Yelin Lapidot Holdings Management Ltd. Grows Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Yelin Lapidot Holdings Management Ltd. lifted its stake in NVIDIA Co. (NASDAQ:NVDA) by 575.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,164 shares of the computer hardware maker’s stock after buying an additional 12,920 shares during the quarter. Yelin Lapidot Holdings Management Ltd.’s holdings in NVIDIA were worth $1,873,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Aveo Capital Partners LLC grew its position in shares of NVIDIA by 30.5% during the 4th quarter. Aveo Capital Partners LLC now owns 2,351 shares of the computer hardware maker’s stock valued at $1,164,000 after acquiring an additional 549 shares during the period. Gryphon Financial Partners LLC boosted its position in 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. Hillsdale Investment Management Inc. grew its holdings in NVIDIA by 0.7% in the fourth quarter. Hillsdale Investment Management Inc. now owns 4,515 shares of the computer hardware maker’s stock valued at $2,236,000 after purchasing an additional 30 shares during the period. Schneider Downs Wealth Management Advisors LP purchased a new stake in shares of NVIDIA in the fourth quarter valued at approximately $410,000. Finally, Gladstone Institutional Advisory LLC increased its position in shares of NVIDIA by 4.3% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 35,949 shares of the computer hardware maker’s stock valued at $17,803,000 after buying an additional 1,490 shares in the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

Insider Activity at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 120,000 shares of the firm’s stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $125.04, for a total value of $15,004,800.00. Following the completion of the transaction, the chief executive officer now owns 80,094,995 shares of the company’s stock, valued at approximately $10,015,078,174.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Mark A. Stevens sold 385,000 shares of the business’s stock in a transaction dated Tuesday, July 9th. The stock was sold at an average price of $130.74, for a total transaction of $50,334,900.00. Following the completion of the transaction, the director now directly owns 9,141,240 shares of the company’s stock, valued at $1,195,125,717.60. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Jen Hsun Huang sold 120,000 shares of the firm’s stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $125.04, for a total transaction of $15,004,800.00. Following the completion of the sale, the chief executive officer now directly owns 80,094,995 shares in the company, valued at approximately $10,015,078,174.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,472,303 shares of company stock worth $417,461,507. Corporate insiders own 4.23% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Evercore ISI lifted their price target on shares of NVIDIA from $145.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, August 23rd. The Goldman Sachs Group reiterated a “buy” rating and issued a $135.00 target price on shares of NVIDIA in a research report on Monday, August 19th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $100.00 target price on shares of NVIDIA in a research note on Monday, August 5th. KeyCorp raised their price target on shares of NVIDIA from $130.00 to $180.00 and gave the company an “overweight” rating in a research note on Tuesday, July 9th. Finally, Argus boosted their price objective on NVIDIA from $110.00 to $150.00 and gave the stock a “buy” rating in a research note on Tuesday, June 11th. Five analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $142.10.

NVIDIA Stock Down 1.6 %

Shares of NASDAQ NVDA opened at $116.00 on Monday. NVIDIA Co. has a 52-week low of $39.23 and a 52-week high of $140.76. The business’s 50 day moving average is $115.99 and its two-hundred day moving average is $107.24. The firm has a market cap of $2.85 trillion, a price-to-earnings ratio of 67.84, a PEG ratio of 1.06 and a beta of 1.67. The company has a quick ratio of 3.79, a current ratio of 4.27 and a debt-to-equity ratio of 0.15.

NVIDIA (NASDAQ:NVDA) last posted its earnings results 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. The firm had revenue of $30.04 billion for the quarter, compared to analyst estimates of $28.74 billion. NVIDIA had a return on equity of 113.50% and a net margin of 55.04%. NVIDIA’s revenue was up 122.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.25 EPS. Research analysts predict that NVIDIA Co. will post 2.64 EPS for the current year.

NVIDIA announced that its Board of Directors has approved a share buyback plan 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 repurchase up to 1.6% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

NVIDIA Cuts Dividend

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