDIA by 152.5% in the 1st quarter. Brown Advisory Inc. now owns 7,473 shares of the computer hardware maker’s stock valued at $1,730,000 after purchasing an additional 4,513 shares during the last quarter. Finally, Sit Investment Associates Inc. raised its position in NVIDIA by 2.9% in the 2nd quarter. Sit Investment Associates Inc. now owns 25,365 shares of the computer hardware maker’s stock valued at $6,009,000 after purchasing an additional 725 shares during the last quarter. Institutional investors and hedge funds own 65.69% of the company’s stock.
Shares of NVIDIA stock opened at $268.00 on Friday. The firm has a market cap of $169.28 billion, a price-to-earnings ratio of 57.39, a PEG ratio of 3.65 and a beta of 1.62. The company has a quick ratio of 6.66, a current ratio of 7.41 and a debt-to-equity ratio of 0.23. NVIDIA Co. has a one year low of $162.71 and a one year high of $285.22.
NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Thursday, August 16th. The computer hardware maker reported $1.94 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.66 by $0.28. NVIDIA had a net margin of 36.21% and a return on equity of 54.18%. The business had revenue of $3.12 billion for the quarter, compared to analysts’ expectations of $3.11 billion. During the same period in the prior year, the company posted $1.01 EPS. The business’s revenue for the quarter was up 40.0% on a year-over-year basis. equities research analysts forecast that NVIDIA Co. will post 7.15 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 21st. Stockholders of record on Thursday, August 30th will be paid a dividend of $0.15 per share. The ex-dividend date is Wednesday, August 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.22%. NVIDIA’s dividend payout ratio (DPR) is presently 12.85%.
In other news, Director Harvey C. Jones sold 100,000 shares of the company’s stock in a transaction on Tuesday, June 26th. The shares were sold at an average price of $242.11, for a total transaction of $24,211,000.00. Following the transaction, the director now directly owns 31,725 shares of the company’s stock, valued at approximately $7,680,939.75. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Mark A. Stevens sold 38,040 shares of the company’s stock in a transaction on Wednesday, June 13th. The stock was sold at an average price of $263.61, for a total transaction of $10,027,724.40. Following the transaction, the director now directly owns 159,287 shares in the company, valued at $41,989,646.07. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 143,615 shares of company stock worth $35,717,358. Corporate insiders own 4.70% of the company’s stock.
Several analysts recently commented on NVDA shares. UBS Group upgraded shares of NVIDIA from a “market perform” rating to an “outperform” rating in a research report on Friday, August 17th. SunTrust Banks upped their price target on shares of NVIDIA to $316.00 and gave the company a “buy” rating in a research report on Friday, May 11th. Oppenheimer upgraded shares of NVIDIA from a “market perform” rating to an “outperform” rating and set a $310.00 price target for the company in a research report on Friday, August 17th. Citigroup upped their price target on shares of NVIDIA from $300.00 to $380.00 and gave the company a “buy” rating in a research report on Friday, May 11th. Finally, BidaskClub upgraded shares of NVIDIA from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 10th. Eight research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $281.58.
NVIDIA Corporation operates as a visual computing company worldwide. It operates through two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based game-streaming service; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for AI utilizing deep learning, accelerated computing, and general purpose computing; GRID provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and cryptocurrency-specific graphics processing units.
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