NVIDIA Co. (NASDAQ:NVDA) is Decatur Capital Management Inc.’s 2nd Largest Position

Decatur Capital Management Inc. boosted its position in NVIDIA Co. (NASDAQ:NVDA) by 923.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 195,490 shares of the computer hardware maker’s stock after purchasing an additional 176,394 shares during the period. NVIDIA comprises approximately 11.7% of Decatur Capital Management Inc.’s portfolio, making the stock its 2nd biggest holding. Decatur Capital Management Inc.’s holdings in NVIDIA were worth $24,151,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Diversified Investment Strategies LLC purchased a new position in shares of NVIDIA in the first quarter worth about $357,000. Wealthcare Advisory Partners LLC boosted its holdings in NVIDIA by 3.0% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 40,879 shares of the computer hardware maker’s stock worth $36,936,000 after buying an additional 1,204 shares during the period. Stonebridge Capital Management Inc. grew its stake in NVIDIA by 14.9% in the 1st quarter. Stonebridge Capital Management Inc. now owns 4,402 shares of the computer hardware maker’s stock valued at $3,977,000 after buying an additional 572 shares in the last quarter. Sandbox Financial Partners LLC raised its holdings in NVIDIA by 81.1% during the 1st quarter. Sandbox Financial Partners LLC now owns 4,167 shares of the computer hardware maker’s stock valued at $3,765,000 after acquiring an additional 1,866 shares during the period. Finally, Signet Financial Management LLC boosted its holdings in shares of NVIDIA by 76.6% in the first quarter. Signet Financial Management LLC now owns 1,849 shares of the computer hardware maker’s stock worth $1,671,000 after acquiring an additional 802 shares during the period. 65.27% of the stock is owned by institutional investors.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 155,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $132.27, for a total transaction of $20,501,850.00. Following the completion of the transaction, the director now owns 8,100,117 shares of the company’s stock, valued at $1,071,402,475.59. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other NVIDIA news, Director Mark A. Stevens sold 125,000 shares of the company’s stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $122.61, for a total transaction of $15,326,250.00. Following the completion of the transaction, the director now owns 8,255,117 shares of the company’s stock, valued at $1,012,159,895.37. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 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 transaction, the director now directly owns 8,100,117 shares of the company’s stock, valued at $1,071,402,475.59. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,636,270 shares of company stock valued at $305,367,927 in the last 90 days. Insiders own 4.23% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on NVDA shares. Westpark Capital boosted their price objective on NVIDIA from $127.50 to $165.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. DA Davidson reiterated a “neutral” rating and set a $90.00 price objective on shares of NVIDIA in a research note on Thursday, August 29th. HSBC boosted their price objective on NVIDIA from $135.00 to $145.00 and gave the company a “buy” rating in a research note on Wednesday, August 21st. Wedbush reiterated an “outperform” rating and set a $138.00 price objective on shares of NVIDIA in a research note on Thursday, August 29th. Finally, Bank of America boosted their price objective on NVIDIA from $165.00 to $190.00 and gave the company 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 issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $143.07.

NVIDIA Trading Down 0.7 %

Shares of NVDA stock opened at $140.52 on Tuesday. The stock has a market capitalization of $3.45 trillion, a PE ratio of 65.91, a P/E/G ratio of 1.50 and a beta of 1.67. NVIDIA Co. has a 1-year low of $39.23 and a 1-year high of $144.42. The business has a 50-day moving average of $124.46 and a 200 day moving average of $114.81. The company has a debt-to-equity ratio of 0.15, a current ratio of 4.27 and a quick ratio of 3.79.

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

NVIDIA declared that its Board of Directors has initiated a stock repurchase program on Wednesday, August 28th that permits the company to repurchase $50.00 billion in 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 generally a sign that the company’s board believes its shares are undervalued.

NVIDIA Cuts Dividend

The firm also recently declared 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. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date of this dividend was Thursday, September 12th. NVIDIA’s payout ratio is 1.88%.

About NVIDIA

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.