Clarius Group LLC increased its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 14.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 232,397 shares of the computer hardware maker's stock after buying an additional 29,293 shares during the period. NVIDIA comprises approximately 1.6% of Clarius Group LLC's portfolio, making the stock its 14th largest position. Clarius Group LLC's holdings in NVIDIA were worth $25,187,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Hemenway Trust Co LLC lifted its holdings in NVIDIA by 0.3% during the 1st quarter. Hemenway Trust Co LLC now owns 452,367 shares of the computer hardware maker's stock worth $49,028,000 after buying an additional 1,353 shares during the period. Financial Perspectives Inc raised its position in shares of NVIDIA by 2.8% during the first quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker's stock worth $4,981,000 after acquiring an additional 1,265 shares during the last quarter. Market Street Wealth Management Advisors LLC raised its position in shares of NVIDIA by 4.9% during the first quarter. Market Street Wealth Management Advisors LLC now owns 14,380 shares of the computer hardware maker's stock worth $1,559,000 after acquiring an additional 671 shares during the last quarter. Planning Center Inc. lifted its stake in shares of NVIDIA by 4.6% in the first quarter. Planning Center Inc. now owns 6,737 shares of the computer hardware maker's stock worth $730,000 after acquiring an additional 295 shares during the period. Finally, GSB Wealth Management LLC boosted its holdings in NVIDIA by 3.3% in the first quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker's stock valued at $3,534,000 after acquiring an additional 1,043 shares during the last quarter. 65.27% of the stock is owned by institutional investors.
Insider Buying and Selling
In related news, Director A Brooke Seawell sold 51,740 shares of the stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $154.62, for a total transaction of $8,000,038.80. Following the completion of the transaction, the director owned 1,576,709 shares in the company, valued at approximately $243,790,745.58. This represents a 3.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Ajay K. Puri sold 168,195 shares of the firm's stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total transaction of $25,673,284.80. Following the sale, the executive vice president owned 4,018,547 shares of the company's stock, valued at $613,391,014.08. This trade represents a 4.02% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,044,919 shares of company stock worth $584,414,209. 4.17% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
NVDA has been the subject of several analyst reports. Bank of America raised their price target on shares of NVIDIA from $150.00 to $160.00 and gave the stock a "buy" rating in a report on Wednesday, May 14th. Raymond James Financial increased their price objective on shares of NVIDIA from $150.00 to $165.00 and gave the stock a "strong-buy" rating in a research report on Thursday, May 29th. UBS Group restated a "buy" rating on shares of NVIDIA in a report on Friday, May 23rd. TD Cowen upped their price target on shares of NVIDIA from $140.00 to $175.00 and gave the company a "buy" rating in a research report on Thursday, May 29th. Finally, Mizuho lifted their price objective on NVIDIA from $170.00 to $185.00 and gave the stock an "outperform" rating in a research report on Thursday. One analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-four have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, NVIDIA presently has a consensus rating of "Moderate Buy" and an average target price of $176.19.
Read Our Latest Report on NVDA
NVIDIA Stock Performance
Shares of NVDA stock opened at $159.28 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. The firm has a 50-day moving average of $136.38 and a 200-day moving average of $127.84. NVIDIA Corporation has a one year low of $86.62 and a one year high of $160.98. The company has a market cap of $3.89 trillion, a P/E ratio of 51.38, a P/E/G ratio of 1.41 and a beta of 2.13.
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 analysts' consensus estimates of $0.87 by ($0.06). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The firm had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. During the same period in the previous year, the company posted $0.61 earnings per share. The company's revenue for the quarter was up 69.2% on a year-over-year basis. Equities research analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.
NVIDIA Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were issued 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 yield of 0.03%. NVIDIA's dividend payout ratio (DPR) is currently 1.29%.
NVIDIA Company 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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