Dumont & Blake Investment Advisors LLC decreased its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 15.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,246 shares of the computer hardware maker's stock after selling 2,117 shares during the period. Dumont & Blake Investment Advisors LLC's holdings in NVIDIA were worth $1,219,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of the business. FMR LLC grew its position in NVIDIA by 0.7% in the 4th quarter. FMR LLC now owns 1,004,376,608 shares of the computer hardware maker's stock valued at $134,877,735,000 after buying an additional 6,665,252 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of NVIDIA by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 555,548,278 shares of the computer hardware maker's stock worth $74,439,273,000 after purchasing an additional 9,468,786 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of NVIDIA by 0.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 411,328,951 shares of the computer hardware maker's stock worth $55,237,367,000 after acquiring an additional 3,721,331 shares during the last quarter. Norges Bank bought a new stake in NVIDIA in the fourth quarter valued at about $43,515,504,000. Finally, Northern Trust Corp grew its stake in NVIDIA by 15.8% in the fourth quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock valued at $35,782,134,000 after acquiring an additional 36,266,817 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.
NVIDIA Stock Up 1.1%
Shares of NVDA traded up $1.57 on Thursday, reaching $144.40. The stock had a trading volume of 82,386,490 shares, compared to its average volume of 276,614,343. The company has a 50-day simple moving average of $120.91 and a 200-day simple moving average of $126.34. The firm has a market capitalization of $3.52 trillion, a price-to-earnings ratio of 56.83, a price-to-earnings-growth ratio of 1.76 and a beta of 2.12. NVIDIA Co. has a 12-month low of $86.62 and a 12-month high of $153.13. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10.
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). NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm had revenue of $44.06 billion for the quarter, compared to analysts' expectations of $43.09 billion. During the same quarter in the prior year, the business earned $0.61 EPS. The business's quarterly revenue was up 69.2% compared to the same quarter last year. Sell-side analysts predict that NVIDIA Co. will post 2.77 EPS for the current year.
NVIDIA Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date is Wednesday, June 11th. NVIDIA's dividend payout ratio is currently 1.29%.
Analysts Set New Price Targets
A number of equities analysts recently commented on NVDA shares. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $200.00 price target on shares of NVIDIA in a research report on Wednesday, April 16th. Susquehanna reiterated a "positive" rating and issued a $180.00 price objective on shares of NVIDIA in a report on Wednesday, March 19th. DZ Bank upgraded NVIDIA from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 28th. Morgan Stanley restated an "overweight" rating and issued a $170.00 price objective (up from $160.00) on shares of NVIDIA in a research report on Thursday, May 29th. Finally, Seaport Res Ptn upgraded NVIDIA to a "strong sell" rating in a research report on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, thirty-five have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $172.24.
Get Our Latest Report on NVDA
Insider Buying and Selling
In related news, insider Donald F. Robertson, Jr. sold 4,500 shares of the business's stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $525,600.00. Following the sale, the insider now owns 479,428 shares of the company's stock, valued at approximately $55,997,190.40. The trade was a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Tench Coxe sold 1,000,000 shares of the firm's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $142.80, for a total transaction of $142,800,000.00. Following the transaction, the director now owns 26,671,360 shares of the company's stock, 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. In the last 90 days, insiders sold 2,560,845 shares of company stock valued at $360,351,849. 4.17% of the stock is owned by company insiders.
NVIDIA 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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