NVIDIA Co. (NASDAQ:NVDA) Stock Position Lowered by Decatur Capital Management Inc.

Decatur Capital Management Inc. cut its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 1.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,857 shares of the computer hardware maker’s stock after selling 184 shares during the quarter. NVIDIA makes up approximately 5.2% of Decatur Capital Management Inc.’s holdings, making the stock its 3rd biggest holding. Decatur Capital Management Inc.’s holdings in NVIDIA were worth $7,554,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Bank Julius Baer & Co. Ltd Zurich increased its holdings in NVIDIA by 84,165.9% during the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,389,779,605 shares of the computer hardware maker’s stock valued at $587,904,569,000 after buying an additional 1,388,130,327 shares during the period. Geode Capital Management LLC boosted its stake in NVIDIA by 0.6% in the first quarter. Geode Capital Management LLC now owns 46,056,013 shares of the computer hardware maker’s stock valued at $12,763,663,000 after acquiring an additional 267,061 shares in the last quarter. Morgan Stanley boosted its stake in NVIDIA by 20.2% in the fourth quarter. Morgan Stanley now owns 27,533,756 shares of the computer hardware maker’s stock valued at $4,023,783,000 after acquiring an additional 4,621,002 shares in the last quarter. Norges Bank acquired a new stake in NVIDIA in the fourth quarter valued at approximately $3,900,874,000. Finally, Bank of New York Mellon Corp boosted its stake in NVIDIA by 1.5% in the first quarter. Bank of New York Mellon Corp now owns 21,702,416 shares of the computer hardware maker’s stock valued at $6,028,280,000 after acquiring an additional 322,662 shares in the last quarter. 64.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on NVDA. Bank of America raised their target price on shares of NVIDIA from $550.00 to $650.00 and gave the company a “buy” rating in a research note on Thursday, August 24th. JPMorgan Chase & Co. lifted their price objective on shares of NVIDIA from $500.00 to $600.00 and gave the stock an “overweight” rating in a research note on Thursday, August 24th. Wolfe Research lifted their price objective on shares of NVIDIA from $570.00 to $630.00 and gave the stock an “outperform” rating in a research note on Thursday, August 24th. Wells Fargo & Company lifted their price objective on shares of NVIDIA from $500.00 to $600.00 and gave the stock an “overweight” rating in a research note on Thursday, August 24th. Finally, Barclays lifted their price objective on shares of NVIDIA from $600.00 to $650.00 and gave the stock an “overweight” rating in a research note on Thursday, August 24th. One analyst has rated the stock with a sell rating, two have given a hold rating, thirty-two have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $571.49.

Insider Buying and Selling

In related news, CEO Jen Hsun Huang sold 29,688 shares of the business’s stock in a transaction dated 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 owns 7,800,125 shares of the company’s stock, valued at $3,678,148,943.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other NVIDIA news, CEO Jen Hsun Huang sold 29,688 shares of NVIDIA stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 7,800,125 shares in the company, valued at $3,678,148,943.75. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mark A. Stevens sold 21,500 shares of the company’s 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 transaction, the director now directly owns 1,030,786 shares of the company’s stock, valued at approximately $482,490,310.88. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 145,232 shares of company stock valued at $67,606,089. Corporate insiders own 3.99% of the company’s stock.

NVIDIA Trading Up 2.3 %

Shares of NVIDIA stock opened at $504.09 on Tuesday. NVIDIA Co. has a 1 year low of $138.84 and a 1 year high of $505.48. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.37 and a current ratio of 2.79. The company has a market capitalization of $1.25 trillion, a P/E ratio of 121.76, a PEG ratio of 3.80 and a beta of 1.69. The company’s fifty day moving average is $445.22 and its two-hundred day moving average is $425.77.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, August 23rd. The computer hardware maker reported $2.70 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.62. The business had revenue of $13.51 billion for the quarter, compared to the consensus estimate of $11.19 billion. NVIDIA had a net margin of 31.59% and a return on equity of 45.50%. The business’s quarterly revenue was up 101.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.32 earnings per share. Analysts forecast that NVIDIA Co. will post 9.66 earnings per share for the current year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 28th. Investors of record on Thursday, September 7th were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date was Wednesday, September 6th. NVIDIA’s dividend payout ratio is currently 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.