NVIDIA Co. (NASDAQ:NVDA) Stock Holdings Boosted by Foundry Financial Group Inc.

Foundry Financial Group Inc. raised its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 1,001.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,052 shares of the computer hardware maker’s stock after purchasing an additional 3,684 shares during the quarter. Foundry Financial Group Inc.’s holdings in NVIDIA were worth $501,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise lifted its position in shares of NVIDIA by 0.7% during the 1st quarter. Banque Cantonale Vaudoise now owns 124,562 shares of the computer hardware maker’s stock valued at $112,550,000 after acquiring an additional 919 shares during the last quarter. Wedmont Private Capital lifted its position in shares of NVIDIA by 3.1% during the 1st quarter. Wedmont Private Capital now owns 31,727 shares of the computer hardware maker’s stock valued at $27,080,000 after acquiring an additional 943 shares during the last quarter. Bank of New Hampshire lifted its position in shares of NVIDIA by 5.7% during the 1st quarter. Bank of New Hampshire now owns 4,529 shares of the computer hardware maker’s stock valued at $4,092,000 after acquiring an additional 244 shares during the last quarter. KMG Fiduciary Partners LLC lifted its position in shares of NVIDIA by 11.9% during the 1st quarter. KMG Fiduciary Partners LLC now owns 41,399 shares of the computer hardware maker’s stock valued at $37,406,000 after acquiring an additional 4,393 shares during the last quarter. Finally, Legacy Financial Strategies LLC lifted its position in shares of NVIDIA by 8.2% during the 1st quarter. Legacy Financial Strategies LLC now owns 3,374 shares of the computer hardware maker’s stock valued at $3,049,000 after acquiring an additional 256 shares during the last quarter. 65.27% of the stock is owned by institutional investors.

Insider Activity

In other news, CFO Colette Kress sold 66,670 shares of the firm’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $116.59, for a total value of $7,773,055.30. Following the sale, the chief financial officer now directly owns 4,954,214 shares of the company’s stock, valued at approximately $577,611,810.26. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CFO Colette Kress sold 66,670 shares of NVIDIA stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $116.59, for a total transaction of $7,773,055.30. Following the sale, the chief financial officer now directly owns 4,954,214 shares of the company’s stock, valued at $577,611,810.26. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA 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 sale, the insider now directly owns 492,409 shares in the company, valued at approximately $57,370,572.59. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,996,270 shares of company stock valued at $347,729,127. 4.23% of the stock is owned by insiders.

NVIDIA Trading Up 0.8 %

Shares of NASDAQ:NVDA opened at $138.00 on Friday. The company has a market cap of $3.39 trillion, a P/E ratio of 64.73, a P/E/G ratio of 1.25 and a beta of 1.67. The stock’s 50-day moving average is $121.88 and its 200-day moving average is $112.35. NVIDIA Co. has a 52-week low of $39.23 and a 52-week high of $140.89. 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 issued its quarterly earnings results on Wednesday, August 28th. The computer hardware maker reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.04. The company had revenue of $30.04 billion for the quarter, compared to the consensus estimate of $28.74 billion. NVIDIA had a return on equity of 113.50% and a net margin of 55.04%. The firm’s revenue was up 122.4% compared to the same quarter last year. During the same period last year, the business posted $0.25 earnings per share. Equities research analysts predict that NVIDIA Co. will post 2.65 earnings per share for the current year.

NVIDIA declared that its board has initiated a share repurchase plan on Wednesday, August 28th that permits the company to repurchase $50.00 billion in shares. This repurchase authorization permits the computer hardware maker to reacquire up to 1.6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

NVIDIA Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th were given 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 was Thursday, September 12th. NVIDIA’s dividend payout ratio is currently 1.88%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Piper Sandler reiterated an “overweight” rating and set a $140.00 price objective on shares of NVIDIA in a research report on Thursday, August 29th. Evercore ISI increased their price objective on NVIDIA from $145.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, August 23rd. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $100.00 target price on shares of NVIDIA in a report on Monday, August 5th. Morgan Stanley restated an “overweight” rating and issued a $150.00 target price on shares of NVIDIA in a report on Thursday, October 10th. Finally, Benchmark restated a “buy” rating and issued a $170.00 target price on shares of NVIDIA in a report on Thursday, August 29th. Five research analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $143.07.

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.