Collective Family Office LLC lowered its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 23.2% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 11,469 shares of the computer hardware maker's stock after selling 3,456 shares during the quarter. Collective Family Office LLC's holdings in NVIDIA were worth $1,243,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the company. Regent Peak Wealth Advisors LLC grew its position in NVIDIA by 0.4% during the 4th quarter. Regent Peak Wealth Advisors LLC now owns 81,833 shares of the computer hardware maker's stock worth $10,989,000 after purchasing an additional 322 shares during the period. Wealth Group Ltd. raised its position in NVIDIA by 1.8% during the fourth quarter. Wealth Group Ltd. now owns 5,702 shares of the computer hardware maker's stock valued at $766,000 after acquiring an additional 100 shares in the last quarter. Tallon Kerry Patrick purchased a new stake in NVIDIA in the 4th quarter worth approximately $972,000. Capital & Planning LLC grew its stake in shares of NVIDIA by 16.9% during the 4th quarter. Capital & Planning LLC now owns 7,604 shares of the computer hardware maker's stock worth $1,021,000 after purchasing an additional 1,099 shares during the period. Finally, SeaTown Holdings Pte. Ltd. increased its holdings in shares of NVIDIA by 66.0% during the 4th quarter. SeaTown Holdings Pte. Ltd. now owns 109,412 shares of the computer hardware maker's stock valued at $14,693,000 after purchasing an additional 43,500 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.
Wall Street Analyst Weigh In
Several analysts recently commented on NVDA shares. UBS Group restated a "buy" rating on shares of NVIDIA in a research report on Friday, May 23rd. Needham & Company LLC reaffirmed a "buy" rating and issued a $160.00 price target on shares of NVIDIA in a report on Thursday, May 29th. TD Cowen boosted their price objective on NVIDIA from $140.00 to $175.00 and gave the company a "buy" rating in a research report on Thursday, May 29th. Seaport Res Ptn raised shares of NVIDIA to a "strong sell" rating in a research note on Wednesday, April 30th. Finally, Stifel Nicolaus set a $180.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, thirty-five have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, NVIDIA currently has an average rating of "Moderate Buy" and a consensus price target of $172.24.
Check Out Our Latest Report on NVDA
Insider Activity at NVIDIA
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 value of $525,600.00. Following the completion of the transaction, the insider now directly owns 479,428 shares in the company, valued at approximately $55,997,190.40. This trade represents a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Tench Coxe sold 1,000,000 shares of the stock in a transaction on Monday, June 9th. The stock was sold at an average price of $142.80, for a total transaction of $142,800,000.00. Following the sale, the director now directly owns 26,671,360 shares in the company, valued at $3,808,670,208. This trade represents a 3.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,560,845 shares of company stock worth $360,351,849. Company insiders own 4.17% of the company's stock.
NVIDIA Trading Up 1.5%
Shares of NVDA traded up $2.17 on Thursday, hitting $145.00. 161,141,087 shares of the stock traded hands, compared to its average volume of 276,913,809. The firm has a market capitalization of $3.54 trillion, a P/E ratio of 57.06, a P/E/G ratio of 1.76 and a beta of 2.12. The stock's 50 day moving average is $120.91 and its two-hundred day moving average is $126.34. NVIDIA Co. has a 1 year low of $86.62 and a 1 year high of $153.13. 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 posted its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. During the same period in the prior year, the company earned $0.61 EPS. The company's revenue was up 69.2% compared to the same quarter last year. As a group, sell-side analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current year.
NVIDIA Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th will be given a dividend of $0.01 per share. 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 dividend payout ratio (DPR) is presently 1.29%.
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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