Good Life Advisors LLC Has $18.15 Million Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Good Life Advisors LLC lowered its stake in NVIDIA Co. (NASDAQ:NVDA) by 2.7% during the second quarter, Holdings Channel.com reports. The fund owned 42,906 shares of the computer hardware maker’s stock after selling 1,185 shares during the period. NVIDIA accounts for approximately 2.0% of Good Life Advisors LLC’s holdings, making the stock its 11th largest holding. Good Life Advisors LLC’s holdings in NVIDIA were worth $18,150,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. David J Yvars Group increased its position in NVIDIA by 1.5% during the first quarter. David J Yvars Group now owns 11,708 shares of the computer hardware maker’s stock worth $3,252,000 after buying an additional 168 shares during the last quarter. Telos Capital Management Inc. increased its position in NVIDIA by 48.1% during the first quarter. Telos Capital Management Inc. now owns 4,560 shares of the computer hardware maker’s stock worth $1,267,000 after buying an additional 1,482 shares during the last quarter. Personal Capital Advisors Corp increased its position in NVIDIA by 29.9% during the fourth quarter. Personal Capital Advisors Corp now owns 622,700 shares of the computer hardware maker’s stock worth $91,001,000 after buying an additional 143,483 shares during the last quarter. Alta Wealth Advisors LLC grew its position in shares of NVIDIA by 14.9% in the first quarter. Alta Wealth Advisors LLC now owns 6,650 shares of the computer hardware maker’s stock valued at $1,847,000 after purchasing an additional 863 shares during the last quarter. Finally, Inscription Capital LLC grew its position in shares of NVIDIA by 1.3% in the first quarter. Inscription Capital LLC now owns 9,643 shares of the computer hardware maker’s stock valued at $2,679,000 after purchasing an additional 127 shares during the last quarter. Institutional investors and hedge funds own 64.79% of the company’s stock.

Insider Activity at NVIDIA

In related news, Director John Dabiri sold 283 shares of the firm’s stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $424.53, for a total value of $120,141.99. Following the transaction, the director now owns 2,401 shares of the company’s stock, valued at approximately $1,019,296.53. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other NVIDIA news, Director John Dabiri sold 283 shares of NVIDIA stock in a transaction that occurred on Monday, June 26th. The shares were sold at an average price of $424.53, for a total transaction of $120,141.99. Following the transaction, the director now owns 2,401 shares of the company’s stock, valued at approximately $1,019,296.53. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jen Hsun Huang sold 29,688 shares of NVIDIA stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $471.55, for a total transaction of $13,999,376.40. Following the transaction, the chief executive officer now directly owns 7,800,125 shares in the company, valued at approximately $3,678,148,943.75. The disclosure for this sale can be found here. In the last quarter, insiders have sold 145,515 shares of company stock valued at $67,726,231. 3.99% of the stock is owned by corporate insiders.

NVIDIA Stock Performance

Shares of NVIDIA stock opened at $439.66 on Tuesday. The company has a market cap of $1.09 trillion, a P/E ratio of 106.20, a PEG ratio of 3.44 and a beta of 1.74. The business has a 50-day moving average price of $455.24 and a two-hundred day moving average price of $366.89. The company has a current ratio of 2.79, a quick ratio of 2.37 and a debt-to-equity ratio of 0.31. NVIDIA Co. has a 1-year low of $108.13 and a 1-year high of $502.66.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data 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 company had revenue of $13.51 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.32 EPS. As a group, analysts anticipate that NVIDIA Co. will post 9.46 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, September 7th will be given a $0.04 dividend. The ex-dividend date is Wednesday, September 6th. This represents a $0.16 annualized dividend and a yield of 0.04%. NVIDIA’s payout ratio is 3.86%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Argus upped their target price on NVIDIA from $450.00 to $600.00 and gave the company a “buy” rating in a research report on Thursday, August 24th. Wedbush boosted their price target on NVIDIA from $490.00 to $600.00 and gave the company an “outperform” rating in a research note 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. Tigress Financial boosted their price target on NVIDIA from $320.00 to $560.00 in a research note on Friday, July 7th. Finally, UBS Group boosted their price target on NVIDIA from $540.00 to $560.00 and gave the company a “buy” rating in a research note on Thursday, August 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $555.70.

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.