Vanguard Group Inc. Acquires 528,040 Shares of NVIDIA Co. (NASDAQ:NVDA)

Vanguard Group Inc. raised its holdings in NVIDIA Co. (NASDAQ:NVDA) by 1.2% in the second quarter, HoldingsChannel.com reports. The firm owned 45,990,868 shares of the computer hardware maker’s stock after purchasing an additional 528,040 shares during the quarter. Vanguard Group Inc. owned about 0.08% of NVIDIA worth $7,553,081,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Deltec Asset Management LLC bought a new stake in NVIDIA in the 2nd quarter valued at about $452,000. Meadow Creek Investment Management LLC lifted its holdings in shares of NVIDIA by 6.2% during the 2nd quarter. Meadow Creek Investment Management LLC now owns 149,192 shares of the computer hardware maker’s stock worth $24,502,000 after acquiring an additional 8,738 shares during the period. Rehmann Capital Advisory Group lifted its holdings in shares of NVIDIA by 28.5% during the 1st quarter. Rehmann Capital Advisory Group now owns 1,558 shares of the computer hardware maker’s stock worth $280,000 after acquiring an additional 346 shares during the period. Meeder Asset Management Inc. lifted its holdings in shares of NVIDIA by 2,473.9% during the 2nd quarter. Meeder Asset Management Inc. now owns 592 shares of the computer hardware maker’s stock worth $97,000 after acquiring an additional 569 shares during the period. Finally, Tdam USA Inc. lifted its holdings in shares of NVIDIA by 15.5% during the 1st quarter. Tdam USA Inc. now owns 1,970 shares of the computer hardware maker’s stock worth $354,000 after acquiring an additional 264 shares during the period. 64.37% of the stock is owned by hedge funds and other institutional investors.

In other NVIDIA news, CFO Colette Kress sold 2,236 shares of the company’s stock in a transaction that occurred 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 in the company, valued at approximately $39,314,837.10. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Persis Drell sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $166.80, for a total transaction of $417,000.00. Following the completion of the transaction, the director now owns 20,684 shares of the company’s stock, valued at $3,450,091.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 39,597 shares of company stock valued at $6,765,952. Corporate insiders own 4.64% of the company’s stock.

NASDAQ NVDA traded up $0.36 on Tuesday, hitting $180.57. The company’s stock had a trading volume of 385,883 shares, compared to its average volume of 9,348,022. The company has a quick ratio of 7.74, a current ratio of 8.65 and a debt-to-equity ratio of 0.24. NVIDIA Co. has a 1-year low of $124.46 and a 1-year high of $292.76. The company’s 50-day moving average is $166.51 and its 200 day moving average is $166.03. The firm has a market cap of $110.80 billion, a PE ratio of 29.74, a PEG ratio of 4.66 and a beta of 2.06.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Thursday, August 15th. The computer hardware maker reported $1.24 earnings per share (EPS) 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 analysts’ expectations of $2.55 billion. During the same period in the prior year, the company posted $1.94 EPS. The company’s revenue was down 17.4% on a year-over-year basis. On average, equities analysts expect that NVIDIA Co. will post 4.08 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Thursday, August 29th will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 0.35%. The ex-dividend date is Wednesday, August 28th. NVIDIA’s dividend payout ratio (DPR) is currently 10.54%.

NVDA has been the subject of a number of recent analyst reports. Royal Bank of Canada cut their price target on shares of NVIDIA from $200.00 to $190.00 and set an “outperform” rating for the company in a report on Tuesday, August 13th. Craig Hallum reaffirmed a “hold” rating and set a $170.00 price target (up previously from $165.00) on shares of NVIDIA in a report on Friday, August 16th. Cascend Securities raised shares of NVIDIA from a “hold” rating to a “buy” rating and set a $190.00 price target for the company in a report on Thursday, July 11th. BidaskClub raised shares of NVIDIA from a “sell” rating to a “hold” rating in a report on Wednesday, August 21st. Finally, JPMorgan Chase & Co. set a $200.00 price target on shares of NVIDIA and gave the stock a “buy” rating in a report on Friday, August 16th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-eight have issued a buy rating to the company’s stock. NVIDIA has a consensus rating of “Buy” and an average price target of $190.09.

NVIDIA 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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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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