Burns J W & Co. Inc. NY Has $13.92 Million Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Burns J W & Co. Inc. NY increased its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 4.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 128,419 shares of the computer hardware maker's stock after buying an additional 5,460 shares during the quarter. NVIDIA comprises about 1.8% of Burns J W & Co. Inc. NY's investment portfolio, making the stock its 15th biggest position. Burns J W & Co. Inc. NY's holdings in NVIDIA were worth $13,918,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tacita Capital Inc purchased a new stake in shares of NVIDIA during the 4th quarter worth about $28,000. Vision Financial Markets LLC purchased a new position in NVIDIA in the fourth quarter valued at approximately $38,000. Luken Investment Analytics LLC acquired a new position in NVIDIA during the fourth quarter valued at approximately $40,000. Copia Wealth Management purchased a new stake in NVIDIA during the fourth quarter worth approximately $50,000. Finally, LSV Asset Management purchased a new position in shares of NVIDIA in the 4th quarter valued at $54,000. Institutional investors and hedge funds own 65.27% of the company's stock.

Analyst Ratings Changes

NVDA has been the subject of a number of research reports. TD Cowen upped their price target on shares of NVIDIA from $140.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday, May 29th. Hsbc Global Res downgraded NVIDIA from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 3rd. Wedbush restated an "outperform" rating on shares of NVIDIA in a report on Thursday, May 29th. DA Davidson lifted their price objective on shares of NVIDIA from $120.00 to $135.00 and gave the company a "neutral" rating in a research note on Thursday, May 29th. Finally, Rosenblatt Securities boosted their target price on shares of NVIDIA from $178.00 to $200.00 and gave the stock a "buy" rating in a research report on Thursday, May 29th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-six have given a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, NVIDIA currently has an average rating of "Moderate Buy" and a consensus target price of $171.66.

Insider Activity

In related news, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA 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 transaction, the insider now directly owns 479,428 shares of the company's stock, valued at $55,997,190.40. The trade was a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 $6,300,891.36. The trade was a 27.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,255,320 shares of company stock worth $172,680,419 over the last three months. Corporate insiders own 4.17% of the company's stock.

NVIDIA Stock Performance

NASDAQ NVDA traded up $1.33 on Tuesday, hitting $143.96. The stock had a trading volume of 154,969,369 shares, compared to its average volume of 273,132,656. The company's 50-day moving average is $119.10 and its two-hundred day moving average is $126.11. NVIDIA Co. has a one year low of $86.62 and a one year high of $153.13. The stock has a market cap of $3.51 trillion, a price-to-earnings ratio of 56.65, a P/E/G ratio of 1.76 and a beta of 2.12. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share 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 business had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. During the same period in the previous year, the firm earned $0.61 EPS. The firm's revenue was up 69.2% on a year-over-year basis. On average, analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th will be given a dividend of $0.01 per share. 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 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.