Curbstone Financial Management Corp Has $7.31 Million Holdings in NVIDIA Corporation (NASDAQ:NVDA)

Curbstone Financial Management Corp raised its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 371.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 67,474 shares of the computer hardware maker's stock after acquiring an additional 53,168 shares during the period. NVIDIA comprises about 1.5% of Curbstone Financial Management Corp's investment portfolio, making the stock its 13th largest holding. Curbstone Financial Management Corp's holdings in NVIDIA were worth $7,313,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NVDA. Columbia Advisory Partners LLC bought a new stake in NVIDIA during the first quarter worth about $239,000. Rowlandmiller & PARTNERS.ADV grew its position in NVIDIA by 2.6% during the first quarter. Rowlandmiller & PARTNERS.ADV now owns 42,540 shares of the computer hardware maker's stock worth $4,610,000 after buying an additional 1,060 shares in the last quarter. Redhawk Wealth Advisors Inc. boosted its holdings in shares of NVIDIA by 1.1% in the 1st quarter. Redhawk Wealth Advisors Inc. now owns 128,304 shares of the computer hardware maker's stock valued at $13,906,000 after purchasing an additional 1,427 shares in the last quarter. Alhambra Investment Management LLC boosted its holdings in shares of NVIDIA by 21.5% in the 1st quarter. Alhambra Investment Management LLC now owns 2,348 shares of the computer hardware maker's stock valued at $254,000 after purchasing an additional 415 shares in the last quarter. Finally, CX Institutional boosted its holdings in shares of NVIDIA by 18.8% in the 1st quarter. CX Institutional now owns 245,716 shares of the computer hardware maker's stock valued at $26,631,000 after purchasing an additional 38,873 shares in the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on NVDA shares. UBS Group reiterated a "buy" rating on shares of NVIDIA in a research report on Friday, May 23rd. HSBC lowered NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price objective for the company. in a research report on Thursday, April 3rd. Tigress Financial reaffirmed a "buy" rating on shares of NVIDIA in a research report on Wednesday, February 26th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $200.00 target price on shares of NVIDIA in a research report on Wednesday, April 16th. Finally, Raymond James Financial boosted their target price on NVIDIA from $150.00 to $165.00 and gave the stock a "strong-buy" rating in a research note on Thursday, May 29th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-four have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, NVIDIA has a consensus rating of "Moderate Buy" and an average target price of $173.69.

Insiders Place Their Bets

In other news, Director A Brooke Seawell sold 54,467 shares of the business's stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $146.88, for a total transaction of $8,000,112.96. Following the completion of the sale, the director now owns 1,834,570 shares of the company's stock, valued at $269,461,641.60. The trade was a 2.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mark A. Stevens sold 608,248 shares of the company's stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $145.26, for a total transaction of $88,354,104.48. Following the completion of the transaction, the director now directly owns 8,247,600 shares of the company's stock, valued at $1,198,046,376. This represents a 6.87% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,393,863 shares of company stock valued at $483,709,832. Company insiders own 4.17% of the company's stock.

NVIDIA Price Performance

NVDA stock opened at $147.90 on Wednesday. The firm has a 50 day moving average price of $127.76 and a 200-day moving average price of $126.59. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $153.13. The firm has a market capitalization of $3.61 trillion, a price-to-earnings ratio of 47.71, a PEG ratio of 1.27 and a beta of 2.12. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share 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 analysts' expectations of $43.09 billion. During the same quarter in the previous year, the firm earned $0.61 earnings per share. NVIDIA's revenue 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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date is Wednesday, June 11th. NVIDIA's dividend payout ratio (DPR) is presently 1.29%.

NVIDIA 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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