Westhampton Capital LLC Makes New Investment in NVIDIA Co. (NASDAQ:NVDA)

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Westhampton Capital LLC acquired a new position in shares of NVIDIA Co. (NASDAQ:NVDA) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 2,000 shares of the computer hardware maker’s stock, valued at approximately $328,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Comerica Securities Inc. increased its position in shares of NVIDIA by 95.7% during the fourth quarter. Comerica Securities Inc. now owns 2,853 shares of the computer hardware maker’s stock valued at $381,000 after purchasing an additional 1,395 shares during the period. Pennsylvania Trust Co increased its position in shares of NVIDIA by 48.0% during the first quarter. Pennsylvania Trust Co now owns 3,792 shares of the computer hardware maker’s stock valued at $680,000 after purchasing an additional 1,230 shares during the period. BB&T Corp increased its position in shares of NVIDIA by 324.2% during the first quarter. BB&T Corp now owns 15,365 shares of the computer hardware maker’s stock valued at $2,759,000 after purchasing an additional 11,743 shares during the period. Brinker Capital Inc. increased its position in shares of NVIDIA by 11.5% during the first quarter. Brinker Capital Inc. now owns 8,690 shares of the computer hardware maker’s stock valued at $1,560,000 after purchasing an additional 893 shares during the period. Finally, Mercer Global Advisors Inc. ADV bought a new stake in shares of NVIDIA during the first quarter valued at approximately $1,699,000. 66.93% of the stock is owned by hedge funds and other institutional investors.

NVIDIA stock traded down $8.49 on Friday, reaching $162.99. The company’s stock had a trading volume of 786,602 shares, compared to its average volume of 10,714,163. The company has a debt-to-equity ratio of 0.24, a quick ratio of 7.74 and a current ratio of 8.65. The company has a market cap of $102.23 billion, a price-to-earnings ratio of 26.90, a PEG ratio of 4.30 and a beta of 2.07. The business’s fifty day moving average price is $164.02 and its 200 day moving average price is $163.78. NVIDIA Co. has a twelve month low of $124.46 and a twelve month high of $292.76.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Thursday, August 15th. The computer hardware maker reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.37. The company had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.55 billion. NVIDIA had a return on equity of 24.40% and a net margin of 26.93%. The business’s revenue was down 17.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.94 earnings per share. As a group, equities analysts forecast that NVIDIA Co. will post 4.08 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Thursday, August 29th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date of this dividend is Wednesday, August 28th. NVIDIA’s dividend payout ratio is currently 10.54%.

A number of analysts have recently issued reports on NVDA shares. FBN Securities set a $190.00 price objective on NVIDIA and gave the company a “buy” rating in a research report on Friday, August 16th. Daiwa Capital Markets set a $200.00 price objective on NVIDIA and gave the company a “buy” rating in a research report on Wednesday. Bank of America restated a “buy” rating on shares of NVIDIA in a research report on Tuesday. Mizuho restated a “buy” rating and set a $185.00 price objective (down from $192.00) on shares of NVIDIA in a research report on Friday, August 16th. Finally, Piper Jaffray Companies set a $200.00 price objective on NVIDIA and gave the company a “buy” rating in a research report on Friday, August 16th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-eight have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $190.40.

In other NVIDIA news, Director Persis Drell sold 2,500 shares of the business’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $167.36, for a total value of $418,400.00. Following the transaction, the director now owns 18,184 shares of the company’s stock, valued at $3,043,274.24. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Harvey C. Jones sold 100,000 shares of the business’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $145.10, for a total value of $14,510,000.00. Following the completion of the transaction, the director now directly owns 32,983 shares in the company, valued at approximately $4,785,833.30. The disclosure for this sale can be found here. In the last three months, insiders sold 107,236 shares of company stock worth $15,712,126. Insiders own 4.64% of the company’s stock.

About NVIDIA

NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. The GPU segment comprises of product brands which aims specialized markets including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.

See Also: What does a hold rating mean?

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

Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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