Boenning & Scattergood Inc. Sells 171 Shares of NVIDIA Co. (NASDAQ:NVDA)

Boenning & Scattergood Inc. lowered its holdings in shares of NVIDIA Co. (NASDAQ:NVDAGet Rating) by 1.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 13,282 shares of the computer hardware maker’s stock after selling 171 shares during the period. Boenning & Scattergood Inc.’s holdings in NVIDIA were worth $2,013,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Leisure Capital Management lifted its position in shares of NVIDIA by 2.4% in the 4th quarter. Leisure Capital Management now owns 1,945 shares of the computer hardware maker’s stock worth $572,000 after purchasing an additional 45 shares during the period. Invst LLC lifted its position in shares of NVIDIA by 2.0% in the 4th quarter. Invst LLC now owns 2,269 shares of the computer hardware maker’s stock worth $508,000 after purchasing an additional 45 shares during the period. Lenox Wealth Advisors LLC lifted its position in shares of NVIDIA by 5.3% in the 1st quarter. Lenox Wealth Advisors LLC now owns 947 shares of the computer hardware maker’s stock worth $219,000 after purchasing an additional 48 shares during the period. Vivaldi Capital Management LP lifted its position in shares of NVIDIA by 2.5% in the 4th quarter. Vivaldi Capital Management LP now owns 2,028 shares of the computer hardware maker’s stock worth $596,000 after purchasing an additional 50 shares during the period. Finally, Wealthquest Corp lifted its position in shares of NVIDIA by 1.2% in the 4th quarter. Wealthquest Corp now owns 4,130 shares of the computer hardware maker’s stock worth $1,214,000 after purchasing an additional 50 shares during the period. Institutional investors own 62.58% of the company’s stock.

NVIDIA Stock Performance

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

NVIDIA (NASDAQ:NVDAGet Rating) last announced its quarterly earnings results on Wednesday, August 24th. The computer hardware maker reported $0.51 EPS for the quarter, missing analysts’ consensus estimates 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 return on equity of 36.83% and a net margin of 26.03%. The business’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.89 earnings per share. As a group, equities research analysts expect that NVIDIA Co. will post 2.49 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 29th. Investors of record on Thursday, September 8th will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Wednesday, September 7th. This represents a $0.16 annualized dividend and a yield of 0.13%. NVIDIA’s dividend payout ratio (DPR) is 5.25%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on NVDA. Stifel Nicolaus began coverage on shares of NVIDIA in a research report on Wednesday, September 7th. They issued a “hold” rating and a $165.00 target price for the company. Jefferies Financial Group dropped their target price on shares of NVIDIA from $370.00 to $280.00 in a research report on Thursday, August 25th. TheStreet cut shares of NVIDIA from a “b-” rating to a “c+” rating in a research report on Thursday, September 15th. Bank of America lowered their price target on shares of NVIDIA from $270.00 to $220.00 and set a “buy” rating for the company in a research report on Wednesday, June 29th. Finally, The Goldman Sachs Group lowered their price target on shares of NVIDIA from $192.00 to $166.00 in a research report on Friday, July 15th. One analyst has rated the stock with a sell rating, ten have given a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, NVIDIA currently has an average rating of “Moderate Buy” and an average target price of $214.91.

NVIDIA Company 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.

Further Reading

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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