United Services Automobile Association grew its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 8.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 533,214 shares of the computer hardware maker’s stock after buying an additional 41,853 shares during the period. United Services Automobile Association owned approximately 0.09% of NVIDIA worth $126,318,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Kwmg LLC purchased a new stake in NVIDIA in the 2nd quarter valued at $105,000. Legacy Financial Advisors Inc. raised its position in NVIDIA by 111.0% in the 2nd quarter. Legacy Financial Advisors Inc. now owns 443 shares of the computer hardware maker’s stock valued at $110,000 after buying an additional 233 shares during the last quarter. Almanack Investment Partners LLC. purchased a new stake in NVIDIA in the 2nd quarter valued at $127,000. Ropes Wealth Advisors LLC raised its position in NVIDIA by 561.8% in the 2nd quarter. Ropes Wealth Advisors LLC now owns 589 shares of the computer hardware maker’s stock valued at $140,000 after buying an additional 500 shares during the last quarter. Finally, Rockefeller Capital Management L.P. purchased a new stake in NVIDIA in the 2nd quarter valued at $159,000. Hedge funds and other institutional investors own 65.64% of the company’s stock.

In other NVIDIA news, CFO Colette Kress sold 11,576 shares of the firm’s stock in a transaction dated Thursday, September 20th. The stock was sold at an average price of $266.31, for a total value of $3,082,804.56. Following the completion of the transaction, the chief financial officer now owns 297,482 shares in the company, valued at approximately $79,222,431.42. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Michael Byron sold 11,257 shares of the firm’s stock in a transaction dated Monday, September 24th. The stock was sold at an average price of $263.94, for a total value of $2,971,172.58. Following the completion of the transaction, the insider now owns 81,414 shares of the company’s stock, valued at approximately $21,488,411.16. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,876 shares of company stock valued at $6,066,024. 4.70% of the stock is owned by corporate insiders.

NVDA traded up $0.41 during trading hours on Thursday, hitting $267.33. The stock had a trading volume of 222,737 shares, compared to its average volume of 7,776,415. NVIDIA Co. has a 1 year low of $172.75 and a 1 year high of $285.22. The firm has a market cap of $163.19 billion, a P/E ratio of 57.13, a price-to-earnings-growth ratio of 3.52 and a beta of 1.62. The company has a debt-to-equity ratio of 0.23, a quick ratio of 6.66 and a current ratio of 7.41.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Thursday, August 16th. The computer hardware maker reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.28. NVIDIA had a return on equity of 54.18% and a net margin of 36.21%. The company had revenue of $3.12 billion during the quarter, compared to analyst estimates of $3.11 billion. During the same quarter last year, the firm posted $1.01 EPS. The firm’s revenue for the quarter was up 40.0% on a year-over-year basis. research analysts predict that NVIDIA Co. will post 7.15 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 21st. Shareholders of record on Thursday, August 30th were paid a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, August 29th. This represents a $0.60 annualized dividend and a yield of 0.22%. NVIDIA’s dividend payout ratio is currently 12.85%.

NVDA has been the subject of a number of analyst reports. Benchmark initiated coverage on NVIDIA in a research report on Tuesday, June 26th. They issued a “buy” rating and a $280.00 price target for the company. BidaskClub lowered NVIDIA from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 26th. Goldman Sachs Group raised their target price on NVIDIA from $310.00 to $324.00 and gave the company a “buy” rating in a research report on Tuesday, August 7th. Needham & Company LLC raised their target price on NVIDIA from $325.00 to $350.00 and gave the company a “buy” rating in a research report on Friday, September 14th. Finally, Bank of America raised their target price on NVIDIA from $340.00 to $360.00 and gave the company a “buy” rating in a research report on Tuesday. Nine analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $287.65.

NVIDIA Profile

NVIDIA Corporation operates as a visual computing company worldwide. It operates through two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based game-streaming service; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for AI utilizing deep learning, accelerated computing, and general purpose computing; GRID provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and cryptocurrency-specific graphics processing units.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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