Maryland State Retirement & Pension System Has $76.96 Million Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Maryland State Retirement & Pension System decreased its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 2.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 181,934 shares of the computer hardware maker’s stock after selling 5,079 shares during the period. NVIDIA accounts for 1.6% of Maryland State Retirement & Pension System’s portfolio, making the stock its 6th largest position. Maryland State Retirement & Pension System’s holdings in NVIDIA were worth $76,962,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Sarasin & Partners LLP bought a new position in shares of NVIDIA during the second quarter valued at approximately $5,599,000. Sanders Morris Harris LLC increased its stake in shares of NVIDIA by 396.2% during the second quarter. Sanders Morris Harris LLC now owns 19,913 shares of the computer hardware maker’s stock valued at $8,441,000 after purchasing an additional 15,900 shares in the last quarter. Evanson Asset Management LLC grew its holdings in shares of NVIDIA by 20.7% during the second quarter. Evanson Asset Management LLC now owns 2,639 shares of the computer hardware maker’s stock valued at $1,116,000 after buying an additional 452 shares during the last quarter. Retireful LLC purchased a new stake in shares of NVIDIA during the second quarter valued at approximately $1,761,000. Finally, Hyperion Partners LLC grew its holdings in shares of NVIDIA by 22.0% during the second quarter. Hyperion Partners LLC now owns 1,219 shares of the computer hardware maker’s stock valued at $516,000 after buying an additional 220 shares during the last quarter. Institutional investors own 64.79% of the company’s stock.

NVIDIA Stock Performance

NVIDIA stock opened at $439.66 on Tuesday. The company’s 50-day moving average price is $455.24 and its 200-day moving average price is $366.89. NVIDIA Co. has a twelve month low of $108.13 and a twelve month high of $502.66. The company has a quick ratio of 2.37, a current ratio of 2.79 and a debt-to-equity ratio of 0.31. The company has a market cap of $1.09 trillion, a PE ratio of 106.20, a price-to-earnings-growth ratio of 3.44 and a beta of 1.74.

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

NVIDIA Announces Dividend

The firm 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 $0.04 dividend. The ex-dividend date of this dividend is Wednesday, September 6th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.04%. NVIDIA’s dividend payout ratio (DPR) is presently 3.86%.

Wall Street Analyst Weigh In

NVDA has been the topic of a number of recent analyst reports. KeyCorp increased their price target on shares of NVIDIA from $550.00 to $620.00 and gave the company an “overweight” rating in a report on Monday, August 21st. BNP Paribas upgraded shares of NVIDIA from a “neutral” rating to an “outperform” rating and set a $745.00 price target on the stock in a report on Thursday, August 24th. HSBC increased their price target on shares of NVIDIA from $600.00 to $780.00 and gave the company a “buy” rating in a report on Monday, August 21st. Raymond James raised their target price on shares of NVIDIA from $500.00 to $600.00 and gave the stock a “strong-buy” rating in a report on Thursday, August 24th. Finally, Morgan Stanley raised their target price on shares of NVIDIA from $500.00 to $630.00 and gave the stock an “overweight” rating in a report on Thursday, August 24th. One research analyst has rated the stock with a sell rating, two have given a hold rating, thirty-six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, NVIDIA presently has a consensus rating of “Moderate Buy” and an average target price of $555.70.

Insider Transactions at NVIDIA

In related news, CEO Jen Hsun Huang sold 29,688 shares of the company’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $454.01, for a total transaction of $13,478,648.88. Following the transaction, the chief executive officer now directly owns 7,918,875 shares in the company, valued at approximately $3,595,248,438.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Jen Hsun Huang sold 29,688 shares of the company’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $454.01, for a total transaction of $13,478,648.88. Following the transaction, the chief executive officer now directly owns 7,918,875 shares in the company, valued at approximately $3,595,248,438.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark A. Stevens sold 21,500 shares of the company’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $468.08, for a total transaction of $10,063,720.00. Following the transaction, the director now owns 1,030,786 shares in the company, valued at $482,490,310.88. 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 three months. Insiders own 3.99% of the company’s stock.

NVIDIA Company Profile

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.