Mirador Capital Partners LP Raises Position in NVIDIA Co. (NASDAQ:NVDA)

Mirador Capital Partners LP increased its stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 11.4% during the first quarter, according to its most recent filing with the SEC. The fund owned 61,460 shares of the computer hardware maker's stock after buying an additional 6,306 shares during the quarter. NVIDIA accounts for approximately 1.2% of Mirador Capital Partners LP's portfolio, making the stock its 20th largest holding. Mirador Capital Partners LP's holdings in NVIDIA were worth $6,661,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in NVDA. Wealth Group Ltd. boosted its position in NVIDIA by 1.8% during the fourth quarter. Wealth Group Ltd. now owns 5,702 shares of the computer hardware maker's stock worth $766,000 after purchasing an additional 100 shares during the period. Tallon Kerry Patrick bought a new position in NVIDIA in the 4th quarter worth approximately $972,000. Capital & Planning LLC grew its stake in NVIDIA by 16.9% in the 4th 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. raised its holdings in NVIDIA by 1.6% during the 4th quarter. Ironwood Wealth Management LLC. now owns 6,483 shares of the computer hardware maker's stock valued at $871,000 after acquiring an additional 104 shares during the period. Finally, Sugar Maple Asset Management LLC lifted its position in shares of NVIDIA by 2.9% during the fourth quarter. Sugar Maple Asset Management LLC now owns 8,540 shares of the computer hardware maker's stock worth $1,147,000 after acquiring an additional 244 shares in the last quarter. Institutional investors own 65.27% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on NVDA. Benchmark reiterated a "buy" rating and issued a $190.00 price target on shares of NVIDIA in a research report on Thursday, May 29th. Piper Sandler reiterated an "overweight" rating and set a $180.00 price target (up from $150.00) on shares of NVIDIA in a research report on Wednesday, May 28th. HSBC lowered shares of NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price objective for the company. in a research report on Thursday, April 3rd. Truist Financial boosted their price objective on shares of NVIDIA from $205.00 to $210.00 and gave the company a "buy" rating in a research note on Thursday, May 29th. Finally, Stifel Nicolaus set a $180.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-five have given a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, NVIDIA has an average rating of "Moderate Buy" and a consensus target price of $172.24.

Insiders Place Their Bets

In other news, insider Donald F. Robertson, Jr. sold 4,500 shares of the company's stock in a transaction on Friday, March 21st. The stock was sold at an average price of $116.80, for a total transaction of $525,600.00. Following the transaction, the insider now directly owns 479,428 shares of the company's stock, valued at $55,997,190.40. This represents a 0.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Aarti S. Shah sold 20,000 shares of NVIDIA stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $118.42, for a total value of $2,368,400.00. Following the completion of the sale, the director now owns 53,208 shares of the company's stock, valued at $6,300,891.36. The trade was a 27.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,560,845 shares of company stock valued at $360,351,849. Insiders own 4.17% of the company's stock.

NVIDIA Trading Up 1.5%

Shares of NASDAQ NVDA traded up $2.17 during trading hours on Thursday, hitting $145.00. The company's stock had a trading volume of 161,506,082 shares, compared to its average volume of 276,827,751. The stock has a market cap of $3.54 trillion, a price-to-earnings ratio of 57.06, a P/E/G ratio of 1.76 and a beta of 2.12. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. NVIDIA Co. has a 12 month low of $86.62 and a 12 month high of $153.13. The business has a 50-day simple moving average of $120.91 and a 200-day simple moving average of $126.34.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. During the same period last year, the business earned $0.61 EPS. The firm's quarterly revenue was up 69.2% on a year-over-year basis. On average, analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA's dividend payout ratio is currently 1.29%.

About NVIDIA

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.