Kintegral Advisory LLC Increases Stake in NVIDIA Co. (NASDAQ:NVDA)

Kintegral Advisory LLC increased its position in NVIDIA Co. (NASDAQ:NVDA) by 553.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 659,441 shares of the computer hardware maker’s stock after acquiring an additional 558,466 shares during the quarter. NVIDIA comprises about 7.8% of Kintegral Advisory LLC’s holdings, making the stock its 2nd biggest holding. Kintegral Advisory LLC’s holdings in NVIDIA were worth $81,467,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Aveo Capital Partners LLC increased its stake in NVIDIA by 30.5% in the 4th quarter. Aveo Capital Partners LLC now owns 2,351 shares of the computer hardware maker’s stock worth $1,164,000 after acquiring an additional 549 shares during the last quarter. Gryphon Financial Partners LLC grew its holdings in shares of NVIDIA by 60.9% during the fourth quarter. Gryphon Financial Partners LLC now owns 14,514 shares of the computer hardware maker’s stock worth $7,188,000 after purchasing an additional 5,496 shares in the last quarter. Montrusco Bolton Investments Inc. increased its position in shares of NVIDIA by 112.5% in the fourth quarter. Montrusco Bolton Investments Inc. now owns 710,612 shares of the computer hardware maker’s stock worth $345,054,000 after purchasing an additional 376,274 shares during the last quarter. Atlantic Edge Private Wealth Management LLC purchased a new stake in NVIDIA in the fourth quarter valued at approximately $2,693,000. Finally, Private Wealth Management Group LLC bought a new stake in NVIDIA during the fourth quarter valued at approximately $211,000. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $116.00 on Friday. The company has a 50 day simple moving average of $115.99 and a two-hundred day simple moving average of $106.97. NVIDIA Co. has a fifty-two week low of $39.23 and a fifty-two week high of $140.76. The company has a market capitalization of $2.85 trillion, a price-to-earnings ratio of 67.84, a P/E/G ratio of 1.06 and a beta of 1.67. 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 (NASDAQ:NVDA) last posted 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 company had revenue of $30.04 billion during the quarter, compared to analyst estimates of $28.74 billion. During the same quarter last year, the company earned $0.25 EPS. The firm’s revenue for the quarter was up 122.4% on a year-over-year basis. Analysts expect that NVIDIA Co. will post 2.64 EPS for the current fiscal year.

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

NVIDIA Cuts Dividend

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

Insider Activity at NVIDIA

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction dated 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 transaction, the insider now directly owns 492,409 shares of the company’s stock, valued at $57,370,572.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction 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 sale, the insider now owns 492,409 shares of the company’s stock, valued at approximately $57,370,572.59. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jen Hsun Huang sold 120,000 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $99.81, for a total value of $11,977,200.00. Following the transaction, the chief executive officer now directly owns 77,094,995 shares in the company, valued at $7,694,851,450.95. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,692,303 shares of company stock valued at $444,047,307. 4.23% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NVDA. Craig Hallum raised their price objective on shares of NVIDIA from $125.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. William Blair began coverage on shares of NVIDIA in a report on Wednesday. They set an “outperform” rating on the stock. Melius Research boosted their price target on shares of NVIDIA from $125.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, June 21st. Evercore ISI lifted their price objective on NVIDIA from $145.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, August 23rd. Finally, Tigress Financial increased their target price on NVIDIA from $98.50 to $170.00 and gave the company a “buy” rating in a report on Tuesday, June 18th. Five equities research analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, NVIDIA presently has a consensus rating of “Moderate Buy” and an average target price 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.