Global Strategic Investment Solutions LLC increased its stake in NVIDIA Co. (NASDAQ: NVDA – Get a rating) by 38.3% in the second quarter, according to the company’s most recent filing with the Securities and Exchange Commission. The firm owned 1,737 shares of the computer hardware maker’s stock after acquiring an additional 481 shares during the period. Global Strategic Investment Solutions LLC’s holdings in NVIDIA were worth $263,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NVDA. Rather & Kittrell Inc. bought a new stake in NVIDIA in the 4th quarter worth about $26,000. Emerson Wealth LLC bought a new stake in NVIDIA during the 1st quarter worth about $27,000. Roble Belko & Company Inc lifted its position in NVIDIA by 550.0% during the first quarter. Roble Belko & Company Inc now owns 104 shares of the computer hardware maker’s stock valued at $28,000 after buying an additional 88 shares in the last quarter. Clear Perspectives Financial Planning LLC bought a new stake in NVIDIA during the 1st quarter worth about $28,000. Finally, TFO TDC LLC bought a new stake in NVIDIA in the 2nd quarter worth about $28,000. 62.58% of shares are owned by institutional investors and hedge funds.
NVIDIA stock performance
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. The firm has a market cap of $302.26 billion, a price-to-earnings ratio of 39.80, a P/E/G ratio of 3.94 and a beta of 1.69. The 50 day simple moving average is $157.27 and the 200 day simple moving average is $181.59. NVIDIA has a 1 year low of $119.46 and a 1 year high of $346.47.
NVIDIA (NASDAQ: NVDA – Get a rating) last published its quarterly earnings results on Wednesday, August 24th. The computer hardware maker reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by $0.01. The company had revenue of $6.70 billion for the quarter, compared to analyst estimates of $6.70 billion. NVIDIA had a return on equity of 36.83% and a net margin of 26.03%. The company’s revenue grew by 3.0% compared to the same period last year. In the same quarter last year, earnings per share amounted to $0.89. As a group of analysts expect that NVIDIA Co. will post 2.53 EPS in the current fiscal year.
NVIDIA announces dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, September 29th. Shareholders of record on Thursday, September 8th were given a $0.04 dividend. The ex-dividend date of this dividend was Wednesday, September 7th. That’s a $0.16 annualized dividend and a yield of 0.13%. NVIDIA’s dividend payout ratio is currently 5.25%.
Wall Street analysts predict growth
A number of brokerages recently issued reports on NVDA. Bank of America cut their price target on shares of NVIDIA from $270.00 to $220.00 and set a “buy” rating on the stock in a report on Wednesday, June 29th. TheStreet cut shares of NVIDIA from a “b-” rating to a “c+” rating in a report on Thursday, September 15th. Benchmark cut their price objective on shares of NVIDIA from $228.00 to $215.00 and set a “buy” rating on the stock in a report on Thursday, August 25th. Needham & Company LLC cut their price target on shares of NVIDIA from $185.00 to $170.00 and set a “buy” rating on the stock in a report on Friday, September 2nd. Finally, Jefferies Financial Group decreased their target price on shares of NVIDIA from $370.00 to $280.00 in a report on Thursday, August 25th. Eleven research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the stock. NVIDIA presently has a consensus rating of “Moderate Buy” and an average target price of $214.62, according to MarketBeat.com.
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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https://www.defenseworld.net/2022/10/01/global-strategic-investment-solutions-llc-has-263000-holdings-in-nvidia-co-nasdaqnvda.html Global Strategic Investment Solutions LLC has $263,000 in NVIDIA Co. (NASDAQ:NVDA)