Farmers & Merchants Investments Inc. raised its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 133.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 155,294 shares of the computer hardware maker's stock after acquiring an additional 88,806 shares during the quarter. Farmers & Merchants Investments Inc.'s holdings in NVIDIA were worth $16,831,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Wealth Group Ltd. grew its stake in shares of NVIDIA by 1.8% in the fourth quarter. Wealth Group Ltd. now owns 5,702 shares of the computer hardware maker's stock valued at $766,000 after buying an additional 100 shares in the last quarter. Tallon Kerry Patrick bought a new position in shares of NVIDIA in the fourth quarter valued at $972,000. Capital & Planning LLC grew its stake in shares of NVIDIA by 16.9% in the fourth quarter. Capital & Planning LLC now owns 7,604 shares of the computer hardware maker's stock valued at $1,021,000 after buying an additional 1,099 shares in the last quarter. Ironwood Wealth Management LLC. grew its stake in shares of NVIDIA by 1.6% in the fourth quarter. Ironwood Wealth Management LLC. now owns 6,483 shares of the computer hardware maker's stock valued at $871,000 after buying an additional 104 shares in the last quarter. Finally, Brighton Jones LLC grew its stake in shares of NVIDIA by 12.4% in the fourth quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker's stock valued at $43,631,000 after buying an additional 35,815 shares in the last quarter. 65.27% of the stock is owned by institutional investors.
NVIDIA Stock Up 1.8%
NVDA stock opened at $157.75 on Friday. The company has a market cap of $3.85 trillion, a PE ratio of 50.89, a price-to-earnings-growth ratio of 1.40 and a beta of 2.12. The business has a 50-day simple moving average of $130.96 and a 200 day simple moving average of $126.97. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $158.71. 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 (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results 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). The company had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The firm's revenue for the quarter was up 69.2% compared to the same quarter last year. During the same period last year, the firm earned $0.61 EPS. Sell-side analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.
NVIDIA Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th will be paid 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%.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on the stock. Arete Research raised shares of NVIDIA to a "strong-buy" rating in a research note on Wednesday, May 21st. UBS Group reaffirmed a "buy" rating on shares of NVIDIA in a report on Friday, May 23rd. William Blair reaffirmed an "outperform" rating on shares of NVIDIA in a report on Thursday, March 20th. Truist Financial raised their price target on NVIDIA from $205.00 to $210.00 and gave the company a "buy" rating in a report on Thursday, May 29th. Finally, Bank of America raised their price target on NVIDIA from $150.00 to $160.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have assigned a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, NVIDIA currently has an average rating of "Moderate Buy" and an average price target of $175.78.
Get Our Latest Research Report on NVIDIA
Insider Activity at NVIDIA
In other NVIDIA news, EVP Ajay K. Puri sold 168,195 shares of the business'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 completion of the transaction, the executive vice president now owns 4,018,547 shares of the company's stock, valued at approximately $613,391,014.08. The trade was a 4.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director A Brooke Seawell sold 50,980 shares of the business's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $156.92, for a total value of $7,999,781.60. Following the transaction, the director now directly owns 1,679,361 shares of the company's stock, valued at approximately $263,525,328.12. The trade was a 2.95% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,792,267 shares of company stock valued at $544,823,117 over the last quarter. 4.17% of the stock is owned by corporate insiders.
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.
Further Reading
Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Corporation (NASDAQ:NVDA - Free Report).
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