NVIDIA Co. (NASDAQ:NVDA) Shares Bought by Private Wealth Partners LLC

Private Wealth Partners LLC increased its holdings in NVIDIA Co. (NASDAQ:NVDA) by 0.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,955 shares of the computer hardware maker’s stock after buying an additional 85 shares during the quarter. Private Wealth Partners LLC’s holdings in NVIDIA were worth $1,635,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the stock. Comerica Securities Inc. increased its stake in shares of NVIDIA by 95.7% during the 4th quarter. Comerica Securities Inc. now owns 2,853 shares of the computer hardware maker’s stock worth $381,000 after purchasing an additional 1,395 shares during the last quarter. Pennsylvania Trust Co increased its stake in shares of NVIDIA by 48.0% during the 1st quarter. Pennsylvania Trust Co now owns 3,792 shares of the computer hardware maker’s stock worth $680,000 after purchasing an additional 1,230 shares during the last quarter. BB&T Corp increased its stake in shares of NVIDIA by 324.2% during the 1st quarter. BB&T Corp now owns 15,365 shares of the computer hardware maker’s stock worth $2,759,000 after purchasing an additional 11,743 shares during the last quarter. Brinker Capital Inc. increased its stake in shares of NVIDIA by 11.5% during the 1st quarter. Brinker Capital Inc. now owns 8,690 shares of the computer hardware maker’s stock worth $1,560,000 after purchasing an additional 893 shares during the last quarter. Finally, Alta Capital Management LLC increased its stake in shares of NVIDIA by 0.7% during the 1st quarter. Alta Capital Management LLC now owns 64,656 shares of the computer hardware maker’s stock worth $11,609,000 after purchasing an additional 444 shares during the last quarter. Institutional investors own 66.93% of the company’s stock.

Shares of NASDAQ NVDA traded up $0.54 during mid-day trading on Thursday, reaching $171.77. 5,086,663 shares of the company were exchanged, compared to its average volume of 10,669,982. NVIDIA Co. has a 52 week low of $124.46 and a 52 week high of $292.76. The company has a quick ratio of 7.74, a current ratio of 8.65 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $104.01 billion, a PE ratio of 28.30, a PEG ratio of 4.27 and a beta of 2.07. The company’s 50 day moving average price is $163.83 and its 200 day moving average price is $163.65.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Thursday, August 15th. The computer hardware maker reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.37. NVIDIA had a net margin of 26.93% and a return on equity of 24.40%. The company had revenue of $2.58 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same period in the previous year, the firm posted $1.94 EPS. The firm’s revenue was down 17.4% compared to the same quarter last year. On average, sell-side analysts predict that NVIDIA Co. will post 4.08 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Thursday, August 29th will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date is Wednesday, August 28th. NVIDIA’s dividend payout ratio is currently 10.54%.

NVDA has been the subject of a number of recent research reports. Mizuho reiterated a “buy” rating and issued a $185.00 price objective (down from $192.00) on shares of NVIDIA in a research note on Friday, August 16th. Rosenblatt Securities reiterated a “buy” rating and issued a $180.00 price objective on shares of NVIDIA in a research note on Friday, August 16th. UBS Group reduced their price objective on shares of NVIDIA from $210.00 to $195.00 and set a “buy” rating for the company in a research note on Friday, May 17th. Susquehanna Bancshares set a $190.00 price objective on shares of NVIDIA and gave the company a “buy” rating in a research note on Friday, August 16th. Finally, JPMorgan Chase & Co. set a $200.00 price objective on shares of NVIDIA and gave the company a “buy” rating in a research note on Friday, August 16th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $189.50.

In other NVIDIA news, Director Persis Drell sold 2,500 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $166.80, for a total value of $417,000.00. Following the completion of the sale, the director now directly owns 20,684 shares of the company’s stock, valued at $3,450,091.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Harvey C. Jones sold 100,000 shares of the business’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $145.10, for a total transaction of $14,510,000.00. Following the completion of the sale, the director now directly owns 32,983 shares of the company’s stock, valued at $4,785,833.30. The disclosure for this sale can be found here. Insiders have sold a total of 107,236 shares of company stock valued at $15,712,126 over the last ninety days. 4.64% of the stock is currently owned by insiders.

NVIDIA Profile

NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. The GPU segment comprises of product brands which aims specialized markets including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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