KMG Fiduciary Partners LLC Purchases 3,071 Shares of NVIDIA Co. (NASDAQ:NVDA)

KMG Fiduciary Partners LLC grew its stake in shares of NVIDIA Co. (NASDAQ:NVDAGet Rating) by 9.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,018 shares of the computer hardware maker’s stock after purchasing an additional 3,071 shares during the period. NVIDIA makes up 1.0% of KMG Fiduciary Partners LLC’s investment portfolio, making the stock its 29th largest holding. KMG Fiduciary Partners LLC’s holdings in NVIDIA were worth $5,308,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently modified their holdings of the stock. Monterey Private Wealth Inc. boosted its stake in shares of NVIDIA by 19.2% during the 2nd quarter. Monterey Private Wealth Inc. now owns 2,080 shares of the computer hardware maker’s stock valued at $315,000 after purchasing an additional 335 shares in the last quarter. Birch Hill Investment Advisors LLC lifted its position in NVIDIA by 15.5% during the 2nd quarter. Birch Hill Investment Advisors LLC now owns 4,540 shares of the computer hardware maker’s stock valued at $688,000 after acquiring an additional 610 shares during the period. IMS Capital Management lifted its position in NVIDIA by 6.1% during the 2nd quarter. IMS Capital Management now owns 15,103 shares of the computer hardware maker’s stock valued at $2,289,000 after acquiring an additional 873 shares during the period. Gateway Investment Advisers LLC lifted its position in NVIDIA by 6.1% during the 2nd quarter. Gateway Investment Advisers LLC now owns 720,758 shares of the computer hardware maker’s stock valued at $109,260,000 after acquiring an additional 41,484 shares during the period. Finally, Mechanics Bank Trust Department lifted its position in NVIDIA by 30.7% during the 2nd quarter. Mechanics Bank Trust Department now owns 15,350 shares of the computer hardware maker’s stock valued at $2,327,000 after acquiring an additional 3,602 shares during the period. Institutional investors own 62.58% of the company’s stock.

Analyst Ratings Changes

NVDA has been the subject of a number of recent research reports. KeyCorp lowered their price target on shares of NVIDIA from $250.00 to $230.00 and set an “overweight” rating for the company in a research report on Tuesday, July 12th. Fubon Bank cut shares of NVIDIA from a “buy” rating to a “neutral” rating in a report on Thursday, August 25th. Susquehanna Bancshares decreased their target price on shares of NVIDIA from $200.00 to $190.00 and set a “positive” rating for the company in a report on Wednesday. Atlantic Securities decreased their target price on shares of NVIDIA to $205.00 in a report on Thursday, May 26th. Finally, Daiwa Capital Markets cut shares of NVIDIA from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $215.00 to $133.00 in a report on Friday, September 2nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $214.91.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $125.61 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.11 and a current ratio of 3.62. The firm has a fifty day moving average price of $162.82 and a 200 day moving average price of $185.71. NVIDIA Co. has a fifty-two week low of $124.28 and a fifty-two week high of $346.47. The firm 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 (NASDAQ:NVDAGet Rating) last issued its 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). NVIDIA had a return on equity of 36.83% and a net margin of 26.03%. The company had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $6.70 billion. During the same quarter in the prior year, the company posted $0.89 EPS. NVIDIA’s revenue was up 3.0% compared to the same quarter last year. As a group, sell-side analysts expect that NVIDIA Co. will post 2.49 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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