L & S Advisors Inc boosted its holdings in NVIDIA Co. (NASDAQ:NVDA) by 112.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,903 shares of the computer hardware maker’s stock after acquiring an additional 10,554 shares during the period. L & S Advisors Inc’s holdings in NVIDIA were worth $3,269,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Thor Advisors LLC acquired a new position in NVIDIA during the first quarter worth $29,000. Harvest Group Wealth Management LLC acquired a new position in NVIDIA during the first quarter worth $30,000. Field & Main Bank acquired a new position in NVIDIA during the second quarter worth $33,000. Sound Income Strategies LLC lifted its stake in NVIDIA by 96.2% during the second quarter. Sound Income Strategies LLC now owns 204 shares of the computer hardware maker’s stock worth $34,000 after purchasing an additional 100 shares in the last quarter. Finally, Semmax Financial Advisors Inc. lifted its stake in NVIDIA by 935.0% during the first quarter. Semmax Financial Advisors Inc. now owns 207 shares of the computer hardware maker’s stock worth $37,000 after purchasing an additional 187 shares in the last quarter. Hedge funds and other institutional investors own 64.51% of the company’s stock.
A number of research analysts have commented on the company. SunTrust Banks set a $210.00 price target on NVIDIA and gave the stock a “buy” rating in a research note on Friday, August 16th. Cascend Securities upgraded NVIDIA from a “hold” rating to a “buy” rating and set a $190.00 price objective on the stock in a research note on Thursday, July 11th. Daiwa Capital Markets set a $200.00 price objective on NVIDIA and gave the company a “buy” rating in a research note on Wednesday, August 21st. Piper Jaffray Companies set a $200.00 price objective on NVIDIA and gave the company a “buy” rating in a research note on Friday, August 16th. Finally, Zacks Investment Research cut NVIDIA from a “buy” rating to a “hold” rating in a research note on Thursday, May 16th. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-eight have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $190.40.
NASDAQ:NVDA traded down $3.94 during trading hours on Friday, hitting $180.33. The company’s stock had a trading volume of 1,235,817 shares, compared to its average volume of 10,567,697. The stock has a market capitalization of $111.56 billion, a P/E ratio of 29.71, a price-to-earnings-growth ratio of 4.70 and a beta of 2.07. The stock has a fifty day moving average of $166.03 and a 200-day moving average of $165.58. The company has a current ratio of 8.65, a quick ratio of 7.74 and a debt-to-equity ratio of 0.24. NVIDIA Co. has a 52-week low of $124.46 and a 52-week high of $292.76.
NVIDIA (NASDAQ:NVDA) last posted its earnings results on Thursday, August 15th. The computer hardware maker reported $1.24 EPS for the quarter, beating the consensus estimate of $0.87 by $0.37. The firm had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.55 billion. NVIDIA had a return on equity of 24.40% and a net margin of 26.93%. NVIDIA’s revenue for the quarter was down 17.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.94 earnings per share. On average, sell-side analysts forecast that NVIDIA Co. will post 4.08 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Thursday, August 29th will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 0.35%. The ex-dividend date is Wednesday, August 28th. NVIDIA’s dividend payout ratio (DPR) is presently 10.54%.
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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