Cadence Bank NA increases stake in NVIDIA Co. (NASDAQ:NVDA)

Cadence Bank NA grew its stake in shares of NVIDIA Co. (NASDAQ: NVDAGet a rating) by 0.5% in the second quarter, according to the company’s most recent filing with the Securities and Exchange Commission. The fund owned 28,767 shares of the computer hardware maker’s stock after buying an additional 134 shares during the period. NVIDIA comprises 1.4% of Cadence Bank NA’s portfolio, making the stock its 12th largest holding. Cadence Bank NA’s holdings in NVIDIA were worth $4,361,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in NVDA. Norges Bank bought a new position in shares of NVIDIA in the fourth quarter worth about $6,279,217,000. BlackRock Inc. grew its holdings in NVIDIA by 2.1% in the 4th quarter. Now BlackRock Inc. now owns 177,839,722 shares of the computer hardware maker’s stock valued at $52,304,441,000 after purchasing an additional 3,591,440 shares in the last quarter. Vanguard Group Inc. raised its stake in NVIDIA by 1.2% during the first quarter. Now Vanguard Group Inc. owns 198,462,079 shares of the computer hardware maker’s stock valued at $54,152,363,000 after acquiring an additional 2,446,529 shares during the period. Brown Advisory Inc. grew its stake in NVIDIA by 94.4% during the first quarter. Brown Advisory Inc. now owns 4,557,600 shares of the computer hardware maker’s stock worth $1,244,858,000 after buying an additional 2,213,090 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its position in shares of NVIDIA by 43.3% in the first quarter. Fisher Asset Management LLC now owns 7,328,372 shares of the computer hardware maker’s stock worth $1,999,620,000 after buying an additional 2,212,941 shares during the period. Currently, 62.58% of shares are owned by institutional investors.

NVIDIA stock performance

Actions NASDAQ: NVDA opened at $121.39 on Friday. The company has a current ratio of 3.62, a gearing ratio of 3.11, and a debt-to-equity ratio of 0.41. NVIDIA has a 12 month low of $119.46 and a 12 month high of $346.47. The company has a market cap of $302.26 billion, a price-to-earnings ratio of 39.80, a PEG ratio of 3.94 and a beta of 1.69. The firm’s 50-day moving average is $157.27, and its 200-day moving average is $181.14.

NVIDIA (NASDAQ: NVDAGet a rating) last announced earnings results on Wednesday, August 24. The computer hardware maker reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by $0.01. NVIDIA’s net margin was 26.03% and its return on equity was 36.83%. The company had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $6.70 billion. During the same quarter last year, the firm earned $0.89 per share. The company’s quarterly revenue increased by 3.0% compared to the same period last year. Research analysts predict that NVIDIA Co. will post 2.53 earnings per share for the current year.

NVIDIA announces dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 29th. Shareholders of record on Thursday, September 8th were given a dividend of $0.04 per share. The ex-dividend date was Wednesday, September 7th. This is $0.16 in annualized dividends and a dividend yield of 0.13%. NVIDIA’s dividend payout ratio (DPR) is 5.25%.

Upgrading and downgrading of the analyst rating

A number of research firms have recently weighed in on NVDA. Robert W. Baird cut their price objective on shares of NVIDIA from $150.00 to $135.00 and set a “neutral” rating on the stock in a research note on Thursday, August 25th. On Thursday, August 25, JPMorgan Chase & Co. lowered their target price on NVIDIA from $230.00 to $220.00. Sanford C. Bernstein cut their price objective on NVIDIA from $210.00 to $180.00 in a research report on Thursday, September 1st. BMO Capital Markets cut their price target on NVIDIA from $230.00 to $210.00 and set an “outperform” rating on the stock in a report on Wednesday, September 21st. Finally, Tigress Financial reaffirmed a “buy” rating and set a $310.00 price objective (up from $410.00) on shares of NVIDIA in a report on Friday, July 8th. They noted that the move was a valuation challenge. Eleven research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Moderate Buy” and an average target price of $214.62, according to


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NVIDIA Corporation provides graphics, computing and networking solutions in the United States, Taiwan, China and abroad. The company’s 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 graphics processors for corporate workstation graphics; vGPU software for cloud visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for creating 3D designs and virtual worlds.

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Institutional Ownership of NVIDIA (NASDAQ:NVDA) by Quarter

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