Vigilare Wealth Management Sells 925 Shares of NVIDIA Co. (NASDAQ:NVDA)

Vigilare Wealth Management trimmed its position in NVIDIA Co. (NASDAQ:NVDAGet Rating) by 11.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,486 shares of the computer hardware maker’s stock after selling 925 shares during the period. NVIDIA makes up approximately 1.2% of Vigilare Wealth Management’s portfolio, making the stock its 22nd biggest position. Vigilare Wealth Management’s holdings in NVIDIA were worth $1,135,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NVDA. Resonant Capital Advisors LLC boosted its position in NVIDIA by 6.9% during the first quarter. Resonant Capital Advisors LLC now owns 1,796 shares of the computer hardware maker’s stock valued at $480,000 after buying an additional 116 shares during the period. GenTrust LLC boosted its holdings in 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 during the last quarter. Relyea Zuckerberg Hanson LLC boosted its stake in shares of NVIDIA by 16.6% during the 1st quarter. Relyea Zuckerberg Hanson LLC now owns 2,124 shares of the computer hardware maker’s stock worth $472,000 after acquiring an additional 303 shares during the last quarter. Lannebo Fonder AB lifted its stake in shares of NVIDIA by 5.9% during the 1st quarter. Lannebo Fonder AB now owns 90,000 shares of the computer hardware maker’s stock valued at $24,557,000 after buying an additional 5,000 shares in the last quarter. Finally, Secure Asset Management LLC lifted its stake in shares of NVIDIA by 6.3% during the 1st quarter. Secure Asset Management LLC now owns 12,304 shares of the computer hardware maker’s stock valued at $3,357,000 after buying an additional 731 shares in the last quarter. 62.58% of the stock is owned by institutional investors.

NVIDIA Stock Performance

Shares of NVIDIA stock opened at $131.98 on Monday. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.62 and a quick ratio of 3.11. The business has a 50-day simple moving average of $164.50 and a 200 day simple moving average of $188.10. The firm has a market capitalization of $328.63 billion, a price-to-earnings ratio of 43.27, a PEG ratio of 4.33 and a beta of 1.69. NVIDIA Co. has a one year low of $126.17 and a one year high of $346.47.

NVIDIA (NASDAQ:NVDAGet Rating) last announced its earnings results on Wednesday, August 24th. The computer hardware maker reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $6.70 billion. During the same quarter in the previous year, the firm earned $0.89 EPS. NVIDIA’s quarterly revenue was up 3.0% on a year-over-year basis. On average, research analysts anticipate that NVIDIA Co. will post 2.49 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 29th. Investors of record on Thursday, September 8th will be paid a $0.04 dividend. The ex-dividend date of this dividend 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 is presently 5.25%.

Wall Street Analysts Forecast Growth

NVDA has been the subject of several research reports. Morgan Stanley lowered their price objective on shares of NVIDIA from $217.00 to $182.00 and set an “equal weight” rating for the company in a research report on Thursday, May 26th. Tigress Financial reiterated a “buy” rating and issued a $310.00 price objective (down previously from $410.00) on shares of NVIDIA in a research note on Friday, July 8th. They noted that the move was a valuation call. Sanford C. Bernstein lowered their price target on shares of NVIDIA from $210.00 to $180.00 in a report on Thursday, September 1st. BMO Capital Markets decreased their price target on shares of NVIDIA from $250.00 to $230.00 and set an “outperform” rating on the stock in a research note on Thursday, August 25th. Finally, Needham & Company LLC dropped their price target on shares of NVIDIA from $185.00 to $170.00 and set a “buy” rating for the company in a research report on Friday, September 2nd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $216.68.

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.

See Also

Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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