MADDEN SECURITIES Corp Makes New Investment in NVIDIA Co. (NASDAQ:NVDA)
MADDEN SECURITIES Corp bought a new position in shares of NVIDIA Co. (NASDAQ:NVDA) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 4,646 shares of the computer hardware maker’s stock, valued at approximately $1,765,000. NVIDIA accounts for 1.6% of MADDEN SECURITIES Corp’s portfolio, making the stock its 19th largest holding.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Accurate Investment Solutions Inc. grew its holdings in shares of NVIDIA by 111.1% in the first quarter. Accurate Investment Solutions Inc. now owns 95 shares of the computer hardware maker’s stock valued at $25,000 after purchasing an additional 50 shares in the last quarter. PrairieView Partners LLC purchased a new position in NVIDIA during the first quarter worth $26,000. Ellevest Inc. boosted its stake in NVIDIA by 256.7% during the second quarter. Ellevest Inc. now owns 107 shares of the computer hardware maker’s stock worth $41,000 after buying an additional 77 shares during the period. Capital Wealth Alliance LLC purchased a new position in NVIDIA during the fourth quarter worth $30,000. Finally, Archer Investment Corp purchased a new position in NVIDIA during the fourth quarter worth $29,000. 68.80% of the stock is owned by institutional investors and hedge funds.
In related news, EVP Ajay K. Puri sold 1,078 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $364.97, for a total value of $393,437.66. Following the sale, the executive vice president now owns 68,046 shares in the company, valued at $24,834,748.62. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Mark A. Stevens sold 25,815 shares of the company’s stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $387.46, for a total value of $10,002,279.90. Following the completion of the sale, the director now owns 161,257 shares in the company, valued at approximately $62,480,637.22. The disclosure for this sale can be found here. In the last quarter, insiders purchased 53 shares of company stock worth $15,322 and sold 250,738 shares worth $93,670,532. 4.47% of the stock is owned by corporate insiders.
Shares of NVDA stock traded up $12.99 during trading hours on Tuesday, reaching $415.08. 13,483,162 shares of the company’s stock were exchanged, compared to its average volume of 13,253,063. NVIDIA Co. has a 1 year low of $147.39 and a 1 year high of $431.69. The stock has a market cap of $255.27 billion, a PE ratio of 77.59, a PEG ratio of 3.78 and a beta of 1.35. The company has a current ratio of 10.29, a quick ratio of 9.70 and a debt-to-equity ratio of 0.57. The stock’s fifty day moving average price is $370.68 and its two-hundred day moving average price is $292.65.
NVIDIA (NASDAQ:NVDA) last issued its earnings results on Thursday, May 21st. The computer hardware maker reported $1.80 EPS for the quarter, beating the Zacks’ consensus estimate of $1.36 by $0.44. The firm had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3 billion. NVIDIA had a return on equity of 28.59% and a net margin of 28.17%. NVIDIA’s revenue for the quarter was up 38.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.88 earnings per share. On average, equities analysts expect that NVIDIA Co. will post 6.56 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 5th were given a $0.16 dividend. The ex-dividend date was Thursday, June 4th. This represents a $0.64 dividend on an annualized basis and a yield of 0.15%. NVIDIA’s dividend payout ratio is currently 13.94%.
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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