Private Advisor Group LLC Cuts Position in NVIDIA Co. (NASDAQ:NVDA)

Private Advisor Group LLC lowered its position in shares of NVIDIA Co. (NASDAQ:NVDAGet Rating) by 7.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 300,098 shares of the computer hardware maker’s stock after selling 24,168 shares during the period. Private Advisor Group LLC’s holdings in NVIDIA were worth $45,493,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of NVIDIA by 1.2% during the first quarter. Vanguard Group Inc. now owns 198,462,079 shares of the computer hardware maker’s stock valued at $54,152,363,000 after purchasing an additional 2,446,529 shares during the period. BlackRock Inc. grew its position in shares of NVIDIA by 2.1% during the fourth quarter. BlackRock Inc. now owns 177,839,722 shares of the computer hardware maker’s stock worth $52,304,441,000 after buying an additional 3,591,440 shares in the last quarter. Norges Bank acquired a new stake in shares of NVIDIA during the fourth quarter worth approximately $6,279,217,000. Charles Schwab Investment Management Inc. grew its position in shares of NVIDIA by 2.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 12,269,735 shares of the computer hardware maker’s stock worth $3,347,921,000 after buying an additional 243,671 shares in the last quarter. Finally, Edgewood Management LLC grew its position in shares of NVIDIA by 8.6% during the first quarter. Edgewood Management LLC now owns 12,195,984 shares of the computer hardware maker’s stock worth $3,327,796,000 after buying an additional 964,349 shares in the last quarter. Hedge funds and other institutional investors own 62.58% of the company’s stock.

Analyst Ratings Changes

NVDA has been the subject of a number of recent analyst reports. Atlantic Securities decreased their price target on shares of NVIDIA to $205.00 in a research report on Thursday, May 26th. Sanford C. Bernstein decreased their price target on shares of NVIDIA from $210.00 to $180.00 in a research report on Thursday, September 1st. TheStreet downgraded shares of NVIDIA from a “b-” rating to a “c+” rating in a report on Thursday, September 15th. Barclays decreased their price objective on shares of NVIDIA from $200.00 to $190.00 and set an “overweight” rating for the company in a report on Thursday, August 25th. Finally, Daiwa Capital Markets downgraded shares of NVIDIA from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $215.00 to $133.00 in a report on Friday, September 2nd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, NVIDIA presently has a consensus rating of “Moderate Buy” and a consensus target price of $214.91.

NVIDIA Price Performance

Shares of NVIDIA stock opened at $125.61 on Friday. 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 company’s 50-day moving average price is $162.82 and its two-hundred day moving average price is $185.71. NVIDIA Co. has a 52 week low of $124.28 and a 52 week high of $346.47. The stock has a market cap of $312.77 billion, a PE ratio of 41.18, a price-to-earnings-growth ratio of 4.35 and a beta of 1.69.

NVIDIA (NASDAQ:NVDAGet Rating) last issued its quarterly earnings results on Wednesday, August 24th. The computer hardware maker reported $0.51 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.05). NVIDIA had a return on equity of 36.83% and a net margin of 26.03%. The business had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $6.70 billion. During the same quarter last year, the firm posted $0.89 earnings per share. NVIDIA’s revenue was up 3.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that NVIDIA Co. will post 2.49 EPS for the current fiscal 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 paid a $0.04 dividend. The ex-dividend date of this dividend is Wednesday, September 7th. This represents a $0.16 dividend on an annualized basis and a yield of 0.13%. NVIDIA’s dividend payout ratio is currently 5.25%.

About NVIDIA

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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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