September 18, 2023
B.O.S.S. Retirement Advisors LLC Reduces Holdings in NVIDIA Co.
In a recent filing with the Securities and Exchange Commission, B.O.S.S. Retirement Advisors LLC has revealed a reduction in its holdings of NVIDIA Co. (NASDAQ: NVDA) during the second quarter. The company’s stake in the computer hardware maker was trimmed by 11.2%, amounting to the sale of 1,898 shares. As a result, B.O.S.S. Retirement Advisors LLC now owns 14,988 shares of NVIDIA’s stock.
The current holding size for NVIDIA represents approximately 1.3% of B.O.S.S. Retirement Advisors LLC’s entire portfolio and ranks as their ninth largest holding. Based on their most recent SEC filing, these holdings have been valued at $6,341,000.
NVIDIA recently released its quarterly earnings results on August 23rd. For the quarter, the computer hardware maker reported an impressive earnings per share (EPS) of $2.70, surpassing analysts’ consensus estimate of $2.08 by $0.62 per share. The company generated revenues amounting to $13.51 billion during this period, compared to a consensus estimate of $11.19 billion.
A closer look at NVIDIA’s financial performance reveals a remarkable year-over-year revenue growth rate of 101.5%. Additionally, the company achieved a return on equity of 45.50% and boasted a net margin of 31.59%. In comparison to the same quarter last year when they posted an EPS of $0.32, this quarter’s results highlight significant growth.
Industry analysts are now forecasting that NVIDIA Co.’s earnings per share for the entire fiscal year will be approximately $9.46.
This news regarding B.O.S.S Retirement Advisors LLC reducing their holdings in NVIDIA Co., coupled with the impressive quarterly earnings report from August, will undoubtedly attract interest from investors and market participants alike. As always, it is crucial for investors to conduct their own research and analysis before making any investment decisions.
For the latest stock analysis on NVIDIA Co., interested parties can refer to reliable financial resources and consult with reputable investment advisors.
Planet Labs PBC
Updated on: 03/12/2023
Debt to equity ratio: Neutral
Price to earnings ratio: Strong Sell
Price to book ratio: Strong Buy
DCF: Strong Buy
8:00 PM (UTC)
Date:03 December, 2023
|Analyst / firm||Rating|
NVIDIA Gains Momentum with Hedge Funds and Institutional Investors
In recent months, there has been a significant interest in the technology company NVIDIA from various hedge funds and institutional investors. Contravisory Investment Management Inc., Nordwand Advisors LLC, Graham Capital Wealth Management LLC, Quarry LP, and 25 LLC are among those who have either added to or reduced their stakes in the company. These investments have brought about a sense of curiosity and intrigue within the financial sector.
Contravisory Investment Management Inc. acquired a new position in NVIDIA during the first quarter of this year, with an estimated worth of approximately $28,000. Similarly, Nordwand Advisors LLC also added to its holdings in NVIDIA during the same period with an investment worth around $28,000. On a much larger scale, Graham Capital Wealth Management LLC acquired a new position in NVIDIA worth approximately $311,102,000 during the first quarter. Meanwhile, both Quarry LP and 25 LLC made smaller investments in the company during this time as well.
These figures signify not only confidence in NVIDIA as a company but also suggest that institutional investors and hedge funds see potential for growth and returns. With 64.79% of the stock now being owned by these investors, it is clear that NVIDIA has caught their attention.
Shares of NVDA stock opened at $439.00 on Monday, reflecting its market capitalization of $1.08 trillion. The price-to-earnings (P/E) ratio stands at 106.04 with a price/earnings growth (PEG) ratio of 3.57 and a beta value of 1.74. These statistics indicate that investors consider NVIDIA to be an attractive prospect despite its high valuation.
Furthermore, recent data regarding moving averages suggests positive performance for NVIDIA’s stock. The 50-day moving average is recorded at $455.24 while the two-hundred day moving average stands at $366.89.
NVIDIA Co.’s fifty-two week range reveals its ability to reach remarkable highs and lows. Its stock hit a low of $108.13 but has also achieved an impressive high of $502.66, demonstrating its potential for growth and volatility.
In terms of financial health, NVIDIA Co. holds a debt-to-equity ratio of 0.31, indicating stability and prudent management of financing options. The company also exhibits strong liquidity ratios with a current ratio of 2.79 and a quick ratio of 2.37.
Looking at recent corporate actions, NVIDIA announced a quarterly dividend which is scheduled to be paid on Thursday, September 28th. Stockholders who were recorded on Thursday, September 7th will receive a dividend of $0.04 per share. With an annualized dividend amounting to $0.16 and a dividend yield of 0.04%, NVIDIA’s dividend payout ratio (DPR) currently sits at 3.86%.
Several research reports have been released concerning NVDA in recent times, shedding light on the varying opinions within the financial community regarding its investment potential. BMO Capital Markets raised their price target from $450.00 to $550.00 and maintained their “outperform” rating for the stock in their research report published on Monday, August 21st.
Similarly, Wedbush increased their price objective from $490.00 to $600.00 and gave the stock an “outperform” rating in their report released on Thursday, August 24th.
Oppenheimer raised their price objective from $500.00 to $650.00 and also assigned an “outperform” rating to the stock on that same day.
Coinciding with Oppenheimer’s analysis, TD Cowen lifted their price objective from $500.00 to $600 — another bullish call for NVIDIA’s future performance.
Lastly, Stifel Nicolaus upgraded NVIDIA from a “hold” rating to a “buy” rating and raised their price target for the company to $600.00 in their report on Thursday, August 24th.
It is important to note that, according to Bloomberg, NVIDIA currently maintains an average rating of “Moderate Buy” along with a consensus target price of $555.70 based on these recommendations.
Overall, the recent interest and investments from hedge funds and institutional investors in NVIDIA highlight the confidence and enthusiasm surrounding the company’s future prospects. With a market capitalization of over a trillion dollars, strong financial indicators, positive moving averages, and analysts’ favorable ratings, it is clear that NVIDIA has captured the attention of many within the industry as a leading investment opportunity.