KBC Group NV trimmed its stake in NVIDIA Co. (NASDAQ:NVDA) by 0.0% during the second quarter, HoldingsChannel reports. The institutional investor owned 334,806 shares of the computer hardware maker’s stock after selling 162 shares during the period. KBC Group NV’s holdings in NVIDIA were worth $54,985,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of NVDA. Thor Advisors LLC purchased a new position in shares of NVIDIA in the 1st quarter valued at $29,000. Harvest Group Wealth Management LLC acquired a new stake in NVIDIA during the 1st quarter worth $30,000. Field & Main Bank acquired a new stake in NVIDIA during the 2nd quarter worth $33,000. Sound Income Strategies LLC boosted its stake in NVIDIA by 96.2% during the 2nd quarter. Sound Income Strategies LLC now owns 204 shares of the computer hardware maker’s stock worth $34,000 after purchasing an additional 100 shares during the period. Finally, Semmax Financial Advisors Inc. boosted its stake in NVIDIA by 935.0% during the 1st quarter. Semmax Financial Advisors Inc. now owns 207 shares of the computer hardware maker’s stock worth $37,000 after purchasing an additional 187 shares during the period. 66.93% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ:NVDA opened at $161.80 on Wednesday. The company has a current ratio of 8.65, a quick ratio of 7.74 and a debt-to-equity ratio of 0.24. The firm has a 50-day moving average price of $164.31 and a two-hundred day moving average price of $164.14. NVIDIA Co. has a twelve month low of $124.46 and a twelve month high of $292.76. The company has a market capitalization of $98.93 billion, a P/E ratio of 26.66, a price-to-earnings-growth ratio of 4.16 and a beta of 2.07.NVIDIA (NASDAQ:NVDA) last posted its earnings results on Thursday, August 15th. The computer hardware maker reported $1.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.37. NVIDIA had a net margin of 26.93% and a return on equity of 24.40%. The firm had revenue of $2.58 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same period last year, the firm posted $1.94 EPS. The firm’s revenue for the quarter was down 17.4% on a year-over-year basis. On average, equities research analysts predict that NVIDIA Co. will post 4.08 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Thursday, August 29th will be issued a dividend of $0.16 per share. The ex-dividend date is Wednesday, August 28th. This represents a $0.64 annualized dividend and a yield of 0.40%. NVIDIA’s dividend payout ratio (DPR) is currently 10.54%.
In other NVIDIA news, Director Dawn E. Hudson sold 5,000 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $171.73, for a total transaction of $858,650.00. Following the completion of the transaction, the director now directly owns 36,037 shares in the company, valued at approximately $6,188,634.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Colette Kress sold 2,236 shares of the firm’s stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $164.01, for a total transaction of $366,726.36. Following the transaction, the chief financial officer now owns 239,710 shares of the company’s stock, valued at $39,314,837.10. The disclosure for this sale can be found here. Insiders have sold a total of 112,236 shares of company stock valued at $16,570,776 over the last 90 days. 4.64% of the stock is currently owned by insiders.
A number of analysts recently weighed in on the stock. Craig Hallum reiterated a “hold” rating and set a $170.00 price target (up previously from $165.00) on shares of NVIDIA in a research note on Friday, August 16th. Benchmark restated a “buy” rating and issued a $210.00 target price on shares of NVIDIA in a research note on Wednesday, August 21st. BidaskClub upgraded shares of NVIDIA from a “sell” rating to a “hold” rating in a research note on Wednesday, August 21st. Summit Redstone cut shares of NVIDIA to a “hold” rating in a research note on Friday, May 17th. Finally, UBS Group reduced their target price on shares of NVIDIA from $210.00 to $195.00 and set a “buy” rating for the company in a research note on Friday, May 17th. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $190.40.
NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. The GPU segment comprises of product brands which aims specialized markets including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.
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