Burns Matteson Capital Management LLC boosted its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 20.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,563 shares of the computer hardware maker's stock after purchasing an additional 4,550 shares during the quarter. NVIDIA comprises about 1.4% of Burns Matteson Capital Management LLC's investment portfolio, making the stock its 18th largest holding. Burns Matteson Capital Management LLC's holdings in NVIDIA were worth $2,879,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Litman Gregory Wealth Management LLC increased its holdings in shares of NVIDIA by 34.5% in the first quarter. Litman Gregory Wealth Management LLC now owns 4,485 shares of the computer hardware maker's stock worth $486,000 after acquiring an additional 1,150 shares in the last quarter. Ascent Wealth Partners LLC increased its holdings in shares of NVIDIA by 2.3% in the first quarter. Ascent Wealth Partners LLC now owns 63,929 shares of the computer hardware maker's stock worth $6,929,000 after acquiring an additional 1,456 shares in the last quarter. Mayflower Financial Advisors LLC increased its holdings in shares of NVIDIA by 3.0% in the first quarter. Mayflower Financial Advisors LLC now owns 65,748 shares of the computer hardware maker's stock worth $7,126,000 after acquiring an additional 1,898 shares in the last quarter. Hudock Inc. increased its holdings in shares of NVIDIA by 14.5% in the first quarter. Hudock Inc. now owns 26,869 shares of the computer hardware maker's stock worth $2,912,000 after acquiring an additional 3,393 shares in the last quarter. Finally, Napatree Capital LLC increased its holdings in shares of NVIDIA by 4.8% in the first quarter. Napatree Capital LLC now owns 19,055 shares of the computer hardware maker's stock worth $2,065,000 after acquiring an additional 874 shares in the last quarter. Institutional investors own 65.27% of the company's stock.
Analyst Ratings Changes
Several brokerages have issued reports on NVDA. DA Davidson increased their price target on NVIDIA from $120.00 to $135.00 and gave the stock a "neutral" rating in a report on Thursday, May 29th. Seaport Res Ptn upgraded NVIDIA to a "strong sell" rating in a report on Wednesday, April 30th. Arete Research upgraded NVIDIA to a "strong-buy" rating in a report on Wednesday, May 21st. The Goldman Sachs Group began coverage on NVIDIA in a report on Thursday, July 10th. They set a "buy" rating and a $185.00 price objective for the company. Finally, Truist Financial increased their price objective on NVIDIA from $205.00 to $210.00 and gave the stock a "buy" rating in a report on Thursday, May 29th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-two have issued a buy rating and four have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $185.97.
Read Our Latest Stock Analysis on NVIDIA
NVIDIA Stock Performance
NASDAQ:NVDA opened at $181.62 on Thursday. The stock has a market cap of $4.43 trillion, a P/E ratio of 58.59, a PEG ratio of 1.61 and a beta of 2.14. The stock has a 50 day simple moving average of $162.34 and a 200 day simple moving average of $134.56. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $184.48.
NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly 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). The firm had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The business's revenue for the quarter was up 69.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.61 earnings per share. Research analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current year.
NVIDIA Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were issued a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA's payout ratio is currently 1.29%.
Insider Buying and Selling
In other NVIDIA news, EVP Ajay K. Puri sold 168,195 shares of NVIDIA stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total value of $25,673,284.80. Following the completion of the transaction, the executive vice president directly owned 4,018,547 shares of the company's stock, valued at $613,391,014.08. The trade was a 4.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark A. Stevens sold 935,000 shares of NVIDIA stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $140.92, for a total value of $131,760,200.00. Following the completion of the transaction, the director directly owned 9,214,697 shares of the company's stock, valued at $1,298,535,101.24. This represents a 9.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,837,440 shares of company stock valued at $889,404,782 over the last 90 days. 4.17% of the stock is currently owned by insiders.
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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