Ignite Planners LLC Grows Holdings in NVIDIA Co. (NASDAQ:NVDA)
Ignite Planners LLC grew its holdings in NVIDIA Co. (NASDAQ:NVDA – Get Rating) by 8.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,301 shares of the computer hardware maker’s stock after purchasing an additional 188 shares during the period. Ignite Planners LLC’s holdings in NVIDIA were worth $365,000 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. Resonant Capital Advisors LLC grew its position in shares of NVIDIA by 6.9% during the 1st quarter. Resonant Capital Advisors LLC now owns 1,796 shares of the computer hardware maker’s stock worth $480,000 after buying an additional 116 shares in the last quarter. GenTrust LLC boosted its position in NVIDIA by 16.4% during the first quarter. GenTrust LLC now owns 2,844 shares of the computer hardware maker’s stock valued at $776,000 after purchasing an additional 400 shares in the last quarter. Relyea Zuckerberg Hanson LLC boosted its position in NVIDIA by 16.6% during the first quarter. Relyea Zuckerberg Hanson LLC now owns 2,124 shares of the computer hardware maker’s stock valued at $472,000 after purchasing an additional 303 shares in the last quarter. Lannebo Fonder AB boosted its position in NVIDIA by 5.9% during the first quarter. Lannebo Fonder AB now owns 90,000 shares of the computer hardware maker’s stock valued at $24,557,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Secure Asset Management LLC boosted its position in NVIDIA by 6.3% during the first quarter. Secure Asset Management LLC now owns 12,304 shares of the computer hardware maker’s stock valued at $3,357,000 after purchasing an additional 731 shares in the last quarter. Hedge funds and other institutional investors own 62.58% of the company’s stock.
NVIDIA Stock Down 0.4 %
Shares of NVDA stock opened at $125.16 on Friday. The stock has a 50 day moving average of $162.17 and a 200 day moving average of $184.77. The company has a current ratio of 3.62, a quick ratio of 3.11 and a debt-to-equity ratio of 0.41. The stock has a market cap of $311.65 billion, a P/E ratio of 41.04, a P/E/G ratio of 4.04 and a beta of 1.69. NVIDIA Co. has a twelve month low of $122.57 and a twelve month high of $346.47.
NVIDIA (NASDAQ:NVDA – Get Rating) last issued its quarterly earnings data on Wednesday, August 24th. The computer hardware maker reported $0.32 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.01). NVIDIA had a net margin of 26.03% and a return on equity of 36.83%. The business had revenue of $6.70 billion during the quarter, compared to analyst estimates of $6.70 billion. During the same period in the previous year, the business posted $0.89 earnings per share. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. As a group, sell-side analysts expect that NVIDIA Co. will post 2.53 EPS for the current year.
NVIDIA Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 29th. Shareholders of record on Thursday, September 8th will be issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.13%. The ex-dividend date is Wednesday, September 7th. NVIDIA’s payout ratio is currently 5.25%.
Analyst Ratings Changes
A number of brokerages recently weighed in on NVDA. KeyCorp dropped their price objective on NVIDIA from $250.00 to $230.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 12th. Sanford C. Bernstein dropped their price objective on NVIDIA from $210.00 to $180.00 in a research report on Thursday, September 1st. TheStreet downgraded NVIDIA from a “b-” rating to a “c+” rating in a research report on Thursday, September 15th. Wedbush reissued a “neutral” rating and issued a $160.00 price target on shares of NVIDIA in a report on Wednesday. Finally, Piper Sandler lowered their price target on NVIDIA from $235.00 to $200.00 in a report on Thursday, September 1st. 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 given a strong buy rating to the company’s stock. According to MarketBeat, NVIDIA presently has an average rating of “Moderate Buy” and a consensus target price of $214.91.
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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