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Kendall Capital Management Acquires 1,920 Shares of NVIDIA Corporation (NASDAQ:NVDA)

NVIDIA logo with Computer and Technology background

Kendall Capital Management lifted its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 14.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,770 shares of the computer hardware maker's stock after buying an additional 1,920 shares during the quarter. Kendall Capital Management's holdings in NVIDIA were worth $1,601,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of NVDA. FMR LLC boosted its holdings in NVIDIA by 0.7% during the 4th quarter. FMR LLC now owns 1,004,376,608 shares of the computer hardware maker's stock worth $134,877,735,000 after acquiring an additional 6,665,252 shares during the last quarter. Geode Capital Management LLC boosted its holdings in NVIDIA by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 555,548,278 shares of the computer hardware maker's stock worth $74,439,273,000 after acquiring an additional 9,468,786 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in NVIDIA by 0.9% during the 4th 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 purchased a new position in NVIDIA during the 4th quarter worth $43,515,504,000. Finally, Northern Trust Corp boosted its holdings in NVIDIA by 15.8% during the 4th quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock worth $35,782,134,000 after acquiring an additional 36,266,817 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on NVDA. HSBC downgraded shares of NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price objective on the stock. in a report on Thursday, April 3rd. Cantor Fitzgerald reiterated an "overweight" rating and set a $200.00 target price on shares of NVIDIA in a research note on Wednesday, April 16th. Arete Research upgraded NVIDIA to a "strong-buy" rating in a research note on Wednesday, May 21st. Jefferies Financial Group lifted their target price on NVIDIA from $185.00 to $200.00 in a research note on Wednesday, July 16th. Finally, Hsbc Global Res cut NVIDIA from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating, thirty-three have assigned a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat.com, NVIDIA currently has a consensus rating of "Moderate Buy" and an average target price of $181.22.

Get Our Latest Stock Analysis on NVDA

Insider Activity at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $169.54, for a total value of $12,715,500.00. Following the transaction, the chief executive officer directly owned 74,123,225 shares of the company's stock, valued at approximately $12,566,851,566.50. This trade represents a 0.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Colette Kress sold 27,650 shares of the firm's stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $170.89, for a total value of $4,725,108.50. Following the completion of the transaction, the chief financial officer directly owned 2,984,516 shares in the company, valued at $510,023,939.24. The trade was a 0.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,114,800 shares of company stock valued at $760,553,003 over the last ninety days. Insiders own 4.17% of the company's stock.

NVIDIA Trading Down 0.1%

Shares of NASDAQ NVDA traded down $0.24 during mid-day trading on Friday, hitting $173.50. The stock had a trading volume of 121,814,931 shares, compared to its average volume of 162,110,176. 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 1 year low of $86.62 and a 1 year high of $174.72. The business has a 50 day moving average price of $150.95 and a two-hundred day moving average price of $130.86. The firm has a market cap of $4.23 trillion, a P/E ratio of 55.97, a price-to-earnings-growth ratio of 1.53 and a beta of 2.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced 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). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. 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 previous year, the business earned $0.61 EPS. The business's revenue was up 69.2% compared to the same quarter last year. On average, equities analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were given a dividend of $0.01 per share. The ex-dividend date was Wednesday, June 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.02%. NVIDIA's dividend payout ratio (DPR) is presently 1.29%.

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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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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