Canton Hathaway LLC Buys 23,043 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Canton Hathaway LLC increased its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 248.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 32,313 shares of the computer hardware maker's stock after buying an additional 23,043 shares during the period. NVIDIA accounts for about 0.7% of Canton Hathaway LLC's portfolio, making the stock its 18th largest holding. Canton Hathaway LLC's holdings in NVIDIA were worth $3,502,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Tacita Capital Inc acquired a new position in shares of NVIDIA in the 4th quarter valued at approximately $28,000. Vision Financial Markets LLC acquired a new position in shares of NVIDIA in the 4th quarter valued at approximately $38,000. Copia Wealth Management acquired a new position in shares of NVIDIA in the 4th quarter valued at approximately $50,000. Bruce G. Allen Investments LLC raised its position in shares of NVIDIA by 198.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after buying an additional 327 shares in the last quarter. Finally, LSV Asset Management acquired a new position in shares of NVIDIA in the 4th quarter valued at approximately $54,000. Institutional investors and hedge funds own 65.27% of the company's stock.

NVIDIA Stock Up 1.8%

NVIDIA stock opened at $162.88 on Thursday. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $164.42. The firm's fifty day moving average is $139.47 and its 200 day moving average is $128.43. The company has a market capitalization of $3.97 trillion, a PE ratio of 52.54, a PEG ratio of 1.42 and a beta of 2.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The company had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. During the same quarter in the previous year, the firm earned $0.61 EPS. The firm's revenue was up 69.2% on a year-over-year basis. As a group, sell-side analysts predict that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.02%. NVIDIA's payout ratio is presently 1.29%.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $152.54, for a total transaction of $11,440,500.00. Following the transaction, the chief executive officer owned 75,548,225 shares in the company, valued at approximately $11,524,126,241.50. This represents a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Mark A. Stevens sold 935,000 shares of the company's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $140.92, for a total transaction of $131,760,200.00. Following the transaction, the director owned 9,214,697 shares in the company, valued at approximately $1,298,535,101.24. The trade was a 9.21% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,296,844 shares of company stock worth $624,019,677. Corporate insiders own 4.17% of the company's stock.

Wall Street Analysts Forecast Growth

NVDA has been the subject of several analyst reports. UBS Group restated a "buy" rating on shares of NVIDIA in a research report on Friday, May 23rd. Seaport Res Ptn raised shares of NVIDIA to a "strong sell" rating in a report on Wednesday, April 30th. KeyCorp set a $190.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. William Blair reaffirmed an "outperform" rating on shares of NVIDIA in a report on Thursday, March 20th. Finally, Susquehanna reaffirmed a "positive" rating and set a $180.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. One analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-four have given a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $176.47.

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.

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