Bard Financial Services Inc. Has $8.06 Million Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Bard Financial Services Inc. lowered its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 0.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,050 shares of the computer hardware maker’s stock after selling 75 shares during the period. Bard Financial Services Inc.’s holdings in NVIDIA were worth $8,059,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Contravisory Investment Management Inc. bought a new position in NVIDIA in the first quarter worth approximately $28,000. Nordwand Advisors LLC bought a new position in NVIDIA in the first quarter worth approximately $28,000. Graham Capital Wealth Management LLC bought a new position in NVIDIA in the first quarter worth approximately $311,102,000. Quarry LP bought a new position in NVIDIA in the first quarter worth approximately $34,000. Finally, 25 LLC bought a new position in NVIDIA in the first quarter worth approximately $46,000. Institutional investors and hedge funds own 64.79% of the company’s stock.

Wall Street Analysts Forecast Growth

NVDA has been the topic of a number of recent research reports. Wedbush raised their target price on NVIDIA from $490.00 to $600.00 and gave the company an “outperform” rating in a report on Thursday, August 24th. Craig Hallum raised their target price on NVIDIA from $500.00 to $700.00 and gave the company a “buy” rating in a report on Thursday, August 24th. Benchmark raised their target price on NVIDIA from $475.00 to $625.00 and gave the company a “buy” rating in a report on Thursday, August 24th. Stifel Nicolaus raised NVIDIA from a “hold” rating to a “buy” rating and increased their price target for the company from $440.00 to $600.00 in a research report on Thursday, August 24th. Finally, TD Cowen increased their price target on NVIDIA from $500.00 to $600.00 and gave the company an “outperform” rating in a research report on Thursday, August 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $555.70.

Insider Activity

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

NVIDIA Stock Up 0.2 %

Shares of NASDAQ:NVDA opened at $439.66 on Tuesday. NVIDIA Co. has a 1 year low of $108.13 and a 1 year high of $502.66. The business has a 50 day simple moving average of $455.24 and a two-hundred day simple moving average of $366.89. The firm has a market capitalization of $1.09 trillion, a PE ratio of 106.20, a price-to-earnings-growth ratio of 3.44 and a beta of 1.74. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.79 and a quick ratio of 2.37.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results 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 firm had revenue of $13.51 billion during the quarter, compared to analyst estimates of $11.19 billion. NVIDIA had a return on equity of 45.50% and a net margin of 31.59%. NVIDIA’s quarterly revenue was up 101.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.32 earnings per share. On average, equities analysts predict that NVIDIA Co. will post 9.46 EPS for the current year.

NVIDIA Announces Dividend

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

NVIDIA Company 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.