Toth Financial Advisory Corp lessened its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 7.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 4,000 shares of the computer hardware maker’s stock after selling 310 shares during the period. Toth Financial Advisory Corp’s holdings in NVIDIA were worth $1,520,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Engrave Wealth Partners LLC acquired a new position in NVIDIA in the fourth quarter valued at about $34,000. Ayalon Holdings Ltd. raised its position in NVIDIA by 5.0% in the 2nd quarter. Ayalon Holdings Ltd. now owns 5,269 shares of the computer hardware maker’s stock valued at $2,009,000 after buying an additional 251 shares during the last quarter. IHT Wealth Management LLC raised its position in NVIDIA by 24.3% in the 1st quarter. IHT Wealth Management LLC now owns 10,003 shares of the computer hardware maker’s stock valued at $2,637,000 after buying an additional 1,958 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its position in NVIDIA by 3.1% in the 1st quarter. Mercer Global Advisors Inc. ADV now owns 12,541 shares of the computer hardware maker’s stock valued at $3,306,000 after buying an additional 373 shares during the last quarter. Finally, Handelsbanken Fonder AB raised its position in NVIDIA by 3.9% in the 4th quarter. Handelsbanken Fonder AB now owns 201,106 shares of the computer hardware maker’s stock valued at $47,320,000 after buying an additional 7,494 shares during the last quarter. Institutional investors and hedge funds own 68.80% of the company’s stock.

In other NVIDIA news, EVP Ajay K. Puri sold 6,452 shares of the company’s stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $416.36, for a total value of $2,686,354.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark A. Stevens sold 25,815 shares of the company’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $387.46, for a total value of $10,002,279.90. Following the completion of the transaction, the director now directly owns 161,257 shares of the company’s stock, valued at approximately $62,480,637.22. The disclosure for this sale can be found here. In the last three months, insiders have bought 53 shares of company stock valued at $15,322 and have sold 250,738 shares valued at $93,670,532. 4.47% of the stock is currently owned by insiders.

Shares of NVIDIA stock traded up $12.99 during trading on Tuesday, reaching $415.08. 13,454,089 shares of the company’s stock were exchanged, compared to its average volume of 9,680,775. The company has a debt-to-equity ratio of 0.57, a quick ratio of 9.70 and a current ratio of 10.29. NVIDIA Co. has a 1-year low of $147.39 and a 1-year high of $431.69. The company has a market cap of $243.85 billion, a P/E ratio of 77.03, a PEG ratio of 3.78 and a beta of 1.35. The firm’s 50-day moving average price is $370.68 and its 200 day moving average price is $292.65.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Thursday, May 21st. The computer hardware maker reported $1.80 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.44. NVIDIA had a return on equity of 28.59% and a net margin of 28.17%. The company had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $3 billion. During the same quarter in the previous year, the firm earned $0.88 EPS. NVIDIA’s revenue was up 38.7% on a year-over-year basis. As a group, equities research analysts predict that NVIDIA Co. will post 6.56 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 5th were issued a dividend of $0.16 per share. The ex-dividend date was Thursday, June 4th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.15%. NVIDIA’s dividend payout ratio (DPR) is currently 13.94%.

A number of equities research analysts recently issued reports on the company. Zacks Investment Research raised NVIDIA from a “hold” rating to a “buy” rating and set a $366.00 target price on the stock in a research report on Wednesday, May 27th. Deutsche Bank lifted their target price on NVIDIA from $300.00 to $290.00 and gave the company a “hold” rating in a research report on Monday, May 18th. Mizuho reissued a “buy” rating and issued a $400.00 target price on shares of NVIDIA in a research report on Tuesday, June 23rd. Bank of America raised their price target on NVIDIA from $420.00 to $460.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Finally, Raymond James raised their price target on NVIDIA from $330.00 to $370.00 and gave the company an “outperform” rating in a research note on Friday, May 22nd. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating, thirty-two have issued a buy rating and one has issued a strong buy rating to the stock. NVIDIA currently has an average rating of “Buy” and an average price target of $364.95.

NVIDIA Company Profile

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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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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