Arkadios Wealth Advisors Purchases 7,266 Shares of NVIDIA Co. (NASDAQ:NVDA)

Arkadios Wealth Advisors grew its position in NVIDIA Co. (NASDAQ:NVDAGet Rating) by 21.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,861 shares of the computer hardware maker’s stock after purchasing an additional 7,266 shares during the quarter. NVIDIA makes up approximately 0.9% of Arkadios Wealth Advisors’ portfolio, making the stock its 14th largest holding. Arkadios Wealth Advisors’ holdings in NVIDIA were worth $6,194,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its position in NVIDIA by 1.2% during the first quarter. Vanguard Group Inc. now owns 198,462,079 shares of the computer hardware maker’s stock worth $54,152,363,000 after acquiring an additional 2,446,529 shares during the period. BlackRock Inc. increased its position in NVIDIA by 2.1% during the fourth quarter. BlackRock Inc. now owns 177,839,722 shares of the computer hardware maker’s stock worth $52,304,441,000 after acquiring an additional 3,591,440 shares during the period. Norges Bank bought a new position in NVIDIA during the fourth quarter worth $6,279,217,000. Charles Schwab Investment Management Inc. increased its position in NVIDIA by 2.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 12,269,735 shares of the computer hardware maker’s stock worth $3,347,921,000 after acquiring an additional 243,671 shares during the period. Finally, Edgewood Management LLC increased its position in NVIDIA by 8.6% during the first quarter. Edgewood Management LLC now owns 12,195,984 shares of the computer hardware maker’s stock worth $3,327,796,000 after acquiring an additional 964,349 shares during the period. Institutional investors own 62.58% of the company’s stock.

NVIDIA Stock Performance

NVIDIA stock opened at $125.61 on Friday. The company has a current ratio of 3.62, a quick ratio of 3.11 and a debt-to-equity ratio of 0.41. NVIDIA Co. has a 1 year low of $124.28 and a 1 year high of $346.47. The company has a market cap of $312.77 billion, a PE ratio of 41.18, a PEG ratio of 4.35 and a beta of 1.69. The company’s 50-day moving average is $162.82 and its two-hundred day moving average is $185.71.

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

NVIDIA Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Susquehanna lowered their price target on shares of NVIDIA from $200.00 to $190.00 and set a “positive” rating on the stock in a report on Wednesday. Morgan Stanley lowered their price target on shares of NVIDIA from $217.00 to $182.00 and set an “equal weight” rating on the stock in a report on Thursday, May 26th. Piper Sandler lowered their price target on shares of NVIDIA from $235.00 to $200.00 in a report on Thursday, September 1st. Needham & Company LLC lowered their price target 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. Finally, Craig Hallum lowered their price target 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. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $214.91.

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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