Jacobs & Co. CA Has $35.54 Million Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Jacobs & Co. CA cut its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 0.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 327,908 shares of the computer hardware maker's stock after selling 1,844 shares during the period. NVIDIA accounts for approximately 3.8% of Jacobs & Co. CA's portfolio, making the stock its 2nd largest holding. Jacobs & Co. CA's holdings in NVIDIA were worth $35,538,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Tacita Capital Inc bought a new stake in shares of NVIDIA during the fourth quarter valued at about $28,000. Vision Financial Markets LLC bought a new position in shares of NVIDIA in the fourth quarter worth approximately $38,000. Luken Investment Analytics LLC bought a new position in shares of NVIDIA in the fourth quarter worth approximately $40,000. Copia Wealth Management bought a new position in shares of NVIDIA in the fourth quarter worth approximately $50,000. Finally, LSV Asset Management bought a new position in shares of NVIDIA in the fourth quarter worth approximately $54,000. 65.27% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NVIDIA

In other news, CFO Colette Kress sold 66,660 shares of the firm's stock in a transaction on Friday, March 21st. The stock was sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the completion of the transaction, the chief financial officer now directly owns 3,085,765 shares in the company, valued at $360,509,924.95. This trade represents a 2.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert K. Burgess sold 53,324 shares of the firm's stock in a transaction on Thursday, March 13th. The shares were 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. The trade was a 17.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,614,169 shares of company stock valued at $366,510,238. 4.17% of the stock is currently owned by company insiders.

NVIDIA Stock Down 0.8%

NVIDIA stock traded down $1.13 on Wednesday, hitting $142.83. 166,804,211 shares of the stock traded hands, compared to its average volume of 277,376,658. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The firm has a market cap of $3.49 trillion, a P/E ratio of 56.21, a price-to-earnings-growth ratio of 1.76 and a beta of 2.12. The business's fifty day simple moving average is $119.94 and its 200 day simple moving average is $126.23. NVIDIA Co. has a 1 year low of $86.62 and a 1 year high of $153.13.

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 the consensus estimate of $0.87 by ($0.06). The firm had revenue of $44.06 billion for the quarter, compared to analysts' expectations of $43.09 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business's quarterly revenue was up 69.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.61 EPS. As a group, sell-side analysts forecast 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. Shareholders 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 is Wednesday, June 11th. NVIDIA's dividend payout ratio is currently 1.29%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. KeyCorp set a $190.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. Piper Sandler reaffirmed 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. Susquehanna reaffirmed a "positive" rating and issued a $180.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. Citigroup reaffirmed a "buy" rating and issued a $180.00 target price (up previously from $150.00) on shares of NVIDIA in a research note on Thursday, May 29th. Finally, Arete Research raised NVIDIA to a "strong-buy" rating in a research note on Wednesday, May 21st. One investment analyst has rated the stock with a sell rating, five have given a hold rating, thirty-six have issued a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $171.66.

NVIDIA 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.