Paradiem LLC Has $2.41 Million Holdings in NVIDIA Co. (NASDAQ:NVDA)

Paradiem LLC grew its stake in NVIDIA Co. (NASDAQ:NVDAGet Rating) by 16.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,912 shares of the computer hardware maker’s stock after buying an additional 2,271 shares during the quarter. Paradiem LLC’s holdings in NVIDIA were worth $2,412,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Resonant Capital Advisors LLC lifted its position in shares of NVIDIA by 6.9% in the first quarter. Resonant Capital Advisors LLC now owns 1,796 shares of the computer hardware maker’s stock worth $480,000 after purchasing an additional 116 shares in the last quarter. GenTrust LLC lifted its position in shares of NVIDIA by 16.4% in the first quarter. GenTrust LLC now owns 2,844 shares of the computer hardware maker’s stock worth $776,000 after purchasing an additional 400 shares in the last quarter. Relyea Zuckerberg Hanson LLC lifted its position in shares of NVIDIA by 16.6% in the first quarter. Relyea Zuckerberg Hanson LLC now owns 2,124 shares of the computer hardware maker’s stock worth $472,000 after purchasing an additional 303 shares in the last quarter. Lannebo Fonder AB lifted its position in shares of NVIDIA by 5.9% in the first quarter. Lannebo Fonder AB now owns 90,000 shares of the computer hardware maker’s stock worth $24,557,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Secure Asset Management LLC lifted its position in shares of NVIDIA by 6.3% in the first quarter. Secure Asset Management LLC now owns 12,304 shares of the computer hardware maker’s stock worth $3,357,000 after purchasing an additional 731 shares in the last quarter. Institutional investors and hedge funds own 62.58% of the company’s stock.

Analyst Ratings Changes

NVDA has been the topic of several analyst reports. TheStreet lowered shares of NVIDIA from a “b-” rating to a “c+” rating in a research report on Thursday. Mizuho dropped their price target on shares of NVIDIA from $225.00 to $205.00 and set a “buy” rating on the stock in a research report on Thursday. StockNews.com lowered shares of NVIDIA from a “hold” rating to a “sell” rating in a research report on Tuesday, September 13th. Wedbush dropped their price target on shares of NVIDIA from $190.00 to $160.00 and set a “neutral” rating on the stock in a research report on Thursday, August 25th. Finally, Cowen dropped their price target on shares of NVIDIA from $350.00 to $265.00 in a research report on Thursday, May 26th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $216.68.

NVIDIA Stock Up 2.1 %

NVDA stock opened at $131.98 on Monday. The stock has a market capitalization of $328.63 billion, a P/E ratio of 43.27, a price-to-earnings-growth ratio of 4.33 and a beta of 1.69. The company has a current ratio of 3.62, a quick ratio of 3.11 and a debt-to-equity ratio of 0.41. NVIDIA Co. has a 12 month low of $126.17 and a 12 month high of $346.47. The firm has a 50-day moving average price of $164.50 and a 200-day moving average price of $188.10.

NVIDIA (NASDAQ:NVDAGet Rating) last issued its quarterly earnings data on Wednesday, August 24th. The computer hardware maker reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.05). The business had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $6.70 billion. NVIDIA had a net margin of 26.03% and a return on equity of 36.83%. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.89 EPS. As a group, equities research analysts anticipate that NVIDIA Co. will post 2.49 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 29th. Investors of record on Thursday, September 8th will be issued a $0.04 dividend. The ex-dividend date is Wednesday, September 7th. This represents a $0.16 dividend on an annualized basis and a yield of 0.12%. NVIDIA’s dividend payout ratio (DPR) is presently 5.25%.

NVIDIA Profile

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NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company's 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; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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