Quent Capital LLC Has $14.20 Million Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Quent Capital LLC trimmed its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 9.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 130,980 shares of the computer hardware maker's stock after selling 14,080 shares during the period. NVIDIA accounts for 1.5% of Quent Capital LLC's investment portfolio, making the stock its 15th biggest position. Quent Capital LLC's holdings in NVIDIA were worth $14,196,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. DiNuzzo Private Wealth Inc. boosted its stake in shares of NVIDIA by 0.8% during the 4th quarter. DiNuzzo Private Wealth Inc. now owns 8,612 shares of the computer hardware maker's stock worth $1,157,000 after purchasing an additional 71 shares during the last quarter. Baker Boyer National Bank lifted its stake in shares of NVIDIA by 3.3% during the fourth quarter. Baker Boyer National Bank now owns 2,403 shares of the computer hardware maker's stock valued at $323,000 after buying an additional 76 shares during the period. SC&H Financial Advisors Inc. boosted its position in NVIDIA by 1.6% during the fourth quarter. SC&H Financial Advisors Inc. now owns 5,074 shares of the computer hardware maker's stock worth $681,000 after acquiring an additional 80 shares during the last quarter. DecisionPoint Financial LLC grew its stake in NVIDIA by 2.9% in the 4th quarter. DecisionPoint Financial LLC now owns 2,878 shares of the computer hardware maker's stock worth $386,000 after acquiring an additional 80 shares during the period. Finally, Matthew Goff Investment Advisor LLC raised its holdings in NVIDIA by 0.7% in the 4th quarter. Matthew Goff Investment Advisor LLC now owns 11,496 shares of the computer hardware maker's stock valued at $1,544,000 after acquiring an additional 84 shares during the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

NVIDIA Stock Performance

Shares of NASDAQ:NVDA traded up $1.33 during trading hours on Tuesday, hitting $143.96. The stock had a trading volume of 154,969,369 shares, compared to its average volume of 273,132,656. The stock's fifty day simple moving average is $119.10 and its 200 day simple moving average is $126.11. The firm has a market capitalization of $3.51 trillion, a price-to-earnings ratio of 56.65, a PEG 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 1-year low of $86.62 and a 1-year high of $153.13.

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

NVIDIA Announces Dividend

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

Analysts Set New Price Targets

NVDA has been the subject of a number of recent analyst reports. Summit Insights raised NVIDIA from a "hold" rating to a "buy" rating in a research report on Thursday, May 29th. Cantor Fitzgerald restated an "overweight" rating and issued a $200.00 price target on shares of NVIDIA in a report on Wednesday, April 16th. Citigroup reiterated a "buy" rating and set a $180.00 price objective (up from $150.00) on shares of NVIDIA in a report on Thursday, May 29th. DA Davidson boosted their target price on shares of NVIDIA from $120.00 to $135.00 and gave the company a "neutral" rating in a report on Thursday, May 29th. Finally, Bank of America lifted their price target on shares of NVIDIA from $150.00 to $160.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-six have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $171.66.

Insider Buying and Selling

In other NVIDIA news, Director Mark A. Stevens sold 935,000 shares of the business's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $140.92, for a total transaction of $131,760,200.00. Following the sale, the director now directly owns 9,214,697 shares in the company, valued at approximately $1,298,535,101.24. The trade was a 9.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Colette Kress sold 66,660 shares of the company's stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 3,085,765 shares of the company's stock, valued at approximately $360,509,924.95. This represents a 2.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,255,320 shares of company stock valued at $172,680,419 over the last 90 days. 4.17% of the stock is currently owned by company insiders.

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.