Intercontinental Wealth Advisors LLC decreased its position in NVIDIA Co. (NASDAQ:NVDA) by 59.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 173 shares of the computer hardware maker’s stock after selling 250 shares during the period. Intercontinental Wealth Advisors LLC’s holdings in NVIDIA were worth $28,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of NVDA. SG Americas Securities LLC increased its stake in shares of NVIDIA by 104.7% during the 1st quarter. SG Americas Securities LLC now owns 128,201 shares of the computer hardware maker’s stock worth $23,020,000 after purchasing an additional 2,866,055 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of NVIDIA during the 1st quarter worth approximately $191,981,000. Baillie Gifford & Co. increased its stake in shares of NVIDIA by 16.0% during the 1st quarter. Baillie Gifford & Co. now owns 7,647,342 shares of the computer hardware maker’s stock worth $1,373,156,000 after purchasing an additional 1,052,689 shares during the last quarter. Thoroughbred Financial Services LLC increased its stake in shares of NVIDIA by 22,776.5% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 883,719 shares of the computer hardware maker’s stock worth $88,372,000 after purchasing an additional 879,856 shares during the last quarter. Finally, FMR LLC increased its stake in shares of NVIDIA by 1.8% during the 1st quarter. FMR LLC now owns 49,860,097 shares of the computer hardware maker’s stock worth $8,952,880,000 after purchasing an additional 858,116 shares during the last quarter. Institutional investors own 67.54% of the company’s stock.
NASDAQ:NVDA traded up $10.79 during trading hours on Friday, hitting $159.56. The stock had a trading volume of 25,199,000 shares, compared to its average volume of 9,067,289. The company has a 50 day simple moving average of $163.66 and a two-hundred day simple moving average of $163.39. The company has a debt-to-equity ratio of 0.25, a current ratio of 8.98 and a quick ratio of 7.78. NVIDIA Co. has a one year low of $124.46 and a one year high of $292.76. The firm has a market capitalization of $91.39 billion, a price-to-earnings ratio of 26.29, a P/E/G ratio of 3.84 and a beta of 2.07.
NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Thursday, August 15th. The computer hardware maker reported $1.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.37. NVIDIA had a net margin of 30.68% and a return on equity of 31.27%. 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 earned $1.94 EPS. The business’s quarterly revenue was down 17.4% compared to the same quarter last year. Equities research analysts anticipate that NVIDIA Co. will post 4.16 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Thursday, August 29th will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 0.40%. NVIDIA’s payout ratio is 10.54%.
NVDA has been the subject of several research analyst reports. Summit Insights lowered shares of NVIDIA from a “buy” rating to a “hold” rating and set a $158.57 price target for the company. in a research note on Friday, May 17th. Morgan Stanley raised their price target on shares of NVIDIA from $170.00 to $180.00 and gave the stock an “equal weight” rating in a research note on Friday. Royal Bank of Canada decreased their price target on shares of NVIDIA from $200.00 to $190.00 and set an “outperform” rating for the company in a research note on Tuesday. BidaskClub downgraded shares of NVIDIA from a “buy” rating to a “hold” rating in a report on Saturday, August 3rd. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $180.00 price objective on shares of NVIDIA in a report on Friday. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-six have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $193.04.
In other NVIDIA news, CFO Colette Kress sold 2,236 shares of the firm’s stock in a transaction on Friday, June 28th. The shares were sold at an average price of $164.01, for a total value of $366,726.36. Following the completion of the transaction, the chief financial officer now directly owns 239,710 shares of the company’s stock, valued at approximately $39,314,837.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Harvey C. Jones sold 100,000 shares of the firm’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $145.10, for a total transaction of $14,510,000.00. Following the completion of the transaction, the director now directly owns 32,983 shares of the company’s stock, valued at $4,785,833.30. The disclosure for this sale can be found here. Over the last three months, insiders sold 104,736 shares of company stock valued at $15,293,726. Insiders own 4.64% of the company’s stock.
NVIDIA Company Profile
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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