Stillwater Capital Advisors LLC Purchases 508 Shares of NVIDIA Co. (NASDAQ:NVDA)

Stillwater Capital Advisors LLC boosted its stake in NVIDIA Co. (NASDAQ:NVDAGet Rating) by 0.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 65,384 shares of the computer hardware maker’s stock after purchasing an additional 508 shares during the quarter. NVIDIA comprises approximately 1.8% of Stillwater Capital Advisors LLC’s holdings, making the stock its 24th largest holding. Stillwater Capital Advisors LLC’s holdings in NVIDIA were worth $9,912,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of NVDA. Rather & Kittrell Inc. purchased a new stake in NVIDIA in the 4th quarter worth $26,000. Emerson Wealth LLC purchased a new stake in shares of NVIDIA during the 1st quarter valued at about $27,000. Roble Belko & Company Inc raised its position in shares of NVIDIA by 550.0% during the 1st quarter. Roble Belko & Company Inc now owns 104 shares of the computer hardware maker’s stock valued at $28,000 after buying an additional 88 shares in the last quarter. Clear Perspectives Financial Planning LLC purchased a new stake in shares of NVIDIA during the 1st quarter valued at about $28,000. Finally, Claremont Financial Group Inc. purchased a new stake in shares of NVIDIA during the 4th quarter valued at about $29,000. Hedge funds and other institutional investors own 62.58% of the company’s stock.

NVIDIA Price Performance

NASDAQ NVDA opened at $125.61 on Friday. NVIDIA Co. has a 52-week low of $124.28 and a 52-week high of $346.47. The firm’s 50 day moving average price is $162.82 and its 200-day moving average price is $185.71. 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 company has a market cap of $312.77 billion, a PE ratio of 41.18, a P/E/G ratio of 4.35 and a beta of 1.69.

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

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 29th. Investors of record on Thursday, September 8th will be given a dividend of $0.04 per share. 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 payout ratio is 5.25%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on NVDA shares. Deutsche Bank Aktiengesellschaft decreased their target price on shares of NVIDIA from $175.00 to $165.00 and set a “hold” rating on the stock in a research report on Thursday, August 25th. Tigress Financial restated a “buy” rating and set a $310.00 target price (down from $410.00) on shares of NVIDIA in a research report on Friday, July 8th. They noted that the move was a valuation call. Sanford C. Bernstein reduced their price objective on shares of NVIDIA from $210.00 to $180.00 in a research report on Thursday, September 1st. Mizuho reduced their price objective on shares of NVIDIA from $225.00 to $205.00 and set a “buy” rating on the stock in a research report on Thursday, September 15th. Finally, Benchmark reduced their price objective on shares of NVIDIA from $228.00 to $215.00 and set a “buy” rating on the stock in a research report on Thursday, August 25th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $214.91.

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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