Global X Japan Co. Ltd. increased its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 8.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 356,955 shares of the computer hardware maker's stock after purchasing an additional 26,712 shares during the period. NVIDIA accounts for about 4.4% of Global X Japan Co. Ltd.'s portfolio, making the stock its 5th largest position. Global X Japan Co. Ltd.'s holdings in NVIDIA were worth $38,687,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of the stock. Montz Harcus Wealth Management LLC boosted its stake in NVIDIA by 4.1% in the 1st quarter. Montz Harcus Wealth Management LLC now owns 19,223 shares of the computer hardware maker's stock worth $2,083,000 after purchasing an additional 754 shares in the last quarter. WestHill Financial Advisors Inc. boosted its stake in NVIDIA by 1.8% in the 1st quarter. WestHill Financial Advisors Inc. now owns 9,523 shares of the computer hardware maker's stock worth $1,032,000 after purchasing an additional 168 shares in the last quarter. Centennial Wealth Advisory LLC boosted its stake in NVIDIA by 7.5% in the 1st quarter. Centennial Wealth Advisory LLC now owns 24,446 shares of the computer hardware maker's stock worth $2,649,000 after purchasing an additional 1,695 shares in the last quarter. Bigelow Investment Advisors LLC boosted its stake in NVIDIA by 0.5% in the 1st quarter. Bigelow Investment Advisors LLC now owns 23,606 shares of the computer hardware maker's stock worth $2,558,000 after purchasing an additional 129 shares in the last quarter. Finally, Luken Investment Analytics LLC boosted its stake in NVIDIA by 107.0% in the 1st quarter. Luken Investment Analytics LLC now owns 621 shares of the computer hardware maker's stock worth $67,000 after purchasing an additional 321 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, EVP Ajay K. Puri sold 168,195 shares of the business's stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $152.64, for a total value of $25,673,284.80. Following the completion of the sale, the executive vice president owned 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction on Monday, June 30th. The stock was sold at an average price of $157.53, for a total transaction of $11,814,750.00. Following the sale, the chief executive officer directly owned 75,323,225 shares in the company, valued at approximately $11,865,667,634.25. This trade represents a 0.10% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,044,919 shares of company stock valued at $584,414,209. 4.17% of the stock is owned by corporate insiders.
NVIDIA Price Performance
Shares of NASDAQ NVDA opened at $159.28 on Monday. The firm has a market cap of $3.89 trillion, a PE ratio of 51.38, a PEG ratio of 1.41 and a beta of 2.13. The firm has a fifty day moving average of $136.38 and a 200 day moving average of $127.81. 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 Corporation has a one year low of $86.62 and a one year high of $160.98.
NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.06). The company had revenue of $44.06 billion during the quarter, compared to analysts' expectations of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. NVIDIA's revenue was up 69.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.61 EPS. As a group, research analysts predict 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 was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date was Wednesday, June 11th. NVIDIA's payout ratio is presently 1.29%.
Analyst Ratings Changes
A number of research firms recently commented on NVDA. Hsbc Global Res cut shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Seaport Res Ptn raised shares of NVIDIA to a "strong sell" rating in a research report on Wednesday, April 30th. Needham & Company LLC reissued a "buy" rating and set a $160.00 price target on shares of NVIDIA in a research report on Thursday, May 29th. Stifel Nicolaus set a $180.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. Finally, Citigroup reissued a "buy" rating and set a $180.00 price target (up from $150.00) on shares of NVIDIA in a research report on Thursday, May 29th. One research analyst has rated the stock with a sell rating, four have given a hold rating, thirty-four have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $176.19.
View Our Latest Report on NVIDIA
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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