Focused Wealth Management Inc increased its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 48.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,740 shares of the computer hardware maker's stock after purchasing an additional 11,052 shares during the period. Focused Wealth Management Inc's holdings in NVIDIA were worth $3,657,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Coyle Financial Counsel LLC grew its position in NVIDIA by 6.5% in the first quarter. Coyle Financial Counsel LLC now owns 24,514 shares of the computer hardware maker's stock worth $2,657,000 after buying an additional 1,496 shares during the last quarter. Berbice Capital Management LLC grew its position in NVIDIA by 0.8% in the first quarter. Berbice Capital Management LLC now owns 155,770 shares of the computer hardware maker's stock worth $16,882,000 after buying an additional 1,240 shares during the last quarter. Stillwater Wealth Management Group grew its position in NVIDIA by 1.0% in the first quarter. Stillwater Wealth Management Group now owns 23,066 shares of the computer hardware maker's stock worth $2,500,000 after buying an additional 235 shares during the last quarter. Independent Investors Inc. grew its position in NVIDIA by 50.1% in the first quarter. Independent Investors Inc. now owns 17,865 shares of the computer hardware maker's stock worth $1,936,000 after buying an additional 5,965 shares during the last quarter. Finally, ARK & TLK Investments LLC grew its position in NVIDIA by 1.0% in the first quarter. ARK & TLK Investments LLC now owns 10,442 shares of the computer hardware maker's stock worth $1,132,000 after buying an additional 103 shares during the last quarter. Institutional investors own 65.27% of the company's stock.
Insiders Place Their Bets
In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $178.16, for a total value of $13,362,000.00. Following the completion of the transaction, the chief executive officer directly owned 73,523,225 shares in the company, valued at approximately $13,098,897,766. This represents a 0.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Colette Kress sold 27,640 shares of the company's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $178.06, for a total transaction of $4,921,578.40. Following the completion of the transaction, the chief financial officer owned 2,956,876 shares of the company's stock, valued at $526,501,340.56. This trade represents a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,537,440 shares of company stock valued at $835,035,782 over the last quarter. 4.17% of the stock is currently owned by company insiders.
NVIDIA Price Performance
NVDA stock opened at $180.77 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. NVIDIA Corporation has a one year low of $86.62 and a one year high of $183.88. The stock has a market cap of $4.41 trillion, a PE ratio of 58.31, a P/E/G ratio of 1.58 and a beta of 2.14. The firm has a 50 day simple moving average of $158.85 and a two-hundred day simple moving average of $133.52.
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 for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). The business had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The company's 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 earnings per share. On average, analysts predict that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.
NVIDIA Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date was Wednesday, June 11th. NVIDIA's dividend payout ratio is currently 1.29%.
Analyst Ratings Changes
Several research analysts have issued reports on NVDA shares. Cantor Fitzgerald restated an "overweight" rating and issued a $200.00 price target on shares of NVIDIA in a research report on Wednesday, April 16th. TD Cowen lifted their price objective on shares of NVIDIA from $140.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday, May 29th. Summit Insights upgraded shares of NVIDIA from a "hold" rating to a "buy" rating in a research report on Thursday, May 29th. Bank of America lifted their price objective on shares of NVIDIA from $180.00 to $220.00 in a research report on Wednesday, July 16th. Finally, UBS Group reiterated a "buy" rating on shares of NVIDIA in a research report on Friday, May 23rd. One analyst has rated the stock with a sell rating, five have given a hold rating, thirty-two have assigned a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $183.75.
Check Out Our Latest Research Report on NVIDIA
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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