NVIDIA Co. (NASDAQ:NVDA) Holdings Lowered by Decatur Capital Management Inc.

Decatur Capital Management Inc. trimmed its holdings in NVIDIA Co. (NASDAQ:NVDA) by 1.0% during the 2nd quarter, Holdings Channel.com reports. The fund owned 17,857 shares of the computer hardware maker’s stock after selling 184 shares during the period. NVIDIA accounts for about 5.2% of Decatur Capital Management Inc.’s portfolio, making the stock its 3rd largest position. Decatur Capital Management Inc.’s holdings in NVIDIA were worth $7,554,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in NVDA. United Bank lifted its position in shares of NVIDIA by 28.9% in the first quarter. United Bank now owns 7,717 shares of the computer hardware maker’s stock worth $2,106,000 after buying an additional 1,730 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of NVIDIA by 6.8% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,904,772 shares of the computer hardware maker’s stock worth $1,065,457,000 after buying an additional 249,045 shares in the last quarter. MAS Advisors LLC increased its stake in NVIDIA by 42.1% during the first quarter. MAS Advisors LLC now owns 1,967 shares of the computer hardware maker’s stock worth $545,000 after acquiring an additional 583 shares during the last quarter. Navis Wealth Advisors LLC increased its stake in NVIDIA by 205.3% during the first quarter. Navis Wealth Advisors LLC now owns 2,900 shares of the computer hardware maker’s stock worth $791,000 after acquiring an additional 1,950 shares during the last quarter. Finally, Ergoteles LLC bought a new stake in NVIDIA during the first quarter worth approximately $929,000. 64.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at NVIDIA

In other news, CEO Jen Hsun Huang sold 29,688 shares of the firm’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $486.40, for a total transaction of $14,440,243.20. Following the completion of the transaction, the chief executive officer now directly owns 7,800,125 shares of the company’s stock, valued at approximately $3,793,980,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other NVIDIA news, CEO Jen Hsun Huang sold 29,688 shares of the firm’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $486.40, for a total value of $14,440,243.20. Following the completion of the sale, the chief executive officer now owns 7,800,125 shares in the company, valued at approximately $3,793,980,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Colette Kress sold 4,980 shares of the firm’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $460.74, for a total transaction of $2,294,485.20. Following the completion of the sale, the chief financial officer now owns 499,428 shares of the company’s stock, valued at approximately $230,106,456.72. The disclosure for this sale can be found here. In the last three months, insiders have sold 145,232 shares of company stock worth $67,606,089. 3.99% of the stock is owned by insiders.

NVIDIA Trading Up 2.3 %

NVIDIA stock opened at $504.09 on Tuesday. NVIDIA Co. has a 12-month low of $138.84 and a 12-month high of $505.48. The stock has a market capitalization of $1.25 trillion, a PE ratio of 121.76, a price-to-earnings-growth ratio of 3.80 and a beta of 1.69. The firm has a 50 day simple moving average of $445.22 and a 200-day simple moving average of $425.77. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.79 and a quick ratio of 2.37.

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

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 28th. Investors of record on Thursday, September 7th were paid 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 yield of 0.03%. NVIDIA’s payout ratio is presently 3.86%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Stifel Nicolaus reissued a “buy” rating and set a $600.00 price objective on shares of NVIDIA in a research note on Friday. BNP Paribas raised NVIDIA from a “neutral” rating to an “outperform” rating and set a $745.00 target price on the stock in a research note on Thursday, August 24th. Deutsche Bank Aktiengesellschaft increased their price objective on NVIDIA from $440.00 to $560.00 and gave the stock a “hold” rating in a research note on Thursday, August 24th. Wedbush restated an “outperform” rating and set a $600.00 target price on shares of NVIDIA in a report on Friday. Finally, Citigroup decreased their price objective on NVIDIA from $630.00 to $575.00 and set a “buy” rating for the company in a report on Wednesday, October 18th. One equities research 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 issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $571.49.

NVIDIA 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.