Arlington Financial Advisors LLC raised its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 185.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,666 shares of the computer hardware maker's stock after acquiring an additional 3,684 shares during the quarter. Arlington Financial Advisors LLC's holdings in NVIDIA were worth $614,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the company. Wealth Group Ltd. grew its position in shares of NVIDIA by 1.8% during the fourth quarter. Wealth Group Ltd. now owns 5,702 shares of the computer hardware maker's stock worth $766,000 after buying an additional 100 shares in the last quarter. Tallon Kerry Patrick acquired a new stake in NVIDIA in the fourth quarter valued at $972,000. Capital & Planning LLC boosted its stake in NVIDIA by 16.9% during the 4th quarter. Capital & Planning LLC now owns 7,604 shares of the computer hardware maker's stock valued at $1,021,000 after acquiring an additional 1,099 shares during the last quarter. Ironwood Wealth Management LLC. grew its holdings in 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. Finally, Perfromance Wealth Partners LLC grew its holdings in NVIDIA by 0.6% during the 4th quarter. Perfromance Wealth Partners LLC now owns 1,313,873 shares of the computer hardware maker's stock worth $176,440,000 after acquiring an additional 7,560 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.
NVIDIA Price Performance
Shares of NASDAQ NVDA traded down $3.03 during mid-day trading on Friday, reaching $141.97. 180,270,368 shares of the company traded hands, compared to its average volume of 276,444,292. NVIDIA Co. has a fifty-two week low of $86.62 and a fifty-two week high of $153.13. The firm has a market cap of $3.46 trillion, a PE ratio of 55.87, a price-to-earnings-growth ratio of 1.76 and a beta of 2.12. The stock has a fifty day simple moving average of $121.86 and a 200-day simple moving average of $126.41. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64.
NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm's revenue for the quarter was up 69.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.61 earnings per share. Equities research analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current fiscal year.
NVIDIA Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date of this dividend is Wednesday, June 11th. NVIDIA's payout ratio is 1.29%.
Insider Buying and Selling at NVIDIA
In other NVIDIA news, Director Aarti S. Shah sold 20,000 shares of the company's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the completion of the sale, the director now directly owns 53,208 shares of the company's stock, valued at approximately $6,300,891.36. This represents a 27.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm's stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.80, for a total transaction of $525,600.00. Following the completion of the transaction, the insider now owns 479,428 shares of the company's stock, valued at approximately $55,997,190.40. The trade was a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 2,560,845 shares of company stock valued at $360,351,849. 4.17% of the stock is owned by insiders.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on the stock. UBS Group restated a "buy" rating on shares of NVIDIA in a research note on Friday, May 23rd. DZ Bank raised NVIDIA from a "hold" rating to a "strong-buy" rating in a report on Friday, February 28th. KeyCorp set a $190.00 price objective on NVIDIA in a research note on Wednesday, March 19th. Stifel Nicolaus set a $180.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. Finally, Needham & Company LLC restated a "buy" rating and issued a $160.00 price target on shares of NVIDIA in a research report on Thursday, May 29th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-five have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $172.24.
Get Our Latest Stock Analysis 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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