Oder Investment Management LLC Sells 55 Shares of NVIDIA Co. (NASDAQ:NVDA)

Oder Investment Management LLC cut its stake in NVIDIA Co. (NASDAQ:NVDA) by 4.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,166 shares of the computer hardware maker’s stock after selling 55 shares during the period. Oder Investment Management LLC’s holdings in NVIDIA were worth $493,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Marquette Asset Management LLC bought a new position in shares of NVIDIA during the 2nd quarter worth about $34,000. Nordwand Advisors LLC bought a new position in shares of NVIDIA during the 1st quarter worth about $28,000. MRP Capital Investments LLC bought a new position in shares of NVIDIA during the 2nd quarter worth about $42,000. Graham Capital Wealth Management LLC bought a new position in NVIDIA during the 1st quarter valued at about $311,102,000. Finally, Quarry LP bought a new position in NVIDIA during the 1st quarter valued at about $34,000. 64.79% of the stock is owned by institutional investors.

NVIDIA Price Performance

NVDA stock opened at $504.09 on Tuesday. 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 Co. has a 12 month low of $138.84 and a 12 month high of $505.48. The firm has a market cap of $1.25 trillion, a P/E ratio of 121.76, a P/E/G ratio of 3.80 and a beta of 1.69. The company’s 50-day moving average price is $445.22 and its two-hundred day moving average price is $425.77.

NVIDIA (NASDAQ:NVDA) last released its 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 firm had revenue of $13.51 billion for the quarter, compared to analyst estimates of $11.19 billion. During the same period last year, the firm earned $0.32 EPS. The business’s quarterly revenue was up 101.5% compared to the same quarter last year. On average, analysts anticipate that NVIDIA Co. will post 9.66 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 28th. Shareholders of record on Thursday, September 7th were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.03%. The ex-dividend date of this dividend was Wednesday, September 6th. NVIDIA’s dividend payout ratio is currently 3.86%.

Insider Activity

In other news, Director Mark A. Stevens sold 21,500 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $468.08, for a total value of $10,063,720.00. Following the sale, the director now directly 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 at the SEC website. In related news, CEO Jen Hsun Huang sold 29,688 shares of NVIDIA stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $471.55, for a total transaction of $13,999,376.40. Following the sale, the chief executive officer now directly owns 7,800,125 shares in the company, valued at approximately $3,678,148,943.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Mark A. Stevens sold 21,500 shares of NVIDIA stock in a transaction that occurred 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 sale, the director now owns 1,030,786 shares in the company, valued at $482,490,310.88. 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. Corporate insiders own 3.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NVDA. Evercore ISI lifted their price target on shares of NVIDIA to $600.00 in a report on Thursday, August 24th. Bank of America lifted their price target on shares of NVIDIA from $550.00 to $650.00 and gave the company a “buy” rating in a report on Thursday, August 24th. Wolfe Research lifted their price target on shares of NVIDIA from $570.00 to $630.00 and gave the company an “outperform” rating in a report on Thursday, August 24th. Stifel Nicolaus reissued a “buy” rating and set a $600.00 price target on shares of NVIDIA in a report on Friday. Finally, JPMorgan Chase & Co. lifted their price target on shares of NVIDIA from $500.00 to $600.00 and gave the company an “overweight” rating in a report on Thursday, August 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-two have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, NVIDIA has an average rating of “Moderate Buy” and an average 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.