D. Scott Neal Inc. acquired a new position in NVIDIA Co. (NASDAQ:NVDA) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 392 shares of the computer hardware maker’s stock, valued at approximately $212,000.

Other institutional investors have also made changes to their positions in the company. Hoover Financial Advisors Inc. purchased a new stake in NVIDIA in the 2nd quarter worth about $32,000. Atlantic Trust LLC increased its holdings in shares of NVIDIA by 46.9% during the 2nd quarter. Atlantic Trust LLC now owns 94 shares of the computer hardware maker’s stock valued at $36,000 after acquiring an additional 30 shares during the last quarter. Ellevest Inc. increased its holdings in shares of NVIDIA by 256.7% during the 2nd quarter. Ellevest Inc. now owns 107 shares of the computer hardware maker’s stock valued at $41,000 after acquiring an additional 77 shares during the last quarter. Blue Bell Private Wealth Management LLC acquired a new position in shares of NVIDIA during the 2nd quarter valued at about $50,000. Finally, Campbell Wealth Management acquired a new position in shares of NVIDIA during the 2nd quarter valued at about $55,000. 68.11% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have recently commented on the company. Goldman Sachs Group reissued a “buy” rating and set a $585.00 price objective (up previously from $528.00) on shares of NVIDIA in a report on Wednesday, September 2nd. Craig Hallum raised their target price on NVIDIA from $480.00 to $500.00 and gave the company a “hold” rating in a report on Tuesday, September 15th. Barclays raised their target price on NVIDIA from $450.00 to $525.00 and gave the company an “overweight” rating in a report on Thursday, August 20th. Wedbush reaffirmed an “outperform” rating and issued a $600.00 target price (up previously from $525.00) on shares of NVIDIA in a report on Friday, October 2nd. Finally, Raymond James reaffirmed a “buy” rating on shares of NVIDIA in a report on Tuesday, October 6th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and thirty-one have assigned a buy rating to the company’s stock. NVIDIA presently has an average rating of “Buy” and a consensus price target of $521.49.

In related news, EVP Ajay K. Puri sold 12,692 shares of the company’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $405.60, for a total transaction of $5,147,875.20. Following the sale, the executive vice president now owns 61,983 shares in the company, valued at $25,140,304.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jen Hsun Huang sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $489.84, for a total value of $48,984,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,370,600 shares in the company, valued at approximately $671,374,704. The disclosure for this sale can be found here. In the last quarter, insiders sold 173,320 shares of company stock valued at $87,129,970. Corporate insiders own 4.47% of the company’s stock.

NVDA traded down $6.34 during trading on Friday, hitting $552.46. The company’s stock had a trading volume of 6,065,990 shares, compared to its average volume of 13,184,020. The firm’s 50 day moving average price is $521.45 and its two-hundred day moving average price is $401.87. The company has a quick ratio of 5.51, a current ratio of 6.09 and a debt-to-equity ratio of 0.50. NVIDIA Co. has a 12 month low of $180.68 and a 12 month high of $589.07. The stock has a market capitalization of $340.87 billion, a price-to-earnings ratio of 101.56, a price-to-earnings-growth ratio of 4.10 and a beta of 1.55.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, August 19th. The computer hardware maker reported $2.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.97 by $0.21. NVIDIA had a return on equity of 30.41% and a net margin of 25.93%. The firm had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.66 billion. During the same quarter in the previous year, the company posted $1.24 EPS. The business’s revenue for the quarter was up 50.1% compared to the same quarter last year. On average, sell-side analysts forecast that NVIDIA Co. will post 6.93 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 24th. Shareholders of record on Wednesday, September 2nd were given a $0.16 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $0.64 annualized dividend and a yield of 0.12%. NVIDIA’s payout ratio is 13.94%.

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.

Featured Story: How is an ETF different from a mutual fund?

Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Co. (NASDAQ:NVDA).

Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.com's FREE daily email newsletter.