Range Financial Group LLC Has $506,000 Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Range Financial Group LLC lessened its stake in shares of NVIDIA Co. (NASDAQ:NVDAGet Rating) by 32.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,338 shares of the computer hardware maker’s stock after selling 1,616 shares during the quarter. Range Financial Group LLC’s holdings in NVIDIA were worth $506,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. CVA Family Office LLC boosted its position in NVIDIA by 17.7% during the second quarter. CVA Family Office LLC now owns 4,281 shares of the computer hardware maker’s stock valued at $649,000 after acquiring an additional 645 shares during the last quarter. ARK Investment Management LLC raised its holdings in shares of NVIDIA by 103,404.7% during the second quarter. ARK Investment Management LLC now owns 675,886 shares of the computer hardware maker’s stock valued at $126,201,000 after purchasing an additional 675,233 shares during the period. Addison Capital Co raised its holdings in shares of NVIDIA by 7.7% during the second quarter. Addison Capital Co now owns 3,530 shares of the computer hardware maker’s stock valued at $535,000 after purchasing an additional 252 shares during the period. Gradient Investments LLC raised its holdings in shares of NVIDIA by 10.4% in the 2nd quarter. Gradient Investments LLC now owns 81,015 shares of the computer hardware maker’s stock worth $12,281,000 after acquiring an additional 7,661 shares during the last quarter. Finally, McNaughton Wealth Management LLC raised its holdings in shares of NVIDIA by 143.0% in the 2nd quarter. McNaughton Wealth Management LLC now owns 2,537 shares of the computer hardware maker’s stock worth $385,000 after acquiring an additional 1,493 shares during the last quarter. Institutional investors own 62.58% of the company’s stock.

NVIDIA Stock Up 2.1 %

NVDA opened at $131.98 on Monday. The company has a 50 day moving average of $164.50 and a 200 day moving average of $188.10. The company has a market cap of $328.63 billion, a PE ratio of 43.27, a price-to-earnings-growth ratio of 4.33 and a beta of 1.69. NVIDIA Co. has a 12 month low of $126.17 and a 12 month high of $346.47. 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 (NASDAQ:NVDAGet Rating) last released its quarterly earnings data on Wednesday, August 24th. The computer hardware maker reported $0.51 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.05). NVIDIA had a return on equity of 36.83% and a net margin of 26.03%. The business had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $6.70 billion. During the same period last year, the business posted $0.89 earnings per share. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. On average, sell-side analysts expect that NVIDIA Co. will post 2.49 EPS for the current year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 29th. Shareholders of record on Thursday, September 8th will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.12%. The ex-dividend date of this dividend is Wednesday, September 7th. NVIDIA’s dividend payout ratio is presently 5.25%.

Analyst Ratings Changes

A number of research firms recently weighed in on NVDA. Robert W. Baird lowered their target price on shares of NVIDIA from $150.00 to $135.00 and set a “neutral” rating on the stock in a report on Thursday, August 25th. Susquehanna Bancshares lowered their target price on shares of NVIDIA from $220.00 to $210.00 and set a “positive” rating on the stock in a report on Tuesday, August 9th. Cowen lowered their target price on shares of NVIDIA from $350.00 to $265.00 and set an “outperform” rating on the stock in a report on Thursday, May 26th. Rosenblatt Securities restated a “buy” rating and issued a $320.00 target price on shares of NVIDIA in a report on Thursday, August 25th. Finally, Fubon Bank lowered shares of NVIDIA from a “buy” rating to a “neutral” rating in a report on Thursday, August 25th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $216.68.

NVIDIA Company 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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