Domani Wealth LLC Reduces Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Domani Wealth LLC lowered its position in NVIDIA Co. (NASDAQ:NVDAGet Rating) by 26.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,128 shares of the computer hardware maker’s stock after selling 2,979 shares during the quarter. Domani Wealth LLC’s holdings in NVIDIA were worth $1,232,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of NVDA. Rather & Kittrell Inc. acquired a new stake in shares of NVIDIA during the fourth quarter worth about $26,000. Emerson Wealth LLC acquired a new stake in shares of NVIDIA during the first quarter worth about $27,000. Roble Belko & Company Inc lifted its position in shares of NVIDIA by 550.0% during the first quarter. Roble Belko & Company Inc now owns 104 shares of the computer hardware maker’s stock worth $28,000 after purchasing an additional 88 shares in the last quarter. Clear Perspectives Financial Planning LLC acquired a new stake in shares of NVIDIA during the first quarter worth about $28,000. Finally, Claremont Financial Group Inc. acquired a new stake in shares of NVIDIA during the fourth quarter worth about $29,000. Institutional investors and hedge funds own 62.58% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on NVDA. Raymond James reduced their price target on shares of NVIDIA from $240.00 to $210.00 in a research report on Thursday, August 25th. Mizuho reduced their target price on shares of NVIDIA from $225.00 to $205.00 and set a “buy” rating on the stock in a report on Thursday, September 15th. Needham & Company LLC reduced their target price on shares of NVIDIA from $185.00 to $170.00 and set a “buy” rating on the stock in a report on Friday, September 2nd. Craig Hallum reduced their target price on shares of NVIDIA from $180.00 to $165.00 and set a “hold” rating on the stock in a report on Thursday, August 25th. Finally, TheStreet cut shares of NVIDIA from a “b-” rating to a “c+” rating in a report on Thursday, September 15th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $214.91.

NVIDIA Trading Down 5.3 %

NASDAQ:NVDA opened at $125.61 on Friday. The company has a market capitalization of $312.77 billion, a PE ratio of 41.18, a price-to-earnings-growth ratio of 4.35 and a beta of 1.69. 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 Co. has a 52-week low of $124.28 and a 52-week high of $346.47. The stock has a fifty day simple moving average of $162.82 and a 200-day simple moving average of $185.71.

NVIDIA (NASDAQ:NVDAGet Rating) last released its quarterly earnings results on Wednesday, August 24th. The computer hardware maker reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.05). The firm had revenue of $6.70 billion for the quarter, compared to analyst estimates of $6.70 billion. NVIDIA had a return on equity of 36.83% and a net margin of 26.03%. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period last year, the firm earned $0.89 EPS. On average, equities research analysts expect that NVIDIA Co. will post 2.49 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently disclosed 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. 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 dividend payout ratio is presently 5.25%.

NVIDIA 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.

See Also

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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