Crew Capital Management Ltd. Raises Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Crew Capital Management Ltd. raised its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 795.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,216 shares of the computer hardware maker's stock after acquiring an additional 25,066 shares during the quarter. NVIDIA makes up 2.8% of Crew Capital Management Ltd.'s investment portfolio, making the stock its 9th largest holding. Crew Capital Management Ltd.'s holdings in NVIDIA were worth $3,486,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of NVDA. Hamilton Wealth LLC raised its position in shares of NVIDIA by 0.3% during the first quarter. Hamilton Wealth LLC now owns 3,142 shares of the computer hardware maker's stock worth $2,839,000 after purchasing an additional 9 shares during the period. Brooklyn FI LLC raised its position in shares of NVIDIA by 2.5% during the first quarter. Brooklyn FI LLC now owns 489 shares of the computer hardware maker's stock worth $442,000 after purchasing an additional 12 shares during the period. Curran Financial Partners LLC raised its position in shares of NVIDIA by 1.8% during the first quarter. Curran Financial Partners LLC now owns 691 shares of the computer hardware maker's stock worth $625,000 after purchasing an additional 12 shares during the period. Beacon Bridge Wealth Partners LLC raised its position in shares of NVIDIA by 2.6% during the first quarter. Beacon Bridge Wealth Partners LLC now owns 473 shares of the computer hardware maker's stock worth $428,000 after purchasing an additional 12 shares during the period. Finally, M. Kraus & Co raised its position in shares of NVIDIA by 2.0% during the first quarter. M. Kraus & Co now owns 657 shares of the computer hardware maker's stock worth $594,000 after purchasing an additional 13 shares during the period. Hedge funds and other institutional investors own 65.27% of the company's stock.

Analysts Set New Price Targets

NVDA has been the topic of a number of research analyst reports. Oppenheimer reaffirmed an "outperform" rating and set a $110.00 price target on shares of NVIDIA in a research report on Thursday, May 23rd. Rosenblatt Securities reissued a "buy" rating and issued a $200.00 target price on shares of NVIDIA in a research report on Thursday, August 29th. KeyCorp lifted their target price on NVIDIA from $130.00 to $180.00 and gave the company an "overweight" rating in a research report on Tuesday, July 9th. Loop Capital reissued a "buy" rating and issued a $175.00 target price on shares of NVIDIA in a research report on Monday, August 26th. Finally, Raymond James lifted their target price on NVIDIA from $120.00 to $140.00 and gave the company a "strong-buy" rating in a research report on Thursday, August 29th. Five research analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $142.10.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 120,000 shares of NVIDIA stock in a transaction on Monday, June 24th. The stock was sold at an average price of $120.84, for a total value of $14,500,800.00. Following the completion of the transaction, the chief executive officer now directly owns 80,574,995 shares of the company's stock, valued at approximately $9,736,682,395.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Jen Hsun Huang sold 120,000 shares of the business's stock in a transaction on Monday, June 24th. The stock was sold at an average price of $120.84, for a total transaction of $14,500,800.00. Following the completion of the transaction, the chief executive officer now owns 80,574,995 shares of the company's stock, valued at approximately $9,736,682,395.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Colette Kress sold 100,000 shares of the business's stock in a transaction on Friday, June 21st. The stock was sold at an average price of $126.99, for a total value of $12,699,000.00. Following the transaction, the chief financial officer now directly owns 5,288,862 shares of the company's stock, valued at approximately $671,632,585.38. The disclosure for this sale can be found here. Insiders sold 3,725,633 shares of company stock valued at $449,025,722 in the last three months. Corporate insiders own 4.23% of the company's stock.

NVIDIA Price Performance

NASDAQ NVDA traded up $4.50 during midday trading on Thursday, hitting $117.87. The company had a trading volume of 285,766,344 shares, compared to its average volume of 435,615,625. The company has a market capitalization of $2.90 trillion, a PE ratio of 69.54, a P/E/G ratio of 1.06 and a beta of 1.67. The company has a current ratio of 4.27, a quick ratio of 3.79 and a debt-to-equity ratio of 0.15. The firm has a 50-day moving average price of $116.45 and a 200-day moving average price of $106.68. NVIDIA Co. has a twelve month low of $39.23 and a twelve month high of $140.76.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data on Wednesday, August 28th. The computer hardware maker reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.04. The firm had revenue of $30.04 billion during the quarter, compared to analysts' expectations of $28.74 billion. NVIDIA had a return on equity of 113.50% and a net margin of 55.04%. The company's quarterly revenue was up 122.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.25 EPS. As a group, analysts anticipate that NVIDIA Co. will post 2.64 earnings per share for the current fiscal year.

NVIDIA Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Thursday, September 12th will be issued a $0.01 dividend. The ex-dividend date is Thursday, September 12th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA's dividend payout ratio is presently 2.34%.

NVIDIA announced that its Board of Directors has authorized a share repurchase program on Wednesday, August 28th that permits the company to buyback $50.00 billion in outstanding shares. This buyback authorization permits the computer hardware maker to reacquire up to 1.6% of its stock through open market purchases. Stock buyback programs are often a sign that the company's leadership believes its stock is undervalued.

NVIDIA Profile

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The 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; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.