Franklin Street Advisors Inc. NC Sells 531 Shares of NVIDIA Co. (NASDAQ:NVDA)

Franklin Street Advisors Inc. NC trimmed its stake in NVIDIA Co. (NASDAQ:NVDAGet Rating) by 0.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 132,178 shares of the computer hardware maker’s stock after selling 531 shares during the period. NVIDIA comprises about 1.9% of Franklin Street Advisors Inc. NC’s investment portfolio, making the stock its 15th largest position. Franklin Street Advisors Inc. NC’s holdings in NVIDIA were worth $20,037,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Resonant Capital Advisors LLC grew its holdings in shares of NVIDIA by 6.9% during the first quarter. Resonant Capital Advisors LLC now owns 1,796 shares of the computer hardware maker’s stock worth $480,000 after purchasing an additional 116 shares during the last quarter. GenTrust LLC grew its holdings in shares of NVIDIA by 16.4% during the first quarter. GenTrust LLC now owns 2,844 shares of the computer hardware maker’s stock worth $776,000 after purchasing an additional 400 shares during the last quarter. Relyea Zuckerberg Hanson LLC lifted its stake in shares of NVIDIA by 16.6% during the first quarter. Relyea Zuckerberg Hanson LLC now owns 2,124 shares of the computer hardware maker’s stock valued at $472,000 after acquiring an additional 303 shares during the period. Lannebo Fonder AB lifted its stake in shares of NVIDIA by 5.9% during the first quarter. Lannebo Fonder AB now owns 90,000 shares of the computer hardware maker’s stock valued at $24,557,000 after acquiring an additional 5,000 shares during the period. Finally, Secure Asset Management LLC lifted its stake in shares of NVIDIA by 6.3% during the first quarter. Secure Asset Management LLC now owns 12,304 shares of the computer hardware maker’s stock valued at $3,357,000 after acquiring an additional 731 shares during the period. 62.58% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on NVDA shares. Citigroup cut their price target on NVIDIA from $285.00 to $248.00 and set a “buy” rating on the stock in a research note on Thursday, August 25th. JPMorgan Chase & Co. cut their price target on NVIDIA from $230.00 to $220.00 in a research note on Thursday, August 25th. Cowen cut their price target on NVIDIA from $350.00 to $265.00 and set an “outperform” rating on the stock in a research note on Thursday, May 26th. Morgan Stanley cut their price target on NVIDIA from $217.00 to $182.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 26th. Finally, Fubon Bank lowered NVIDIA from a “buy” rating to a “neutral” rating in a research note on Thursday, August 25th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, NVIDIA has a consensus rating of “Moderate Buy” and an average target price of $214.91.

NVIDIA Stock Down 5.3 %

NVDA stock opened at $125.61 on Friday. The company has a quick ratio of 3.11, a current ratio of 3.62 and a debt-to-equity ratio of 0.41. The business has a 50 day moving average price of $162.82 and a two-hundred day moving average price of $185.71. The company has a market cap of $312.77 billion, a price-to-earnings ratio of 41.18, a P/E/G ratio of 4.35 and a beta of 1.69. NVIDIA Co. has a twelve month low of $124.28 and a twelve month high of $346.47.

NVIDIA (NASDAQ:NVDAGet Rating) last posted its quarterly earnings results on Wednesday, August 24th. The computer hardware maker reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.05). The company had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $6.70 billion. NVIDIA had a net margin of 26.03% and a return on equity of 36.83%. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.89 earnings per share. Analysts anticipate that NVIDIA Co. will post 2.49 EPS for the current fiscal year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 29th. Shareholders of record on Thursday, September 8th will be paid a $0.04 dividend. The ex-dividend date of this dividend is Wednesday, September 7th. This represents a $0.16 dividend on an annualized basis and a yield of 0.13%. NVIDIA’s dividend payout ratio is 5.25%.

NVIDIA Company Profile

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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.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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