Abner Herrman & Brock LLC trimmed its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 5.1% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 489,193 shares of the computer hardware maker's stock after selling 26,488 shares during the quarter. NVIDIA comprises about 6.8% of Abner Herrman & Brock LLC's investment portfolio, making the stock its largest holding. Abner Herrman & Brock LLC's holdings in NVIDIA were worth $53,019,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Sterneck Capital Management LLC grew its stake in NVIDIA by 5.7% during the 1st quarter. Sterneck Capital Management LLC now owns 3,705 shares of the computer hardware maker's stock worth $402,000 after buying an additional 200 shares during the last quarter. Allied Investment Advisors LLC grew its stake in shares of NVIDIA by 9.3% during the first quarter. Allied Investment Advisors LLC now owns 5,090 shares of the computer hardware maker's stock worth $552,000 after acquiring an additional 435 shares during the last quarter. Fifth Third Wealth Advisors LLC increased its holdings in shares of NVIDIA by 12.4% during the first quarter. Fifth Third Wealth Advisors LLC now owns 568,678 shares of the computer hardware maker's stock valued at $61,633,000 after acquiring an additional 62,911 shares in the last quarter. Peoples Bank KS boosted its stake in NVIDIA by 475.8% in the 1st quarter. Peoples Bank KS now owns 3,973 shares of the computer hardware maker's stock worth $431,000 after purchasing an additional 3,283 shares in the last quarter. Finally, Verde Capital Management increased its stake in NVIDIA by 5.5% during the 1st quarter. Verde Capital Management now owns 55,958 shares of the computer hardware maker's stock valued at $6,065,000 after purchasing an additional 2,917 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.
NVIDIA Stock Performance
Shares of NVDA traded up $2.17 during midday trading on Thursday, reaching $145.00. 161,506,082 shares of the stock were exchanged, compared to its average volume of 276,827,751. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The company has a market capitalization of $3.54 trillion, a price-to-earnings ratio of 57.06, a PEG ratio of 1.76 and a beta of 2.12. The business's 50-day moving average price is $120.91 and its 200 day moving average price is $126.34. NVIDIA Co. has a twelve month low of $86.62 and a twelve 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). NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company had revenue of $44.06 billion during the quarter, compared to analysts' expectations of $43.09 billion. During the same quarter in the prior year, the company earned $0.61 earnings per share. The firm's revenue was up 69.2% compared to the same quarter last year. On average, sell-side analysts expect that NVIDIA Co. will post 2.77 EPS for the current fiscal year.
NVIDIA Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA's dividend payout ratio (DPR) is presently 1.29%.
Insiders Place Their Bets
In related news, Director Tench Coxe sold 1,000,000 shares of the firm's stock in a transaction that occurred on 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 transaction, the director now owns 26,671,360 shares in the company, valued at $3,808,670,208. This trade represents a 3.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction on Friday, March 21st. The stock was sold at an average price of $116.80, for a total value of $525,600.00. Following the sale, the insider now owns 479,428 shares in the company, valued at $55,997,190.40. The trade was a 0.93% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,560,845 shares of company stock valued at $360,351,849 over the last quarter. Insiders own 4.17% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on the company. DZ Bank raised NVIDIA from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 28th. Needham & Company LLC reiterated a "buy" rating and issued a $160.00 target price on shares of NVIDIA in a research report on Thursday, May 29th. Summit Insights raised shares of NVIDIA from a "hold" rating to a "buy" rating in a report on Thursday, May 29th. Mizuho boosted their target price on shares of NVIDIA from $168.00 to $170.00 and gave the company an "outperform" rating in a research report on Thursday, May 29th. Finally, Stifel Nicolaus set a $180.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-five have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $172.24.
Read Our Latest Research Report on NVDA
NVIDIA Profile
(
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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