NVIDIA Co. (NASDAQ:NVDA) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 10.8% in the 2nd quarter, HoldingsChannel reports. The fund owned 4,432,654 shares of the computer hardware maker’s stock after acquiring an additional 430,278 shares during the period. NVIDIA accounts for about 0.6% of Dimensional Fund Advisors LP’s portfolio, making the stock its 9th biggest holding. Dimensional Fund Advisors LP’s holdings in NVIDIA were worth $1,874,962,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NVDA. Von Berge Wealth Management Group LLC boosted its holdings in shares of NVIDIA by 2.6% in the 2nd quarter. Von Berge Wealth Management Group LLC now owns 930 shares of the computer hardware maker’s stock valued at $393,000 after buying an additional 24 shares in the last quarter. DBK Financial Counsel LLC acquired a new position in shares of NVIDIA in the 2nd quarter valued at $265,000. IFM Investors Pty Ltd boosted its holdings in shares of NVIDIA by 4.9% in the 2nd quarter. IFM Investors Pty Ltd now owns 488,552 shares of the computer hardware maker’s stock valued at $206,667,000 after buying an additional 22,809 shares in the last quarter. Mayport LLC boosted its stake in NVIDIA by 69.6% during the 2nd quarter. Mayport LLC now owns 1,833 shares of the computer hardware maker’s stock worth $775,000 after purchasing an additional 752 shares during the period. Finally, Heartwood Wealth Advisors LLC acquired a new stake in NVIDIA during the 2nd quarter worth $489,000. Institutional investors and hedge funds own 64.79% of the company’s stock.

Insider Buying and Selling

In other NVIDIA news, CFO Colette Kress sold 4,980 shares of NVIDIA stock in a transaction on Monday, August 28th. The shares were sold at an average price of $460.74, for a total value of $2,294,485.20. Following the completion of the transaction, the chief financial officer now owns 499,428 shares of the company’s stock, valued at $230,106,456.72. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Mark A. Stevens sold 21,500 shares of the business’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $468.08, for a total transaction of $10,063,720.00. Following the completion of the transaction, the director now owns 1,030,786 shares of the company’s stock, valued at $482,490,310.88. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Colette Kress sold 4,980 shares of the business’s stock in a transaction on 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 transaction, the chief financial officer now directly 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. Over the last quarter, insiders sold 145,232 shares of company stock worth $67,606,089. Insiders own 3.99% of the company’s stock.

NVIDIA Stock Up 2.3 %

Shares of NASDAQ:NVDA opened at $504.09 on Tuesday. The company has a current ratio of 2.79, a quick ratio of 2.37 and a debt-to-equity ratio of 0.31. The company has a fifty day simple moving average of $445.22 and a 200 day simple moving average of $425.77. The firm has a market cap 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. NVIDIA Co. has a 12-month low of $138.84 and a 12-month high of $505.48.

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

NVIDIA Announces Dividend

The business also recently declared 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 dividend yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is presently 3.86%.

Wall Street Analyst Weigh In

NVDA has been the subject of a number of recent research reports. Phillip Securities upgraded shares of NVIDIA from an “accumulate” rating to a “buy” rating in a research note on Monday, August 28th. Citigroup decreased their price target on shares of NVIDIA from $630.00 to $575.00 and set a “buy” rating for the company in a research note on Wednesday, October 18th. Wolfe Research raised their price target on shares of NVIDIA from $570.00 to $630.00 and gave the stock an “outperform” rating in a research note on Thursday, August 24th. UBS Group raised their price target on shares of NVIDIA from $540.00 to $560.00 and gave the stock a “buy” rating in a research note on Thursday, August 24th. Finally, Truist Financial raised their price target on shares of NVIDIA from $545.00 to $668.00 and gave the stock a “buy” rating in a research note on Thursday, August 24th. One analyst has rated the stock with a sell rating, two have given a hold rating, thirty-two have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, NVIDIA currently has a consensus rating of “Moderate Buy” and a consensus price target of $571.49.

About NVIDIA

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.