Baker Tilly Wealth Management LLC grew its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 6.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,740 shares of the computer hardware maker's stock after buying an additional 3,765 shares during the quarter. NVIDIA comprises 2.7% of Baker Tilly Wealth Management LLC's investment portfolio, making the stock its 5th biggest holding. Baker Tilly Wealth Management LLC's holdings in NVIDIA were worth $6,800,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of NVIDIA in the 4th quarter worth approximately $43,515,504,000. GAMMA Investing LLC boosted its position in NVIDIA by 12,173.2% during the first quarter. GAMMA Investing LLC now owns 48,837,781 shares of the computer hardware maker's stock worth $5,293,039,000 after purchasing an additional 48,439,859 shares in the last quarter. Northern Trust Corp grew its holdings in NVIDIA by 15.8% in the fourth quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock valued at $35,782,134,000 after purchasing an additional 36,266,817 shares during the last quarter. Proficio Capital Partners LLC increased its position in shares of NVIDIA by 14,641.2% in the fourth quarter. Proficio Capital Partners LLC now owns 34,676,316 shares of the computer hardware maker's stock valued at $4,656,682,000 after buying an additional 34,441,082 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of NVIDIA during the 4th quarter worth $2,987,733,000. Hedge funds and other institutional investors own 65.27% of the company's stock.
Wall Street Analyst Weigh In
Several research firms have weighed in on NVDA. Morgan Stanley restated an "overweight" rating and set a $170.00 target price (up from $160.00) on shares of NVIDIA in a report on Thursday, May 29th. Needham & Company LLC reissued a "buy" rating and set a $160.00 price objective on shares of NVIDIA in a research note on Thursday, May 29th. Seaport Res Ptn upgraded NVIDIA to a "strong sell" rating in a report on Wednesday, April 30th. Bank of America raised their price target on NVIDIA from $150.00 to $160.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. Finally, Rosenblatt Securities upped their price objective on NVIDIA from $178.00 to $200.00 and gave the company a "buy" rating in a research report on Thursday, May 29th. One analyst has rated the stock with a sell rating, five have given a hold rating, thirty-five have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $172.24.
Read Our Latest Analysis on NVIDIA
Insider Activity
In other news, 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 transaction of $2,368,400.00. Following the sale, the director now directly owns 53,208 shares of the company's stock, valued at approximately $6,300,891.36. The trade was a 27.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the company's stock in a transaction on Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $525,600.00. Following the completion of the sale, the insider now directly owns 479,428 shares in the company, valued at $55,997,190.40. This represents a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,560,845 shares of company stock worth $360,351,849. 4.17% of the stock is currently owned by company insiders.
NVIDIA Stock Down 2.1%
NASDAQ NVDA traded down $3.03 during trading hours on Friday, hitting $141.97. The company had a trading volume of 180,270,368 shares, compared to its average volume of 276,444,292. The firm's 50 day moving average is $121.86 and its 200 day moving average is $126.41. The company has a market capitalization of $3.46 trillion, a price-to-earnings ratio of 55.87, a P/E/G ratio of 1.76 and a beta of 2.12. NVIDIA Co. has a fifty-two week low of $86.62 and a fifty-two week high of $153.13. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64.
NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results 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 during the quarter, compared to analyst estimates of $43.09 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. NVIDIA's quarterly revenue was up 69.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.61 EPS. Sell-side analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.
NVIDIA Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th will be given a dividend of $0.01 per share. The ex-dividend date is Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA's payout ratio is currently 1.29%.
NVIDIA Company 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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