Ables Iannone Moore & Associates Inc. Has $13.85 Million Stake in NVIDIA Co. (NASDAQ:NVDA)

Ables Iannone Moore & Associates Inc. decreased its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 1.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 127,743 shares of the computer hardware maker's stock after selling 2,314 shares during the quarter. NVIDIA accounts for approximately 9.4% of Ables Iannone Moore & Associates Inc.'s portfolio, making the stock its 3rd largest position. Ables Iannone Moore & Associates Inc.'s holdings in NVIDIA were worth $13,845,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Regent Peak Wealth Advisors LLC boosted its holdings in NVIDIA by 0.4% in the fourth quarter. Regent Peak Wealth Advisors LLC now owns 81,833 shares of the computer hardware maker's stock worth $10,989,000 after acquiring an additional 322 shares in the last quarter. Wealth Group Ltd. lifted its position in shares of NVIDIA by 1.8% in the fourth quarter. Wealth Group Ltd. now owns 5,702 shares of the computer hardware maker's stock valued at $766,000 after acquiring an additional 100 shares in the last quarter. Tallon Kerry Patrick bought a new position in NVIDIA in the 4th quarter worth approximately $972,000. Capital & Planning LLC lifted its stake in NVIDIA by 16.9% in the 4th quarter. Capital & Planning LLC now owns 7,604 shares of the computer hardware maker's stock worth $1,021,000 after purchasing an additional 1,099 shares in the last quarter. Finally, Ironwood Wealth Management LLC. raised its holdings in shares of NVIDIA by 1.6% during the 4th quarter. Ironwood Wealth Management LLC. now owns 6,483 shares of the computer hardware maker's stock worth $871,000 after acquiring an additional 104 shares in the last quarter. Institutional investors own 65.27% of the company's stock.

Insiders Place Their Bets

In other NVIDIA news, Director Mark A. Stevens sold 190,000 shares of the business's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $142.51, for a total transaction of $27,076,900.00. Following the completion of the sale, the director now owns 8,855,848 shares in the company, valued at $1,262,046,898.48. The trade was a 2.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Colette Kress sold 66,660 shares of the company's stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.83, for a total value of $7,787,887.80. Following the transaction, the chief financial officer now directly owns 3,085,765 shares of the company's stock, valued at $360,509,924.95. This trade represents a 2.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,560,845 shares of company stock worth $360,351,849 over the last quarter. 4.17% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on NVDA. Truist Financial upped their price target on shares of NVIDIA from $205.00 to $210.00 and gave the company a "buy" rating in a report on Thursday, May 29th. Stifel Nicolaus set a $180.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. Susquehanna reiterated a "positive" rating and issued a $180.00 price target on shares of NVIDIA in a research note on Wednesday, March 19th. DA Davidson boosted their price target on NVIDIA from $120.00 to $135.00 and gave the company a "neutral" rating in a research note on Thursday, May 29th. Finally, DZ Bank upgraded NVIDIA from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-five have given a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, NVIDIA presently has a consensus rating of "Moderate Buy" and a consensus target price of $172.24.

NVIDIA Price Performance

Shares of NASDAQ:NVDA traded up $1.57 during trading on Thursday, hitting $144.40. 82,386,490 shares of the stock were exchanged, compared to its average volume of 276,614,343. The company has a market cap of $3.52 trillion, a PE ratio of 56.83, a P/E/G ratio of 1.76 and a beta of 2.12. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The company has a fifty day moving average price of $120.91 and a two-hundred day moving average price of $126.34. NVIDIA Co. has a 12-month low of $86.62 and a 12-month high of $153.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.06). The company had revenue of $44.06 billion during the quarter, compared to analysts' expectations of $43.09 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm's revenue was up 69.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.61 earnings per share. On average, analysts forecast that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date is Wednesday, June 11th. NVIDIA's dividend payout ratio is presently 1.29%.

NVIDIA Company 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.