Arkadios Wealth Advisors Acquires 7,266 Shares of NVIDIA Co. (NASDAQ:NVDA)

Arkadios Wealth Advisors grew its position in shares of NVIDIA Co. (NASDAQ:NVDAGet Rating) by 21.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 40,861 shares of the computer hardware maker’s stock after purchasing an additional 7,266 shares during the quarter. NVIDIA makes up 0.9% of Arkadios Wealth Advisors’ holdings, making the stock its 14th biggest holding. Arkadios Wealth Advisors’ holdings in NVIDIA were worth $6,194,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in NVDA. Rather & Kittrell Inc. bought a new stake in NVIDIA in the fourth quarter worth approximately $26,000. Claremont Financial Group Inc. purchased a new position in NVIDIA in the fourth quarter worth $29,000. Emerson Wealth LLC purchased a new position in NVIDIA in the first quarter worth $27,000. Clear Perspectives Financial Planning LLC purchased a new position in NVIDIA in the first quarter worth $28,000. Finally, Roble Belko & Company Inc boosted its position in NVIDIA by 550.0% in the first quarter. Roble Belko & Company Inc now owns 104 shares of the computer hardware maker’s stock worth $28,000 after purchasing an additional 88 shares during the last quarter. 62.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on NVDA shares. Craig Hallum cut their price objective on NVIDIA from $180.00 to $165.00 and set a “hold” rating on the stock in a research report on Thursday, August 25th. Susquehanna cut their price objective on NVIDIA from $200.00 to $190.00 and set a “positive” rating on the stock in a research report on Wednesday. Daiwa Capital Markets cut NVIDIA from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $215.00 to $133.00 in a research report on Friday, September 2nd. Sanford C. Bernstein dropped their price target on NVIDIA from $210.00 to $180.00 in a research report on Thursday, September 1st. Finally, TheStreet cut NVIDIA from a “b-” rating to a “c+” rating in a research report on Thursday, September 15th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $214.91.

NVIDIA Stock Down 5.3 %

Shares of NVIDIA stock opened at $125.61 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.11 and a current ratio of 3.62. NVIDIA Co. has a 52-week low of $124.28 and a 52-week high of $346.47. The stock has a market capitalization of $312.77 billion, a price-to-earnings ratio of 41.18, a P/E/G ratio of 4.35 and a beta of 1.69. The company’s 50 day moving average price is $162.82 and its 200-day moving average price is $185.71.

NVIDIA (NASDAQ:NVDAGet Rating) last released its quarterly earnings results on Wednesday, August 24th. The computer hardware maker reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.05). The company had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $6.70 billion. NVIDIA had a net margin of 26.03% and a return on equity of 36.83%. The business’s revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.89 EPS. Equities research analysts forecast that NVIDIA Co. will post 2.49 EPS for the current year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 29th. Investors 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 of this dividend is Wednesday, September 7th. NVIDIA’s dividend payout ratio (DPR) is currently 5.25%.

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.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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