Harel Insurance Investments & Financial Services Ltd. lessened its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 2.7% in the first quarter, according to its most recent filing with the SEC. The fund owned 463,790 shares of the computer hardware maker's stock after selling 12,694 shares during the period. Harel Insurance Investments & Financial Services Ltd.'s holdings in NVIDIA were worth $50,268,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Tacita Capital Inc acquired a new position in shares of NVIDIA during the fourth quarter worth approximately $28,000. Vision Financial Markets LLC acquired a new position in NVIDIA during the 4th quarter valued at $38,000. Copia Wealth Management bought a new stake in NVIDIA in the 4th quarter valued at $50,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in NVIDIA in the 1st quarter worth $51,000. Finally, Bruce G. Allen Investments LLC increased its holdings in shares of NVIDIA by 198.2% during the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock worth $53,000 after purchasing an additional 327 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.
NVIDIA Stock Performance
NASDAQ NVDA traded down $4.15 on Friday, hitting $173.72. 203,669,565 shares of the company's stock were exchanged, compared to its average volume of 248,821,531. The firm's 50-day moving average price is $154.45 and its two-hundred day moving average price is $132.03. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $183.30. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. The firm has a market cap of $4.24 trillion, a price-to-earnings ratio of 56.04, a P/E/G ratio of 1.58 and a beta of 2.13.
NVIDIA (NASDAQ:NVDA - Get Free Report) last announced 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 51.69% and a return on equity of 105.09%. The business had revenue of $44.06 billion during the quarter, compared to analysts' expectations of $43.09 billion. During the same period in the prior year, the firm earned $0.61 EPS. NVIDIA's revenue for the quarter was up 69.2% on a year-over-year basis. On average, research analysts expect that NVIDIA Corporation will post 2.77 EPS for the current year.
NVIDIA Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date was Wednesday, June 11th. NVIDIA's dividend payout ratio is 1.29%.
Wall Street Analysts Forecast Growth
NVDA has been the topic of a number of analyst reports. Morgan Stanley upped their target price on shares of NVIDIA from $170.00 to $200.00 and gave the company an "overweight" rating in a research note on Wednesday. Piper Sandler restated an "overweight" rating and issued a $180.00 target price (up previously from $150.00) on shares of NVIDIA in a research note on Wednesday, May 28th. Summit Insights upgraded shares of NVIDIA from a "hold" rating to a "buy" rating in a research note on Thursday, May 29th. Jefferies Financial Group increased their price target on NVIDIA from $185.00 to $200.00 in a research report on Wednesday, July 16th. Finally, Raymond James Financial lifted their price objective on NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a research report on Thursday, May 29th. One analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-three have given a buy rating and four have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $182.03.
Check Out Our Latest Report on NVIDIA
Insider Activity
In other news, Director A Brooke Seawell sold 48,792 shares of the firm's stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $163.96, for a total value of $7,999,936.32. Following the transaction, the director directly owned 1,729,478 shares in the company, valued at approximately $283,565,212.88. This trade represents a 2.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Colette Kress sold 27,650 shares of the company's stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $170.89, for a total transaction of $4,725,108.50. Following the transaction, the chief financial officer owned 2,984,516 shares of the company's stock, valued at $510,023,939.24. This represents a 0.92% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,339,800 shares of company stock worth $800,141,003. 4.17% of the stock is currently owned by corporate insiders.
NVIDIA Profile
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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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