Hennion & Walsh Asset Management Inc. cut its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 7.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 138,433 shares of the computer hardware maker's stock after selling 10,497 shares during the quarter. NVIDIA comprises about 0.7% of Hennion & Walsh Asset Management Inc.'s portfolio, making the stock its 19th biggest holding. Hennion & Walsh Asset Management Inc.'s holdings in NVIDIA were worth $15,003,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the company. FMR LLC boosted its stake in NVIDIA by 0.7% in the 4th quarter. FMR LLC now owns 1,004,376,608 shares of the computer hardware maker's stock valued at $134,877,735,000 after purchasing an additional 6,665,252 shares during the period. Geode Capital Management LLC raised its holdings in NVIDIA by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 555,548,278 shares of the computer hardware maker's stock valued at $74,439,273,000 after acquiring an additional 9,468,786 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in NVIDIA by 0.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 411,328,951 shares of the computer hardware maker's stock valued at $55,237,367,000 after acquiring an additional 3,721,331 shares in the last quarter. Norges Bank acquired a new position in NVIDIA in the 4th quarter valued at $43,515,504,000. Finally, Northern Trust Corp raised its holdings in NVIDIA by 15.8% in the 4th quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock valued at $35,782,134,000 after acquiring an additional 36,266,817 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on NVDA shares. Benchmark reaffirmed a "buy" rating and issued a $190.00 price objective on shares of NVIDIA in a report on Thursday, May 29th. Seaport Res Ptn raised NVIDIA to a "strong sell" rating in a report on Wednesday, April 30th. Stifel Nicolaus set a $180.00 price objective on NVIDIA in a report on Wednesday, March 19th. Needham & Company LLC reaffirmed a "buy" rating and issued a $160.00 price objective on shares of NVIDIA in a report on Thursday, May 29th. Finally, Piper Sandler reissued an "overweight" rating and set a $180.00 price target (up previously from $150.00) on shares of NVIDIA in a report on Wednesday, May 28th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-five have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $172.24.
Get Our Latest Report on NVDA
NVIDIA Stock Down 2.1%
Shares of NVDA traded down $3.03 on Friday, reaching $141.97. The stock had a trading volume of 180,270,368 shares, compared to its average volume of 276,376,708. The firm has a market capitalization of $3.46 trillion, a price-to-earnings ratio of 55.87, a price-to-earnings-growth 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. The company has a 50-day simple moving average of $122.77 and a 200-day simple moving average of $126.38. NVIDIA Co. has a 12-month low of $86.62 and a 12-month 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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). The company 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 firm's quarterly revenue was up 69.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.61 EPS. Sell-side analysts predict that NVIDIA Co. will post 2.77 EPS for the current year.
NVIDIA Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date of this dividend is Wednesday, June 11th. NVIDIA's payout ratio is 1.29%.
Insiders Place Their Bets
In other NVIDIA news, Director Tench Coxe sold 1,000,000 shares of the business's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $142.80, for a total transaction of $142,800,000.00. Following the completion of the sale, the director now owns 26,671,360 shares of the company's stock, valued at approximately $3,808,670,208. The trade was a 3.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Mark A. Stevens sold 190,000 shares of the business's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $142.51, for a total value of $27,076,900.00. Following the sale, the director now directly owns 8,855,848 shares of the company's stock, valued at $1,262,046,898.48. This represents a 2.10% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,560,845 shares of company stock valued at $360,351,849. Corporate insiders own 4.17% of the company's stock.
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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