Curated Wealth Partners LLC Acquires 357 Shares of NVIDIA Co. (NASDAQ:NVDA)

Curated Wealth Partners LLC increased its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 19.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,230 shares of the computer hardware maker’s stock after purchasing an additional 357 shares during the period. Curated Wealth Partners LLC’s holdings in NVIDIA were worth $943,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Contravisory Investment Management Inc. acquired a new stake in NVIDIA in the first quarter valued at approximately $28,000. Nordwand Advisors LLC acquired a new stake in NVIDIA in the first quarter valued at approximately $28,000. Graham Capital Wealth Management LLC acquired a new stake in NVIDIA in the first quarter valued at approximately $311,102,000. Quarry LP acquired a new stake in NVIDIA in the first quarter valued at approximately $34,000. Finally, 25 LLC acquired a new stake in NVIDIA in the first quarter valued at approximately $46,000. 64.79% of the stock is currently owned by institutional investors.

Insider Transactions at NVIDIA

In other news, Director John Dabiri sold 283 shares of the business’s stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of $424.53, for a total transaction of $120,141.99. Following the transaction, the director now directly owns 2,401 shares in the company, valued at approximately $1,019,296.53. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director John Dabiri sold 283 shares of the company’s stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of $424.53, for a total value of $120,141.99. Following the transaction, the director now directly owns 2,401 shares in the company, valued at $1,019,296.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Colette Kress sold 4,980 shares of the company’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $460.74, for a total value of $2,294,485.20. Following the completion of the transaction, the chief financial officer now owns 499,428 shares in the company, valued at $230,106,456.72. The disclosure for this sale can be found here. Insiders have sold a total of 145,515 shares of company stock worth $67,726,231 in the last ninety days. Insiders own 3.99% of the company’s stock.

Wall Street Analyst Weigh In

NVDA has been the subject of several research reports. Susquehanna lifted their price objective on shares of NVIDIA from $575.00 to $600.00 and gave the stock a “positive” rating in a research note on Thursday, August 24th. Wells Fargo & Company lifted their price objective on shares of NVIDIA from $500.00 to $600.00 and gave the stock an “overweight” rating in a research note on Thursday, August 24th. Benchmark lifted their price objective on shares of NVIDIA from $475.00 to $625.00 and gave the stock a “buy” rating in a research note on Thursday, August 24th. Jefferies Financial Group lifted their price objective on shares of NVIDIA from $500.00 to $610.00 and gave the stock a “buy” rating in a research note on Thursday, August 24th. Finally, Oppenheimer lifted their price objective on shares of NVIDIA from $500.00 to $650.00 and gave the stock an “outperform” rating in a research note on Thursday, August 24th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $555.70.

NVIDIA Price Performance

NASDAQ:NVDA opened at $439.66 on Tuesday. NVIDIA Co. has a 12 month low of $108.13 and a 12 month high of $502.66. The stock has a 50 day moving average of $455.24 and a two-hundred day moving average of $366.89. The company has a current ratio of 2.79, a quick ratio of 2.37 and a debt-to-equity ratio of 0.31. The firm has a market cap of $1.09 trillion, a P/E ratio of 106.20, a price-to-earnings-growth ratio of 3.44 and a beta of 1.74.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, August 23rd. The computer hardware maker reported $2.70 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.62. The business had revenue of $13.51 billion for the quarter, compared to analysts’ expectations of $11.19 billion. NVIDIA had a return on equity of 45.50% and a net margin of 31.59%. The business’s revenue for the quarter was up 101.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.32 EPS. On average, analysts expect that NVIDIA Co. will post 9.46 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Stockholders of record on Thursday, September 7th will be issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.04%. The ex-dividend date of this dividend is Wednesday, September 6th. NVIDIA’s dividend payout ratio is currently 3.86%.

About NVIDIA

NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. 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 GPUs for enterprise workstation graphics; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.