CSat Investment Advisory L.P. Trims Stake in NVIDIA Co. (NASDAQ:NVDA)

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CSat Investment Advisory L.P. cut its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 15.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,772 shares of the computer hardware maker’s stock after selling 1,723 shares during the period. NVIDIA makes up 0.6% of CSat Investment Advisory L.P.’s investment portfolio, making the stock its 28th biggest holding. CSat Investment Advisory L.P.’s holdings in NVIDIA were worth $1,604,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. FMR LLC raised its stake in NVIDIA by 1.8% during the 1st quarter. FMR LLC now owns 49,860,097 shares of the computer hardware maker’s stock valued at $8,952,880,000 after acquiring an additional 858,116 shares during the last quarter. Vanguard Group Inc. raised its stake in NVIDIA by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 45,990,868 shares of the computer hardware maker’s stock valued at $7,553,081,000 after acquiring an additional 528,040 shares during the last quarter. Jennison Associates LLC raised its stake in NVIDIA by 10.6% during the 2nd quarter. Jennison Associates LLC now owns 8,690,058 shares of the computer hardware maker’s stock valued at $1,427,168,000 after acquiring an additional 832,508 shares during the last quarter. Edgewood Management LLC raised its stake in NVIDIA by 0.4% during the 2nd quarter. Edgewood Management LLC now owns 7,890,343 shares of the computer hardware maker’s stock valued at $1,295,831,000 after acquiring an additional 31,623 shares during the last quarter. Finally, Invesco Ltd. raised its stake in NVIDIA by 4.3% during the 2nd quarter. Invesco Ltd. now owns 7,364,460 shares of the computer hardware maker’s stock valued at $1,209,466,000 after acquiring an additional 304,337 shares during the last quarter. 64.37% of the stock is owned by hedge funds and other institutional investors.

Shares of NVDA stock traded down $4.25 during trading hours on Friday, reaching $172.69. 7,733,813 shares of the company were exchanged, compared to its average volume of 8,118,755. The stock’s fifty day moving average is $166.77 and its two-hundred day moving average is $166.47. NVIDIA Co. has a fifty-two week low of $124.46 and a fifty-two week high of $292.76. The company has a market cap of $109.61 billion, a price-to-earnings ratio of 28.45, a P/E/G ratio of 4.60 and a beta of 2.07. The company has a debt-to-equity ratio of 0.24, a current ratio of 8.65 and a quick ratio of 7.74.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Thursday, August 15th. The computer hardware maker reported $1.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.37. NVIDIA had a net margin of 26.93% and a return on equity of 24.40%. The business had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same period in the prior year, the business posted $1.94 earnings per share. NVIDIA’s revenue was down 17.4% compared to the same quarter last year. On average, research analysts anticipate that NVIDIA Co. will post 4.09 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Thursday, August 29th were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date was Wednesday, August 28th. NVIDIA’s dividend payout ratio (DPR) is currently 10.54%.

Several research firms have commented on NVDA. Daiwa Capital Markets set a $200.00 price objective on NVIDIA and gave the company a “buy” rating in a research note on Wednesday, August 21st. Royal Bank of Canada dropped their target price on NVIDIA from $200.00 to $190.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 13th. Cascend Securities upgraded NVIDIA from a “hold” rating to a “buy” rating and set a $190.00 target price on the stock in a research report on Thursday, July 11th. ValuEngine upgraded NVIDIA from a “hold” rating to a “buy” rating in a research report on Tuesday, August 20th. Finally, Wells Fargo & Co reiterated a “buy” rating on shares of NVIDIA in a research report on Monday, August 12th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-eight have assigned a buy rating to the company’s stock. NVIDIA has a consensus rating of “Buy” and a consensus price target of $190.09.

In other news, Director Persis Drell sold 2,500 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $166.80, for a total transaction of $417,000.00. Following the completion of the sale, the director now owns 20,684 shares in the company, valued at approximately $3,450,091.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director James C. Gaither sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $182.37, for a total transaction of $1,823,700.00. Following the sale, the director now owns 4,279 shares of the company’s stock, valued at approximately $780,361.23. The disclosure for this sale can be found here. In the last ninety days, insiders sold 71,119 shares of company stock valued at $12,408,943. 4.64% of the stock is owned by insiders.

NVIDIA Profile

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.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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