Howard Financial Services LTD. Increases Position in NVIDIA Co. (NASDAQ:NVDA)

Howard Financial Services LTD. boosted its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 4.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 81,027 shares of the computer hardware maker's stock after purchasing an additional 3,662 shares during the quarter. NVIDIA comprises about 1.2% of Howard Financial Services LTD.'s portfolio, making the stock its 22nd biggest position. Howard Financial Services LTD.'s holdings in NVIDIA were worth $8,782,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Kings Path Partners LLC increased its holdings in shares of NVIDIA by 1,000.0% in the 1st quarter. Kings Path Partners LLC now owns 11,000 shares of the computer hardware maker's stock valued at $1,192,000 after acquiring an additional 10,000 shares during the period. Farmers Trust Co. grew its stake in NVIDIA by 1.9% in the first quarter. Farmers Trust Co. now owns 6,541 shares of the computer hardware maker's stock valued at $709,000 after purchasing an additional 125 shares during the last quarter. Moody National Bank Trust Division raised its holdings in NVIDIA by 0.6% in the first quarter. Moody National Bank Trust Division now owns 302,517 shares of the computer hardware maker's stock worth $32,787,000 after purchasing an additional 1,946 shares in the last quarter. Baring Financial LLC raised its holdings in NVIDIA by 24.7% in the first quarter. Baring Financial LLC now owns 13,107 shares of the computer hardware maker's stock worth $1,421,000 after purchasing an additional 2,592 shares in the last quarter. Finally, Versant Capital Management Inc lifted its position in shares of NVIDIA by 116.0% during the first quarter. Versant Capital Management Inc now owns 60,279 shares of the computer hardware maker's stock valued at $6,533,000 after buying an additional 32,374 shares during the last quarter. 65.27% of the stock is owned by institutional investors.

NVIDIA Price Performance

NVDA traded up $1.33 on Tuesday, hitting $143.96. 154,969,369 shares of the company's stock were exchanged, compared to its average volume of 273,132,656. NVIDIA Co. has a fifty-two week low of $86.62 and a fifty-two week high of $153.13. The stock has a market cap of $3.51 trillion, a price-to-earnings ratio of 56.65, a P/E/G ratio of 1.76 and a beta of 2.12. The firm has a 50-day moving average price of $119.10 and a 200-day moving average price of $126.11. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its 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 return on equity of 114.83% and a net margin of 55.69%. The company had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. During the same quarter in the prior year, the firm earned $0.61 earnings per share. The company's revenue for the quarter was up 69.2% on a year-over-year basis. As a group, equities analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Investors 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 of this dividend is Wednesday, June 11th. NVIDIA's payout ratio is currently 1.29%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on NVDA shares. Raymond James raised their target price on shares of NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a research note on Thursday, May 29th. Stifel Nicolaus set a $180.00 price target on NVIDIA in a research note on Wednesday, March 19th. HSBC lowered NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price target on the stock. in a research note on Thursday, April 3rd. Wedbush reaffirmed an "outperform" rating on shares of NVIDIA in a research report on Thursday, May 29th. Finally, Mizuho lifted their target price on shares of NVIDIA from $168.00 to $170.00 and gave the stock an "outperform" rating in a research note on Thursday, May 29th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-six have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $171.66.

Insiders Place Their Bets

In other news, Director Robert K. Burgess sold 53,324 shares of the company's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $115.49, for a total value of $6,158,388.76. Following the transaction, the director now owns 251,044 shares of the company's stock, valued at $28,993,071.56. This represents a 17.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mark A. Stevens sold 935,000 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $140.92, for a total value of $131,760,200.00. Following the sale, the director now directly owns 9,214,697 shares of the company's stock, valued at $1,298,535,101.24. The trade was a 9.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,255,320 shares of company stock valued at $172,680,419 over the last ninety days. Company insiders own 4.17% of the company's stock.

NVIDIA Company 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.