Gladstone Capital Management LLP Increases Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Gladstone Capital Management LLP increased its position in NVIDIA Co. (NASDAQ:NVDA) by 677.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 656,010 shares of the computer hardware maker’s stock after buying an additional 571,582 shares during the period. NVIDIA comprises approximately 7.2% of Gladstone Capital Management LLP’s holdings, making the stock its 6th largest position. Gladstone Capital Management LLP’s holdings in NVIDIA were worth $81,043,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. HighVista Strategies LLC purchased a new stake in shares of NVIDIA during the second quarter worth about $1,482,000. Certified Advisory Corp increased its holdings in NVIDIA by 1,010.9% in the 2nd quarter. Certified Advisory Corp now owns 50,624 shares of the computer hardware maker’s stock valued at $6,254,000 after acquiring an additional 46,067 shares during the last quarter. Commonwealth Financial Services LLC lifted its stake in NVIDIA by 902.2% in the 2nd quarter. Commonwealth Financial Services LLC now owns 63,148 shares of the computer hardware maker’s stock worth $8,096,000 after purchasing an additional 56,847 shares in the last quarter. Cyrus J. Lawrence LLC boosted its holdings in shares of NVIDIA by 921.6% during the 2nd quarter. Cyrus J. Lawrence LLC now owns 238,228 shares of the computer hardware maker’s stock valued at $29,430,000 after purchasing an additional 214,909 shares during the last quarter. Finally, Delap Wealth Advisory LLC grew its position in shares of NVIDIA by 80.7% during the second quarter. Delap Wealth Advisory LLC now owns 10,240 shares of the computer hardware maker’s stock valued at $1,265,000 after purchasing an additional 4,572 shares in the last quarter. 65.27% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Jen Hsun Huang sold 120,000 shares of NVIDIA stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $99.81, for a total value of $11,977,200.00. Following the sale, the chief executive officer now directly owns 77,094,995 shares of the company’s stock, valued at $7,694,851,450.95. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other NVIDIA news, Director Tench Coxe sold 1,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $119.27, for a total value of $119,270,000.00. Following the transaction, the director now directly owns 5,852,480 shares of the company’s stock, valued at $698,025,289.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jen Hsun Huang sold 120,000 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $99.81, for a total value of $11,977,200.00. Following the completion of the sale, the chief executive officer now owns 77,094,995 shares of the company’s stock, valued at $7,694,851,450.95. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,636,270 shares of company stock worth $305,367,927 in the last quarter. Corporate insiders own 4.23% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Bank of America increased their price target on NVIDIA from $165.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, October 18th. DA Davidson reaffirmed a “neutral” rating and set a $90.00 price target on shares of NVIDIA in a research note on Thursday, August 29th. Robert W. Baird increased their price target on shares of NVIDIA from $120.00 to $150.00 and gave the company an “outperform” rating in a report on Thursday, August 29th. Morgan Stanley reaffirmed an “overweight” rating and issued a $150.00 price objective on shares of NVIDIA in a research note on Thursday, October 10th. Finally, Craig Hallum boosted their price objective on shares of NVIDIA from $125.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. Five research analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $143.07.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $141.54 on Friday. NVIDIA Co. has a twelve month low of $39.23 and a twelve month high of $144.42. The company has a current ratio of 4.27, a quick ratio of 3.79 and a debt-to-equity ratio of 0.15. The company has a market cap of $3.48 trillion, a PE ratio of 82.77, a price-to-earnings-growth ratio of 1.52 and a beta of 1.67. The company’s 50 day moving average is $124.25 and its 200 day moving average is $114.26.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, August 28th. The computer hardware maker reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.04. The firm had revenue of $30.04 billion for the quarter, compared to analyst estimates of $28.74 billion. NVIDIA had a net margin of 55.04% and a return on equity of 113.50%. The business’s quarterly revenue was up 122.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.25 earnings per share. On average, sell-side analysts forecast that NVIDIA Co. will post 2.65 EPS for the current year.

NVIDIA announced that its Board of Directors has initiated a stock buyback plan on Wednesday, August 28th that authorizes the company to repurchase $50.00 billion in shares. This repurchase authorization authorizes the computer hardware maker to repurchase up to 1.6% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its shares are undervalued.

NVIDIA Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Thursday, September 12th were given a $0.01 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is currently 2.34%.

NVIDIA Profile

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.