Alan B Lancz & Associates Inc. Sells 550 Shares of NVIDIA Co. (NASDAQ:NVDA)

Alan B Lancz & Associates Inc. decreased its holdings in NVIDIA Co. (NASDAQ:NVDA) by 18.9% in the 2nd quarter, HoldingsChannel reports. The firm owned 2,354 shares of the computer hardware maker’s stock after selling 550 shares during the quarter. NVIDIA accounts for approximately 1.1% of Alan B Lancz & Associates Inc.’s portfolio, making the stock its 20th largest position. Alan B Lancz & Associates Inc.’s holdings in NVIDIA were worth $996,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. RS Crum Inc. acquired a new stake in shares of NVIDIA in the 2nd quarter valued at $446,000. Rain Capital Management LLC acquired a new stake in shares of NVIDIA in the 2nd quarter valued at $217,000. Dudley Capital Management LLC increased its stake in shares of NVIDIA by 1.7% in the 2nd quarter. Dudley Capital Management LLC now owns 10,569 shares of the computer hardware maker’s stock valued at $4,471,000 after buying an additional 173 shares during the period. Kingswood Wealth Advisors LLC acquired a new stake in shares of NVIDIA in the 2nd quarter valued at $6,642,000. Finally, Arrow Financial Corp increased its stake in shares of NVIDIA by 1.2% in the 2nd quarter. Arrow Financial Corp now owns 19,406 shares of the computer hardware maker’s stock valued at $8,209,000 after buying an additional 237 shares during the period. Institutional investors own 64.79% of the company’s stock.

Insider Transactions at NVIDIA

In other news, CEO Jen Hsun Huang sold 29,688 shares of the stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $448.99, for a total transaction of $13,329,615.12. Following the transaction, the chief executive officer now owns 7,918,875 shares in the company, valued at $3,555,495,686.25. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other NVIDIA news, Director Mark A. Stevens sold 21,500 shares of the firm’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $468.08, for a total transaction of $10,063,720.00. Following the transaction, the director now owns 1,030,786 shares in the company, valued at approximately $482,490,310.88. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Jen Hsun Huang sold 29,688 shares of the firm’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $448.99, for a total value of $13,329,615.12. Following the transaction, the chief executive officer now owns 7,918,875 shares in the company, valued at approximately $3,555,495,686.25. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 145,232 shares of company stock worth $67,606,089. Company insiders own 3.99% of the company’s stock.

NVIDIA Stock Performance

NVDA 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 cap of $1.25 trillion, a price-to-earnings ratio of 121.76, a PEG ratio of 3.80 and a beta of 1.69. The business has a 50 day moving average of $445.22 and a 200-day moving average of $425.77. The company has a quick ratio of 2.37, a current ratio of 2.79 and a debt-to-equity ratio of 0.31.

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, beating analysts’ consensus estimates of $2.08 by $0.62. The company had revenue of $13.51 billion during the quarter, compared to analysts’ expectations of $11.19 billion. NVIDIA had a return on equity of 45.50% and a net margin of 31.59%. The business’s revenue was up 101.5% on a year-over-year basis. During the same period last year, the firm posted $0.32 earnings per share. On average, equities research analysts expect that NVIDIA Co. will post 9.66 earnings per share for the current year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 28th. Stockholders of record on Thursday, September 7th were paid a dividend of $0.04 per share. The ex-dividend date 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 currently 3.86%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Westpark Capital raised NVIDIA from a “hold” rating to a “buy” rating and set a $690.00 target price for the company in a research note on Thursday, August 24th. Bank of America lifted their price objective on NVIDIA from $550.00 to $650.00 and gave the stock a “buy” rating in a research note on Thursday, August 24th. Phillip Securities raised NVIDIA from an “accumulate” rating to a “buy” rating in a research note on Monday, August 28th. Robert W. Baird lifted their price objective on NVIDIA from $570.00 to $750.00 and gave the stock an “outperform” rating in a research note on Thursday, August 24th. Finally, HSBC lifted their price objective on NVIDIA from $600.00 to $780.00 and gave the stock a “buy” rating in a research note on Monday, August 21st. One equities research 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’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.