LifeSteps Financial Inc. Buys 290 Shares of NVIDIA Co. (NASDAQ:NVDA)

LifeSteps Financial Inc. raised its stake in shares of NVIDIA Co. (NASDAQ:NVDAGet Rating) by 5.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,522 shares of the computer hardware maker’s stock after acquiring an additional 290 shares during the quarter. NVIDIA makes up 0.9% of LifeSteps Financial Inc.’s portfolio, making the stock its 24th largest holding. LifeSteps Financial Inc.’s holdings in NVIDIA were worth $837,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Stillwater Capital Advisors LLC increased its stake in shares of NVIDIA by 0.8% in the second quarter. Stillwater Capital Advisors LLC now owns 65,384 shares of the computer hardware maker’s stock valued at $9,912,000 after buying an additional 508 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services increased its stake in shares of NVIDIA by 4.4% in the second quarter. First National Bank of Mount Dora Trust Investment Services now owns 39,783 shares of the computer hardware maker’s stock valued at $6,031,000 after buying an additional 1,665 shares in the last quarter. KMG Fiduciary Partners LLC increased its stake in shares of NVIDIA by 9.6% in the second quarter. KMG Fiduciary Partners LLC now owns 35,018 shares of the computer hardware maker’s stock valued at $5,308,000 after buying an additional 3,071 shares in the last quarter. Monterey Private Wealth Inc. increased its stake in shares of NVIDIA by 19.2% in the second quarter. Monterey Private Wealth Inc. now owns 2,080 shares of the computer hardware maker’s stock valued at $315,000 after buying an additional 335 shares in the last quarter. Finally, Birch Hill Investment Advisors LLC increased its stake in shares of NVIDIA by 15.5% in the second quarter. Birch Hill Investment Advisors LLC now owns 4,540 shares of the computer hardware maker’s stock valued at $688,000 after buying an additional 610 shares in the last quarter. 62.58% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on NVDA shares. Cowen lowered their target price on NVIDIA from $350.00 to $265.00 and set an “outperform” rating for the company in a research note on Thursday, May 26th. Daiwa Capital Markets lowered NVIDIA from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $215.00 to $133.00 in a research report on Friday, September 2nd. Piper Sandler lowered their price objective on NVIDIA from $235.00 to $200.00 in a research report on Thursday, September 1st. Barclays lowered their price objective on NVIDIA from $200.00 to $190.00 and set an “overweight” rating for the company in a research report on Thursday, August 25th. Finally, Morgan Stanley lowered their price objective on NVIDIA from $217.00 to $182.00 and set an “equal weight” rating for the company in a research report on Thursday, May 26th. One investment 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 issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $214.91.

NVIDIA Trading Down 5.3 %

NASDAQ NVDA opened at $125.61 on Friday. The stock has a market capitalization of $312.77 billion, a price-to-earnings ratio of 41.18, a PEG ratio of 4.35 and a beta of 1.69. The stock’s 50 day moving average price is $162.82 and its two-hundred 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. NVIDIA Co. has a 52 week low of $124.28 and a 52 week high of $346.47.

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

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 29th. Shareholders of record on Thursday, September 8th will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.13%. The ex-dividend date of this dividend is Wednesday, September 7th. NVIDIA’s dividend payout ratio (DPR) is 5.25%.

About NVIDIA

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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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