NVIDIA Co. (NASDAQ:NVDA) Shares Bought by Ausdal Financial Partners Inc.

Ausdal Financial Partners Inc. lifted its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 1,084.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 69,621 shares of the computer hardware maker’s stock after buying an additional 63,743 shares during the quarter. NVIDIA makes up approximately 0.9% of Ausdal Financial Partners Inc.’s portfolio, making the stock its 19th biggest position. Ausdal Financial Partners Inc.’s holdings in NVIDIA were worth $8,601,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in NVDA. Insight 2811 Inc. increased its holdings in shares of NVIDIA by 965.1% in the 2nd quarter. Insight 2811 Inc. now owns 3,270 shares of the computer hardware maker’s stock valued at $404,000 after acquiring an additional 2,963 shares during the last quarter. Hudson Edge Investment Partners Inc. increased its stake in NVIDIA by 900.0% in the second quarter. Hudson Edge Investment Partners Inc. now owns 7,440 shares of the computer hardware maker’s stock valued at $919,000 after purchasing an additional 6,696 shares during the last quarter. Prestige Wealth Management Group LLC raised its holdings in NVIDIA by 1,104.9% during the second quarter. Prestige Wealth Management Group LLC now owns 51,138 shares of the computer hardware maker’s stock worth $6,318,000 after purchasing an additional 46,894 shares in the last quarter. Wilkinson Global Asset Management LLC lifted its position in shares of NVIDIA by 842.8% during the 2nd quarter. Wilkinson Global Asset Management LLC now owns 677,520 shares of the computer hardware maker’s stock worth $83,701,000 after buying an additional 605,655 shares during the last quarter. Finally, Triasima Portfolio Management inc. boosted its holdings in shares of NVIDIA by 845.5% in the 2nd quarter. Triasima Portfolio Management inc. now owns 81,742 shares of the computer hardware maker’s stock valued at $10,098,000 after buying an additional 73,097 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on NVDA shares. 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 research report on Thursday, August 29th. Mizuho upped their target price on NVIDIA from $132.00 to $140.00 and gave the company an “outperform” rating in a research report on Thursday, August 29th. Bank of America reiterated a “buy” rating and issued a $165.00 price objective on shares of NVIDIA in a research note on Thursday, September 5th. HSBC lifted their target price on shares of NVIDIA from $135.00 to $145.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. Finally, DA Davidson reiterated a “neutral” rating and set a $90.00 price target on shares of NVIDIA in a research note on Thursday, August 29th. Five 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 stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $142.10.

NVIDIA Price Performance

Shares of NVIDIA stock opened at $134.81 on Friday. The stock has a market capitalization of $3.32 trillion, a P/E ratio of 78.84, a PEG ratio of 1.05 and a beta of 1.67. NVIDIA Co. has a twelve month low of $39.23 and a twelve month high of $140.76. The company has a current ratio of 4.27, a quick ratio of 3.79 and a debt-to-equity ratio of 0.15. The business’s fifty day moving average price is $117.48 and its 200 day moving average price is $110.17.

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

NVIDIA Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Investors 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 payout ratio is currently 2.34%.

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

Insiders Place Their Bets

In other news, Director Mark A. Stevens sold 125,000 shares of the business’s stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $122.61, for a total transaction of $15,326,250.00. Following the transaction, the director now directly owns 8,255,117 shares of the company’s stock, valued at approximately $1,012,159,895.37. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other NVIDIA news, Director Mark A. Stevens sold 125,000 shares of the business’s stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $122.61, for a total value of $15,326,250.00. Following the transaction, the director now owns 8,255,117 shares in the company, valued at $1,012,159,895.37. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the business’s stock in a transaction dated 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 transaction, the insider now owns 492,409 shares in the company, valued at approximately $57,370,572.59. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,201,270 shares of company stock worth $371,285,277 in the last 90 days. 4.23% of the stock is owned by company insiders.

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.