Dudley Capital Management LLC Increases Stake in NVIDIA Co. (NASDAQ:NVDA)

Dudley Capital Management LLC lifted its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 1.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 10,569 shares of the computer hardware maker’s stock after purchasing an additional 173 shares during the period. NVIDIA accounts for about 3.0% of Dudley Capital Management LLC’s portfolio, making the stock its 6th largest position. Dudley Capital Management LLC’s holdings in NVIDIA were worth $4,471,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Lineweaver Wealth Advisors LLC increased its position in shares of NVIDIA by 0.9% during the 2nd quarter. Lineweaver Wealth Advisors LLC now owns 2,432 shares of the computer hardware maker’s stock worth $1,029,000 after purchasing an additional 22 shares during the last quarter. BCM Advisors LLC increased its position in shares of NVIDIA by 0.8% during the 2nd quarter. BCM Advisors LLC now owns 3,023 shares of the computer hardware maker’s stock worth $1,390,000 after purchasing an additional 23 shares during the last quarter. Von Berge Wealth Management Group LLC increased its position in shares of NVIDIA by 2.6% during the 2nd quarter. Von Berge Wealth Management Group LLC now owns 930 shares of the computer hardware maker’s stock worth $393,000 after purchasing an additional 24 shares during the last quarter. LWM Advisory Services LLC increased its position in shares of NVIDIA by 1.2% during the 2nd quarter. LWM Advisory Services LLC now owns 2,018 shares of the computer hardware maker’s stock worth $855,000 after purchasing an additional 24 shares during the last quarter. Finally, Kapstone Financial Advisors LLC increased its position in shares of NVIDIA by 1.7% during the 2nd quarter. Kapstone Financial Advisors LLC now owns 1,436 shares of the computer hardware maker’s stock worth $668,000 after purchasing an additional 24 shares during the last quarter. Institutional investors own 64.79% of the company’s stock.

NVIDIA Stock Up 2.3 %

Shares of NASDAQ:NVDA opened at $504.09 on Tuesday. The business’s 50 day simple moving average is $445.22 and its two-hundred day simple moving average is $425.77. The firm has a market cap of $1.25 trillion, a P/E ratio of 121.76, a PEG ratio of 3.80 and a beta of 1.69. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.37 and a current ratio of 2.79. NVIDIA Co. has a 52-week low of $138.84 and a 52-week high of $505.48.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, August 23rd. The computer hardware maker reported $2.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.08 by $0.62. NVIDIA had a return on equity of 45.50% and a net margin of 31.59%. The business had revenue of $13.51 billion for the quarter, compared to analyst estimates of $11.19 billion. During the same quarter in the prior year, the company earned $0.32 earnings per share. The company’s quarterly revenue was up 101.5% on a year-over-year basis. As a group, research analysts forecast that NVIDIA Co. will post 9.66 EPS for the current fiscal year.

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 28th. Stockholders of record on Thursday, September 7th were issued a $0.04 dividend. The ex-dividend date of this dividend was Wednesday, September 6th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio is presently 3.86%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Oppenheimer boosted their target price on NVIDIA from $500.00 to $650.00 and gave the stock an “outperform” rating in a report on Thursday, August 24th. Citigroup decreased their target price on NVIDIA from $630.00 to $575.00 and set a “buy” rating on the stock in a report on Wednesday, October 18th. BNP Paribas raised NVIDIA from a “neutral” rating to an “outperform” rating and set a $745.00 target price on the stock in a report on Thursday, August 24th. Barclays boosted their price target on NVIDIA from $600.00 to $650.00 and gave the company an “overweight” rating in a research note on Thursday, August 24th. Finally, StockNews.com began coverage on NVIDIA in a research note on Thursday, October 5th. They issued a “hold” rating for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-two have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $571.49.

Insider Activity

In other news, CEO Jen Hsun Huang sold 29,688 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $486.40, for a total value of $14,440,243.20. Following the transaction, the chief executive officer now owns 7,800,125 shares in the company, valued at $3,793,980,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Jen Hsun Huang sold 29,688 shares of the stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $486.40, for a total transaction of $14,440,243.20. Following the completion of the sale, the chief executive officer now directly owns 7,800,125 shares of the company’s stock, valued at $3,793,980,800. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark A. Stevens sold 21,500 shares of the stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $468.08, for a total value of $10,063,720.00. Following the sale, the director now directly owns 1,030,786 shares of the company’s stock, valued at $482,490,310.88. The disclosure for this sale can be found here. Insiders have sold 145,232 shares of company stock worth $67,606,089 over the last 90 days. 3.99% of the stock is currently owned by corporate insiders.

NVIDIA Company Profile

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.