Nadler Financial Group Inc. increased its stake in shares of NVIDIA Co. (NASDAQ: NVDA – Get a rating) by 5.5% during the second quarter, according to its most recent SEC filing. The fund owned 7,623 shares of the computer hardware maker’s stock after acquiring an additional 394 shares during the period. As of the end of the last quarter, the share of Nadler Financial Group Inc. at NVIDIA cost $1,156,000.
Several other hedge funds have also recently modified their holdings of NVDA. Vanguard Group Inc. grew its stake in NVIDIA by 1.2% in the first quarter. Now Vanguard Group Inc. now 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 in the last quarter. BlackRock Inc. raised its stake in shares of NVIDIA by 2.1% in the fourth quarter. Now BlackRock Inc. now owns 177,839,722 shares of the computer hardware maker’s stock valued at $52,304,441,000 after buying an additional 3,591,440 shares in the last quarter. Norges Bank acquired a new stake in shares of NVIDIA during the fourth quarter worth about $6,279,217,000. Charles Schwab Investment Management Inc. lifted its position in NVIDIA by 2.0% in the first quarter. Now Charles Schwab Investment Management Inc. now owns 12,269,735 shares of the computer hardware maker’s stock valued at $3,347,921,000 after buying an additional 243,671 shares in the last quarter. Finally, Edgewood Management LLC boosted its holdings in NVIDIA by 8.6% in the first quarter. Edgewood Management LLC now owns 12,195,984 shares of the computer hardware maker’s stock worth $3,327,796,000 after buying an additional 964,349 shares during the period. Institutional investors and hedge funds own 62.58% of the company’s shares.
NVIDIA stock performance
NASDAQ: NVDA opened at $121.39 on Friday. NVIDIA has a twelve month low of $119.46 and a twelve month high of $346.47. The company has a market cap of $302.26 billion, a P/E ratio of 39.80, a P/E/G ratio of 3.94 and a beta of 1.69. 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 company’s 50-day moving average is $157.27, and its 200-day moving average is $181.14.
NVIDIA (NASDAQ: NVDA – Get a rating) last published its earnings results on Wednesday, August 24th. The computer hardware maker reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). NVIDIA had a return on equity of 36.83% and a net margin of 26.03%. The company had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $6.70 billion. During the same period last year, the business earned $0.89 earnings per share. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. On average, sell-side analysts predict that NVIDIA Co. will post 2.53 EPS in the current fiscal year.
NVIDIA Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, September 29th. Shareholders of record on Thursday, September 8th were paid a $0.04 dividend. This amounts to a $0.16 annualized dividend and a dividend yield of 0.13%. The ex-dividend date was Wednesday, September 7th. NVIDIA’s dividend payout ratio (DPR) is currently 5.25%.
Changes in analysts’ ratings
Several analysts have commented on NVDA shares. TheStreet cut shares of NVIDIA from a “b-” rating to a “c+” rating in a research note on Thursday, September 15th. Tigress Financial reaffirmed a “buy” rating and issued a $310.00 price objective (down from $410.00) on shares of NVIDIA in a report on Friday, July 8th. They noted that the move was a valuation challenge. JPMorgan Chase & Co. cut their price objective on NVIDIA from $230.00 to $220.00 in a research note on Thursday, August 25th. Stifel Nicolaus assumed coverage on NVIDIA in a research note on Wednesday, September 7th. They issued a “hold” rating and a $165.00 target price on the stock. Finally, Susquehanna Bancshares cut their price target on NVIDIA to $180.00 in a research report on Friday. Eleven equities 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’s stock. NVIDIA has a consensus rating of “Moderate Buy” and a consensus target price of $214.62, according to MarketBeat.
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/2022/10/02/nadler-financial-group-inc-grows-stock-position-in-nvidia-co-nasdaqnvda.html Nadler Financial Group Inc. increases position in shares of NVIDIA Co. (NASDAQ:NVDA)