Signature Estate & Investment Advisors LLC Increases Holdings in NVIDIA Co. (NASDAQ:NVDA)

Signature Estate & Investment Advisors LLC grew its holdings in shares of NVIDIA Co. (NASDAQ:NVDAGet Rating) by 6.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,335 shares of the computer hardware maker’s stock after buying an additional 317 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in NVIDIA were worth $809,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Rather & Kittrell Inc. purchased a new stake in shares of NVIDIA in the 4th quarter valued at about $26,000. Emerson Wealth LLC purchased a new stake in shares of NVIDIA in the 1st quarter valued at about $27,000. Roble Belko & Company Inc lifted its holdings in shares of NVIDIA by 550.0% in the 1st quarter. Roble Belko & Company Inc now owns 104 shares of the computer hardware maker’s stock valued at $28,000 after purchasing an additional 88 shares during the last quarter. Clear Perspectives Financial Planning LLC purchased a new stake in shares of NVIDIA in the 1st quarter valued at about $28,000. Finally, Claremont Financial Group Inc. acquired a new position in NVIDIA in the 4th quarter valued at about $29,000. 62.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NVDA has been the topic of several recent research reports. Craig Hallum dropped their price target on NVIDIA from $180.00 to $165.00 and set a “hold” rating on the stock in a research report on Thursday, August 25th. Mizuho dropped their price target on NVIDIA from $225.00 to $205.00 and set a “buy” rating on the stock in a research report on Thursday, September 15th. BMO Capital Markets dropped their price target on NVIDIA from $230.00 to $210.00 and set an “outperform” rating on the stock in a research report on Wednesday. Cowen dropped their target price on NVIDIA from $350.00 to $265.00 and set an “outperform” rating on the stock in a research report on Thursday, May 26th. Finally, Jefferies Financial Group dropped their target price on NVIDIA from $370.00 to $280.00 in a research report on Thursday, August 25th. One equities 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $214.91.

NVIDIA Trading Down 5.3 %

Shares of NVIDIA stock opened at $125.61 on Friday. 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 PE ratio of 41.18, a P/E/G ratio of 4.35 and a beta of 1.69. The business’s fifty day moving average is $162.82 and its two-hundred day moving average is $185.71. The company has a quick ratio of 3.11, a current ratio of 3.62 and a debt-to-equity ratio of 0.41.

NVIDIA (NASDAQ:NVDAGet Rating) last issued its quarterly 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 business had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $6.70 billion. During the same period in the prior year, the company earned $0.89 EPS. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. Analysts anticipate that NVIDIA Co. will post 2.49 earnings per share for the current year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 29th. Stockholders of record on Thursday, September 8th will be issued a dividend of $0.04 per share. The ex-dividend date is Wednesday, September 7th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.13%. NVIDIA’s payout ratio is 5.25%.

NVIDIA Company Profile

(Get Rating)

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.

Further Reading

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:NVDAGet Rating).

Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.com's FREE daily email newsletter.