Stillwater Capital Advisors LLC Boosts Stake in NVIDIA Co. (NASDAQ:NVDA)

Stillwater Capital Advisors LLC grew its stake in NVIDIA Co. (NASDAQ:NVDAGet Rating) by 0.8% in the second quarter, HoldingsChannel reports. The institutional investor owned 65,384 shares of the computer hardware maker’s stock after buying an additional 508 shares during the period. NVIDIA makes up 1.8% of Stillwater Capital Advisors LLC’s investment portfolio, making the stock its 24th largest position. Stillwater Capital Advisors LLC’s holdings in NVIDIA were worth $9,912,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in NVDA. Rather & Kittrell Inc. purchased a new position in shares of NVIDIA in the fourth quarter worth $26,000. Emerson Wealth LLC purchased a new position in shares of NVIDIA during the first quarter worth $27,000. Roble Belko & Company Inc raised its holdings in shares of NVIDIA by 550.0% during the first quarter. Roble Belko & Company Inc now owns 104 shares of the computer hardware maker’s stock worth $28,000 after purchasing an additional 88 shares during the last quarter. Clear Perspectives Financial Planning LLC purchased a new position in shares of NVIDIA during the first quarter worth $28,000. Finally, Claremont Financial Group Inc. purchased a new position in shares of NVIDIA during the fourth quarter worth $29,000. Hedge funds and other institutional investors own 62.58% of the company’s stock.

NVIDIA Stock Performance

NVDA opened at $125.61 on Friday. The firm has a market capitalization of $312.77 billion, a PE ratio of 41.18, a PEG ratio of 4.35 and a beta of 1.69. NVIDIA Co. has a twelve month low of $124.28 and a twelve month high of $346.47. The firm’s 50-day moving average price is $162.82 and its 200 day moving average price is $185.71. The company has a current ratio of 3.62, a quick ratio of 3.11 and a debt-to-equity ratio of 0.41.

NVIDIA (NASDAQ:NVDAGet Rating) last posted its quarterly earnings results on Wednesday, August 24th. The computer hardware maker reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.05). NVIDIA had a return on equity of 36.83% and a net margin of 26.03%. The business had revenue of $6.70 billion for the quarter, compared to analyst estimates of $6.70 billion. During the same quarter in the previous year, the firm posted $0.89 earnings per share. The business’s revenue was up 3.0% compared to the same quarter last year. As a group, sell-side analysts expect that NVIDIA Co. will post 2.49 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 29th. Stockholders of record on Thursday, September 8th will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.13%. The ex-dividend date is Wednesday, September 7th. NVIDIA’s dividend payout ratio (DPR) is 5.25%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on NVDA shares. Morgan Stanley reduced their target price on shares of NVIDIA from $217.00 to $182.00 and set an “equal weight” rating for the company in a report on Thursday, May 26th. Mizuho reduced their target price on shares of NVIDIA from $225.00 to $205.00 and set a “buy” rating for the company in a report on Thursday, September 15th. Citigroup reduced their target price on shares of NVIDIA from $285.00 to $248.00 and set a “buy” rating for the company in a report on Thursday, August 25th. The Goldman Sachs Group reduced their target price on shares of NVIDIA from $192.00 to $166.00 in a report on Friday, July 15th. Finally, KeyCorp dropped their price target on shares of NVIDIA from $250.00 to $230.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 12th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $214.91.

About NVIDIA

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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.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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