NVIDIA Co. (NASDAQ:NVDA) Stock Holdings Increased by X Square Capital LLC

X Square Capital LLC raised its stake in NVIDIA Co. (NASDAQ:NVDA) by 905.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 42,751 shares of the computer hardware maker’s stock after buying an additional 38,497 shares during the period. NVIDIA makes up approximately 2.4% of X Square Capital LLC’s holdings, making the stock its 5th largest holding. X Square Capital LLC’s holdings in NVIDIA were worth $5,281,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Adapt Wealth Advisors LLC increased its stake in shares of NVIDIA by 1,523.3% during the 2nd quarter. Adapt Wealth Advisors LLC now owns 9,740 shares of the computer hardware maker’s stock worth $1,203,000 after purchasing an additional 9,140 shares in the last quarter. Legacy Bridge LLC increased its position in NVIDIA by 883.6% during the second quarter. Legacy Bridge LLC now owns 52,870 shares of the computer hardware maker’s stock worth $6,532,000 after buying an additional 47,495 shares in the last quarter. Arbor Capital Management Inc. ADV increased its position in NVIDIA by 996.4% during the second quarter. Arbor Capital Management Inc. ADV now owns 5,811 shares of the computer hardware maker’s stock worth $722,000 after buying an additional 5,281 shares in the last quarter. Oak Thistle LLC purchased a new stake in shares of NVIDIA in the second quarter valued at $654,000. Finally, Mount Lucas Management LP boosted its stake in shares of NVIDIA by 1,336.2% during the second quarter. Mount Lucas Management LP now owns 6,578 shares of the computer hardware maker’s stock valued at $813,000 after acquiring an additional 6,120 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Donald F. Robertson, Jr. sold 4,500 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now owns 492,409 shares in the company, valued at approximately $57,370,572.59. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm’s 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 transaction, the insider now directly owns 492,409 shares of the company’s stock, valued at $57,370,572.59. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jen Hsun Huang sold 120,000 shares of the company’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $119.17, for a total value of $14,300,400.00. Following the sale, the chief executive officer now owns 78,654,995 shares in the company, valued at approximately $9,373,315,754.15. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,201,270 shares of company stock valued at $371,285,277. Insiders own 4.23% of the company’s stock.

Wall Street Analyst Weigh In

NVDA has been the subject of a number of analyst reports. Tigress Financial boosted their price objective on shares of NVIDIA from $98.50 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, June 18th. Wedbush reissued an “outperform” rating and set a $138.00 price target on shares of NVIDIA in a research note on Thursday, August 29th. Robert W. Baird raised their price objective on NVIDIA from $120.00 to $150.00 and gave the stock an “outperform” rating in a report on Thursday, August 29th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $175.00 target price on shares of NVIDIA in a research note on Tuesday. Finally, Craig Hallum raised their price target on NVIDIA from $125.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. Five research analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $142.10.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $134.81 on Friday. The firm has a fifty day simple moving average of $117.48 and a 200 day simple moving average of $110.17. NVIDIA Co. has a twelve month low of $39.23 and a twelve month 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. The company has a market capitalization of $3.32 trillion, a PE ratio of 78.84, a P/E/G ratio of 1.05 and a beta of 1.67.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, August 28th. The computer hardware maker reported $0.68 EPS 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 business had revenue of $30.04 billion during the quarter, compared to analyst estimates of $28.74 billion. During the same period in the previous year, the company posted $0.25 EPS. The firm’s revenue was up 122.4% compared to the same quarter last year. On average, sell-side analysts forecast that NVIDIA Co. will post 2.65 EPS for the current year.

NVIDIA announced that its Board of Directors has initiated a share repurchase program on Wednesday, August 28th that permits the company to repurchase $50.00 billion in outstanding shares. This repurchase authorization permits the computer hardware maker to buy up to 1.6% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

NVIDIA Cuts Dividend

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

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.