BW Gestao de Investimentos Ltda. Has $412,000 Stock Position in NVIDIA Corporation $NVDA

0
2

[ad_1]

BW Gestao de Investimentos Ltda. reduced its position in NVIDIA Corporation (NASDAQ:NVDAFree Report) by 93.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 3,800 shares of the computer hardware maker’s stock after selling 57,000 shares during the period. BW Gestao de Investimentos Ltda.’s holdings in NVIDIA were worth $412,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Astoria Portfolio Advisors LLC. lifted its position in NVIDIA by 0.9% during the first quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker’s stock worth $9,610,000 after acquiring an additional 864 shares during the last quarter. Centerpoint Advisory Group grew its position in shares of NVIDIA by 2.5% in the first quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker’s stock valued at $4,270,000 after purchasing an additional 943 shares during the last quarter. GSB Wealth Management LLC increased its stake in shares of NVIDIA by 3.3% during the first quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker’s stock worth $3,534,000 after purchasing an additional 1,043 shares during the period. Variant Private Wealth LLC lifted its holdings in NVIDIA by 20.6% during the 1st quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker’s stock worth $2,038,000 after purchasing an additional 3,206 shares during the last quarter. Finally, Financial Perspectives Inc lifted its holdings in NVIDIA by 2.8% during the 1st quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker’s stock worth $4,981,000 after purchasing an additional 1,265 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on NVDA. Summit Insights raised NVIDIA from a “hold” rating to a “buy” rating in a report on Thursday, May 29th. Cantor Fitzgerald reissued an “overweight” rating and set a $240.00 price target on shares of NVIDIA in a report on Thursday, August 28th. Oppenheimer reissued an “outperform” rating and set a $225.00 price target (up from $200.00) on shares of NVIDIA in a report on Thursday, August 28th. Stifel Nicolaus raised their target price on shares of NVIDIA from $202.00 to $212.00 and gave the stock a “buy” rating in a report on Monday, August 25th. Finally, Raymond James Financial raised their target price on shares of NVIDIA from $150.00 to $165.00 and gave the stock a “strong-buy” rating in a report on Thursday, May 29th. Four research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $207.83.

Want More Great Investing Ideas?

Read Our Latest Research Report on NVDA

NVIDIA Stock Performance

NASDAQ NVDA opened at $177.82 on Friday. The firm’s fifty day moving average price is $174.42 and its two-hundred day moving average price is $141.58. The stock has a market cap of $4.32 trillion, a PE ratio of 50.66, a PEG ratio of 1.29 and a beta of 2.10. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $184.48. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21.

NVIDIA (NASDAQ:NVDAGet Free Report) last posted its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.04. The firm had revenue of $46.74 billion for the quarter, compared to analysts’ expectations of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The company’s revenue was up 55.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. On average, equities analysts expect that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date of this dividend is Thursday, September 11th. NVIDIA’s payout ratio is presently 1.14%.

Insiders Place Their Bets

In other news, Director Dawn E. Hudson sold 18,000 shares of NVIDIA stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $172.00, for a total transaction of $3,096,000.00. Following the transaction, the director owned 368,887 shares in the company, valued at approximately $63,448,564. The trade was a 4.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $177.57, for a total transaction of $13,317,750.00. Following the transaction, the chief executive officer owned 72,248,366 shares in the company, valued at approximately $12,829,142,350.62. This trade represents a 0.10% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,907,755 shares of company stock worth $633,253,430. Insiders own 4.17% of the company’s stock.

NVIDIA Company Profile

(Free Report)

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The 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; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.

See Also

Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Corporation (NASDAQ:NVDAFree Report).

Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)



Receive News & Ratings for NVIDIA Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for NVIDIA and related companies with MarketBeat.com’s FREE daily email newsletter.

[ad_2]

Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here