Attessa Capital LLC bought a new position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 3,086 shares of the computer hardware maker's stock, valued at approximately $334,000. NVIDIA makes up about 0.2% of Attessa Capital LLC's portfolio, making the stock its 29th biggest holding.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SC&H Financial Advisors Inc. increased its position in NVIDIA by 1.6% in the 4th quarter. SC&H Financial Advisors Inc. now owns 5,074 shares of the computer hardware maker's stock valued at $681,000 after acquiring an additional 80 shares during the period. DecisionPoint Financial LLC grew its stake in shares of NVIDIA by 2.9% in the 4th quarter. DecisionPoint Financial LLC now owns 2,878 shares of the computer hardware maker's stock valued at $386,000 after purchasing an additional 80 shares during the last quarter. BCR Wealth Strategies LLC increased its holdings in shares of NVIDIA by 3.1% in the fourth quarter. BCR Wealth Strategies LLC now owns 2,919 shares of the computer hardware maker's stock valued at $391,000 after purchasing an additional 89 shares during the period. Condor Capital Management raised its stake in shares of NVIDIA by 3.6% during the fourth quarter. Condor Capital Management now owns 2,559 shares of the computer hardware maker's stock worth $344,000 after purchasing an additional 89 shares during the last quarter. Finally, Squire Investment Management Company LLC lifted its holdings in shares of NVIDIA by 4.0% during the fourth quarter. Squire Investment Management Company LLC now owns 2,360 shares of the computer hardware maker's stock worth $317,000 after purchasing an additional 91 shares during the period. Institutional investors own 65.27% of the company's stock.
NVIDIA Trading Up 2.6%
Shares of NASDAQ NVDA traded up $3.73 during trading on Tuesday, hitting $147.90. 187,010,174 shares of the company traded hands, compared to its average volume of 270,622,127. The firm has a market capitalization of $3.61 trillion, a P/E ratio of 47.71, a P/E/G ratio of 1.27 and a beta of 2.12. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. The company has a 50-day moving average price of $127.76 and a 200-day moving average price of $126.59. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $153.13.
NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The business had revenue of $44.06 billion during the quarter, compared to analysts' expectations of $43.09 billion. During the same period in the prior year, the business posted $0.61 EPS. The business's revenue was up 69.2% on a year-over-year basis. On average, equities analysts predict that NVIDIA Corporation will post 2.77 EPS for the current year.
NVIDIA Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date is Wednesday, June 11th. NVIDIA's dividend payout ratio (DPR) is 1.29%.
Wall Street Analysts Forecast Growth
Several equities analysts have issued reports on the stock. Bank of America boosted their price objective on shares of NVIDIA from $150.00 to $160.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Wedbush reissued an "outperform" rating on shares of NVIDIA in a report on Thursday, May 29th. Stifel Nicolaus set a $180.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. Barclays boosted their target price on NVIDIA from $170.00 to $200.00 and gave the stock an "overweight" rating in a research report on Tuesday, June 17th. Finally, Benchmark reissued a "buy" rating and issued a $190.00 price target on shares of NVIDIA in a report on Thursday, May 29th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-five have given a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, NVIDIA currently has a consensus rating of "Moderate Buy" and an average target price of $173.05.
Read Our Latest Stock Report on NVDA
Insider Activity
In other news, Director Tench Coxe sold 1,000,000 shares of the firm's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $142.80, for a total transaction of $142,800,000.00. Following the completion of the sale, the director now directly owns 26,671,360 shares in the company, valued at $3,808,670,208. This trade represents a 3.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert K. Burgess sold 50,000 shares of the business's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $134.82, for a total value of $6,741,000.00. Following the completion of the transaction, the director now owns 201,044 shares in the company, valued at approximately $27,104,752.08. This trade represents a 19.92% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,393,863 shares of company stock worth $483,709,832 over the last 90 days. Company insiders own 4.17% of the company's stock.
About NVIDIA
(
Free Report)
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.
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