Holderness Investments Co. Has $1.18 Million Holdings in NVIDIA Co. (NASDAQ:NVDA)

Holderness Investments Co. raised its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 3.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,154 shares of the computer hardware maker’s stock after purchasing an additional 253 shares during the period. Holderness Investments Co.’s holdings in NVIDIA were worth $1,175,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Deltec Asset Management LLC acquired a new position in NVIDIA during the 2nd quarter valued at about $452,000. Rehmann Capital Advisory Group lifted its position in NVIDIA by 28.5% during the 1st quarter. Rehmann Capital Advisory Group now owns 1,558 shares of the computer hardware maker’s stock valued at $280,000 after purchasing an additional 346 shares during the period. Tdam USA Inc. lifted its position in NVIDIA by 15.5% during the 1st quarter. Tdam USA Inc. now owns 1,970 shares of the computer hardware maker’s stock valued at $354,000 after purchasing an additional 264 shares during the period. ACG Wealth increased its stake in shares of NVIDIA by 5.5% in the 1st quarter. ACG Wealth now owns 30,488 shares of the computer hardware maker’s stock valued at $5,474,000 after acquiring an additional 1,600 shares during the last quarter. Finally, Parnassus Investments CA increased its stake in shares of NVIDIA by 4.2% in the 1st quarter. Parnassus Investments CA now owns 3,081,251 shares of the computer hardware maker’s stock valued at $553,269,000 after acquiring an additional 124,922 shares during the last quarter. Institutional investors own 67.54% of the company’s stock.

A number of brokerages have recently commented on NVDA. BidaskClub cut NVIDIA from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. Cascend Securities raised NVIDIA from a “hold” rating to a “buy” rating and set a $190.00 price target for the company in a research note on Thursday, July 11th. UBS Group lowered their price target on NVIDIA from $210.00 to $195.00 and set a “buy” rating for the company in a research note on Friday, May 17th. Summit Redstone cut NVIDIA to a “hold” rating in a research note on Friday, May 17th. Finally, Craig Hallum reaffirmed a “hold” rating and issued a $170.00 price target (up from $165.00) on shares of NVIDIA in a research note on Friday. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-six have issued a buy rating to the stock. NVIDIA presently has a consensus rating of “Buy” and a consensus price target of $193.04.

In other news, CFO Colette Kress sold 2,236 shares of the firm’s stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $164.01, for a total transaction of $366,726.36. Following the completion of the transaction, the chief financial officer now directly owns 239,710 shares of the company’s stock, valued at approximately $39,314,837.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Harvey C. Jones sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $145.10, for a total transaction of $14,510,000.00. Following the transaction, the director now directly owns 32,983 shares of the company’s stock, valued at $4,785,833.30. The disclosure for this sale can be found here. Insiders have sold a total of 104,736 shares of company stock valued at $15,293,726 over the last ninety days. Company insiders own 4.64% of the company’s stock.

Shares of NVDA traded up $10.79 during mid-day trading on Friday, hitting $159.56. 25,199,000 shares of the company’s stock were exchanged, compared to its average volume of 9,067,289. The company has a market cap of $91.39 billion, a PE ratio of 26.29, a P/E/G ratio of 3.84 and a beta of 2.07. NVIDIA Co. has a 52 week low of $124.46 and a 52 week high of $292.76. The company has a 50-day simple moving average of $163.66 and a 200 day simple moving average of $163.39. The company has a debt-to-equity ratio of 0.25, a current ratio of 8.98 and a quick ratio of 7.78.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Thursday, August 15th. The computer hardware maker reported $1.24 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.37. The company had revenue of $2.58 billion during the quarter, compared to analysts’ expectations of $2.55 billion. NVIDIA had a net margin of 30.68% and a return on equity of 31.27%. The business’s quarterly revenue was down 17.4% on a year-over-year basis. During the same period last year, the business earned $1.94 EPS. On average, analysts anticipate that NVIDIA Co. will post 4.16 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Thursday, August 29th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 0.40%. NVIDIA’s dividend payout ratio is currently 10.54%.

About NVIDIA

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 the discount rate different from the Federal Funds rate?

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.