Stephens Inc. AR lifted its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 10.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,290 shares of the computer hardware maker’s stock after buying an additional 517 shares during the quarter. Stephens Inc. AR’s holdings in NVIDIA were worth $1,253,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Grimes & Company Inc. raised its stake in NVIDIA by 9.0% in the 2nd quarter. Grimes & Company Inc. now owns 2,480 shares of the computer hardware maker’s stock valued at $588,000 after purchasing an additional 205 shares during the last quarter. Charter Trust Co. raised its stake in NVIDIA by 4.9% in the 2nd quarter. Charter Trust Co. now owns 4,471 shares of the computer hardware maker’s stock valued at $1,059,000 after purchasing an additional 207 shares during the last quarter. Concorde Asset Management LLC raised its stake in NVIDIA by 16.3% in the 2nd quarter. Concorde Asset Management LLC now owns 1,481 shares of the computer hardware maker’s stock valued at $351,000 after purchasing an additional 208 shares during the last quarter. LVW Advisors LLC raised its stake in NVIDIA by 11.7% in the 2nd quarter. LVW Advisors LLC now owns 2,010 shares of the computer hardware maker’s stock valued at $476,000 after purchasing an additional 210 shares during the last quarter. Finally, Amarillo National Bank increased its stake in shares of NVIDIA by 19.1% in the 2nd quarter. Amarillo National Bank now owns 1,358 shares of the computer hardware maker’s stock worth $322,000 after acquiring an additional 218 shares during the last quarter. 65.69% of the stock is owned by institutional investors and hedge funds.

Shares of NVIDIA stock opened at $272.72 on Friday. NVIDIA Co. has a 12 month low of $162.71 and a 12 month high of $285.22. The stock has a market cap of $169.28 billion, a P/E ratio of 58.40, a PEG ratio of 3.65 and a beta of 1.62. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.41 and a quick ratio of 6.66.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Thursday, August 16th. The computer hardware maker reported $1.94 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.28. NVIDIA had a return on equity of 54.18% and a net margin of 36.21%. The company had revenue of $3.12 billion during the quarter, compared to analysts’ expectations of $3.11 billion. During the same period last year, the business posted $1.01 EPS. NVIDIA’s revenue for the quarter was up 40.0% on a year-over-year basis. equities analysts expect that NVIDIA Co. will post 7.15 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 21st. Investors of record on Thursday, August 30th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.22%. The ex-dividend date is Wednesday, August 29th. NVIDIA’s dividend payout ratio (DPR) is 12.85%.

A number of analysts have issued reports on the company. BidaskClub raised NVIDIA from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 25th. Wells Fargo & Co raised NVIDIA from an “underperform” rating to an “outperform” rating and raised their target price for the stock from $140.00 to $315.00 in a research note on Tuesday, August 14th. Bank of America reaffirmed a “buy” rating and issued a $340.00 target price on shares of NVIDIA in a research note on Friday, May 11th. SunTrust Banks raised their target price on NVIDIA to $316.00 and gave the stock a “buy” rating in a research note on Friday, May 11th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $250.00 target price (up from $243.00) on shares of NVIDIA in a research note on Friday, August 17th. Eight equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $281.58.

In other NVIDIA news, Director Mark A. Stevens sold 38,040 shares of the stock in a transaction dated Wednesday, June 13th. The stock was sold at an average price of $263.61, for a total value of $10,027,724.40. Following the sale, the director now owns 159,287 shares of the company’s stock, valued at approximately $41,989,646.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Harvey C. Jones sold 100,000 shares of the stock in a transaction dated Tuesday, June 26th. The shares were sold at an average price of $242.11, for a total value of $24,211,000.00. Following the completion of the sale, the director now directly owns 31,725 shares in the company, valued at approximately $7,680,939.75. The disclosure for this sale can be found here. Insiders sold a total of 143,615 shares of company stock worth $35,717,358 in the last ninety days. 4.70% of the stock is owned by corporate insiders.

NVIDIA Company Profile

NVIDIA Corporation operates as a visual computing company worldwide. It operates through two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based game-streaming service; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for AI utilizing deep learning, accelerated computing, and general purpose computing; GRID provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and cryptocurrency-specific graphics processing units.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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