NVIDIA Co. (NASDAQ:NVDA) Shares Bought by Game Plan Financial Advisors LLC

Game Plan Financial Advisors LLC increased its stake in NVIDIA Co. (NASDAQ:NVDA) by 900.3% in Q2, owning 67,980 shares after acquiring 61,184 additional shares. Other hedge funds also significantly raised their positions in NVIDIA. Meanwhile, Director Tench Coxe sold 1,000,000 shares, and insider Donald F. Robertson, Jr. sold 4,500 shares. Analysts have mostly rated NVIDIA as a buy, with several price targets set between $500.00 and $600.00.

Game Plan Financial Advisors LLC boosted its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 900.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 67,980 shares of the computer hardware maker's stock after buying an additional 61,184 shares during the period. NVIDIA makes up 4.1% of Game Plan Financial Advisors LLC's holdings, making the stock its 4th biggest holding. Game Plan Financial Advisors LLC's holdings in NVIDIA were worth $8,398,000 at the end of the most recent quarter.

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A number of other hedge funds have also added to or reduced their stakes in NVDA. International Private Wealth Advisors LLC raised its position in shares of NVIDIA by 1,452.1% during the second quarter. International Private Wealth Advisors LLC now owns 7,512 shares of the computer hardware maker's stock worth $928,000 after purchasing an additional 7,028 shares during the period. Lafayette Investments Inc. grew its position in NVIDIA by 901.8% in the 2nd quarter. Lafayette Investments Inc. now owns 5,710 shares of the computer hardware maker's stock valued at $705,000 after purchasing an additional 5,140 shares during the period. BLB&B Advisors LLC lifted its position in NVIDIA by 843.8% in the 2nd quarter. BLB&B Advisors LLC now owns 570,768 shares of the computer hardware maker's stock valued at $70,513,000 after acquiring an additional 510,294 shares in the last quarter. Cypress Point Wealth Management LLC raised its position in NVIDIA by 772.8% in the 2nd quarter. Cypress Point Wealth Management LLC now owns 5,979 shares of the computer hardware maker's stock valued at $739,000 after buying an additional 5,294 shares during the last quarter. Finally, Jaffetilchin Investment Partners LLC boosted its holdings in NVIDIA by 863.2% during the second quarter. Jaffetilchin Investment Partners LLC now owns 429,618 shares of the computer hardware maker's stock worth $53,075,000 after purchasing an additional 385,015 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Tench Coxe sold 1,000,000 shares of the company's stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $119.27, for a total value of $119,270,000.00. Following the transaction, the director now owns 5,852,480 shares in the company, valued at approximately $698,025,289.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Tench Coxe sold 1,000,000 shares of the business's stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $119.27, for a total value of $119,270,000.00. Following the completion of the transaction, the director now owns 5,852,480 shares in the company, valued at $698,025,289.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $116.51, for a total transaction of $524,295.00. Following the transaction, the insider now owns 492,409 shares in the company, valued at approximately $57,370,572.59. The disclosure for this sale can be found here. Insiders have sold 4,277,403 shares of company stock worth $512,029,184 in the last 90 days. Insiders own 4.23% of the company's stock.

Analyst Ratings Changes

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NVDA has been the topic of a number of research analyst reports. Rosenblatt Securities reissued a "buy" rating and issued a $200.00 price target on shares of NVIDIA in a report on Thursday, August 29th. Wedbush restated an "outperform" rating and issued a $138.00 price objective on shares of NVIDIA in a research note on Thursday, August 29th. Bank of America reiterated a "buy" rating and set a $165.00 target price on shares of NVIDIA in a research report on Thursday, September 5th. Truist Financial boosted their price target on shares of NVIDIA from $140.00 to $145.00 and gave the company a "buy" rating in a research report on Tuesday, August 27th. Finally, Citigroup upped their price target on shares of NVIDIA from $126.00 to $150.00 and gave the company a "buy" rating in a research note on Wednesday, June 26th. Five equities research analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, NVIDIA presently has a consensus rating of "Moderate Buy" and a consensus target price of $142.10.

Get Our Latest Stock Analysis on NVDA

NVIDIA Trading Up 0.0 %

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NASDAQ:NVDA opened at $121.44 on Tuesday. The firm has a market capitalization of $2.99 trillion, a P/E ratio of 71.02, a P/E/G ratio of 1.05 and a beta of 1.67. The company has a fifty day moving average of $115.83 and a 200 day moving average of $108.59. The company has a quick ratio of 3.79, a current ratio of 4.27 and a debt-to-equity ratio of 0.15. NVIDIA Co. has a 52 week low of $39.23 and a 52 week high of $140.76.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results on Wednesday, August 28th. The computer hardware maker reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.04. NVIDIA had a net margin of 55.04% and a return on equity of 113.50%. The business had revenue of $30.04 billion for the quarter, compared to analysts' expectations of $28.74 billion. During the same quarter in the previous year, the business posted $0.25 earnings per share. The firm's revenue for the quarter was up 122.4% compared to the same quarter last year. On average, research analysts predict that NVIDIA Co. will post 2.65 earnings per share for the current year.

NVIDIA announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, August 28th that allows the company to buyback $50.00 billion in shares. This buyback authorization allows the computer hardware maker to purchase up to 1.6% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's management believes its stock is undervalued.

NVIDIA Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Thursday, September 12th will be paid a $0.01 dividend. The ex-dividend date is Thursday, September 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA's payout ratio is 2.34%.

NVIDIA Profile

(Free Report)

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.

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